22824 Federal Register / Vol. 77, No. 74 / Tuesday, April 17, 2012 / Notices 

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

2 17 CFR 240.19b–4. 

3Exchange professional and voluntary 

professional trading volume has increased from 

49,313 contract sides in February 2009 to 3,420,160 

contract sides in February 2012. 

4See NYSE Amex LLC (‘‘Amex’’) Fee Schedule, 

which assesses professional customers a $0.25 per 

contract fee for manual executions and a $0.23 per 

contract fee for electronic executions. 

Friday, May 4 at 10:30 a.m. (Closed— 

if needed) 

1. Continuation of Thursday’s closed 

session agenda. 

CONTACT PERSON FOR MORE INFORMATION: 

Julie S. Moore, Secretary of the Board, 

U.S. Postal Service, 475 L’Enfant Plaza 

SW., Washington, DC 20260–1000. 

Telephone (202) 268–4800. 

Julie S. Moore, 

Secretary. 

[FR Doc. 2012–9394 Filed 4–13–12; 4:15 pm] 

BILLING CODE 7710–12 P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold a Closed Meeting 

on Thursday, April 19, 2012 at 2 p.m. 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the Closed Meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

The General Counsel of the 

Commission, or his designee, has 

certified that, in his opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (7), 9(B), and (10) 

and 17 CFR 200.402(a)(3), (5), (7), 9(ii), 

and (10), permit consideration of the 

scheduled matters at the Closed 

Meeting. 

Commissioner Gallagher, as duty 

officer, voted to consider the items 

listed for the Closed Meeting in a closed 

session, and determined that no earlier 

notice thereof was possible. 

The subject matter of the Closed 

Meeting scheduled for Thursday, April 

19, 2012 will be: 

Institution and settlement of injunctive 

actions; 

Institution and settlement of administrative 

proceedings; 

Other matters relating to enforcement 

proceedings; 

A litigation matter; and 

An opinion. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have been 

added, deleted, or postponed, please 

contact: The Office of the Secretary at 

(202) 551–5400. 

Dated: April 13, 2012. 

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–9304 Filed 4–13–12; 11:15 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66784; File No. SR–CBOE– 

2012–035] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend Its Fees 

Schedule 

April 11, 2012. 

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

Securities Exchange Act of 1934 (the 

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

notice is hereby given that on April 2, 

2012, the Chicago Board Options 

Exchange, Incorporated (the ‘‘Exchange’’ 

or ‘‘CBOE’’) filed with the Securities 

and Exchange Commission (the 

‘‘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 

Fees Schedule. The text of the proposed 

rule change is available on the 

Exchange’s Web site (http:// 

www.cboe.com/AboutCBOE/ 

CBOELegalRegulatoryHome.aspx), at 

the Exchange’s Office of the Secretary, 

and at the Commission’s Public 

Reference Room. 

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 Exchange proposes to amend its 

Fees Schedule. Specifically, the 

Exchange proposes to increase 

voluntary professional and professional 

transaction fees for equity options and 

index, ETF, ETN and HOLDRs options 

(aside from OEX, XEO, SPXW and 

Volatility Indexes) from $0.20 per 

contract to $0.25 per contract (with the 

exception of transactions executed as 

Qualified Contingent Cross (‘‘QCC’’) 

trades or transactions executed through 

the Exchange’s Automated Improvement 

Mechanism (‘‘AIM’’) when the 

professional or voluntary professional is 

on the Agency/Primary side). The fees 

for QCC and AIM Agency/Primary 

transactions will remain $0.20 per 

contract, (the same amount assessed to 

broker-dealers for such transactions). 

This change is proposed due to 

competitive reasons and to better reflect 

the costs associated with supporting a 

larger number of option classes, option 

series, and overall transaction volumes 

that have grown over time. Moreover, 

professional and voluntary professional 

trading volume has increased heavily 

over the past three years,3 and the 

Exchange has therefore had to 

continually invest in software, hardware 

and personnel. Also, this $0.25 per 

contract fee is in line with similar fees 

offered on other exchanges,4 and the 

Exchange believes professional and 

voluntary professional customers can 

bear this increased fee. 

