Federal Register / Vol. 79, No. 220 / Friday, November 14, 2014 / Proposed Rules 68151 

1Petition of the United States Postal Service for 

the Initiation of a Proceeding to Consider Proposed 

Changes in Analytical Principles (Proposal Eleven), 

November 4, 2014 (Petition). 

2Notice of Filing of USPS–RM2015–4/NP1 and 

Application for Nonpublic Treatment, November 4, 

2014 (Notice of Filing). The Notice of Filing 

incorporates by reference the Application for NonPublic Treatment of Materials contained in 

Attachment Two to the December 27, 2013 United 

States Postal Service Fiscal Year 2013 Annual 

Compliance Report. Notice of Filing at 1. See 39 

CFR part 3007 for information on access to nonpublic material. 

Appendices to Residual Interest Deadline for 

Futures Commission Merchants— 

Commission Voting Summary and 

Chairman’s Statement Appendix 1— 

Commission Voting Summary 

On this matter, Chairman Massad and 

Commissioners Wetjen, Bowen, and 

Giancarlo voted in the affirmative. No 

Commissioner voted in the negative. 

Appendix 2—Statement of Chairman 

Timothy G. Massad 

I support the Staff’s recommendation. One 

of my priorities has been to fine-tune our 

rules to make sure they work as intended and 

do not impose undue burdens or unintended 

consequences, particularly for the 

nonfinancial commercial businesses that use 

these markets to hedge commercial risks. The 

proposed amendment is consistent with that 

goal. It is designed to help ensure that the 

funds deposited by customers with Futures 

Commission Merchants, or FCMs, remain 

safe. It is not a major change, but it is 

significant in making sure that 

manufacturers, farmers, ranchers, and other 

companies that rely on the derivatives 

markets to hedge routine business risks can 

continue to use them efficiently and 

effectively. 

The rule prohibits an FCM from using 

customer funds of one customer for the 

benefit of another customer. Last fall, the 

Commission amended Regulation 1.22 to 

further enhance the safety of such funds by 

making sure that customer accounts have 

sufficient margin. On any day when a 

customer is required to post additional 

margin but has not yet done so, the FCM 

must maintain its own capital—often referred 

to as the FCM’s ‘‘Residual Interest’’—in 

customer segregated accounts to make up the 

difference. The amendments provided that 

the FCM must deposit the additional funds 

by a specified deadline. Specifically, the 

amendments said that as of November 14, 

2014, the deadline would be 6:00 p.m. 

Eastern Time on the settlement date. The 

deadline for the FCMs to post their capital 

affects the deadline for customers to increase 

their own funds. 

The amendments passed last fall also 

provide that the Commission will conduct a 

study, and solicit public comment— 

including by way of a public roundtable— 

concerning the practicability, for both FCMs 

and their customers, of moving that deadline 

from 6:00 p.m. to the morning daily clearing 

settlement cycle or the time of settlement, 

which I will refer to as 9:00 a.m. for 

convenience. The amendments said the 

Commission would decide, within nine 

months after publication of the report, 

whether to move the deadline to 9:00 a.m. 

Finally, the amendments said that if the 

Commission failed to take any action, the 

deadline would automatically move to 9:00 

a.m. as of December 31, 2018. 

Today, we are making a minor, but 

important, change. We are proposing to 

eliminate the provision that says the deadline 

will automatically move to 9:00 a.m. as of 

December 31, 2018. The deadline will still 

move to 6:00 p.m. as of November 14 of this 

year, and we will still conduct a study of the 

practicability of making the deadline earlier. 

An earlier residual interest deadline better 

protects customers from one another, in line 

with the statute, but we want to make sure 

we move deliberately so that the model 

works best for customers in light of all of 

their interests, since the deadline will affect 

how much margin customers have to post 

and when. Today’s proposal will make sure 

that customers have an opportunity to not 

only review the study but give us input when 

we consider whether to accelerate the 

deadline. 

[FR Doc. 2014–26978 Filed 11–13–14; 8:45 am] 

BILLING CODE 6351–01–P 

POSTAL REGULATORY COMMISSION 

39 CFR Part 3050 

[Docket Nos. RM2015–4; Order No. 2244] 

Periodic Reporting 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: The Commission is noticing a 

recent Postal Service filing concerning a 

Proposed Rulemaking on Analytical 

Principles Used in Periodic Reporting 

(Proposal Eleven). This document 

informs the public of the filing, invites 

public comment, and takes other 

administrative steps. 

