906 Federal Register / Vol. 80, No. 4 / Wednesday, January 7, 2015 / Notices 

1United States Postal Service FY 2014 Annual 

Compliance Report, December 29, 2014 (FY 2014 

ACR). Public portions of the Postal Service’s filing 

are available on the Commission’s Web site at 

http://www.prc.gov. 

2 In years prior to 2013, the Commission reviewed 

the Postal Service’s reports prepared pursuant to 39 

U.S.C. 2803 and 39 U.S.C. 2804 (filed as the 

Comprehensive Statement by the Postal Service) in 

its Annual Compliance Determination. However, as 

it did last year, the Commission intends to review 

these reports separately. 

radiation exposure; (iv) there is no 

significant construction impact; (v) 

there is no significant increase in the 

potential for or consequences from 

radiological accidents; and (vi) the 

requirements from which an exemption 

is sought involve: safeguard plans, and 

materials control and accounting 

inventory scheduling requirements; or 

involve other requirements of an 

administrative, managerial, or 

organizational nature. 

The Director, Division of Operating 

Reactor Licensing, Office of Nuclear 

Reactor Regulation, has determined that 

approval of the exemption request 

involves no significant hazards 

consideration because removing the 

requirement for a continuous 

communications system between the 

security alarm stations and the control 

room at KPS does not (1) involve a 

significant increase in the probability or 

consequences of an accident previously 

evaluated; or (2) create the possibility of 

a new or different kind of accident from 

any accident previously evaluated; or 

(3) involve a significant reduction in a 

margin of safety. The exempted security 

regulation is unrelated to the operation 

of KPS. Accordingly, there is no 

significant change in the types or 

significant increase in the amounts of 

any effluents that may be released 

offsite; and no significant increase in 

individual or cumulative public or 

occupational radiation exposure. The 

exempted regulation is not associated 

with construction, so there is no 

significant construction impact. The 

exempted regulation does not concern 

the source term (i.e., potential amount 

of radiation in an accident), nor 

mitigation. Therefore, there is no 

significant increase in the potential for, 

or consequences of, a radiological 

accident. The requirement for a 

continuous communication system 

between the security alarm stations and 

the control room may be viewed as 

involving either safeguards or 

managerial matters. 

Therefore, pursuant to 10 CFR 

51.22(b) and 51.22(c)(25), no 

environmental impact statement or 

environmental assessment need be 

prepared in connection with the 

approval of this exemption request. 

IV. Conclusions 

Accordingly, the Commission has 

determined that, pursuant to 10 CFR 

73.5, the exemption is authorized by 

law and will not endanger life or 

property or the common defense and 

security, and is otherwise in the public 

interest. Therefore, the Commission 

hereby grants DEK exemption from the 

requirement of 10 CFR 73.55(j)(4)(ii) for 

a system of continuous communication 

capability with the control room, 

provided that DEK maintains a system 

for continuous communication 

capability with the shift manager/CFH 

consistent with the method described in 

its submittal dated June 10, 2013. This 

exemption is effective when the system 

for continuous communication between 

the alarm stations and the shift 

manager/CFH is documented in DEK’s 

Physical Security Plan and functionally 

implemented. 

Dated at Rockville, Maryland, this 29th day 

of December 2014. 

For the Nuclear Regulatory Commission. 

George A. Wilson Jr., 

Acting Director, Division of Operating Reactor 

Licensing, Office of Nuclear Reactor 

Regulation. 

[FR Doc. 2015–00027 Filed 1–6–15; 8:45 am] 

BILLING CODE 7590–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. ACR2014; Order No. 2313] 

FY 2014 Annual Compliance Report 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Postal Service has filed 

an Annual Compliance Report on the 

costs, revenues, rates, and quality of 

service associated with its products in 

fiscal year 2014. Within 90 days, the 

Commission must evaluate that 

information and issue its determination 

as to whether rates were in compliance 

with title 39, chapter 36, and whether 

service standards in effect were met. To 

assist in this, the Commission seeks 

public comments on the Postal Service’s 

Annual Compliance Report. 

