2042 Federal Register / Vol. 90, No. 6 / Friday, January 10, 2025 / Notices 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f). 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. 

If the Commission takes such action, the 

Commission will institute proceedings to determine 

whether the proposed rule change should be 

approved or disapproved. 

Commission rule 39 CFR 3050.12. Id. at 

12–13. 

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–FY24–9 and in 

prefaces accompanying the appended 

folders. Id. at 13. 

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 2024 Cost and 

Revenue Analysis (CRA) or 

International Cost and Revenue 

Analysis (ICRA). Id. The FY 2024 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). Id. 

Service performance. The FY 2024 

ACR contains the Postal Service’s 

discussion of service performance in FY 

2024. Id. at 42–54. Library Reference 

USPS–FY24–29 contains public service 

performance information required under 

39 CFR part 3055 or in response to past 

ACD directives. Id. at 42 n.52. Nonpublic service information related to the 

service performance of international 

mail products appears in Library 

Reference USPS–FY24–NP30. The FY 

2024 ACR also discusses customer 

satisfaction and consumer access to 

postal services, with supporting 

materials appearing in public Library 

References USPS–FY24–38 and USPS– 

FY24–33, respectively. Id. at 54–92. 

Competitive products. The FY 2024 

ACR provides costs, revenues, and 

volumes for Competitive products of 

general applicability in the FY 2024 

CRA or ICRA. Id. at 29. For Competitive 

products not of general applicability, 

data appear in non-public Library 

References USPS–FY24–NP2 and 

USPS–FY24–NP27. Id. The FY 2024 

ACR also addresses the Competitive 

product pricing standards of 39 U.S.C. 

3633. Id. 

Market test. The Postal Service 

describes the market test active during 

FY 2024. Id. at 38–39. 

Nonpostal services and inter-agency 

agreements. The Postal Service 

discusses the nonpostal services and 

inter-agency agreements offered during 

FY 2024. Id. at 39–41. Library Reference 

USPS–FY24–20 contains supporting 

public material, and Library Reference 

USPS–FY24–NP32 contains supporting 

non-public material. 

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 solicits public 

comment on the Postal Service’s FY 

2024 ACR and on whether any rates or 

fees in effect during FY 2024 (for 

products individually or collectively) 

were not in compliance with applicable 

provisions of chapter 36 of title 39 or 

Commission regulations promulgated 

thereunder. 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 

the FY 2024 ACR on its website at 

https://www.prc.gov/. Interested persons 

may request access to non-public 

materials pursuant to 39 CFR 3011.301. 

Comment deadlines. Comments by 

interested persons are due on or before 

January 28, 2025. Reply comments are 

due on or before February 11, 2025. The 

Commission, upon completion of its 

review of the FY 2024 ACR, comments, 

and other data and information 

submitted in this proceeding, will issue 

its ACD. 

Public Representative. Kenneth R. 

Moeller 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. ACR2024 to consider matters raised 

by the United States Postal Service’s FY 

2024 Annual Compliance Report. 

2. Pursuant to 39 U.S.C. 3653(a), the 

Commission appoints Kenneth R. 

Moeller 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 2024 Annual 

Compliance Report to the Commission 

are due on or before January 28, 2025. 

4. Reply comments are due on or 

before February 11, 2025. 

5. The Secretary shall arrange for 

publication of this Order in the Federal 

Register. 

By the Commission. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2025–00149 Filed 1–8–25; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102109; File No. SR– 

NYSEAMER–2024–81] 

Self-Regulatory Organizations; NYSE 

American LLC; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Establish Fees for 

Industry Members Related to 

Reasonably Budgeted CAT Costs of 

the National Market System Plan 

Governing the Consolidated Audit Trail 

for 2025 

January 3, 2025. 

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 December 

20, 2024, NYSE American LLC (‘‘NYSE 

American’’ or the ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Item I below, which Item has been 

substantially prepared by the Exchange. 

The Exchange has designated this 

proposal for immediate effectiveness 

pursuant to Section 19(b)(3)(A) of the 

Act 3 and Rule 19b–4(f) thereunder.4

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 the 

NYSE American Equities Price List 

(‘‘Equities Price List’’) and the NYSE 

American Options Fee Schedule 

(‘‘Options Fee Schedule’’) to establish 


khammond on DSK9W7S144PROD with NOTICES
Federal Register / Vol. 90, No. 6 / Friday, January 10, 2025 / Notices 2043 

5An ‘‘Industry Member’’ is defined as ‘‘a member 

of a national securities exchange or a member of a 

national securities association.’’ See NYSE 

American Rule 6810(u). See also Section 1.1 of the 

CAT NMS Plan. Unless otherwise specified, 

capitalized terms used in this rule filing are defined 

as set forth in the CAT NMS Plan and/or the CAT 

Compliance Rule. See NYSE American Rule 6810. 

6Copies 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 website 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 

SRO. 

7 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f). 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. 

If the Commission takes such action, the 

Commission will institute proceedings to determine 

whether the proposed rule change should be 

approved or disapproved. 

5An ‘‘Industry Member’’ is defined as ‘‘a member 

of a national securities exchange or a member of a 

national securities association.’’ See NYSE Rule 

6810(u). See also Section 1.1 of the CAT NMS Plan. 

