34912 Federal Register / Vol. 87, No. 110 / Wednesday, June 8, 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). 

from members of the public is to make 

these submissions available for public 

viewing on the internet at http://

www.regulations.gov as they are 

received without change, including any 

personal identifiers or contact 

information. 

FOR FURTHER INFORMATION CONTACT: A 

copy of this information collection 

request, with applicable supporting 

documentation, may be obtained by 

contacting the Office of Privacy and 

Information Management, Office of 

Personnel Management, 1900 E Street 

NW, Washington, DC 20415, Attention: 

Camille C. Aponte-Rossini, or via 

electronic mail to Camille.AponteRossini@opm.gov. 

SUPPLEMENTARY INFORMATION: As 

required by the Paperwork Reduction 

Act of 1995, (Pub. L. 104–13, 44 U.S.C. 

chapter 35) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is 

soliciting comments for this collection 

(Freedom of Information Act/Privacy 

Act Record Request and Public Access 

Link Registration). The Office of Privacy 

and Information Management (OPIM) is 

responsible for OPM’s Freedom of 

Information Act (FOIA) and Privacy 

programs, among other functions. FOIA 

and Privacy Act (PA) record requests to 

OPM may be submitted by mail, 

electronic mail, and via the Public 

Access Link (PAL). PAL is a public 

facing web page that allows the public 

to register for an account and submit 

FOIA and PA requests online. The PAL 

registration provides for the creation of 

individual user accounts and collects 

the name and contact information of 

registrants. The Freedom of Information 

Act (FOIA)/Privacy Act (PA) Record 

Request paper form and the electronic 

PAL registration request the minimum 

critical elements necessary to submit a 

FOIA or PA record request to OPM, as 

well as optional elements to authorize 

release of information to a third party. 

We invite comments on this new 

information collection that: 

1. 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; 

2. 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; 

3. Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

4. 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. 

Analysis 

Agency: Office of Personnel 

Management. 

Title: Freedom of Information Act 

(FOIA)/Privacy Act (PA) Record Request 

Form. 

OMB Number: 3206–XXXX. 

Frequency: Annually. 

Affected Public: Individuals. 

Number of Respondents: 690. 

Estimated Time per Respondent: 

• Freedom of Information Act (FOIA)/ 

Privacy Act (PA) Record Request: 3 

Minutes. 

• Public Access Link (PAL) 

registration: 2 Minutes. 

Total Burden Hours: 58. 

• Freedom of Information Act (FOIA)/ 

Privacy Act (PA) Record Request: 35. 

• Public Access Link (PAL) 

registration: 23. 

U.S. Office of Personnel Management. 

Kellie Cosgrove Riley, 

Director, Office of Privacy and Information 

Management. 

[FR Doc. 2022–12284 Filed 6–7–22; 8:45 am] 

BILLING CODE 6325–67–P 

POSTAL REGULATORY COMMISSION 

[Docket No. CP2019–111] 

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: June 10, 

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 

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): CP2019–111; Filing 

Title: USPS Notice of Amendment to 

Parcel Select & Parcel Return Service 

Contract 9, Filed Under Seal; Filing 

Acceptance Date: June 2, 2022; Filing 

Authority: 39 CFR 3035.105; Public 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 87, No. 110 / Wednesday, June 8, 2022 / Notices 34913 

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

2 17 CFR 240.19b–4. 

3Amendment No. 1 made a correction to the 

Exhibit 5 of the filing, specifically, to insert an 

additional cross-reference into a proposed 

definition that had been omitted. 

4Capitalized terms not defined herein are defined 

in the Rules, available at http://dtcc.com/∼/media/ 

Files/Downloads/legal/rules/nscc_rules.pdf. 5See Section I(B)(2) of Procedure XV, id. 

6See Rule 4 and Procedure XV, supra note 3. 

NSCC’s market risk management strategy is 

designed to comply with Rule 17Ad–22(e)(4) under 

the Act, where these risks are referred to as ‘‘credit 

risks.’’ 17 CFR 240.17Ad–22(e)(4). 

7The Rules identify when NSCC may cease to act 

for a Member and the types of actions NSCC may 

take. For example, NSCC may suspend a firm’s 

membership with NSCC or prohibit or limit a 

Member’s access to NSCC’s services in the event 

that Member defaults on a financial or other 

obligation to NSCC. See Rule 46, supra note 3. 

8Supra note 3. 

Representative: Kenneth R. Moeller; 

Comments Due: June 10, 2022. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2022–12328 Filed 6–7–22; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–95026; File No. SR–NSCC– 

2022–005] 

Self-Regulatory Organizations; 

National Securities Clearing 

Corporation; Notice of Filing of 

Proposed Rule Change, as Modified by 

Amendment No. 1, To Revise the 

Excess Capital Premium Charge 

June 2, 2022. 

