582 Federal Register / Vol. 86, No. 3 / Wednesday, January 6, 2021 / Notices 

1United States Postal Service FY 2020 Annual 

Compliance Report, December 29, 2020, at 1 (FY 

2020 ACR). Public portions of the Postal Service’s 

filing are available on the Commission’s website at: 

http://www.prc.gov. 

I. Obtaining Information and 

Submitting Comments 

A. Obtaining Information 

Please refer to Docket ID NRC–2020– 

0024 when contacting the NRC about 

the availability of information for this 

action. You may obtain publicly 

available information related to this 

action by any of the following methods: 

• Federal Rulemaking Website: Go to 

https://www.regulations.gov and search 

for Docket ID NRC–2020–0024. 

• NRC’s Agencywide Documents 

Access and Management System 

(ADAMS): You may obtain publicly 

available documents online in the 

ADAMS Public Documents collection at 

https://www.nrc.gov/reading-rm/ 

adams.html. To begin the search, select 

‘‘Begin Web-based ADAMS Search.’’ For 

problems with ADAMS, please contact 

the NRC’s Public Document Room (PDR) 

reference staff at 1–800–397–4209, 301– 

415–4737, or by email to pdr.resource@

nrc.gov. A copy of the collection of 

information and related instructions 

may be obtained without charge by 

accessing ADAMS Accession No. 

ML20310A196. 

• Attention: The PDR, where you may 

examine and order copies of public 

documents is currently closed. You may 

submit your request to the PDR via 

email at pdr.resource@nrc.gov or call 1– 

800–397–4209 between 8:00 a.m. and 

4:00 p.m. (EST), Monday through 

Friday, except Federal holidays. 

• NRC’s Clearance Officer: A copy of 

the collection of information and related 

instructions may be obtained without 

charge by contacting the NRC’s 

Clearance Officer, David Cullison, 

Office of the Chief Information Officer, 

U.S. Nuclear Regulatory Commission, 

Washington, DC 20555–0001; telephone: 

301–415–2084; email: 

Infocollects.Resource@nrc.gov. 

B. Submitting Comments 

The NRC encourages electronic 

comment submission through the 

Federal Rulemaking website (https://

www.regulations.gov). Please include 

Docket ID NRC–2020–0024 in your 

comment submission. 

The NRC cautions you not to include 

identifying or contact information in 

comment submissions that you do not 

want to be publicly disclosed in your 

comment submission. The NRC will 

post all comment submissions at https:// 

www.regulations.gov as well as enter the 

comment submissions into ADAMS. 

The NRC does not routinely edit 

comment submissions to remove 

identifying or contact information. 

If you are requesting or aggregating 

comments from other persons for 

submission to the OMB, then you 

should inform those persons not to 

include identifying or contact 

information that they do not want to be 

publicly disclosed in their comment 

submission. Your request should state 

that comment submissions are not 

routinely edited to remove such 

information before making the comment 

submissions available to the public or 

entering the comment into ADAMS. 

II. Background 

Under the provisions of the 

Paperwork Reduction Act of 1995 (44 

U.S.C. Chapter 35), the NRC recently 

submitted a proposed collection of 

information to OMB for review entitled, 

NRC Form 446, ‘‘Request for Approval 

of International Foreign Travel by NonGovernment Personnel.’’ The NRC 

hereby informs potential respondents 

that an agency may not conduct or 

sponsor, and that a person is not 

required to respond to, a collection of 

information unless it displays a 

currently valid OMB control number. 

The NRC published a Federal Register 

notice with a 60-day comment period on 

this information collection on August 

27, 2020, (85 FR 53023). 

1. The title of the information 

collection: NRC Form 446, ‘‘Request for 

Approval of Official Foreign Travel by 

Non-Government Personnel.’’ 

2. OMB approval number: An OMB 

control number has not yet been 

assigned to this proposed information 

collection. 

3. Type of submission: New. 

4. The form number if applicable: 

NRC Form 446. 

5. How often the collection is required 

or requested: As needed. 

6. Who will be required or asked to 

respond: Individuals who are not 

federal employees or individuals 

requesting official international travel 

on behalf of the NRC that is not being 

requested under the provisions of an 

active NRC contract. 

