60368 Federal Register / Vol. 73, No. 198 / Friday, October 10, 2008 / Notices 

1Notice of United States Postal Service Filing of 

Functionally Equivalent Global Expedited Package 

Services 1 Negotiated Service Agreement, October 

3, 2008 (Notice). 

2See Docket No. CP2008–5, Decision of the 

Governors of the United States Postal Service on the 

Establishment of Prices and Classifications for 

Global Expedited Package Services Contracts 

(Governors’ Decision No. 08–7), May 6, 2008, and 

Docket No. CP2008–5, United States Postal Service 

Notice of Filing Redacted Copy of Governors’ 

Decision No. 08–7, July 23, 2008. 

3See Docket No. CP2008–5, Order Concerning 

Global Expedited Package Services Contracts, June 

27, 2008, at 7 (Order No. 86). 

4Contract expiration is tied to one year after the 

Postal Service notifies the customer that all 

necessary approvals and reviews have been 

obtained. Id. at 2. 

Secretary and Director of Public Affairs. 

Effective August 12, 2008. 

Authority: 5 U.S.C. 3301 and 3302; E.O. 

10577, 3 CFR 1954–1958 Comp., p. 218. 

U.S. Office of Personnel Management. 

Howard Weizmann, 

Deputy Director. 

[FR Doc. E8–23967 Filed 10–9–08; 8:45 am] 

BILLING CODE 6325–39–P 

POSTAL REGULATORY COMMISSION 

[Docket No. CP2009–1; Order No. 113] 

Global Expedited Package Services 1 

Contract 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Commission is noticing a 

recently-filed Postal Service Global 

Expedited Package Services 1 negotiated 

service agreement. This action is 

consistent with changes in a recent law 

governing postal operations. 

DATES: Comments are due October 14, 

2008. 

ADDRESSES: Submit comments 

electronically via the Commission’s 

Filing Online system at http:// 

www.prc.gov. 

FOR FURTHER INFORMATION CONTACT: 

Stephen L. Sharfman, General Counsel, 

202–789–6820 and 

stephen.sharfman@prc.gov. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

On October 3, 2008, the Postal Service 

filed a notice announcing that it has 

entered into an additional Global 

Expedited Package Services 1 (GEPS 1) 

contract.1 GEPS 1 provides volumebased incentives for mailers that send 

large volumes of Express Mail 

International (EMI) and/or Priority Mail 

International (PMI). The Postal Service 

believes the instant contract is 

functionally equivalent to previously 

submitted GEPS agreements, and 

supported by the Governors’ Decision 

filed in Docket No. CP2008–5.2 Id. at 1– 

2. It further notes that in Order No. 86, 

which established GEPS 1 as a product, 

the Commission held that additional 

contracts may be included as part of the 

GEPS 1 product if they meet the 

requirements of 39 U.S.C. 3633 and if 

they are functionally equivalent to the 

initial GEPS 1 contract filed in Docket 

No. CP2008–5.3 Id. at 1. 

The instant contract. The Postal 

Service filed the instant contract 

pursuant to 39 CFR 3015.5. In addition, 

the Postal Service contends that the 

contract is in accordance with Order No. 

86. It submitted the contract and 

supporting material under seal, and 

attached a redacted (public) copy of the 

certified statement required by 39 CFR 

3015.5(c)(2) to the Notice. Id. at 1–2. 

The Notice addresses reasons why the 

instant GEPS 1 contract fits within the 

Mail Classification Schedule language 

for GEPS 1, explains expiration terms, 

and discusses the Postal Service’s 

interest in confidential treatment for the 

contract and related material.4 Id. at 2– 

3. It also provides the Postal Service’s 

rationale for concluding that the instant 

contract is functionally equivalent to the 

initial contract filed in Docket No. 

CP2008–5 and therefore should be 

included within the GEPS 1 product. Id. 

at 3–5. 

II. Notice of Filing 

The Commission establishes Docket 

No. CP2009–1 for consideration of 

matters related to the contract identified 

in the Postal Service’s Notice. The 

public portion of the filing can be 

accessed via the Commission’s Web site 

(http://www.prc.gov). Interested persons 

may express views and offer comments 

on whether the contract is consistent 

with the policies of 39 U.S.C. 3632, 

3633, or 3642. Comments are due no 

later than October 14, 2008. 

The Commission appoints Paul L. 

Harrington to serve as Public 

Representative in the captioned filings. 

III. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. CP2009–1 for consideration of the 

matters raised in the Postal Service’s 

Notice. 

2. The Commission, pursuant to 39 

U.S.C. 505, appoints Paul L. Harrington 

to serve as officer of the Commission 

(Public Representative) to represent the 

interests of the general public. 

3. Comments by interested persons in 

these proceedings are due no later than 

October 14, 2008. 