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 May 30, 

2022, National Securities Clearing 

Corporation (‘‘NSCC’’) filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II and III 

below, which Items have been prepared 

by the clearing agency. On June 1, 2022, 

NSCC filed Amendment No. 1 to the 

proposed rule change, to make a 

correction to the proposed rule change.3

The Commission is publishing this 

notice to solicit comments on the 

proposed rule change, as modified by 

Amendment No. 1, from interested 

persons. 

I. Clearing Agency’s Statement of the 

Terms of Substance of the Proposed 

Rule Change 

The proposed rule change consists of 

modifications to Procedure XV (Clearing 

Fund Formula and Other Matters) of 

NSCC’s Rules & Procedures (‘‘Rules’’) 4

to revise the Excess Capital Premium 

(‘‘ECP’’) charge by enhancing the 

methodology for calculating the charge 

to (1) compare a Member’s applicable 

capital amounts with the amount it 

contributes to the Clearing Fund that 

represents its volatility charge, (2) for 

Members that are broker-dealers, use net 

capital amounts rather than excess net 

capital amounts in the calculation of the 

ECP charge; and for all other Members, 

use equity capital in the calculation of 

the ECP charge, and (3) establish a cap 

of 2.0 for the Excess Capital Ratio (as 

defined below) that is used in 

calculating a Member’s ECP charge. 

The proposed changes would also 

improve the transparency of the Rules 

regarding the ECP charge by (1) 

clarifying the capital amounts that are 

used in the calculation of the charge by 

introducing new defined terms, (2) 

removing NSCC’s discretion to waive or 

reduce the charge, and (3) providing 

that NSCC may calculate the charge 

based on updated capital information, 

as described in greater detail below. 

II. Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

In its filing with the Commission, the 

clearing agency 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 

clearing agency has prepared 

summaries, set forth in sections A, B, 

and C below, of the most significant 

aspects of such statements. 

(A) Clearing Agency’s Statement of the 

Purpose of, and Statutory Basis for, the 

Proposed Rule Change 

1. Purpose 

NSCC is proposing to modify the ECP 

charge, which is a component of its 

Clearing Fund that NSCC may impose 

on a Member when a portion of that 

Member’s Required Fund Deposit 

(defined in the Rules as the ‘‘Calculated 

Amount’’) exceeds its applicable capital 

amounts by 1.0 (defined in the Rules as 

the ‘‘Excess Capital Ratio’’), as described 

in greater detail below.5 The proposed 

changes would revise the ECP charge by 

enhancing the methodology for 

calculating the charge to (1) compare a 

Member’s applicable capital amounts 

with the amount it contributes to the 

Clearing Fund that represents its 

volatility charge, (2) for Members that 

are broker-dealers, use net capital 

amounts rather than excess net capital 

amounts in the calculation of the ECP 

charge; and for all other Members, use 

equity capital in the calculation of the 

ECP charge, and (3) establish a cap of 

2.0 for the Excess Capital Ratio that is 

used in calculating a Member’s ECP 

charge. 

The proposed changes would also 

improve the transparency of the Rules 

regarding the ECP charge by (1) 

clarifying the capital amounts that are 

used in the calculation of the charge by 

introducing new defined terms, (2) 

removing NSCC’s discretion to waive or 

reduce the charge, and (3) providing 

that NSCC may calculate the charge 

based on updated capital information, 

as described in greater detail below. 

(i) Overview of the Required Fund 

Deposit and NSCC’s Clearing Fund 

As part of its market risk management 

strategy, NSCC manages its credit 

exposure to Members by determining 

the appropriate Required Fund Deposits 

to the Clearing Fund and monitoring its 

sufficiency, as provided for in the 

Rules.6 The Required Fund Deposit 

serves as each Member’s margin. 

The objective of a Member’s Required 

Fund Deposit is to mitigate potential 

losses to NSCC associated with 

liquidating a Member’s portfolio in the 

event NSCC ceases to act for that 

Member (hereinafter referred to as a 

‘‘default’’).7 The aggregate of all 

Members’ Required Fund Deposits 

constitutes the Clearing Fund of NSCC. 

NSCC would access its Clearing Fund 

should a defaulting Member’s own 

Required Fund Deposit be insufficient 

to satisfy losses to NSCC caused by the 

liquidation of that Member’s portfolio. 

Pursuant to the Rules, each Member’s 

Required Fund Deposit consists of a 

number of applicable components, each 

of which is calculated to address 

specific risks faced by NSCC, as 

identified within Procedure XV of the 

Rules.8

While many components of the 

Clearing Fund are designed to measure 

risks presented by the net unsettled 

positions a Member submits to NSCC to 

be cleared and settled, some 

components measure and mitigate other 

risks that NSCC may face, such as credit 

risks. For example, a Member may be 

required to make an additional deposit 

to the Clearing Fund pursuant to 

Section I(B)(1) of Procedure XV of the 

Rules if it is placed on the Watch List, 

which is defined in Rule 1 (Definitions 

and Descriptions) of the Rules as a list 

of Members who NSCC deems to pose 

heightened risk to it and its other 


khammond on DSKJM1Z7X2PROD with NOTICES