Federal Register / Vol. 79, No. 225 / Friday, November 21, 2014 / Notices 69539 

1United States Postal Service Notice of Type 2 

Rate Adjustment, Notice Filing Functionally 

Equivalent Agreement and Application for 

Nonpublic Treatment, November 14, 2014 (Notice). 

2 Id. at 8–11. See also Docket Nos. MC2010–35, 

R2010–5, and R2010–6, Order No. 549, Order 

Adding Inbound Market Dominant Multi-Service 

Agreements with Foreign Postal Operators 1 to the 

Market Dominant Product List and Approving 

Included Agreements, September 30, 2010; Docket 

No. R2013–9, Order No. 2148, Order Granting, in 

Part, Motion for Partial Reconsideration of Order 

No. 1864 and Modifying, in Part, Order No. 1864, 

August 11, 2014. 

Total Annual costs: To be determined. 

Public Comments Invited: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB’s clearance of this 

information collection. 

FOR FURTHER INFORMATION CONTACT: 

Christopher J. Reich, Senior Advisor, 

Institute of Museum and Library 

Services, 1800 M St. NW., 9th Floor, 

Washington, DC 20036. Mr. Reich can 

be reached by Telephone: 202–653– 

4685, Fax: 202–653–4608, or by email at 

creich@imls.gov, or by teletype (TTY/

TDD) for persons with hearing difficulty 

at 202–653–4614. Office hours are from 

8:30 a.m. to 5 p.m., E.T., Monday 

through Friday, except Federal holidays. 

Dated: November 17, 2014. 

Kim Miller, 

Management Analyst. 

[FR Doc. 2014–27652 Filed 11–20–14; 8:45 am] 

BILLING CODE 7036–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. R2015–3; Order No. 2251] 

International Mail Contract 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Commission is noticing a 

recent Postal Service filing concerning a 

Type 2 rate adjustment and the filing of 

a related negotiated service agreement 

with PostNL. This notice informs the 

public of the filing, invites public 

comment, and takes other 

administrative steps. 

DATES: Comments are due: December 2, 

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. Contents of Filing 

III. Commission Action 

IV. Ordering Paragraphs 

I. Introduction 

On November 14, 2014, the Postal 

Service filed a notice, pursuant to 39 

CFR 3010.40 et seq., announcing a Type 

2 rate adjustment in conjunction with a 

new negotiated service agreement.1 The 

Notice concerns the inbound portion of 

a bilateral agreement with Royal PostNL 

BV (PostNL) (Agreement), which the 

Postal Service seeks to include within 

the Inbound Market Dominant MultiService Agreements with Foreign Postal 

Operators 1 (Docket Nos. MC2010–35, 

R2010–5 and R2010–6) product. Notice 

at 1. 

II. Contents of Filing 

The Postal Service’s filing consists of 

the Notice, two attachments, and 

redacted and unredacted versions of an 

Excel file with supporting financial 

workpapers. Id. at 2. Attachment 1 is an 

application for non-public treatment of 

material filed under seal with the 

Commission. Id. Attachment 2 is a 

redacted copy of the Agreement. Id. The 

Postal Service includes a redacted 

version of the financial workpapers with 

its filing as a separate public Excel file. 

The Postal Service states that the 

intended effective date of the Agreement 

is January 1, 2015; asserts that it is 

providing more than the 45 days 

advance notice required under 39 CFR 

3010.41; and identifies the parties to the 

Agreement as the United States Postal 

Service and PostNL, the postal operator 

for the Netherlands. Id. at 3–4. 

Reporting requirements. Rule 3010.43 

requires the Postal Service to submit a 

detailed data collection plan. In lieu of 

a special data collection for the 

Agreement, the Postal Service proposes 

to report information on the Agreement 

through the Annual Compliance Report. 

Id at 7. The Postal Service also invokes, 

with respect to service performance 

measurement reporting under rule 

3055.3(a)(3), the standing exception in 

Order No. 996 for all agreements filed in 

the Inbound Market Dominant MultiService Agreements with Foreign Postal 

Operators 1 product grouping. Id. 