4. The Secretary shall arrange for 

publication of this order in the Federal 

Register. 

By the Commission. 

Steven W. Williams, 

Secretary. 

[FR Doc. E8–24162 Filed 10–9–08; 8:45 am] 

BILLING CODE 7710–FW–P 

POSTAL REGULATORY COMMISSION 

Sunshine Act Meetings 

NAME OF AGENCY: Postal Regulatory 

Commission. 

TIME AND DATE: October 16, 2008 at 10 

a.m. 

PLACE: Commission conference room, 

901 New York Avenue, NW., Suite 200, 

Washington, DC 20268–0001. 

STATUS: Open. 

MATTERS TO BE CONSIDERED: Selection of 

vice-chairman. 

CONTACT PERSON FOR MORE INFORMATION: 

Stephen L. Sharfman, general counsel, 

Postal Regulatory Commission, 202– 

789–6820. 

Dated: October 7, 2008. 

Steven W. Williams, 

Secretary. 

[FR Doc. E8–24233 Filed 10–8–08; 11:15 am] 

BILLING CODE 7710–FW–P 

PRESIDIO TRUST 

Notice To Extend Comment Period and 

Notice of Rescheduled Public Meeting 

AGENCY: The Presidio Trust. 

ACTION: Notice to extend comment 

period and notice of rescheduled public 

meeting. 

SUMMARY: By Federal Register notice of 

August 1, 2008 (73 FR 45092), the 

Presidio Trust (Trust) extended the 

Environmental Protection Agencycalculated 45-day time period for public 

review of the Draft Supplemental 

Environmental Impact Statement (SEIS) 

to September 19, 2008. The previous 

deadline for comments was July 31, 

2008. By Federal Register notice of 

September 15, 2008 (73 FR 53295), the 

Trust (i) further extended the time 

period for public review of the SEIS to 

October 20, 2008, and (ii) announced a 

public meeting of the Trust Board of 

Directors scheduled for October 14, 

2008. By this notice, the Trust is (i) 

further extending the public comment 

period to November 17, 2008, and (ii) in 

accordance with § 103(c)(6) of the 

Presidio Trust Act, 16 U.S.C. 460bb 

note, Title I of Public Law 104–333, 110 

mstockstill on PROD1PC66 with NOTICES

Federal Register / Vol. 73, No. 198 / Friday, October 10, 2008 / Notices 60369 

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

2 17 CFR 240.19b–4. 

3Exchange Act Release No. 58341 (August 11, 

2008), 73 FR 48258. 

4The Exchange commenced the trading of FROs 

on May 8, 2008. In August 2007, the Commission 

approved the Exchange proposal to list and trade 

FROs based on individual stocks and exchangetraded funds (‘‘ETFs’’). See Exchange Act Release 

No. 56251 (August 14, 2007), 72 FR 46523 (August 

20, 2007). 

5A ‘‘Finish High’’ FRO is defined in Rule 900 

FRO(b)(2) as an option contract which returns $100 

if the underlying security closes above the strike 

price at expiration. 

6A ‘‘Finish Low’’ FRO is defined in Rule 900 

FRO(b)(3) as an option contract which returns $100 

if the underlying security closes below the strike 

price at expiration. 

Stat. 4097, as amended, and in 

accordance with the Trust’s bylaws, 

informing the public that the public 

meeting of the Trust Board of Directors 

is now rescheduled for November 13, 

2008. 

SUPPLEMENTARY INFORMATION: In 

accordance with the National 

Environmental Policy Act, the Trust is 

requesting public comment on the 

Presidio Trust Management Plan 

(PTMP) Main Post Update Draft SEIS. 

The Draft SEIS evaluates alternatives to 

the planning concept for the 120-acre 

Main Post district at the Presidio of San 

Francisco identified in the 2002 PTMP, 

the Trust’s comprehensive land use plan 

and policy framework. The Draft SEIS 

considers planning proposals that were 

not anticipated in the PTMP, including 

a contemporary art museum and a 

lodge, and identifies Alternative 2 as the 

proposed action, which is further 

described in the Draft Main Post Update 

of the PTMP. By extending the comment 

period, the Trust anticipates more indepth comments on the Draft SEIS that 

will promote a better-informed decision. 

The Draft PTMP Main Post Update and 

Draft SEIS can be reviewed at local 

libraries, at the Trust headquarters at 34 

Graham Street, San Francisco, CA 

94129, and on the Trust Web site at 

http://www.Presidio.gov in the Major 

Projects section. Although the time for 

comments has been extended, the Trust 

requests that interested parties provide 

comments as soon as possible. 

The purposes of the public meeting 

are to provide an Executive Director’s 

report, to receive public comment at a 

second public meeting of the Trust’s 

Board of Directors on the Draft PTMP 

Main Post Update and Draft SEIS, and 

to receive public comment on other 

matters in accordance with the Trust’s 

Public Outreach Policy. The meeting 

will be held on Thursday, November 13, 

2008, at 6:30 p.m., at a location to be 

announced in a future notice. 