7. The estimated number of annual 

responses: 1. 

8. The estimated number of annual 

respondents: 1. 

9. An estimate of the total number of 

hours needed annually to comply with 

the information collection requirement 

or request: 1. 

10. Abstract: The information 

collected on NRC Form 446 is required 

to justify and receive approval for 

official international travel by 

individuals who are not federal 

employees or who are not traveling 

under the provisions of an active NRC 

contract. The information collected is 

required to coordinate with and obtain 

approval from the appropriate U.S. 

Department of State Chief of Mission. 

Absent the collected information, the 

official travel may not be approved. 

Dated: December 30, 2020. 

For the Nuclear Regulatory Commission. 

David C. Cullison, 

NRC Clearance Officer, Office of the Chief 

Information Officer. 

[FR Doc. 2020–29195 Filed 1–5–21; 8:45 am] 

BILLING CODE 7590–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. ACR2020; Order No. 5796] 

FY 2020 Annual Compliance Report 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Postal Service has filed 

an Annual Compliance Report on the 

costs, revenues, rates, and quality of 

service associated with its products in 

fiscal year 2020. Within 90 days, the 

Commission must evaluate that 

information and issue its determination 

as to whether rates were in compliance 

with title 39, chapter 36, and whether 

service standards in effect were met. To 

assist in this, the Commission seeks 

public comments on the Postal Service’s 

Annual Compliance Report. 

DATES: Comments are due: February 1, 

2021. Reply Comments are due: 

February 12, 2021. 

ADDRESSES: Submit comments 

electronically via the Commission’s 

Filing Online system at http://

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. Overview of the Postal Service’s FY 2020 

ACR 

III. Procedural Steps 

IV. Ordering Paragraphs 

I. Introduction 

On December 29, 2020, the United 

States Postal Service (Postal Service) 

filed with the Commission its Annual 

Compliance Report (ACR) for fiscal year 

(FY) 2020, pursuant to 39 U.S.C. 3652.1


jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 3 / Wednesday, January 6, 2021 / Notices 583 

2 In years prior to 2013, the Commission reviewed 

the Postal Service’s reports prepared pursuant to 39 

U.S.C. 2803 and 39 U.S.C. 2804 (filed as the 

Comprehensive Statement by the Postal Service) in 

its ACD. However, as it has for the past several 

years, the Commission intends to issue a separate 

notice soliciting comments on the comprehensive 

statement and provide its related analysis in a 

separate report from the ACD. 

3 Docket No. ACR2010, Annual Compliance 

Determination, March 29, 2011, at 106–107 (FY 

2010 ACD). 

4 Id. at 23; see Docket No. RM2018–1, Order 

Adopting Final Rules on Reporting Requirements 

Related to Flats, May 8, 2019 (Order No. 5086). 

Section 3652 requires submission of 

data and information on the costs, 

revenues, rates, and quality of service 

associated with postal products within 

90 days of the closing of each fiscal 

year. In conformance with other 

statutory provisions and Commission 

rules, the ACR includes the Postal 

Service’s FY 2020 Comprehensive 

Statement, its FY 2020 annual report to 

the Secretary of the Treasury on the 

Competitive Products Fund, and certain 

related Competitive Products Fund 

material. See respectively, 39 U.S.C. 

3652(g), 39 U.S.C. 2011(i), and 39 CFR 

3060.20–23. In line with past practice, 

some of the material in the FY 2020 

ACR appears in non-public annexes. 

The filing begins a review process that 

results in an Annual Compliance 

Determination (ACD) issued by the 

Commission to determine whether 

Postal Service products offered during 

FY 2020 were in compliance with 

applicable title 39 requirements. 

II. Overview of the Postal Service’s FY 

2020 ACR 

Contents of the filing. The Postal 

Service’s FY 2020 ACR consists of a 75- 

page narrative; extensive additional 

material appended as separate folders 

and identified in Attachment One; and 

an application for non-public treatment 

of certain materials, along with 

supporting rationale, filed as 

Attachment Two. The filing also 

includes the Comprehensive 

Statement,2 Report to the Secretary of 

the Treasury, and information on the 

Competitive Products Fund filed in 

response to Commission rules. This 

material has been filed electronically 

with the Commission. 

