Federal Register / Vol. 87, No. 74 / Monday, April 18, 2022 / Notices 22953 

When the organizers successfully 

address the four critical elements, 

organizing groups are invited to proceed 

to ‘‘Phase 2’’, submission of most 

remaining charter documents and plans. 

The ‘‘Phase 1’’ data is reviewed by 

NCUA to determine the adequacy of a 

group’s chartering concept and to 

provide guidance as needed. The 

purpose of this information collection is 

to identify the level of understanding an 

organizing group has before they make 

a formal charter application submission 

as prescribed by Appendix B to 12 CFR 

part 701 (12 U.S.C. 1758, 1759). 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated No. of Respondents: 26. 

Estimated No. of Responses per 

Respondent: 1. 

Estimated Total Annual Responses: 

26. 

Estimated Burden Hours per 

Response: 4. 

Estimated Total Annual Burden 

Hours: 104. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and included in the 

request for Office of Management and 

Budget approval. All comments will 

become a matter of public record. The 

public is invited to submit comments 

concerning: (a) Whether the collection 

of information is necessary for the 

proper execution of the function of the 

agency, including whether the 

information will have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information, including the validity of 

the methodology and assumptions used; 

(c) ways to enhance the quality, utility, 

and clarity of the information to be 

collected; and (d) ways to minimize the 

burden of the collection of the 

information on the respondents, 

including the use of automated 

collection techniques or other forms of 

information technology. 

By Melane Conyers-Ausbrooks, 

Secretary of the Board, the National 

Credit Union Administration, on April 

12, 2022. 

Dated: April 13, 2022. 

Dawn D. Wolfgang, 

NCUA PRA Clearance Officer. 

[FR Doc. 2022–08223 Filed 4–15–22; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL SCIENCE FOUNDATION 

Proposal Review Panel for Physics; 

Notice of Meeting 

In accordance with the Federal 

Advisory Committee Act (Pub. L. 92– 

463, as amended), the National Science 

Foundation (NSF) announces the 

following meeting: 

Name and Committee Code: LIGO 

Annual Site Visit Review of Operations 

for the Division of Physics (1208). 

Date and Time: All times are Pacific 

Daylight Time: 

June 1, 2022; 8:00 a.m.–5:30 p.m. 

June 2, 2022; 8:00 a.m.–11:00 a.m. 

June 2, 2022; 4:30 p.m.–5:30 p.m. 

June 3, 2022; 8:00 a.m.–10:30 a.m. 

Place: LIGO Hanford Observatory, 

127124 N Route 10, Richland, WA 

99354. 

Type of Meeting: Part-Open. 

Contact Person: Mark Coles, Program 

Director, Division of Physics, National 

Science Foundation, 2415 Eisenhower 

Avenue, Room 9219, Alexandria, VA 

22314; Telephone: (703) 292–4432. 

Purpose of Meeting: Site visit to 

provide an evaluation of the progress of 

the projects at the host site for the 

Division of Physics at the National 

Science Foundation. 

Agenda: Agenda (all times Pacific 

Daylight Time [PDT]): 

June 1 (Wednesday) 

8:00 a.m.–8:30 a.m.—Executive Session 

(Closed) 

8:30 a.m.–5:00 p.m.—Presentations by 

LIGO (Open) 

5:00 p.m.–5:30 p.m.—Executive Session 

(Closed) 

June 2 (Thursday) 

8:00 a.m.–8:30 a.m.—Executive Session 

(Closed) 

8:30 a.m.–11:00 a.m.—Presentations and 

discussion (Open) 

4:30 p.m.–5:30 p.m.—Discussion (Open) 

June 3 (Friday) 

8:00 a.m.–10:00 a.m.—Executive 

Session (Closed) 

10:00 a.m.–10:30 a.m.—Closeout 

presentation by review panel (Open) 

Reason for Closing: The work being 

reviewed during closed portions of the 

site visit include information of a 

proprietary or confidential nature, 

including technical information; 

financial data, such as salaries and 

personal information concerning 

individuals associated with the project. 

These matters are exempt under 5 

U.S.C. 552b(c), (4) and (6) of the 

Government in the Sunshine Act. 