DATES: Comments are due: November 

25, 2014. Reply Comments are due: 

December 11, 2014. 

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. Summary of Proposal 

III. Initial Commission Action 

IV. Ordering Paragraphs 

I. Introduction 

On November 4, 2014, the Postal 

Service filed a petition pursuant to 39 

CFR 3050.11 requesting that the 

Commission initiate an informal 

rulemaking proceeding to consider 

changes to analytical principles relating 

to periodic reports.1 It identifies the 

change filed in this docket as Proposal 

Eleven, Change in the Attribution of 

Debit and Credit Card Fees. Id., 

Attachment at 1. The Postal Service 

concurrently filed one library reference, 

along with an application for nonpublic 

treatment.2

II. Summary of Proposal 

Currently, the Postal Service records 

payments of debit and credit card fees 

in two general ledger accounts, assigns 

the fees to two different cost segments, 

and uses two different keys to distribute 

costs to products and services (total 

postal labor costs and window service 

volume variability). Petition, 

Attachment at 2. This results in 

approximately 42 percent of total debit 

and credit card fees being classified as 

volume variable. Id. The remaining 58 

percent of the fees are classified as 

institutional costs, and are not assigned 

to any products. Id. 

The Postal Service proposes replacing 

this methodology with one based on the 

revenue generated when debit or credit 

cards are used to pay the Postal Service 

for products or services. Id. Reports of 

revenue by product from each of the 

major revenue reporting systems (POS– 

1, etc.) will be combined and grouped 

by product. Each product’s percentage 

of total revenue that is paid with debit 

and credit cards will then be calculated. 

The resulting percentage will serve as 

the distribution for debit and credit card 

fees. Id. The distribution key will be 

applied to the aggregate fee amounts 

from the general ledger accounts. Id. at 

3. All debit and credit card fees will be 

captured in one cost segment (13.3). Id. 

The Postal Service asserts that the 

proposed approach will allow it to more 

accurately assign debit and credit card 

fees to the products that were purchased 

using debit and credit cards. Id. 

Cost impacts. The Postal Service 

states that as a result of no longer using 

window service volume variability, a 

higher percentage of debit and credit 

card fees will be attributed to the 

products or services that caused the 

fees. Id. The Postal Service states the 

current methodology attributed 

approximately $83.3 million of $200 

million in debit and credit card fees to 

products and fees. Id. It states that 

under the proposed methodology, 

approximately $196.9 million would be 

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68152 Federal Register / Vol. 79, No. 220 / Friday, November 14, 2014 / Proposed Rules 

attributed. Id. It also presents a 

comparison of the fiscal year 2013 debit 

and credit card distribution keys using 

the current and proposed methods for 

market dominant products. Id. An 

expanded set of impact tables showing 

comparable figures for competitive 

products appears in USPS–RM2015–4/

NP1. Id. 

III. Initial Commission Action 

The Commission establishes Docket 

No. RM2015–4 for consideration of 

matters raised by the Petition. 

Additional information concerning the 

Petition may be accessed via the 

Commission’s Web site at http://

www.prc.gov. Interested persons may 

submit comments on the Petition no 

later than November 25, 2014. Reply 

comments are due no later than 

December 11, 2014. Pursuant to 39 

U.S.C. 505, Curtis E. Kidd is designated 

as officer of the Commission (Public 

Representative) to represent the 

interests of the general public in this 

proceeding. 

IV. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. RM2015–4 for consideration of the 

matters raised by the Petition of the 

United States Postal Service for the 

Initiation of a Proceeding to Consider 

Proposed Changes in Analytical 

Principles (Proposal Eleven), filed 

November 4, 2014. 

2. Comments are due no later than 

November 25, 2014. 

3. Reply comments are due no later 

than December 11, 2014. 

4. Pursuant to 39 U.S.C. 505, the 

Commission appoints Curtis E. Kidd to 

serve as an officer of the Commission 

(Public Representative) to represent the 

interests of the general public in this 

docket. 

5. The Secretary shall arrange for 

publication of this order in the Federal 

Register. 

By the Commission. 

Ruth Ann Abrams, 

Acting Secretary. 