DATES: Comments are due: February 2, 

2015. Reply Comments are due: 

February 13, 2015. 

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. Overview of the Postal Service’s FY2014 

ACR 

III. Procedural Steps 

IV. Ordering Paragraphs 

I. Introduction 

On December 29, 2014, the United 

States Postal Service (Postal Service) 

filed with the Commission, pursuant to 

39 U.S.C. 3652, its Annual Compliance 

Report (ACR) for fiscal year (FY) 2014.1

Section 3652 requires submission of 

data and information on the costs, 

revenues, rates, and quality of service 

associated with postal products within 

90 days of the closing of each fiscal 

year. In conformance with other 

statutory provisions and Commission 

rules, the ACR includes the Postal 

Service’s FY 2014 Comprehensive 

Statement, its FY 2014 annual report to 

the Secretary of the Treasury on the 

Competitive Products Fund, and certain 

related Competitive Products Fund 

material. See respectively, 39 U.S.C. 

3652(g), 39 U.S.C. 2011(i), and 39 CFR 

3060.20–23. In line with past practice, 

some of the material in the FY 2014 

ACR appears in non-public annexes. 

The filing begins a review process that 

results in an Annual Compliance 

Determination (ACD) issued by the 

Commission to determine whether 

Postal Service products offered during 

FY 2014 are in compliance with 

applicable title 39 requirements. 

II. Overview of the Postal Service’s FY 

2014 ACR 

Contents of the filing. The Postal 

Service’s FY 2014 ACR consists of a 51- 

page narrative; extensive additional 

material appended as separate folders 

and identified in Attachment One; and 

an application for non-public treatment 

of certain materials, along with 

supporting rationale, filed as 

Attachment Two. The filing also 

includes the Comprehensive 

Statement,2 Report to the Secretary of 

the Treasury, and information on the 

Competitive Products Fund filed in 

response to Commission rules. This 

material has been filed electronically 

with the Commission, and some also 

has been filed in hard-copy form. 

Scope of filing. The material 

appended to the narrative consists of: 

(1) Domestic product costing material 

filed on an annual basis summarized in 

the Cost and Revenue Analysis (CRA); 

(2) comparable international costing 

material summarized in the 


rljohnson on DSK3VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 4 / Wednesday, January 7, 2015 / Notices 907 

3The Postal Service notes that a structural lag 

resulted from the implementation of prices from 

Docket Nos. R2013–10 and R2013–11 on January 

26, 2014. Because of that lag, it is unable to rely 

on any of the worksharing exceptions for certain 

workshare passthroughs exceeding 100 percent. It 

states that it will correct those passthroughs as 

quickly as possible in future price adjustments. Id. 

at 6. 

4 Docket No. ACR2010–R, Order on Remand, 

August 9, 2012 (Order No. 1427). 

International Cost and Revenue 

Analysis (ICRA); (3) worksharing-related 

cost studies; and (4) billing determinant 

information for both domestic and 

international mail. FY 2014 ACR at 2. 

Inclusion of these four data sets is 

consistent with the Postal Service’s past 

ACR practices. As with past ACRs, the 

Postal Service has split certain materials 

into public and non-public versions. Id. 

at 2–3. 

‘‘Roadmap’’ document. A roadmap to 

the FY 2014 ACR appears as Library 

Reference USPS–FY14–9. This 

document provides brief descriptions of 

the materials submitted, as well as the 

flow of inputs and outputs among them; 

a discussion of differences in 

methodology relative to Commission 

methodologies in last year’s ACD; and a 

list of special studies and a discussion 

of obsolescence, as required by 

Commission rule 3050.12. Id. at 3. 

Methodology. The Postal Service 

states that it has adhered to the 

methodologies historically used by the 

Commission subject to changes 

identified and discussed in a separate 

section of the roadmap document and in 

prefaces accompanying the appended 

folders. Id. at 4. Changes in analytical 

principles proposed by the Postal 

Service for use in the FY 2014 ACR are 

identified and summarized in a table. 