Consistency with applicable statutory 

criteria. The Postal Service observes that 

Commission review of a negotiated 

service agreement addresses three 

statutory criteria, whether the 

agreement: (1) improves the Postal 

Service’s net financial position or 

enhances the performance of 

operational functions; (2) will not cause 

unreasonable harm to the marketplace; 

and (3) will be available on public and 

reasonable terms to similarly-situated 

mailers. Id. at 7–8 (citing 39 U.S.C. 

3622(c)(10)). The Postal Service asserts 

that it addresses the first two criteria in 

its Notice and that the third is 

inapplicable, as there are no entities 

similarly situated to PostNL in terms of 

their ability to tender broad-based Letter 

Post flows from the Netherlands. Id. at 

8. 

Functional equivalence. The Postal 

Service addresses reasons why it 

considers the Agreement functionally 

equivalent to the Koninklijke TNT 

PostBV and TNT Post Pakketservice 

Benelux BV (TNT Agreement) baseline 

agreement, notwithstanding 

acknowledgement and identification of 

similarities and differences.2 The Postal 

Service asserts that it does not consider 

that the specified differences detract 

from the conclusion that the Agreement 

is functionally equivalent to the 

baseline TNT Agreement. Id. at 11. 

III. Commission Action 

The Commission, in conformance 

with rule 3010.44, establishes Docket 

No. R2015–3 to consider issues raised 

by the Notice. The Commission invites 

comments from interested persons on 

whether the Agreement is consistent 

with 39 U.S.C. 3622 and the 

requirements of 39 CFR part 3010. 

Comments are due no later than 

December 2, 2014. The public portions 

of this filing can be accessed via the 

Commission’s Web site (http://

www.prc.gov). Information on how to 

obtain access to non-public material 

appears in 39 CFR part 3007. 

The Commission appoints James F. 

Callow to represent the interests of the 

general public (Public Representative) 

in this docket. 

IV. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. R2015–3 for consideration of 

matters raised by the Postal Service’s 

Notice. 

2. Pursuant to 39 U.S.C. 505, James F. 

Callow is appointed to serve as an 

officer of the Commission (Public 

Representative) to represent the 

interests of the general public in this 

proceeding. 

3. Comments by interested persons in 

this proceeding are due no later than 

December 2, 2014. 

4. The Secretary shall arrange for 

publication of this order in the Federal 

Register. 

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69540 Federal Register / Vol. 79, No. 225 / Friday, November 21, 2014 / Notices 

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

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The Commission originally approved the listing 

and trading of the Shares on the Exchange on 

February 8, 2013. See Securities Exchange Act 

Release No. 68870 (February 8, 2013), 78 FR 11245 

(February 15, 2013) (SR–NYSEArca–2012–139) 

(‘‘Prior Order’’). See also Securities Exchange Act 

Release No. 68458 (December 18, 2012), 77 FR 

76148 (December 26, 2012) (SR–NYSEArca–2012– 

139) (‘‘Prior Notice,’’ and together with the Prior 

Order, the ‘‘Prior Release’’). 

5The Trust is registered under the Investment 

Company Act of 1940 (‘‘1940 Act’’). On February 

28, 2014, the Trust filed with the Commission an 

amendment to its registration statement on Form N– 

1A (File Nos. 333–176976 and 811–22245) under 

the Securities Act of 1933 (‘‘Securities Act’’) and 

under the 1940 Act relating to the Fund 

(‘‘Registration Statement’’). The descriptions of the 

Shares and the Fund contained herein are based, in 

part, on information in the Registration Statement. 

In addition, the Commission has issued an order 

granting certain exemptive relief to the Trust under 

the 1940 Act. See Investment Company Act Release 

No. 30029 (April 10, 2012) (File No. 812–13795) 

(the ‘‘Exemptive Order’’). 