Dated: April 13, 2022. 

Crystal Robinson, 

Committee Management Officer. 

[FR Doc. 2022–08256 Filed 4–15–22; 8:45 am] 

BILLING CODE 7555–01–P 

POSTAL REGULATORY COMMISSION 

[Docket Nos. MC2022–52 and CP2022–56] 

New Postal Products 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Commission is noticing a 

recent Postal Service filing for the 

Commission’s consideration concerning 

a negotiated service agreement. This 

notice informs the public of the filing, 

invites public comment, and takes other 

administrative steps. 

DATES: Comments are due: April 20, 

2022. 

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. Docketed Proceeding(s) 

I. Introduction 

The Commission gives notice that the 

Postal Service filed request(s) for the 

Commission to consider matters related 

to negotiated service agreement(s). The 

request(s) may propose the addition or 

removal of a negotiated service 

agreement from the market dominant or 

the competitive product list, or the 

modification of an existing product 

currently appearing on the market 

dominant or the competitive product 

list. 

Section II identifies the docket 

number(s) associated with each Postal 

Service request, the title of each Postal 

Service request, the request’s acceptance 

date, and the authority cited by the 

Postal Service for each request. For each 

request, the Commission appoints an 

officer of the Commission to represent 

the interests of the general public in the 

proceeding, pursuant to 39 U.S.C. 505 

(Public Representative). Section II also 

establishes comment deadline(s) 

pertaining to each request. 

The public portions of the Postal 

Service’s request(s) can be accessed via 

the Commission’s website (http://

www.prc.gov). Non-public portions of 

the Postal Service’s request(s), if any, 

can be accessed through compliance 


khammond on DSKJM1Z7X2PROD with NOTICES
22954 Federal Register / Vol. 87, No. 74 / Monday, April 18, 2022 / Notices 

1See Docket No. RM2018–3, Order Adopting 

Final Rules Relating to Non-Public Information, 

June 27, 2018, Attachment A at 19–22 (Order No. 

4679). 

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

2 17 CFR 240.19b–4. 

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

4 17 CFR 240.19b–4(f)(6). 

5See Securities Exchange Act Release No. 67090 

(May 31, 2012), 77 FR 33531 (June 6, 2012) (SR– 

BATS–2011–038; SR–BYX–2011–025; SR–BX– 

2011–068; SR–CBOE–2011–087; SR–C2–2011–024; 

SR–CHX–2011–30; SR–EDGA–2011–31; SR–EDGX– 

2011–30; SR–FINRA–2011–054; SR–ISE–2011–61; 

SR–NASDAQ–2011–131; SR–NSX–2011–11; SR– 

NYSE–2011–48; SR–NYSEAmex–2011–73; SR– 

NYSEArca–2011–68; SR–Phlx–2011–129) (‘‘Pilot 

Rules Approval Order’’). 

6The rules of the equity options exchanges 

similarly provide for a halt in trading if the cash 

equity exchanges invoke a MWCB Halt. See, e.g., 

NYSE Arca Rule 6.65–O(d)(4). 

7See Securities Exchange Act Release No. 67091 

(May 31, 2012), 77 FR 33498 (June 6, 2012). The 

LULD Plan provides a mechanism to address 

extraordinary market volatility in individual 

securities. 

8See Securities Exchange Act Release Nos. 67090 

(May 31, 2012), 77 FR 33531 (June 6, 2012) (SR– 

with the requirements of 39 CFR 

3011.301.1

The Commission invites comments on 

whether the Postal Service’s request(s) 

in the captioned docket(s) are consistent 

with the policies of title 39. For 

request(s) that the Postal Service states 

concern market dominant product(s), 

applicable statutory and regulatory 

requirements include 39 U.S.C. 3622, 39 

U.S.C. 3642, 39 CFR part 3030, and 39 

CFR part 3040, subpart B. For request(s) 

that the Postal Service states concern 

competitive product(s), applicable 

statutory and regulatory requirements 

include 39 U.S.C. 3632, 39 U.S.C. 3633, 

39 U.S.C. 3642, 39 CFR part 3035, and 

39 CFR part 3040, subpart B. Comment 

deadline(s) for each request appear in 

section II. 

