Federal Register / Vol. 76, No. 76 / Wednesday, April 20, 2011 / Notices 22157 

1United States Postal Service Notice of MarketDominant Price Adjustment, April 12, 2011 

(Notice). 

the NCUA Clearance Officer listed 

below: 

Clearance Officer: Tracy Sumpter, 

National Credit Union Administration, 

1775 Duke Street, Alexandria, VA 

22314–3428, Fax No. 703–837–2861, Email: OCIOMail@ncua.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or a 

copy of the information collection 

request should be directed to Tracy 

Sumpter at the National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, VA 22314–3428, or at (703) 

518–6444. 

SUPPLEMENTARY INFORMATION: Proposal 

for the following collection of 

information: 

Title: Corporate Federal Credit Union 

Chartering Guidelines. 

OMB Number: 3133–NEW. 

Form Number: NCUA Forms 4001, 

4008, 4012, 9500, 9501. 

Type of Review: New collection. 

Description: The proposed 

interpretive ruling and policy statement 

sets forth the requirements and process 

for chartering corporate Federal credit 

unions. 

Respondents: Natural person credit 

unions seeking to establish a new 

corporate FCU. 

Estimated No. of Respondents/ 

Recordkeepers: 1. 

Estimated Burden Hours per 

Response: 328 hours. 

Frequency of Response: Once. 

Estimated Total Annual Burden 

Hours: 328 hours. 

Estimated Total Annual Cost: 0. 

By the National Credit Union 

Administration Board on April 14, 2011. 

Mary Rupp, 

Secretary of the Board. 

[FR Doc. 2011–9544 Filed 4–19–11; 8:45 am] 

BILLING CODE 7535–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. R2011–5; Order No. 715] 

Postal Service Rate Adjustment 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Commission is noticing a 

recently-filed Postal Service notice of 

rate and classification changes affecting 

First-Class Mail presort and Standard 

Mail commercial letters and flats. The 

changes are part of an anticipated 

summer promotion involving mobile 

barcodes on or in mailpieces. This 

notice informs the public of the filing, 

addresses preliminary procedural 

matters, and invites public comment. 

DATES: Comments are due: May 2, 2011. 

ADDRESSES: Submit comments 

electronically by accessing the ‘‘Filing 

Online’’ link in the banner at the top of 

the Commission’s Web site (http:// 

www.prc.gov) or by directly accessing 

the Commission’s Filing Online system 

at https://www.prc.gov/prc-pages/filingonline/login.aspx. Commenters who 

cannot submit their views electronically 

should contact the person identified in 

FOR FURTHER INFORMATION CONTACT

section as the source for case-related 

information for advice on alternatives to 

electronic filing. 

FOR FURTHER INFORMATION CONTACT: 

Stephen L. Sharfman, General Counsel, 

at 202–789–6820 (case-related 

information) or DocketAdmins@prc.gov 

(electronic filing assistance). 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

II. Postal Service Filing 

III. Commission Action 

IV. Ordering Paragraphs 

I. Introduction 

On April 12, 2011, the Postal Service 

filed a notice with the Commission 

announcing its intention to adjust prices 

for First-Class Mail presort and 

Standard Mail letters and flats pursuant 

to 39 U.S.C. 3622 and 39 CFR part 

3010.1 The adjustment is a 3 percent 

discount, from July 1, 2011 to August 

31, 2011, for mailers of First-Class Mail 

presort and Standard Mail commercial 

letters and flats that include a mobile 

barcode inside or on the mailpieces. 

Notice at 1. 

II. Postal Service Filing 

Incentive program. The Postal Service 

proposes a 3 percent discount on FirstClass Mail presort and Standard Mail 

commercial letters and flats that 

include, in or on the mailpiece, a two 

dimensional barcode readable by mobile 

smart phones. Id. at 2. The Postal 

Service notes that nonprofit standard 

mailpieces are ineligible for the 

discount. Id. 

The Postal Service requires that the 

barcode must be two dimensional, and 

notes that one dimensional barcodes, 

though readable by smart phones, are 

not eligible to receive the discount. Id. 

The Postal Service requires that the 

barcode must be designed to ‘‘initiate 

interaction with consumers via mobile 

smart phones to market, promote, or 

educate.’’ Id. at 2–3. 

The 3 percent discount may be 

combined with the full-service 

intelligent mail barcode discount, but 

may not be combined with any other 

incentive. Id. at 3. 

Requirements of 39 CFR 3010. The 

Postal Service certifies that it will, at 

least 45 days prior to implementation, 

inform customers of the price 

adjustment as required by rule 

3010.14(a)(3), by way of the Notice, a 

press release, and publication in the 

Federal Register and Postal Bulletin. Id. 

at 1–2. The Postal Service identifies 

Greg Dawson, Manager of Pricing 

Strategy, as the official responsible for 

responding to any Commission 

inquiries. Id. at 2. 

Impact on the price cap. The Postal 

Service does not calculate the cap 

implication of the discount as described 

in rule 3010.14(b)(1) through (4). Id. at 

3. The Postal Service states that 

excluding the price cap calculation is 

consistent with other limited 

availability discounts offered in the 

past. Id. 

Objectives and factors, workshare 

discounts, and preferred rates. The 

Postal Service lists the relevant 

objectives and factors of 39 U.S.C. 3622, 

and claims the program ‘‘[t]o a large 

extent * * * does not substantially alter 

the degree to which First-Class Mail and 

Standard Mail prices already address’’ 

the objectives and factors. Id. at 5–7. In 

particular, the Postal Service contends 

the program is an example of the 

increased pricing flexibility under the 

Postal Accountability and Enhancement 

Act (objective 4), and provides an 

incentive for profitable new mail that 

will enhance the financial position of 

the Postal Service (objective 5). Id. at 5. 