Scope of the filing. The material 

appended to the narrative consists of: 

(1) Domestic product costing material 

filed on an annual basis summarized in 

the Cost and Revenue Analysis (CRA); 

(2) comparable international costing 

material summarized in the 

International Cost and Revenue 

Analysis (ICRA); (3) worksharing-related 

cost studies; and (4) billing determinant 

information for both domestic and 

international mail. FY 2020 ACR at 2– 

3. Inclusion of these four data sets is 

consistent with the Postal Service’s past 

ACR practices. As with past ACRs, the 

Postal Service has split certain materials 

into public and non-public versions. Id. 

at 3. 

‘‘Roadmap’’ document. A roadmap to 

the FY 2020 ACR can be found in 

Library Reference USPS–FY20–9. This 

document provides brief descriptions of 

the materials submitted, as well as the 

flow of inputs and outputs among them; 

a discussion of differences in 

methodology relative to Commission 

methodologies in last year’s ACD; and a 

list of special studies and a discussion 

of obsolescence, as required by 

Commission rule 3050.12. Id. at 3–4. 

Methodology. The Postal Service 

states that it has adhered to the 

methodologies historically used by the 

Commission subject to changes 

identified and discussed in Library 

Reference USPS–FY20–9 and in 

prefaces accompanying the appended 

folders. Id. at 4. 

Market dominant product-by-product 

costs, revenues, and volumes. 

Comprehensive cost, revenue, and 

volume data for all market dominant 

products of general applicability are 

shown directly in the FY 2020 CRA or 

ICRA. Id. at 6. 

The FY 2020 ACR includes a 

discussion by class of each market 

dominant product, including costs, 

revenues, and volumes, workshare 

discounts, and passthroughs responsive 

to 39 U.S.C. 3652(b), and FY 2020 

promotions. Id. at 6–35. 

In response to the Commission’s FY 

2010 ACD directives,3 the Postal Service 

states that it is providing information 

regarding its progress in increasing Flats 

prices, implementing operation changes 

aimed at lowering flats costs, 

effectuating costing methodology 

improvements, and phasing out the 

subsidy in Flats. FY 2020 ACR at 21. In 

Docket No. RM2018–1, the Commission 

codified and expanded the first 

directive as Rule 3050.50(f), which 

applies to all flat-shaped mail.4

Accordingly, the Postal Service states 

that the information required by Rule 

3050.50(f) is provided in Library 

Reference USPS–FY2020–45, noting 

that the section titled ‘‘Costing 

Methodology Changes and Subsidy of 

the Flats Product’’ responds to the 

second and third directives. FY 2020 

ACR at 23–26. In addition, the Postal 

Service presented its schedule of aboveaverage price increases for Flats. Id. at 

22. 

Service performance. The Postal 

Service notes that the Commission 

issued rules on periodic reporting of 

service performance measurement and 

customer satisfaction in FY 2010. 

Responsive information appears in 

Library Reference USPS–FY20–29. Id. at 

36. 

Customer satisfaction. The FY 2020 

ACR discusses the Postal Service’s 

approach for measuring customer 

experience and satisfaction; discusses 

survey modifications; describes the 

methodology; presents a table with 

survey results; compares the results 

from FY 2019 to FY 2020; and provides 

information regarding consumer access 

to postal services. Id. at 40–60. 

Competitive products. The FY 2020 

ACR provides costs, revenues, and 

volumes for competitive products of 

general applicability in the FY 2020 

CRA or ICRA. For competitive products 

not of general applicability, data are 

provided in non-public Library 

References USPS–FY20–NP2 and 

USPS–FY20–NP27. Id. at 64. The FY 

2020 ACR also addresses the 

competitive product pricing standards 

of 39 U.S.C. 3633. Id. at 64–71. 

Market tests; nonpostal services. The 

Postal Service discusses three market 

dominant market tests conducted during 

FY 2020 as well as nonpostal services. 

Id. at 72–73. 