Because the regular voluntary 

professional and professional 

transaction fees discussed herein will be 

different from those for AIM Agency/ 

Primary transactions, the Exchange also 

proposes to amend footnote (19) of the 

Fees Schedule to reflect the fact that the 

AIM Agency/Primary fee applies to 

voluntary professional and professional 

transactions. 

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the Act 

and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 


wreier-aviles on DSK5TPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 74 / Tuesday, April 17, 2012 / Notices 22825 

5 15 U.S.C. 78f(b). 

6 15 U.S.C. 78f(b)(4). 

7See Note 3. 

8See Note 4. 

9 15 U.S.C. 78s(b)(3)(A). 

10 17 C.F.R. 240.19b–4(f). 

11 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

Section 6(b) of the Act.5 Specifically, 

the Exchange believes the proposed rule 

change is consistent with Section 6(b)(4) 

of the Act 6, which provides that 

Exchange rules may provide for the 

equitable allocation of reasonable dues, 

fees, and other charges among its 

Trading Permit Holders and other 

persons using its facilities. The 

proposed increases in voluntary 

professional and professional fees are 

reasonable because of the growth in 

professional and voluntary professional 

trading volume.7 This growth requires 

the Exchange to continually invest in 

software, hardware and personnel, the 

cost of which can reasonably be 

expected to be borne by these 

professional and voluntary professional 

market participants that cause these 

investments. 

The Exchange believes the proposed 

increases in voluntary professional and 

professional fees are equitable and not 

unfairly discriminatory because the fees 

as noted are generally tied to an overall 

increase in activity on the Exchange. 

This heightened activity results in 

greater costs to the Exchange, which in 

turn is being passed back through to 

those participants who utilize the 

resources of the Exchange. Further, 

these increased fees will be applied 

equally to all market participants to 

whom they apply, and are in line with 

similar fees offered on other exchanges.8

Maintaining $0.20 per contract 

voluntary professional and professional 

fees for contracts executed through QCC 

transactions or AIM is equitable and not 

unfairly discriminatory because this is 

the same amount as is being assessed to 

broker-dealers for QCC or AIM 

transactions (broker-dealers being 

similarly-situated as voluntary 

professionals and professionals for these 

purposes). 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

CBOE does not believe that the 

proposed rule change will impose any 

burden on competition that is not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received from 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The foregoing rule change has become 

effective pursuant to Section 

19(b)(3)(A) 9 of the Act and paragraph (f) 

of Rule 19b–4 10 thereunder. At any time 

within 60 days of the filing of the 

proposed rule change, the Commission 

summarily may temporarily suspend 

such rule change if it appears to the 

Commission that such action is 

necessary or appropriate in the public 

interest, for the protection of investors, 

or otherwise in furtherance of the 

purposes of the Act. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rulecomments@sec.gov. Please include File 

Number SR–CBOE–2012–035 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–CBOE–2012–035. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. All comments received will 

be posted without change; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–CBOE– 

2012–035 and should be submitted on 

or before May 8, 2012. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

Kevin M. O’Neill, 

Deputy Secretary. 

[FR Doc. 2012–9141 Filed 4–16–12; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–66786; File No. SR–CME– 

2012–10] 

Self-Regulatory Organizations; 

Chicago Mercantile Exchange Inc.; 

Notice of Filing and Order Granting 

Accelerated Approval of Proposed 

Rule Change Regarding Acceptance of 

Additional Interest Rate Swaps and 

Related Interbank Rates for Clearing 

April 11, 2012. 

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 March 30, 

2012, the Chicago Mercantile Exchange 

Inc. (‘‘CME’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change described in Items I and II 

below, which items have been prepared 

primarily by CME. The Commission is 

publishing this Notice and Order to 

solicit comments on the proposed rule 

change from interested persons and to 

approve the proposed rule change on an 

accelerated basis. 

I. Self-Regulatory Organization’s 

Statement of Terms of Substance of the 

Proposed Rule Change 

CME proposes to amend its rules 

related to its business as a derivatives 

clearing organization offering interest 

rate swap (‘‘IRS’’) clearing services. 

More specifically, the proposed rule 

changes would facilitate the acceptance 

of Japanese Yen (‘‘JPY’’), Swiss Franc 

(‘‘ZHF’’), and Australian Dollar (‘‘AUD’’) 


wreier-aviles on DSK5TPTVN1PROD with NOTICES