[FR Doc. 2014–26929 Filed 11–13–14; 8:45 am] 

BILLING CODE 7710–FW–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 63 

[EPA–HQ–OAR–2010–0895; FRL–9919–15– 

OAR] 

RIN 2060–AQ11 

National Emission Standards for 

Hazardous Air Pollutants: Ferroalloys 

Production; Extension of Comment 

Period 

AGENCY: Environmental Protection 

Agency. 

ACTION: Supplemental notice of 

proposed rulemaking; extension of 

public comment period. 

SUMMARY: The Environmental Protection 

Agency (EPA) is announcing that the 

period for providing public comments 

on the October 6, 2014, supplemental 

proposed rule titled ‘‘National Emission 

Standards for Hazardous Air Pollutants: 

Ferroalloys Production’’ is being 

extended for 18 days. 

DATES: Comments. The public comment 

period for the supplemental proposed 

rule published in the Federal Register 

on October 6, 2014, (79 FR 60238) is 

being extended for 18 days to December 

8, 2014, in order to provide the public 

additional time to submit comments and 

supporting information. The EPA 

received a request for an extension from 

Eramet Marietta, Incorporated and 

Felman Production, LLC in order to 

gather and analyze data and formulate 

their comments on the supplemental 

proposed amendments. 

ADDRESSES: Comments. Written 

comments on the supplemental 

proposed rule may be submitted to EPA 

electronically, by mail, by facsimile or 

through hand delivery/courier. Please 

refer to the supplemental proposal (79 

FR 60238) for the addresses and detailed 

instructions. 

Docket. Publicly available documents 

relevant to this action are available for 

public inspection either electronically 

at: http://www.regulations.gov or in 

hard copy at the EPA Docket Center, 

Room 3334, 1301 Constitution Avenue 

NW., Washington, DC. The Public 

Reading Room is open from 8:30 a.m. to 

4:30 p.m., Monday through Friday, 

excluding legal holidays. A reasonable 

fee may be charged for copying. The 

official public docket for this 

rulemaking is Docket No. EPA–HQ– 

OAR–2010–0895. 

World Wide Web. The EPA Web site 

for this rulemaking is at: http://

www.epa.gov/ttn/atw/ferroa/

ferropg.html. 

FOR FURTHER INFORMATION CONTACT: Mr. 

Phil Mulrine, Metals and Inorganic 

Chemicals Group (D243–02), Sector 

Policies and Programs Division, Office 

of Air Quality Planning and Standards, 

U.S. Environmental Protection Agency, 

Research Triangle Park, North Carolina 

27711; Telephone number: (919) 541– 

5289; Fax number (919) 541–3207; 

Email address: mulrine.phil@epa.gov. 

SUPPLEMENTARY INFORMATION: 

Comment Period 

After considering the requests 

received from Eramet Marietta, 

Incorporated and Felman Production, 

LLC to extend the public comment 

period, the EPA has decided to extend 

the public comment period for an 

additional 18 days. Therefore, the 

public comment period will end on 

December 8, 2014, rather than 

November 20, 2014. This extension will 

help ensure that the public has 

sufficient time to review the proposed 

rule and the supporting technical 

documents and data available in the 

docket. 

List of Subjects in 40 CFR Part 63 

Air pollution control, Environmental 

protection, Hazardous substances, 

Incorporation by reference, Reporting 

and recordkeeping requirements. 

Dated: November 5, 2014. 

Mary E. Henigin, 

Acting Director, Office of Air Quality Planning 

and Standards. 

[FR Doc. 2014–27009 Filed 11–13–14; 8:45 am] 

BILLING CODE 6560–50–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 171 

[EPA–HQ–OPP–2005–0561; FRL–9915–88] 

RIN 2070–AJ20 

Notification of Submission to the 

Secretary of Agriculture; Certification 

of Pesticide Applicators Rule 

Revisions 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Notification of submission to 

the Secretary of Agriculture. 

SUMMARY: This document notifies the 

public as required by the Federal 

Insecticide, Fungicide, and Rodenticide 

Act (FIFRA) that the EPA Administrator 

has forwarded to the Secretary of the 

United States Department of Agriculture 

(USDA) a draft regulatory document 

concerning the certification of pesticide 

applicators rule revisions. The draft 

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