Federal Register / Vol. 76, No. 154 / Wednesday, August 10, 2011 / Notices 49511 

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

2Securities Exchange Act Release No. 64769 

(June 29, 2011), 76 FR 39463 (July 6, 2011). 

3FOSS was created in 1983 to remove moneyonly settlement activity, which prior to that time 

was included in ESS, from ESS in order to facilitate 

what was then NSCC’s guaranty of settlement of 

securities transactions processed through ESS. The 

guaranty of ESS settlement was in effect from 1983 

until 2010. Exchange Act Release No. 61618 (March 

1, 2010) (File No. SR–NSCC–2010–01), 75 FR 10542 

(March 8, 2010). 

agencies with an opportunity to 

comment on proposed and/or 

continuing collections of information in 

accordance with the Paperwork 

Reduction Act of 1995 (PRA95) [44 

U.S.C. 3506(c)(A)]. This program helps 

to ensure that requested data can be 

provided in the desired format, 

reporting burden (time and financial 

resources) is minimized, collection 

instruments are clearly understood, and 

the impact of collection requirements on 

respondents can be properly assessed. 

Currently, the NEA is soliciting 

comments concerning the proposed 

information collection on grant 

applicant satisfaction with application 

guidance and materials provided on the 

NEA Web site and by NEA staff. A copy 

of the current information collection 

request can be obtained by contacting 

the office listed below in the address 

section of this notice. 

DATES: Written comments must be 

submitted to the office listed in the 

address section below on or before 

October 8, 2011. The NEA is 

particularly interested in comments 

which: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information 

including the validity of the 

methodology and assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submissions 

of responses. 

ADDRESSES: Sunil Iyengar, National 

Endowment for the Arts, 1100 

Pennsylvania Avenue, NW., Room 616, 

Washington, DC 20506–0001, telephone 

(202) 682–5424 (this is not a toll-free 

number), fax (202) 682–5677. 

Kathleen Edwards, 

Director, Administrative Services, National 

Endowment for the Arts. 

[FR Doc. 2011–20255 Filed 8–9–11; 8:45 am] 

BILLING CODE 7537–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. N2011–1; Order No. 778] 

Postal Service Initiative on Retail 

Postal Locations 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice; correction. 

SUMMARY: The Postal Regulatory 

Commission published a notice in the 

Federal Register of August 4, 2011 

concerning a Postal Service request for 

an advisory opinion on an initiative 

involving examination of the 

continuation of service at postal retail 

locations. The procedural schedule 

included an incorrect date for the close 

of discovery on the Postal Service’s 

direct case. 

FOR FURTHER INFORMATION CONTACT: 

Stephen L. Sharfman, General Counsel, 

202–789–6820 or 

stephen.sharfman@prc.gov. 

Correction 

In the Federal Register of August 4, 

2011, FR Doc. 2011–19725, on page 

47276, in the Procedural Schedule table 

appearing after the signature block, 

correct the second line in the left-hand 

column to read: 

August 30, 2011 Close of discovery on 

Postal Service direct 

case. 

Dated: August 4, 2011. 

Ruth Ann Abrams, 

Acting Secretary. 

[FR Doc. 2011–20196 Filed 8–9–11; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–65032; File No. SR–NSCC– 

2011–04] 

Self-Regulatory Organizations; The 

National Securities Clearing 

Corporation; Order Granting Approval 

of a Proposed Rule Change To Amend 

Rules Relating To Discontinuing 

Dividend Settlement Service, Funds 

Only Settlement Service, Data 

Distribution Box Services, and 

Changes to the Envelope Settlement 

Service 

August 4, 2011. 

I. Introduction 

On June 15, 2011, The National 

Securities Clearing Corporation 

(‘‘NSCC’’) filed proposed rule change 

SR–NSCC–2011–04 with the Securities 

and Exchange Commission 

(‘‘Commission’’) pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’).1 Notice of the proposed 

rule change was published in the 

Federal Register on July 6, 2011.2 The 

Commission received no comment 

letters. For the reasons discussed below, 

the Commission is granting approval of 

the proposed rule change. 

II. Description 

As operated prior to this rule change, 

the Dividend Settlement Service 

(‘‘DSS’’), the Funds Only Settlement 

Service (‘‘FOSS’’), and the Envelope 

Settlement Service (‘‘ESS’’) were nonguaranteed services of NSCC through 

which NSCC members were able to 

exchange physical envelopes through a 

centralized location at NSCC. Pursuant 

to Rule 43 of NSCC’s Rules and 

Procedures, DSS centralized claims 

processing for collection and payment 

of dividends and interest between NSCC 

members through the exchange of 

envelopes through the facilities of 

NSCC. Pursuant to Rule 41 of NSCC’s 

Rules and Procedures, FOSS centralized 

money-only settlements for NSCC 

members through the exchange of 

paperwork delivered to and received by 

NSCC members through NSCC’s 

facilities.3 Pursuant to Rule 9 and 

Addendum D of NSCC’s Rules and 

Procedures, ESS allowed an NSCC 

member to physically deliver a sealed 

envelope containing securities and such 

other items as NSCC from time to time 

permitted to a specified NSCC member. 

The money settlement associated with 

ESS, DSS, and FOSS transactions 

occurred through NSCC’s end-of-day 

settlement process. 

A. Consolidation and Elimination of 

Certain Services 

The use of each of these services has 

steadily declined in recent years due to 

increased dematerialization of securities 

and automation of transaction 

processing. In light of this decline and 

the elimination of the guaranty of ESS 

transactions, NSCC is amending its rules 

to discontinue the separate DSS and 

FOSS services and to allow members to 


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