Id. at 4–5. The table omits more recent 

proposed changes that the Postal 

Service does not hope to implement 

until preparing reports for Fiscal Year 

2015. Id. at 4. 

Market dominant product-by-product 

costs, revenues, and volumes. 

Comprehensive cost, revenue, and 

volume data for all market dominant 

products of general applicability are 

shown directly in the FY 2014 CRA or 

ICRA. Id. at 6. 

The FY 2014 ACR includes a 

discussion by class of each market 

dominant product, including costs, 

revenues, and volumes, workshare 

discounts and passthroughs responsive 

to 39 U.S.C. 3652(b), and FY 2014 

incentive programs. Id. at 6–38.3 In 

addition, in response to Order No. 

1427,4 the Postal Service also provides 

a schedule of future price increases for 

Standard Mail Flats. FY 2014 ACR at 20. 

Market dominant negotiated service 

agreements. The FY 2014 ACR presents 

information on market dominant 

negotiated service agreements (NSAs). 

Id. at 37–38. 

Forthcoming Information. The Postal 

Service represents that due to the 

unavailability of staff during the holiday 

season, it was unable to include certain 

information in this filing. It states that 

the following information will be filed 

with the Commission in ‘‘early 

January’’: 

• A description of all operational 

changes designed to reduce costs for 

Standard Mail Flats in FY 2014 as 

required by the Commission in the FY 

2010 ACD. Id. at 19 n.7. 

• A description of costing 

methodology or measurement 

improvements made to the Standard 

Mail Flats product in FY 2014 and an 

estimate of the financial effects of such 

changes as required by the Commission 

in the FY 2010 ACD. Id. 

• A statement summarizing the 

historical and current fiscal year 

subsidy of the Standard Mail Flats 

product and an estimated timeline for 

phasing out that subsidy as required by 

the Commission in the FY 2010 ACD. 

Id. 

• A detailed analysis of progress 

made in improving Periodicals cost 

coverage as required by the Commission 

in the FY 2013 ACD. Id. at 32 n.14. The 

Postal Service is directed to provide this 

information no later than January 5, 

2015. 

Service performance. The Postal 

Service notes that the Commission 

issued rules on periodic reporting of 

service performance measurement and 

customer satisfaction in FY 2010. 

Responsive information appears in 

Library Reference USPS–FY14–29. Id. at 

39. 

Customer satisfaction. The FY 2014 

ACR discusses the Postal Service’s 

approach for measuring customer 

experience and satisfaction; describes 

the methodology; presents a table with 

survey results; and compares the results 

from FY 2013 to FY 2014. Id. at 40–43. 

Competitive products. The FY 2014 

ACR provides costs, revenues, and 

volumes for competitive products of 

general applicability in the FY 2014 

CRA or ICRA. For competitive products 

not of general applicability, data is 

provided in non-public Library 

References USPS–FY14–NP2 and 

USPS–FY14–NP27. The FY 2014 ACR 

also addresses the competitive product 

pricing standards of 39 U.S.C. 3633. Id. 

at 44–47. 

Market tests; nonpostal services. The 

Postal Service discusses the market 

dominant market test conducted during 

FY 2014, the three competitive market 

tests conducted during FY 2014, and 

nonpostal services. Id. at 48–49. 

III. Procedural Steps 

Statutory requirements. Section 3653 

of title 39 requires the Commission to 

provide interested persons with an 

opportunity to comment on the ACR 

and to appoint an officer of the 

Commission (Public Representative) to 

represent the interests of the general 

public. The Commission hereby solicits 

public comment on the Postal Service’s 

FY 2014 ACR and on whether any rates 

or fees in effect during FY 2014 (for 

products individually or collectively) 

were not in compliance with applicable 

provisions of chapter 36 of title 39 (or 

regulations promulgated thereunder). 

Commenters addressing market 

dominant products are referred in 

particular to the applicable 

requirements (39 U.S.C. 3622(d) and (e) 

and 3626); objectives (39 U.S.C. 

3622(b)); and factors (39 U.S.C. 3622(c)). 

Commenters addressing competitive 

products are referred to 39 U.S.C. 3633. 

