New Postal Products, 71613-71614 [2023-22820]

Download as PDF Federal Register / Vol. 88, No. 199 / Tuesday, October 17, 2023 / Notices the Competitive product list, or the modification of an existing product currently appearing on the Market Dominant or the Competitive product list. Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern Market Dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, and 39 CFR part 3040, subpart B. For request(s) that the Postal Service states concern Competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. lotter on DSK11XQN23PROD with NOTICES1 II. Docketed Proceeding(s) 1. Docket No(s).: CP2023–67; Filing Title: Notice of the United States Postal Service of Filing Modification One to Priority Mail Express International, Priority Mail International & First-Class Package International Service Contract 12, Filing Acceptance Date: October 11, 2023; Filing Authority: 39 CFR 3035.105; Public Representative: Katalin K. Clendenin; Comments Due: October 19, 2023. 2. Docket No(s).: MC2024–5 and CP2024–5; Filing Title: USPS Request to Add Parcel Return Service Contract 20 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: October 11, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). VerDate Sep<11>2014 17:02 Oct 16, 2023 Jkt 262001 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: October 19, 2023. 3. Docket No(s).: MC2024–6 and CP2024–6; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 72 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: October 10, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: October 19, 2023. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2023–22905 Filed 10–16–23; 8:45 am] BILLING CODE 7710–FW–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2024–3 and CP2024–3; MC2024–4 and CP2024–4] New Postal Products Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing for the Commission’s consideration concerning a negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: October 18, 2023. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at https:// www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on filing alternatives. FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: SUMMARY: Table of Contents I. Introduction II. Docketed Proceeding(s) I. Introduction The Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related to negotiated service agreement(s). The request(s) may propose the addition or removal of a negotiated service agreement from the Market Dominant or PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 71613 the Competitive product list, or the modification of an existing product currently appearing on the Market Dominant or the Competitive product list. Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern Market Dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, and 39 CFR part 3040, subpart B. For request(s) that the Postal Service states concern Competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. II. Docketed Proceeding(s) 1. Docket No(s).: MC2024–3 and CP2024–3; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 70 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: October 10, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Jennaca D. Upperman; Comments Due: October 18, 2023. 2. Docket No(s).: MC2024–4 and CP2024–4; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 71 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). E:\FR\FM\17OCN1.SGM 17OCN1 71614 Federal Register / Vol. 88, No. 199 / Tuesday, October 17, 2023 / Notices Date: October 10, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: October 18, 2023. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2023–22820 Filed 10–16–23; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–240, OMB Control No. 3235–0216] lotter on DSK11XQN23PROD with NOTICES1 Proposed Collection; Comment Request; Extension: Rule 19a–1 Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501–3520), the Securities and Exchange Commission (the ‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Section 19(a) (15 U.S.C. 80a–19(a)) of the Investment Company Act of 1940 (the ‘‘Act’’) (15 U.S.C. 80a) makes it unlawful for any registered investment company to pay any dividend or similar distribution from any source other than the company’s net income, unless the payment is accompanied by a written statement to the company’s shareholders which adequately discloses the sources of the payment. Section 19(a) authorizes the Commission to prescribe the form of such statement by rule. Rule 19a–1 (17 CFR 270.19a–1) under the Act, entitled ‘‘Written Statement to Accompany Dividend Payments by Management Companies,’’ sets forth specific requirements for the information that must be included in statements made pursuant to section 19(a) by or on behalf of management companies.1 The rule requires that the statement indicate what portions of distribution payments are made from 1 Section 4(3) of the Act (15 U.S.C. 80a–4(3)) defines ‘‘management company’’ as ‘‘any investment company other than a face amount certificate company or a unit investment trust.’’ VerDate Sep<11>2014 17:02 Oct 16, 2023 Jkt 262001 net income, net profits from the sale of a security or other property (‘‘capital gains’’) and paid-in capital. When any part of the payment is made from capital gains, rule 19a–1 also requires that the statement disclose certain other information relating to the appreciation or depreciation of portfolio securities. If an estimated portion is subsequently determined to be significantly inaccurate, a correction must be made on a statement made pursuant to section 19(a) or in the first report to shareholders following the discovery of the inaccuracy. The purpose of rule 19a–1 is to afford fund shareholders adequate disclosure of the sources from which distribution payments are made. The rule is intended to prevent shareholders from confusing income dividends with distributions made from capital sources. Absent rule 19a–1, shareholders might receive a false impression of fund gains. Based on a review of filings made with the Commission, the staff estimates that approximately 12,900 series of registered investment companies that are management companies may be subject to rule 19a–1 each year,2 and that each portfolio on average mails two statements per year to meet the requirements of the rule.3 The staff further estimates that the time needed to make the determinations required by the rule and to prepare the statement required under the rule is approximately 1 hour per statement. The total annual burden for all portfolios therefore is estimated to be approximately 25,800 burden hours.4 The staff estimates that approximately one-third of the total annual burden (8,600 hours) would be incurred by a paralegal with an average hourly wage rate of approximately $253 per hour,5 2 This estimate is as of December 2022 and is based on the Commission staff’s review of EDGAR filings through July 31, 2023. The number of management investment company portfolios that make distributions for which compliance with rule 19a–1 is required depends on a wide range of factors and can vary greatly across years. Therefore, the calculation of estimated burden hours below is based on the total number of management investment company portfolios, each of which may be subject to rule 19a–1. 3 A few portfolios make monthly distributions from sources other than net income, so the rule requires them to send out a statement 12 times a year. Other portfolios never make such distributions. 4 This estimate is based on the following calculation: 12,900 management investment company portfolios × 2 statements per year × 1 hour per statement = 25,800 burden hours. 5 Hourly rates are derived from the Securities Industry and Financial Markets Association (‘‘SIFMA’’), Management and Professional Earnings in the Securities Industry 2013, modified to account for an 1,800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits, and overhead. PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 and approximately two-thirds of the annual burden (17,200 hours) would be incurred by a compliance clerk with an average hourly wage rate of $82 per hour.6 The staff therefore estimates that the aggregate annual burden, in dollars, of the hours needed to comply with the paperwork requirements of the rule is approximately $3,586,200 ((8,600 hours × $253 = $2,175,800) + (17,200 hours × $82 = $1,410,400)). It is estimated that there is no cost burden of rule 19a–1 other than these estimates. To comply with state law, many investment companies already must distinguish the different sources from which a shareholder distribution is paid and disclose that information to shareholders. Thus, many investment companies would be required to distinguish the sources of shareholder dividends whether or not the Commission required them to do so under rule 19a–1. These estimates are made solely for the purposes of the Paperwork Reduction Act, and are not derived from a comprehensive or even a representative survey or study of the costs of Commission rules. Compliance with the collection of information required by rule 19a–1 is mandatory for management companies that make statements to shareholders pursuant to section 19(a) of the Act. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid control number. Written comments are invited on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted by December 18, 2023. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. Please direct your written comments to: David Bottom, Acting Director/Chief 6 Hourly rates are derived from SIFMA’s Office Salaries in the Securities Industry 2013, modified to account for an 1,800-hour work-year and multiplied by 2.93 to account for bonuses, firm size, employee benefits and overhead. E:\FR\FM\17OCN1.SGM 17OCN1

