Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices 1277 

2 Docket No. ACR2010, Order No. 1427, Order on 

Remand, August 9, 2012. 

applied in preparing the FY 2012 ACD 

so that the Postal Service can ascertain 

that it has the most up-to-date models 

when it prepares the FY 2013 ACR. Id. 

at 6. 

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 2012 CRA or 

ICRA. Id. at 7. 

The FY 2012 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 2012 

incentive programs. Id. at 7–32. In 

addition, in response to Order No. 

1427,2 the Postal Service also provides 

a schedule of future price increases for 

Standard Mail Flats. Id. at 15–19. 

Market dominant negotiated service 

agreements. The FY 2012 ACR presents 

information on market dominant 

negotiated service agreements (NSAs). 

Id. at 32. Although there were two 

market dominant NSAs in effect for FY 

2012, Discover Financial Services and 

Valassis, 2012 mailings were only made 

under the Discover Financial Services 

NSA and no 2012 data are available for 

the Valassis NSA. Full information 

regarding the Discover Financial 

Services NSA appears in Library 

Reference USPS–FY12–30. Id. 

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–FY12–29. Id. at 

34. The Postal Service says it set 

aggressive on-time targets of 90 percent 

or above for all market dominant 

products and, overall, has been 

successful in continuously improving 

these scores. It asserts that its targets 

have already been met or exceeded for 

some products and in some districts, but 

says there are several instances where 

target scores have not yet been met at 

the national level. Specific reasons for 

these results are discussed in Library 

Reference USPS–FY12–29. Id. at 34. 

Customer satisfaction. The FY 2012 

ACR discusses the Postal Service’s 

approach for measuring customer 

experience and satisfaction; describes 

the methodology; presents a table with 

survey results; and compares the results 

from FY 2011 to FY 2012. Id. at 35–36. 

Competitive products. The FY 2012 

ACR provides costs, revenues, and 

volumes for competitive products of 

general applicability in the FY 2012 

CRA or ICRA. For competitive products 

not of general applicability, data are 

provided in non-public Library 

References USPS–FY12–NP2 and 

USPS–FY12–NP27. The FY 2012 ACR 

also addresses the competitive product 

pricing standards of 39 U.S.C. 3633. Id. 

at 38–43. 

Market tests; nonpostal services. The 

Postal Service also addresses the four 

market dominant market tests 

conducted during FY 2012, the single 

competitive market test conducted 

during FY 2012, and nonpostal services. 

Id. at 44–46. With respect to the latter, 

it notes that on December 11, 2012, the 

Commission issued Order No. 1575 

approving Mail Classification Schedule 

(MCS) descriptions and prices for 

nonpostal service products. The 

approved MCS includes 11 nonpostal 

service products, two of which are 

market dominant and nine of which are 

competitive. Id. at 45. It has provided 

revenue, cost, and volume data for the 

two market dominant nonpostal service 

products. Id. at 45–46. 

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 2012 ACR and on whether any rates 

or fees in effect during FY 2012 (for 

products individually or collectively) 

were not in compliance with applicable 

provisions of chapter 36 of title 39 (or 

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 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; progress 

toward goals established in the annual 

Comprehensive Statement; and such 

other matters that may be relevant to the 

Commission’s review. Comments on 

these topics will, inter alia, assist the 

Commission in developing appropriate 

recommendations to the Postal Service 

related to the protection or promotion of 

the public policy objectives of title 39. 

Access to filing. The Commission has 

posted the publicly available portions of 

the FY 2012 ACR on its Web site at 

http://www.prc.gov. 

Comment deadlines. Comments by 

interested persons are due on or before 

February 1, 2013. Reply comments are 

due on or before February 15, 2013. The 

Commission, upon completion of its 

review of the FY 2012 ACR, public 

comments, and other data and 

information submitted in this 

proceeding, will issue its ACD. Those 

needing assistance filing electronically 

may contact the Docket Section 

supervisor at 202–789–6846 or via email 

at prc-dockets@prc.gov. Inquiries about 

access to non-public materials should 

also be directed to the Docket Section. 

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 their designated capacity. 

IV. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. ACR2012 to consider matters raised 

by the United States Postal Service’s FY 

2012 Annual Compliance Report. 

2. Pursuant to 35 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 2012 Annual 

Compliance Report to the Commission, 

including the Comprehensive Statement 

of Postal Operations and other reports, 

are due on or before February 1, 2013. 

4. Reply comments are due on or 

before February 15, 2013. 

5. The Secretary shall arrange for 

publication of this order in the Federal 

Register. 

By the Commission. 

Shoshana M. Grove, 

Secretary. 

[FR Doc. 2013–00094 Filed 1–7–13; 8:45 am] 

BILLING CODE 7710–FW–P 

POSTAL SERVICE 

International Product Change—Global 

Expedited Package Services—NonPublished Rates 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 


srobinson on DSK4SPTVN1PROD with 
1278 Federal Register / Vol. 78, No. 5 / Tuesday, January 8, 2013 / Notices 

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

2 17 CFR 240.19b–4. 

3Securities Exchange Act Release No. 68245 

(November 15, 2012), 77 FR 69913 (November 21, 

2012). 

4A Pool Instruct is an input used by a member 

to submit pool details directly into the Real-Time 

Trade Matching ® (‘‘RTTM®’’) system for bilateral 

matching and assignment to a corresponding open 

TBA position as a prerequisite to the pool netting 

process. 

5See MBSD Rule 8 Section 3. 

6See MBSD Rule 1, Definitions. 

7 ‘‘Purchase and Sale Report’’ is defined as the 

report furnished by the Corporation reflecting a 

member’s Compared Trades in Eligible Securities.’’ 

See MBSD Rule 1, Definitions. 

