61248 Federal Register / Vol. 77, No. 195 / Tuesday, October 9, 2012 / Rules and Regulations 

applicable laws, regulations, and 

supervisory guidance. 

(2) The board of directors of the 

covered institution, or a committee 

thereof, shall approve and review the 

policies and procedures of the covered 

institution’s stress testing processes as 

frequently as economic conditions or 

the condition of the institution may 

warrant, but no less than annually. The 

board of directors and senior 

management must be provided with a 

summary of the stress test results. 

§ 46.7 Reports to the Office of the 

Comptroller of the Currency and the Federal 

Reserve Board. 

(a) $10 to $50 billion covered 

institution. A $10 to $50 billion covered 

institution must report to the OCC and 

to the Board of Governors of the Federal 

Reserve System, on or before March 31, 

the results of the stress test in the 

manner and form specified by the OCC. 

(b) Over $50 billion covered 

institution. An over $50 billion covered 

institution must report to the OCC and 

to the Board of Governors of the Federal 

Reserve System, on or before January 5, 

the results of the stress test in the 

manner and form specified by the OCC. 

(c) Confidentiality of Reports. As 

provided by § 4.32(b) of this title, the 

report required under this section is 

non-public OCC information because it 

is deemed to be a record created or 

obtained by the OCC in connection with 

the OCC’s performance of its 

responsibilities, such as a record 

concerning supervision, licensing, 

regulations, and examination, of a 

national bank, a Federal savings 

association, a bank holding company, a 

savings and loan holding company, or 

an affiliate. The report is the property of 

the OCC and unauthorized disclosure of 

the report is generally prohibited 

pursuant to § 4.37 of this part. 

§ 46.8 Publication of disclosures. 

(a) Publication date. (1) An over $50 

billion covered institution must publish 

a summary of the results of its annual 

stress tests in the period starting March 

15 and ending March 31 of the next 

calendar year. 

(2) A $10 to $50 billion covered 

institution must publish a summary of 

the results of its annual stress test in the 

period starting June 15 and ending June 

30 of the next calendar year. 

(3) A $10 to $50 billion covered 

institution that is subject to its first 

annual stress test pursuant to 

§ 46.3(b)(1) of this part must make its 

initial public disclosure in the period 

starting June 15 and ending June 30 of 

2015 by disclosing the results of a stress 

test conducted in 2014, using financial 

statement data as of September 30, 2014. 

(b) Publication method. The summary 

required under this section may be 

published on the covered institution’s 

Web site or in any other forum that is 

reasonably accessible to the public. A 

covered institution controlled by a bank 

holding company that is required to 

conduct an annual company-run stress 

test under applicable regulations of the 

Board of Governors of the Federal 

Reserve System will be deemed to have 

satisfied the publication requirement of 

this section when the bank holding 

company publicly discloses summary 

results of its annual stress test in 

satisfaction of the requirements of 

applicable regulations of the Board of 

Governors of the Federal Reserve 

System, unless the OCC determines that 

the disclosures at the holding company 

level do not adequately capture the 

potential impact of the scenarios on the 

capital of the covered institution. 

(c) Information to be disclosed in the 

summary. The information disclosed 

shall, at a minimum, include— 

(1) A description of the types of risks 

included in the stress test under this 

part; 

(2) A summary description of the 

methodologies used in the stress test; 

(3) Estimates of aggregate losses, preprovision net revenue, provisions for 

loan and lease losses, net income, and 

pro forma capital ratios (including 

regulatory and any other capital ratios 

specified by the OCC); and 

(4) An explanation of the most 

significant causes of the changes in 

regulatory capital ratios. 

(d) Disclosure of estimates for the 

planning horizon. (1) The disclosure of 

the estimates of aggregate losses, preprovision net revenue, provisions for 

loan and lease losses, net income, and 

pro forma capital ratios (including 

regulatory and any other capital ratios 

specified by the OCC), as required by 

paragraph (b) of this section, must 

reflect the estimated cumulative effects, 

as well as the estimated capital ratios, 

at the end of the planning horizon for 

the severely adverse scenario. 