The Commission also invites public 

comment on the cost coverage matters 

the Postal Service addresses in its filing; 

service performance results; levels of 

customer satisfaction achieved; and 

such other matters that may be relevant 

to the Commission’s review. 

Access to filing. The Commission has 

posted the publicly available portions of 

the FY 2014 ACR on its Web site at 

http://www.prc.gov. 

Comment deadlines. Comments by 

interested persons are due on or before 

February 2, 2015. Reply comments are 

due on or before February 13, 2015. The 

Commission, upon completion of its 

review of the FY 2014 ACR, public 

comments, and other data and 

information submitted in this 

proceeding, will issue its ACD. Those 

needing assistance filing electronically 

may contact the Docket Section 

supervisor at 202–789–6846 or via email 

at prc-dockets@prc.gov. Inquiries about 

access to non-public materials should 

also be directed to the Docket Section. 

Public Representative. Tracy Ferguson 

is designated to serve as the Public 

Representative to represent the interests 

of the general public in this proceeding. 

Neither the Public Representative nor 

any additional persons assigned to assist 

her shall participate in or advise as to 

any Commission decision in this 

proceeding other than in their 

designated capacity. 

IV. Ordering Paragraphs 

It is ordered: 

1. The Commission establishes Docket 

No. ACR2014 to consider matters raised 


rljohnson on DSK3VPTVN1PROD with NOTICES
908 Federal Register / Vol. 80, No. 4 / Wednesday, January 7, 2015 / Notices 

1 15 U.S.C. 78k–1. 

2 17 CFR 242.608. 

3Each participant executed the proposed 

amendment. The Participants are: BATS Exchange, 

Inc., BATS–Y Exchange, Inc., Chicago Board 

Options Exchange, Incorporated, Chicago Stock 

Exchange, Inc., EDGA Exchange, Inc. (‘‘EDGA’’), 

EDGX Exchange, Inc. (‘‘EDGX’’), Financial Industry 

Regulatory Authority, Inc. (‘‘FINRA’’), International 

Securities Exchange, LLC, NASDAQ OMX BX, Inc. 

(‘‘Nasdaq BX’’), NASDAQ OMX PHLX, Inc. 

(‘‘Nasdaq PSX’’), Nasdaq Stock Market LLC, 

National Stock Exchange, New York Stock 

Exchange LLC (‘‘NYSE’’), NYSE MKT LLC (formerly 

NYSE Amex, Inc.), and NYSE Arca, Inc. (‘‘NYSE 

Arca’’). 

4See Securities Exchange Act Release No. 10787 

(May 10, 1974), 39 FR 17799 (declaring the CTA 

Plan effective). The CTA Plan, pursuant to which 

markets collect and disseminate last sale price 

information for non-NASDAQ listed securities, is a 

‘‘transaction reporting plan’’ under Rule 601 under 

the Act, 17 CFR 242.601, and a ‘‘national market 

system plan’’ under Rule 608 under the Act, 17 CFR 

242.608. 

5See Securities Exchange Act Release No. 69561 

(May 13, 2013), 78 FR 29190 (May, 17, 2013) (SR– 

FINRA–2013–013). 

by the United States Postal Service’s FY 

2014 Annual Compliance Report. 

2. The Postal Service is directed to 

provide the Commission with the 

material listed in the Forthcoming 

Information section of this order no later 

than January 5, 2015. 

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

Commission appoints Tracy Ferguson as 

an officer of the Commission (Public 

Representative) in this proceeding to 

represent the interests of the general 

public. 

4. Comments on the United States 

Postal Service’s FY 2014 Annual 

Compliance Report to the Commission, 

including the Comprehensive Statement 

of Postal Operations and other reports, 

are due on or before February 2, 2015. 

5. Reply comments are due on or 

before February 13, 2015. 

6. The Secretary shall arrange for 

publication of this order in the Federal 

Register. 

By the Commission. 

Shoshana M. Grove, 

Secretary. 