Agencies

[Federal Register Volume 88, Number 199 (Tuesday, October 17, 2023)]
[Notices]
[Pages 71613-71614]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-22820]


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POSTAL REGULATORY COMMISSION

[Docket Nos. MC2024-3 and CP2024-3; MC2024-4 and CP2024-4]


New Postal Products

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing for 
the Commission's consideration concerning a negotiated service 
agreement. This notice informs the public of the filing, invites public 
comment, and takes other administrative steps.

DATES: Comments are due: October 18, 2023.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at https://www.prc.gov. Those who cannot submit comments 
electronically should contact the person identified in the FOR FURTHER 
INFORMATION CONTACT section by telephone for advice on filing 
alternatives.

FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 
202-789-6820.

SUPPLEMENTARY INFORMATION:

Table of Contents

I. Introduction
II. Docketed Proceeding(s)

I. Introduction

    The Commission gives notice that the Postal Service filed 
request(s) for the Commission to consider matters related to negotiated 
service agreement(s). The request(s) may propose the addition or 
removal of a negotiated service agreement from the Market Dominant or 
the Competitive product list, or the modification of an existing 
product currently appearing on the Market Dominant or the Competitive 
product list.
    Section II identifies the docket number(s) associated with each 
Postal Service request, the title of each Postal Service request, the 
request's acceptance date, and the authority cited by the Postal 
Service for each request. For each request, the Commission appoints an 
officer of the Commission to represent the interests of the general 
public in the proceeding, pursuant to 39 U.S.C. 505 (Public 
Representative). Section II also establishes comment deadline(s) 
pertaining to each request.
    The public portions of the Postal Service's request(s) can be 
accessed via the Commission's website (https://www.prc.gov). Non-public 
portions of the Postal Service's request(s), if any, can be accessed 
through compliance with the requirements of 39 CFR 3011.301.\1\
---------------------------------------------------------------------------

    \1\ See Docket No. RM2018-3, Order Adopting Final Rules Relating 
to Non-Public Information, June 27, 2018, Attachment A at 19-22 
(Order No. 4679).
---------------------------------------------------------------------------

    The Commission invites comments on whether the Postal Service's 
request(s) in the captioned docket(s) are consistent with the policies 
of title 39. For request(s) that the Postal Service states concern 
Market Dominant product(s), applicable statutory and regulatory 
requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3030, 
and 39 CFR part 3040, subpart B. For request(s) that the Postal Service 
states concern Competitive product(s), applicable statutory and 
regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 
U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3040, subpart B. Comment 
deadline(s) for each request appear in section II.

II. Docketed Proceeding(s)

    1. Docket No(s).: MC2024-3 and CP2024-3; Filing Title: USPS Request 
to Add Priority Mail & USPS Ground Advantage Contract 70 to Competitive 
Product List and Notice of Filing Materials Under Seal; Filing 
Acceptance Date: October 10, 2023; Filing Authority: 39 U.S.C. 3642, 39 
CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public 
Representative: Jennaca D. Upperman; Comments Due: October 18, 2023.
    2. Docket No(s).: MC2024-4 and CP2024-4; Filing Title: USPS Request 
to Add Priority Mail & USPS Ground Advantage Contract 71 to Competitive 
Product List and Notice of Filing Materials Under Seal; Filing 
Acceptance

[[Page 71614]]

Date: October 10, 2023; Filing Authority: 39 U.S.C. 3642, 39 CFR 
3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: 
Kenneth R. Moeller; Comments Due: October 18, 2023.
    This Notice will be published in the Federal Register.

Erica A. Barker,
Secretary.
[FR Doc. 2023-22820 Filed 10-16-23; 8:45 am]
BILLING CODE 7710-FW-P
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