(2) With respect to the capital ratio 

disclosure required in paragraph (d)(1) 

of this section, the disclosure must also 

include the value at the beginning of the 

planning horizon, and the minimum 

over the planning horizon of the 

estimated quarter-end values of each 

ratio. 

Dated: October 1, 2012. 

Thomas J. Curry, 

Comptroller of the Currency. 

[FR Doc. 2012–24608 Filed 10–5–12; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

Docket No. FAA–2012–0379; Airspace 

Docket No. 12–ANM–7 

Establishment of Class E Airspace; 

Deer Lodge, MT 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: This action establishes Class 

E airspace at Deer Lodge-City-County 

Airport, Deer Lodge, MT. Controlled 

airspace is necessary to accommodate 

aircraft using new Area Navigation 

(RNAV) Global Positioning System 

(GPS) standard instrument approach 

procedures at Deer Lodge-City-County 

Airport. This improves the safety and 

management of Instrument Flight Rules 

(IFR) operations at the airport. 

DATES: Effective date, 0901 UTC, 

January 10, 2013. The Director of the 

Federal Register approves this 

incorporation by reference action under 

1 CFR part 51, subject to the annual 

revision of FAA Order 7400.9 and 

publication of conforming amendments. 

FOR FURTHER INFORMATION CONTACT: 

Eldon Taylor, Federal Aviation 

Administration, Operations Support 

Group, Western Service Center, 1601 

Lind Avenue SW., Renton, WA 98057; 

telephone (425) 203–4537. 

SUPPLEMENTARY INFORMATION: 

History 

On July 17, 2012, the FAA published 

in the Federal Register a notice of 

proposed rulemaking (NPRM) to 

establish controlled airspace at Deer 

Lodge, MT (77 FR 41939). Interested 

parties were invited to participate in 

this rulemaking effort by submitting 

written comments on the proposal to the 

FAA. No comments were received. 

Class E airspace designations are 

published in paragraph 6005, of FAA 

Order 7400.9W dated August 8, 2012, 

and effective September 15, 2012, which 

is incorporated by reference in 14 CFR 

71.1. The Class E airspace designations 

listed in this document will be 

published subsequently in that Order. 

The Rule 

This action amends Title 14 Code of 

Federal Regulations (14 CFR) Part 71 by 

establishing Class E airspace, extending 

upward from 700 feet above the surface, 

at Deer Lodge-City-County Airport, to 

accommodate IFR aircraft executing 

new RNAV (GPS) standard instrument 

approach procedures at the airport. This 


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Federal Register / Vol. 77, No. 195 / Tuesday, October 9, 2012 / Rules and Regulations 61249 

action is necessary for the safety and 

management of IFR operations. 

The FAA has determined this 

regulation only involves an established 

body of technical regulations for which 

frequent and routine amendments are 

necessary to keep them operationally 

current. Therefore, this regulation: (1) Is 

not a ‘‘significant regulatory action’’ 

under Executive Order 12866; (2) is not 

a ‘‘significant rule’’ under DOT 

Regulatory Policies and Procedures (44 

FR 11034; February 26, 1979); and (3) 

does not warrant preparation of a 

regulatory evaluation as the anticipated 

impact is so minimal. Since this is a 

routine matter that will only affect air 

traffic procedures and air navigation, it 

is certified this rule, when promulgated, 

will not have a significant economic 

impact on a substantial number of small 

entities under the criteria of the 

Regulatory Flexibility Act. The FAA’s 

authority to issue rules regarding 

aviation safety is found in Title 49 of the 

U.S. Code. Subtitle 1, Section 106 

discusses the authority of the FAA 

Administrator. Subtitle VII, Aviation 

Programs, describes in more detail the 

scope of the agency’s authority. This 

rulemaking is promulgated under the 

authority described in Subtitle VII, Part 

A, Subpart I, Section 40103. Under that 

section, the FAA is charged with 

prescribing regulations to assign the use 

of airspace necessary to ensure the 

safety of aircraft and the efficient use of 

airspace. This regulation is within the 

scope of that authority as it establishes 

controlled airspace at Deer Lodge-CityCounty Airport, Deer Lodge, MT. 