[FR Doc. 2014–30976 Filed 1–6–15; 8:45 am] 

BILLING CODE 7710–FW–P 

RAILROAD RETIREMENT BOARD 

Sunshine Act; Notice of Closed 

Meeting 

Notice is hereby given that the 

Railroad Retirement Board will hold a 

meeting on January 15, 2015, 10:00 a.m. 

at the Board’s meeting room on the 8th 

floor of its headquarters building, 844 

North Rush Street, Chicago, Illinois 

60611. The agenda for this meeting 

follows: 

Closed meeting notice: 

(1) Director of Programs Position 

The person to contact for more 

information is Martha P. Rico, Secretary 

to the Board, Phone No. 312–751–4920. 

Dated: January 5, 2015. 

Martha P. Rico, 

Secretary to the Board. 

[FR Doc. 2015–00060 Filed 1–5–15; 11:15 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–73971; File No. SR–CTA– 

2014–04] 

Consolidated Tape Association; Notice 

of Filing of the Nineteenth Substantive 

Amendment to the Second 

Restatement of the CTA Plan 

December 31, 2014. 

Pursuant to Section 11A of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 608 thereunder,2

notice is hereby given that on December 

24, 2014, the Consolidated Tape 

Association (‘‘CTA’’) Plan participants 

(‘‘Participants’’) 3 filed with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposal to amend 

the Second Restatement of the CTA Plan 

(the ‘‘CTA Plan’’).4 The amendment 

proposes to shorten the maximum time 

within which Participants must report 

trades from 90 seconds to 10 seconds, 

subject to the Participants’ obligation to 

report trades as soon as practicable. The 

Commission is publishing this notice to 

solicit comments from interested 

persons on the proposed amendment. 

I. Rule 608(a) 

A. Purpose of the Amendment 

Currently, Section VIII(a) 

(Responsibility of Exchange 

Participants) of the CTA Plan provides 

that each Participant will ‘‘(i) report all 

last sale prices relating to transactions 

in Eligible Securities as promptly as 

possible, (ii) establish and maintain 

collection and reporting procedures and 

facilities such as to assure that under 

normal conditions not less than 90% of 

such last sale prices will be reported 

within that period of time (not in excess 

of one and one-half minutes) after the 

time of execution as may be determined 

by CTA from time to time in light of 

experience, and (iii) designate as ‘‘late’’ 

any last sale price not collected and 

reported in accordance with the abovereferenced procedures.’’ 

The amendment proposes to reduce 

from one-and-one-half minutes to 10 

seconds the maximum amount of time 

by which each Participant is required to 

report trades. In addition to reducing 

the time frame, the Participants propose 

to revise the language of the 

requirement so that it requires the 

Participants to report ‘‘as soon as 

practicable, but not later than 10 

seconds,’’ after the time of execution of 

the trade. The amendment also proposes 

to remove the qualifier that called for 

trade reports to meet the time 

requirement not less than 90 percent of 

the time under normal conditions. 

The Participants note that, during 

2013, the Commission approved a 

FINRA rule amendment that modified 

FINRA’s trade reporting rules to require 

that FINRA members report over-thecounter transactions in Eligible 

Securities to FINRA as soon as 

practicable, but no later than 10 

seconds, following execution.5 The 

FINRA rule does not qualify the 10- 

second requirement by providing that 

one must comply 90 percent of the time 

under normal conditions. No other 

Participant has a trade reporting rule 

that permits trade reporting more than 

10 seconds after execution. As a result, 

shortening the trade reporting time 

under the CTA Plan seems warranted. 

In addition, the Participants 

understand that, contemporaneously 

with the filing of this amendment, the 

Participants in the UTP Plan 

contemplate submitting a plan 

amendment that would amend the 

trade-reporting requirement under that 

plan to provide for the same tradereporting requirements as the CTA Plan 

Participants propose under this 

Agreement. 

B. Additional Information Required by 

Rule 608(a) 

1. Impact of the Proposed Amendment 

The Participants report the vast 

majority of trade reports in well less 

than 10 seconds, so that the Plan 

amendment is not likely to have a 

practical impact on trade reporting. 

2. Governing or Constituent Documents 

Not applicable. 


rljohnson on DSK3VPTVN1PROD with NOTICES