III. Procedural Steps 

Statutory requirements. Section 3653 

of title 39 requires the Commission to 

provide interested persons with an 

opportunity to comment on the ACR 

and to appoint an officer of the 

Commission (Public Representative) to 

represent the interests of the general 

public. The Commission hereby solicits 

public comment on the Postal Service’s 

FY 2020 ACR and on whether any rates 

or fees in effect during FY 2020 (for 

products individually or collectively) 

were not in compliance with applicable 

provisions of chapter 36 of title 39 or 

Commission regulations promulgated 

thereunder. Commenters addressing 

market dominant products are referred 

in particular to the applicable 

requirements (39 U.S.C. 3622(d) and (e) 

and 39 U.S.C. 3626); objectives (39 

U.S.C. 3622(b)); and factors (39 U.S.C. 

3622(c)). Commenters addressing 

competitive products are referred to 39 

U.S.C. 3633. 

The Commission also invites public 

comment on the cost coverage matters 

the Postal Service addresses in its filing; 

service performance results; levels of 

customer satisfaction achieved; and 

such other matters that may be relevant 

to the Commission’s review. 

Access to filing. The Commission has 

posted the publicly available portions of 


jbell on DSKJLSW7X2PROD with NOTICES
584 Federal Register / Vol. 86, No. 3 / Wednesday, January 6, 2021 / Notices 

1 12 U.S.C. 5465(e)(1). 

2 17 CFR 240.19b–4(n)(1)(i). 

3On November 20, 2020, FICC filed this Advance 

Notice as a proposed rule change (SR–FICC–2020– 

017) with the Commission pursuant to Section 

19(b)(1) of the Act, 15 U.S.C. 78s(b)(1), and Rule 

19b–4 thereunder, 17 CFR 240.19b–4. A copy of the 

proposed rule change is available at http://

www.dtcc.com/legal/sec-rule-filings.aspx 

(‘‘Proposed Rule Change’’). 

4 12 U.S.C. 5465(e)(1)(H). 

5Capitalized terms not defined herein are defined 

in the MBSD Rules, available at http://

www.dtcc.com/∼/media/Files/Downloads/legal/ 

rules/ficc_mbsd_rules.pdf. 

6Because FICC requested confidential treatment, 

the QRM Methodology was filed separately with the 

Secretary of the Commission as part of proposed 

rule change SR–FICC–2016–007 (the ‘‘VaR Filing’’). 

See Securities Exchange Act Release No. 79868 

(January 24, 2017), 82 FR 8780 (January 30, 2017) 

(SR–FICC–2016–007) (‘‘VaR Filing Approval 

Order’’). FICC also filed the VaR Filing proposal as 

an advance notice pursuant to Section 806(e)(1) of 

the Clearing Supervision Act (12 U.S.C. 5465(e)(1)) 

and Rule 19b–4(n)(1)(i) under the Act (17 CFR 

240.19b–4(n)(1)(i)), with respect to which the 

Commission issued a Notice of No Objection. See 

Securities Exchange Act Release No. 79843 (January 

19, 2017), 82 FR 8555 (January 26, 2017) (SR–FICC– 

2016–801). The QRM Methodology has been 

amended following the VaR Filing Approval Order. 

See Securities Exchange Act Release Nos. 85944 

(May 24, 2019), 84 FR 25315 (May 31, 2019) (SR– 

FICC–2019–001) and 90182 (October 14, 2020) 85 

FR 66630 (October 20, 2020) (SR–FICC–2020–009). 

7 17 CFR 240.24b–2. 

the FY 2020 ACR on its website at: 

http://www.prc.gov. 

Comment deadlines. Comments by 

interested persons are due on or before 

February 1, 2021. Reply comments are 

due on or before February 12, 2021. The 

Commission, upon completion of its 

review of the FY 2020 ACR, comments, 

and other data and information 

submitted in this proceeding, will issue 

its ACD. 

Public Representative. Kenneth E. 

Richardson is designated to serve as the 

Public Representative to represent the 

interests of the general public in this 

proceeding. Neither the Public 

Representative nor any additional 

persons assigned to assist him shall 

participate in or advise as to any 

Commission decision in this proceeding 

other than in his or her designated 

capacity. 

IV. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. ACR2020 to consider matters raised 

by the United States Postal Service’s FY 

2020 Annual Compliance Report. 

2. Pursuant to 39 U.S.C. 505, the 

Commission appoints Kenneth E. 

Richardson as an officer of the 

Commission (Public Representative) in 

this proceeding to represent the 

interests of the general public. 