Unless otherwise specified, capitalized terms used 

in this rule filing are defined as set forth in the CAT 

NMS Plan and/or the CAT Compliance Rule. See 

NYSE Rule 6810. 

fees for Industry Members 5 related to 

reasonably budgeted CAT costs of the 

National Market System Plan Governing 

the Consolidated Audit Trail (the ‘‘CAT 

NMS Plan’’ or ‘‘Plan’’) for 2025. These 

fees would be payable to Consolidated 

Audit Trail, LLC (‘‘CAT LLC’’ or the 

‘‘Company’’) and referred to as CAT Fee 

2025–1, and would be described in a 

section of the Exchange’s fee schedule 

entitled ‘‘Consolidated Audit Trail 

Funding Fees.’’ The fee rate for CAT Fee 

2025–1 would be $0.000022 per 

executed equivalent share. CAT 

Executing Brokers will receive their first 

monthly invoice for CAT Fee 2025–1 in 

February 2025 calculated based on their 

transactions as CAT Executing Brokers 

for the Buyer (‘‘CEBB’’) and/or CAT 

Executing Brokers for the Seller 

(‘‘CEBS’’) in January 2025. CAT Fee 

2025–1 is anticipated to be in place for 

six months, and is anticipated to recover 

approximately one-half of the costs set 

forth in the reasonably budgeted CAT 

costs for 2025. CAT LLC intends for 

CAT Fee 2025–1 to replace CAT Fee 

2024–1 (which has a fee rate of 

$0.000035). The text of the proposed 

rule change is provided in Exhibit 5. 

The proposed rule change, including 

the Exchange’s statement of the purpose 

of, and statutory basis for, the proposed 

rule change, is available at the principal 

office of the Exchange, and on the 

Commission’s website at https://

www.sec.gov/rules-regulations/selfregulatory-organization-rulemaking/ 

national-securities-exchanges?file_

number=SR-NYSEAMER-2024-81. 

II. 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.6

Comments may be submitted 

electronically by using the 

Commission’s internet comment form 

(https://www.sec.gov/rules-regulations/ 

self-regulatory-organizationrulemaking/national-securitiesexchanges?file_number=SRNYSEAMER-2024-81) or by sending an 

email to rule-comments@sec.gov. Please 

include file number SR–NYSEAMER– 

2024–81 on the subject line. 

Alternatively, paper comments may be 

sent to Secretary, Securities and 

Exchange Commission, 100 F Street NE, 

Washington, DC 20549–1090. All 

submissions should refer to file number 

SR–NYSEAMER–2024–81. 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 website (https://www.sec.gov/ 

rules-regulations/self-regulatoryorganization-rulemaking/nationalsecurities-exchanges?file_number=SRNYSEAMER-2024-81). Do not include 

personal identifiable information in 

submissions; you should submit only 

information that you wish to make 

available publicly. We may redact in 

part or withhold entirely from 

publication submitted material that is 

obscene or subject to copyright 

protection. 

All submissions should refer to file 

number SR–NYSEAMER–2024–81 and 

should be submitted on or before 

January 31, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.7

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2025–00308 Filed 1–8–25; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–102111; File No. SR–NYSE– 

2024–86] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Filing and Immediate Effectiveness of 

Proposed Rule Change To Establish 

Fees for Industry Members Related to 

Reasonably Budgeted CAT Costs of 

the National Market System Plan 

Governing the Consolidated Audit Trail 

for 2025 

January 3, 2025. 

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 December 

20, 2024, New York Stock Exchange 

LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Item I below, which Item has been 

substantially prepared by the Exchange. 

The Exchange has designated this 

proposal for immediate effectiveness 

pursuant to Section 19(b)(3)(A) of the 

Act 3 and Rule 19b–4(f) thereunder.4

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 establish 

fees for Industry Members 5 related to 

reasonably budgeted CAT costs of the 

National Market System Plan Governing 

the Consolidated Audit Trail (the ‘‘CAT 

NMS Plan’’ or ‘‘Plan’’) for 2025. These 

fees would be payable to Consolidated 

Audit Trail, LLC (‘‘CAT LLC’’ or the 

‘‘Company’’) and referred to as CAT Fee 

2025–1, and would be described in a 

section of the Exchange’s fee schedule 

entitled ‘‘Consolidated Audit Trail 

Funding Fees.’’ The fee rate for CAT Fee 

2025–1 would be $0.000022 per 

executed equivalent share. CAT 

Executing Brokers will receive their first 

monthly invoice for CAT Fee 2025–1 in 

February 2025 calculated based on their 

transactions as CAT Executing Brokers 

for the Buyer (‘‘CEBB’’) and/or CAT 

Executing Brokers for the Seller 

(‘‘CEBS’’) in January 2025. CAT Fee 

2025–1 is anticipated to be in place for 

six months, and is anticipated to recover 

approximately one-half of the costs set 

forth in the reasonably budgeted CAT 

costs for 2025. CAT LLC intends for 

CAT Fee 2025–1 to replace CAT Fee 

2024–1 (which has a fee rate of 

$0.000035). The text of the proposed 

rule change is provided in Exhibit 5. 

The proposed rule change, including 

the Exchange’s statement of the purpose 


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