Individuals requiring special 

accommodation at the public meeting, 

such as needing a sign language 

interpreter, should contact Mollie 

Matull at 415.561.5300 prior to 

November 7, 2008. 

DATES: The public meeting will begin at 

6:30 p.m. on Thursday, November 13, 

2008. Written comments must be 

received by November 17, 2008. 

ADDRESSES: The location of the public 

meeting will be announced in a future 

notice. Written comments should be 

submitted to Main Post, Attn: 

Compliance Coordinator, The Presidio 

Trust, 34 Graham Street, P.O. Box 

29052, San Francisco, CA 94129–0052. 

Electronic comments can be sent to 

Mainpost@Presidiotrust.gov. Please be 

aware that all comments and 

information submitted will be made 

available to the public, including, 

without limitation, any postal address, 

e-mail address, phone number or other 

information contained in each 

submission. 

FOR FUTHER INFORMATION CONTACT: John 

Pelka, 415.561.4183. 

Dated: October 6, 2008. 

Karen A. Cook, 

General Counsel. 

[FR Doc. E8–24134 Filed 10–9–08; 8:45 am] 

BILLING CODE 4310–4R–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–58716; File No. SR–Amex– 

2008–60] 

Self-Regulatory Organizations; 

American Stock Exchange LLC; Order 

Granting Approval of a Proposed Rule 

Change Relating to Margin 

Requirements for Fixed Return 

Options 

October 2, 2008. 

On July 21, 2008, the American Stock 

Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’), pursuant 

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

Exchange Act of 1934 (‘‘Act’’ or 

‘‘Exchange Act’’),1 and Rule 19b–42

thereunder, a proposed rule change to 

amend its margin requirements for fixed 

return options. The proposal was 

published in the Federal Register on 

August 18, 2008.3 The Commission 

received no comments on the proposal. 

This order approves the proposed rule 

change. 

The Exchange proposed to amend 

Rule 462(d)10 to clarify the margin 

requirements applicable to Fixed Return 

Options (‘‘FROs’’ or ‘‘Fixed Return 

Options’’).4 The Exchange stated that 

the purpose of this proposal is to add 

clarity regarding the application of FRO 

margin requirements in connection with 

‘‘spreads’’ and ‘‘straddle/combination’’ 

strategies. In addition, the proposal also 

seeks to clarify the use of ‘‘cover’’ and 

a ‘‘cash account’’ in connection with 

FROs. The Exchange stated that it 

believes that the proposed revision 

reducing the customer margin 

applicable to ‘‘spread’’ and ‘‘straddle/ 

combination’’ positions in FROs is 

appropriate because risk exposure is 

reduced under these strategies. 

Amex Rule 462(d)10 is silent 

regarding the use of ‘‘spread’’ and 

‘‘straddle/combination’’ positions. With 

respect to a ‘‘spread’’ position in FROs, 

the Amex proposes that no margin be 

required on a Finish High5 FRO (Finish 

Low 6 FRO) carried short in a customer’s 

account that is offset by a long Finish 

High FRO (Finish Low FRO) for the 

same underlying security or instrument 

that expires at the same time and has an 

exercise or strike price that is less than 

(greater than) the exercise or strike price 

of the short Finish High (Finish Low). 

As set forth in Rule 462(d)10(B), the 

long Finish High (Finish Low) must be 

paid for in full. 

In connection with a straddle/ 

combination, when a Finish High FRO 

is carried short in a customer’s account 

and there is also carried a short Finish 

Low FRO that expires at the same time 

and has an exercise price or strike price 

that is less than or equal to the exercise 

or strike price of the short Finish High, 

the initial and maintenance margin 

required would be the exercise 

settlement amount applicable to one 

contract. 

With respect to the concept of ‘‘cover’’ 

the Exchange proposed a clarification 

that ‘‘cover’’ is applicable only to ‘‘cash 

accounts.’’ In such a case, a FRO carried 

short in a customer’s account will be 

deemed a covered position, and eligible 

for the cash account, if either one of the 

following is held in the account at the 

time the FRO is written or is received 

into the account promptly thereafter: 

• Cash or cash equivalents equal to 100% 

of the exercise settlement amount; 

• A long FRO of the same type (Finish 

High or Finish Low) for the same underlying 

security or instrument that is paid for in full 

and expires at the same time, and has an 

exercise or strike price that is less than the 

exercise or strike price of the short in the 

case of a Finish High or greater than the 

exercise or strike price of the short in the 

case of a Finish Low; or 

• An escrow agreement. 

The escrow agreement must certify 

that the bank holds for the account of 

the customer as security for the 

mstockstill on PROD1PC66 with NOTICES