8 ‘‘Open Commitment Report’’ is defined as the 

report furnished by the Corporation to members 

reflecting such member’s open commitments in the 

Clearing System. See MBSD Rule 1, Definitions. 

SUMMARY: The Postal Service gives 

notice of filing a request with the Postal 

Regulatory Commission to add Global 

Expedited Package Services—NonPublished Rates 4 (GEPS–NPR 4) to the 

Competitive Products List. 

DATES: Effective date: January 8, 2013. 

FOR FURTHER INFORMATION CONTACT: 

Patricia A. Fortin, 202–268–8785. 

SUPPLEMENTARY INFORMATION: The 

United States Postal Service® hereby 

gives notice that, pursuant to 39 U.S.C. 

3642, on December 21, 2012, it filed 

with the Postal Regulatory Commission 

a Request of the United States Postal 

Service to add Global Expedited 

Package Services—Non-Published Rates 

4 (GEPS–NPR 4) to the Competitive 

Products List and Notice of Filing 

GEPS–NPR 4 Model Contract and 

Application for Non-public Treatment 

of Materials Filed Under Seal. 

Documents are available at 

www.prc.gov, Docket Nos. MC2013–27 

and CP2013–35. 

Stanley F. Mires, 

Attorney, Legal Policy & Legislative Advice. 

[FR Doc. 2013–00074 Filed 1–7–13; 8:45 am] 

BILLING CODE 7710–12–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–68533; File No. SR–NYSE– 

2012–74] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change Extending the 

Bond Trading License and the Bond 

Liquidity Provider Pilot Program 

December 21, 2012. 

Correction 

In notice document 2012–31260, 

appearing on pages 77166–77167 in the 

issue of Monday, December 31, 2012, 

make the following correction: 

On page 77166, in the second column, 

the Release No. and the File No., are 

corrected to read as set forth above. 

[FR Doc. C1–2012–31260 Filed 1–7–13; 8:45 am] 

BILLING CODE 1505–01–D 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–68555; File No. SR–FICC– 

2012–07] 

Self-Regulatory Organizations; Fixed 

Income Clearing Corporation; Order 

Approving Proposed Rule Change 

Relating to Enhancements That the 

Mortgage-Backed Securities Division 

Intends To Implement to its Services 

and Certain Other Clarifications and 

Corrections to Its Rules 

January 2, 2013. 

I. Introduction 

On November 6, 2012, the Fixed 

Income Clearing Corporation (‘‘FICC’’ or 

the ‘‘Corporation’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) proposed rule change 

SR–FICC–2012–07 pursuant to Section 

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

of 1934 (‘‘Act’’) 1 and Rule 19ba–4 

thereunder.2 The proposed rule change 

was published for comment in the 

Federal Register on November 21, 

2012.3 No comments letters were 

received on the proposed rule change. 

This order approves the proposed rule 

change. 

II. Description 

The proposed rule change relates to 

certain enhancements that the MortgageBacked Securities Division (‘‘MBSD’’) of 

FICC intends to implement to its 

services. In addition, FICC proposes to 

make certain corrections and 

clarifications to the MBSD Rules. As 

noted below, some of the proposed 

changes do not require revisions to the 

MBSD Rules. 

1. Expansion of Pool Netting To Include 

Pool Instructs From the Previous 

Settlement Months 

MBSD proposed to further extend 

pool netting benefits to its members by 

capturing Pool Instructs 4 submitted for 

allocations made after the traded pool’s 

settlement month has passed. The 

proposed changes allow more activity 

into the pool net which results in fewer 

settlements. 

Currently, MBSD’s pool netting 

process only nets Pool Instructs for the 

current delivery date if their 

corresponding contractual settlement 

dates (‘‘CSD’’) are also in the current 

month.5 For example, with respect to a 

delivery date of August 14, 2012, 

MBSD’s pool netting process would 

only net Pool Instructs having a CSD 

ranging from August 1, 2012 through 

August 14, 2012 and having a delivery 

date of August 14, 2012. As such, only 

Pool Instructs having a CSD in the 

current month will be included in pool 

netting. 

The proposed new process will net 

Pool Instructs from previous settlement 

months that are submitted for delivery 

dates in the current month. For 

example, if we assume that today is 

August 13, 2012, and a member submits 

multiple Pool Instructs all having a CSD 

equal to July 12, 2012 and a delivery 

date equal to August 14, 2012, on the 

evening of August 13th, these Pool 

Instructs would be netted against each 

other to arrive at a single pool net 

settlement position for the July 12, 2012 

CSD and August 14th delivery date. 

The proposed changes do not require 

revisions to the text of the MBSD Rules. 

2. Notification of Settlement for 

Specified Pool Trades 

A Notification of Settlement (‘‘NOS’’) 

is an instruction submitted to the 

Corporation by a purchasing or selling 

clearing member which reflects the 

settlement of a Settlement Balance 

Order Trade, Trade-for-Trade 

Transaction or Specified Pool Trade 

(‘‘SPT’’).6 MBSD is proposing to change 

the manner in which NOS processing 

occurs for SPTs so that it follows similar 

processing rules as those applied to 

NOS for Settlement Balance Order 

Trades and Trade-for-Trade 

Transactions. 

Currently, MBSD Rule 10 Section 2 

states that the trade details for a NOS 

submitted by both parties of a SPT must 

fully match in order for the clearance of 

the SPTs to be reflected on the 

member’s Purchase and Sale Report 7 or 

both parties must submit a cancellation 

of the transaction in order for the 

transaction to be deleted from each 

party’s respective Open Commitment 

Report.8

MBSD proposed to enhance the NOS 

for SPTs by no longer requiring the 

current face value submitted on each 


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