Similarly, the Postal Service contends 

that the program encourages increased 

mail volume (factor 7) and will not 

imperil the ability of First-Class Mail or 

Standard Mail to cover its attributable 

costs (factor 2). Id. at 7.The Postal 

Service states that this program will not 

impact current workshare discounts. Id. 

at 8. The Postal Service states that it 

does not expect participation in the 

program to be of a magnitude that 

would ‘‘cause a material impact on the 

differential between commercial and 

nonprofit pieces in Standard Mail.’’ Id. 

Mail Classification Schedule (MCS). 

The Postal Service provides proposed 

MCS language in Appendix A of its 

Notice. It outlines the proposed changes 

in the MCS for the relevant products. Id. 

Appendix A. 

III. Commission Action 

The Commission establishes Docket 

No. R2011–5 to consider all matters 

related to the Notice. The Commission’s 

rules provide for a 20-day comment 

period starting from the date of the 

filing of the Notice. See 39 CFR 


srobinson on DSKHWCL6B1PROD with NOTICES
22158 Federal Register / Vol. 76, No. 76 / Wednesday, April 20, 2011 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3A Complex Order is any order involving the 

simultaneous purchase and/or sale of two or more 

different options series in the same underlying 

security, priced at a net debit or credit based on the 

relative prices of the individual components, for the 

same account, for the purpose of executing a 

particular investment strategy. Furthermore, a 

Complex Order can also be a stock-option order, 

which is an order to buy or sell a stated number 

of units of an underlying stock or ETF coupled with 

the purchase or sale of options contract(s). See 

Exchange Rule 1080, Commentary .08(a)(i). 

4SPY options are based on the SPDR exchangetraded fund (‘‘ETF’’), which is designed to track the 

performance of the S&P 500 Index. 

3010.13(a)(5). Interested persons may 

express views and offer comments on 

whether the planned changes are 

consistent with the policies of 39 U.S.C. 

3622 and 39 CFR part 3010. Comments 

are due no later than May 2, 2011. 

The Commission appoints Natalie Rea 

to represent the interests of the general 

public in this proceeding. 

IV. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. R2011–5 to consider matters raised 

by the Postal Service’s April 12, 2011 

filing. 

2. Interested persons may submit 

comments on the planned price 

adjustments. Comments are due May 2, 

2011. 

3. Pursuant to 39 U.S.C. 505, Natalie 

Rea is appointed to serve as officer of 

the Commission (Public Representative) 

to represent the interests of the general 

public in this proceeding. 

4. The Commission directs the 

Secretary to arrange for prompt 

publication of this notice in the Federal 

Register. 

By the Commission. 

Ruth Ann Abrams, 

Acting Secretary. 

[FR Doc. 2011–9543 Filed 4–19–11; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–64300; File No. SR–Phlx– 

2011–52] 

Self-Regulatory Organizations; Notice 

of Filing and Immediate Effectiveness 

of Proposed Rule Change by NASDAQ 

OMX PHLX LLC Relating to Rebates 

and Fees for Customer Complex 

Orders 

April 14, 2011. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 19b–4 thereunder,2

notice is hereby given that, on April 8, 

2011, NASDAQ OMX PHLX LLC (‘‘Phlx’’ 

or ‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III below, which Items have been 

prepared by the Exchange. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to amend its 

Complex Order 3 Fees in Section I of its 

Fee Schedule titled ‘‘Rebates and Fees 

for Adding and Removing Liquidity in 

Select Symbols.’’ 

While changes to the Fee Schedule 

pursuant to this proposal are effective 

upon filing, the Exchange has 

designated these changes to be operative 

on April 11, 2011. 

The text of the proposed rule change 

is available on the Exchange’s Web site 

at http://nasdaqtrader.com/

micro.aspx?id=PHLXfilings, at the 

principal office of the Exchange, at the 

Commission’s Public Reference Room, 

and on the Commission’s Web site at 

http://www.sec.gov. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of the proposed rule 

change is to amend Section I, Part B of 

the Exchange’s Fee Schedule, titled 

‘‘Complex Order’’ to: (i) Pay a Customer 

Complex Order Rebate for Adding 

Liquidity of $0.25 per contract for 

options overlying the iShares Russell 

2000 Index (‘‘IWM’’); and (ii) waive the 

Customer Complex Order Fee for 

Removing Liquidity for options 

overlying Standard and Poor’s 

Depositary Receipts/SPDRs (‘‘SPY’’) 4; 

the PowerShares QQQ Trust (‘‘QQQ’’)®; 

and Apple, Inc. (‘‘AAPL’’) [sic]. The 

Exchange is proposing these 

amendments to the Fee Schedule in 

order to continue to attract additional 

Customer order flow. 

Complex Order Rebate for Adding 

Liquidity 

Currently, the Exchange pays the 

following Complex Order Rebates for 

Adding Liquidity in the Select Symbols: 

Customer Directed 

participant 

Specialist, 

ROT, SQT 

and RSQT 

Firm Broker-dealer Professional 

Rebate for Adding Liquidity in all Select 

Symbols except SPY, QQQ and AAPL $0.24 $0.00 $0.00 $0.00 $0.00 $0.00 

Rebate for Adding Liquidity for SPY, 

QQQ and AAPL .................................... 0.25 0.00 0.00 0.00 0.00 0.00 


srobinson on DSKHWCL6B1PROD with NOTICES