By the Commission. 

Shoshana M. Grove, 

Secretary. 

[FR Doc. 2014–27562 Filed 11–20–14; 8:45 am] 

BILLING CODE 7710–FW–P 

RAILROAD RETIREMENT BOARD 

Actuarial Advisory Committee With 

Respect to the Railroad Retirement 

Account 

Notice of Public Meeting 

Notice is hereby given in accordance 

with Public Law 92–463 that the 

Actuarial Advisory Committee will hold 

a meeting on December 17, 2014, at 

10:30 a.m. at the office of the Chief 

Actuary of the U.S. Railroad Retirement 

Board, 844 North Rush Street, Chicago, 

Illinois, on the conduct of the 26th 

Actuarial Valuation of the Railroad 

Retirement System. The agenda for this 

meeting will include a discussion of the 

assumptions to be used in the 26th 

Actuarial Valuation. A report containing 

recommended assumptions and the 

experience on which the 

recommendations are based will have 

been sent by the Chief Actuary to the 

Committee before the meeting. 

The meeting will be open to the 

public. Persons wishing to submit 

written statements or make oral 

presentations should address their 

communications or notices to the 

Actuarial Advisory Committee, c/o 

Chief Actuary, U.S. Railroad Retirement 

Board, 844 North Rush Street, Chicago, 

Illinois 60611–2092. 

Martha P. Rico, 

Secretary to the Board. 

[FR Doc. 2014–27542 Filed 11–20–14; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Public Law 94–409, that 

the Securities and Exchange 

Commission will hold a Closed Meeting 

on Wednesday, November 19, 2014 at 

4:00 p.m. 

Commissioners, Counsel to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the Closed Meeting. Certain 

staff members who have an interest in 

the matters also may be present. 

The General Counsel of the 

Commission, or her designee, has 

certified that, in her opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (7), 9(B) and (10) 

and 17 CFR 200.402(a)(3), (5), (7), 9(ii) 

and (10), permit consideration of the 

scheduled matter at the Closed Meeting. 

Commissioner Gallagher, as duty 

officer, voted to consider the items 

listed for the Closed Meeting in closed 

session, and determined that no earlier 

notice thereof was possible. 

The subject matter of the Closed 

Meeting will be: 

Other matters relating to enforcement 

proceedings. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have been 

added, deleted or postponed, please 

contact the Office of the Secretary at 

(202) 551–5400. 

Dated: November 19, 2014. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2014–27800 Filed 11–19–14; 4:15 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73613; File No. SR– 

NYSEArca–2014–127] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change Relating to Use of 

Derivative Instruments by the First 

Trust Preferred Securities and Income 

ETF 

November 17, 2014. 

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

Securities Exchange Act of 1934 (the 

‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that, on 

November 5, 2014, NYSE Arca, Inc. (the 

‘‘Exchange’’ or ‘‘NYSE Arca’’) 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 

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 reflect a 

change to the means of achieving the 

investment objective applicable to the 

First Trust Preferred Securities and 

Income ETF (the ‘‘Fund’’) relating to its 

use of derivative instruments. The Fund 

is currently listed and traded on the 

Exchange under NYSE Arca Equities 

Rule 8.600 (‘‘Managed Fund Shares’’). 

The text of the proposed rule change is 

available on the Exchange’s Web site at 

www.nyse.com, at the principal office of 

the Exchange, 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 

self-regulatory organization 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 those 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 parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Commission has approved listing 

and trading on the Exchange of shares 

(‘‘Shares’’) of the Fund under NYSE 

Arca Equities Rule 8.600, which governs 

the listing and trading of Managed Fund 

Shares on the Exchange.4 The Shares are 

offered by the First Trust ExchangeTraded Fund III (the ‘‘Trust’’), which 

was organized as a Massachusetts 

business trust and is registered with the 

Commission as an open-end 

management investment company.5

First Trust Advisors L.P. (‘‘First Trust 

Advisors’’) is the investment adviser 

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