3. Comments on the United States 

Postal Service’s FY 2020 Annual 

Compliance Report to the Commission 

are due on or before February 1, 2021. 

4. Reply comments are due on or 

before February 12, 2021. 

5. The Secretary shall arrange for 

publication of this Order in the Federal 

Register. 

By the Commission. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2020–29204 Filed 1–5–21; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90834; File No. SR–FICC– 

2020–804] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Notice of 

Filing and Extension of the Review 

Period of an Advance Notice To Modify 

the Calculation of the MBSD VaR Floor 

To Incorporate a Minimum Margin 

Amount 

December 31, 2020. 

Pursuant to Section 806(e)(1) of Title 

VIII of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

entitled the Payment, Clearing, and 

Settlement Supervision Act of 2010 

(‘‘Clearing Supervision Act’’) 1 and Rule 

19b–4(n)(1)(i) under the Securities 

Exchange Act of 1934 (‘‘Act’’),2 notice is 

hereby given that on November 27, 

2020, Fixed Income Clearing 

Corporation (‘‘FICC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the advance notice SR– 

FICC–2020–804 (‘‘Advance Notice’’) as 

described in Items I and II below, which 

Items have been prepared by the 

clearing agency.3 The Commission is 

publishing this notice to solicit 

comments on the Advance Notice from 

interested persons and to extend the 

review period of the Advance Notice for 

an additional 60 days pursuant to 

Section 806(e)(1)(H) of the Clearing 

Supervision Act.4

I. Clearing Agency’s Statement of the 

Terms of Substance of the Advance 

Notice 

This advance notice of Fixed Income 

Clearing Corporation (‘‘FICC’’) is 

attached [sic] hereto as Exhibit 5 and 

consists of a proposal to modify the 

calculation of the VaR Floor (as defined 

below) and the corresponding 

description in the FICC MortgageBacked Securities Division (‘‘MBSD’’) 

Clearing Rules (‘‘MBSD Rules’’) 5 to 

incorporate a ‘‘Minimum Margin 

Amount’’ as described in greater detail 

below. 

The proposal would necessitate 

changes to the Methodology and Model 

Operations Document—MBSD 

Quantitative Risk Model (the ‘‘QRM 

Methodology’’), which is attached 

hereto as Exhibit 5.6 FICC is requesting 

confidential treatment of this document 

and has filed it separately with the 

Secretary of the Commission.7

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Advance Notice 

In its filing with the Commission, the 

clearing agency included statements 

concerning the purpose of and basis for 

the Advance Notice and discussed any 

comments it received on the Advance 

Notice. The text of these statements may 

be examined at the places specified in 

Item IV below. The clearing agency has 

prepared summaries, set forth in 

sections A and B below, of the most 

significant aspects of such statements. 

(A) Clearing Agency’s Statement on 

Comments on the Advance Notice 

Received From Members, Participants, 

or Others 

FICC has not received or solicited any 

written comments relating to this 

proposal. FICC will notify the 

Commission of any written comments 

received by FICC. 

(B) Advance Notice Filed Pursuant to 

Section 806(e) of the Clearing 

Supervision Act 

Description of Proposed Change 

The purpose of the proposed rule 

change is to modify the calculation of 

the VaR Floor and the corresponding 

description in the MBSD Rules to 

incorporate a Minimum Margin 

Amount. 

The proposed changes would 

necessitate changes to the QRM 

Methodology. The proposed changes are 

described in detail below. 

(i) Overview of the Required Fund 

Deposit and Clearing Fund Calculation 

A key tool that FICC uses to manage 

market risk is the daily calculation and 

collection of Required Fund Deposits 

from Clearing Members. The Required 

Fund Deposit serves as each Clearing 

Member’s margin. The aggregate of all 

Clearing Members’ Required Fund 

Deposits constitutes the Clearing Fund 

of MBSD, which FICC would access 

should a defaulting Clearing Member’s 

own Required Fund Deposit be 

insufficient to satisfy losses to FICC 

caused by the liquidation of that 

Clearing Member’s portfolio. 

The objective of a Clearing Member’s 

Required Fund Deposit is to mitigate 


jbell on DSKJLSW7X2PROD with NOTICES