II. Docketed Proceeding(s) 

1. Docket No(s).: MC2022–52 and 

CP2022–56; Filing Title: USPS Request 

to Add Priority Mail Express 

International, Priority Mail International 

& First-Class Package International 

Service Contract 5 to Competitive 

Product List and Notice of Filing 

Materials Under Seal; Filing Acceptance 

Date: April 12, 2022; Filing Authority: 

39 U.S.C. 3642, 39 CFR 3040.130 

through 3040.135, and 39 CFR 3035.105; 

Public Representative: Kenneth R. 

Moeller; Comments Due: April 20, 2022. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2022–08234 Filed 4–15–22; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–94706; File No. SR–CBOE– 

2022–018] 

Self-Regulatory Organizations; Cboe 

Exchange, Inc.; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Adopt on a Permanent 

Basis the Pilot Program for MarketWide Circuit Breakers, Currently 

Codified in Rule 5.22 

April 12, 2022. 

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 11, 

2022, Cboe Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘Cboe Options’’) filed 

with the Securities and Exchange 

Commission (the ‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

been prepared by the Exchange. The 

Exchange filed the proposal as a ‘‘noncontroversial’’ proposed rule change 

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

the Act 3 and Rule 19b–4(f)(6) 

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 

Cboe Exchange, Inc. (the ‘‘Exchange’’) 

is filing with the Securities and 

Exchange Commission (the 

‘‘Commission’’) a proposal to adopt on 

a permanent basis the pilot program for 

Market-Wide Circuit Breakers, currently 

codified in Rule 5.22. The text of the 

proposed rule change is provided in 

Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (https://www.cboe.com/ 

AboutCBOE/CBOELegalRegulatory

Home.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 

Exchange Rule 5.22 to make permanent 

the Market-Wide Circuit Breaker 

(‘‘MWCB’’) pilot program. The proposal 

is substantively identical to New York 

Stock Exchange LLC (‘‘NYSE’’) Rule 

7.12 and NYSE American LLC (‘‘NYSE 

American’’) Rule 7.12E. 

The Pilot Rules 

The MWCB rules, including the 

Exchange’s Rule 5.22, provide an 

important, automatic mechanism that is 

invoked to promote stability and 

investor confidence during periods of 

significant stress when cash equities 

securities experience extreme marketwide declines. The MWCB rules are 

designed to slow the effects of extreme 

price declines through coordinated 

trading halts across both cash equity 

and equity options securities markets. 

The cash equities rules governing 

MWCBs were first adopted in 1988 and, 

in 2012, all U.S. cash equity exchanges 

and FINRA amended their cash equities 

uniform rules on a pilot basis (the ‘‘Pilot 

Rules,’’ i.e., Rule 5.22).5 The Pilot Rules 

currently provide for trading halts in all 

cash equity securities during a severe 

market decline as measured by a singleday decline in the S&P 500 Index 

(‘‘SPX’’).6 Under the Pilot Rules, a 

market-wide trading halt will be 

triggered if SPX declines in price by 

specified percentages from the prior 

day’s closing price of that index. The 

triggers are set at three circuit breaker 

thresholds: 7% (Level 1), 13% (Level 2), 

and 20% (Level 3). A market decline 

that triggers a Level 1 or Level 2 halt 

after 9:30 a.m. and before 3:25 p.m. 

would halt market-wide trading for 15 

minutes, while a similar market decline 

at or after 3:25 p.m. would not halt 

market-wide trading. (Level 1 and Level 

2 halts may occur only once a day.) A 

market decline that triggers a Level 3 

halt at any time during the trading day 

would halt market-wide trading for the 

remainder of the trading day. 

The Commission approved the Pilot 

Rules, the term of which was to 

coincide with the pilot period for the 

Plan to Address Extraordinary Market 

Volatility Pursuant to Rule 608 of 

Regulation NMS (the ‘‘LULD Plan’’),7

including any extensions to the pilot 

period for the LULD Plan.8 In April 


khammond on DSKJM1Z7X2PROD with NOTICES