Environmental Review 

The FAA has determined that this 

action qualifies for categorical exclusion 

under the National Environmental 

Policy Act in accordance with FAA 

Order 1050.1E, ‘‘Environmental 

Impacts: Policies and Procedures,’’ 

paragraph 311a. This airspace action is 

not expected to cause any potentially 

significant environmental impacts, and 

no extraordinary circumstances exist 

that warrant preparation of an 

environmental assessment. 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (air). 

Adoption of the Amendment 

In consideration of the foregoing, the 

Federal Aviation Administration 

amends 14 CFR part 71 as follows: 

PART 71—DESIGNATION OF CLASS A, 

B, C, D AND E AIRSPACE AREAS; AIR 

TRAFFIC SERVICE ROUTES; AND 

REPORTING POINTS 

■ 1. The authority citation for 14 CFR 

part 71 continues to read as follows: 

Authority: 49 U.S.C. 106(g), 40103, 40113, 

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 

1963 Comp., p. 389. 

§ 71.1 [Amended] 

■ 2. The incorporation by reference in 

14 CFR 71.1 of the Federal Aviation 

Administration Order 7400.9W, 

Airspace Designations and Reporting 

Points, dated August 8, 2012, and 

effective September 15, 2012 is 

amended as follows: 

Paragraph 6005 Class E airspace areas 

extending upward from 700 feet or more 

above the surface of the earth. 

* * * * * 

ANM MT E5 Deer Lodge, MT [New] 

Deer Lodge-City-County Airport, MT 

(Lat. 46°23′16′′ N., long. 112°45′54′′ W.) 

That airspace extending upward from 700 

feet above the surface within a 7.6-mile 

radius of the Deer Lodge-City-County 

Airport; that airspace extending upward from 

1,200 feet above the surface bounded by a 

line beginning at lat. 46°41′00′′ N., long. 

114°08′00′′ W.; to lat. 47°03′00′′ N., long. 

113°33′00′′ W.; to lat. 46°28′00′′ N., long. 

112°15′00′′ W.; to lat. 45°41′00′′ N., long. 

112°13′00′′ W.; to lat. 45°44′00′′ N., long. 

113°03′00′′ W.; thence to the point of origin. 

Issued in Seattle, Washington, on 

September 25, 2012. 

Vered Lovett, 

Acting Manager, Operations Support Group, 

Western Service Center. 

[FR Doc. 2012–24663 Filed 10–5–12; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF COMMERCE 

Bureau of Industry and Security 

15 CFR Part 744 

[Docket No. 120816347–2347–01] 

RIN 0694–AF77 

Addition of Certain Persons to the 

Entity List 

AGENCY: Bureau of Industry and 

Security, Commerce. 

ACTION: Final rule. 

SUMMARY: This rule amends the Export 

Administration Regulations (EAR) by 

adding one hundred and sixty-four 

persons under one hundred and sixtyfive entries to the Entity List. The 

persons who are added to the Entity List 

have been determined by the U.S. 

Government to be acting contrary to the 

national security or foreign policy 

interests of the United States. These 

persons will be listed on the Entity List 

under twelve destinations. These 

additions to the Entity List consist of 

one person under Belize; thirteen 

persons under Canada; two persons 

under Cyprus; one person under 

Estonia; eleven persons under Finland; 

five persons under Germany; one person 

under Greece; two persons under Hong 

Kong; one person under Kazakhstan; 

one hundred and nineteen persons 

under Russia; two persons under 

Sweden; and seven persons under the 

United Kingdom, including six persons 

located in the British Virgin Islands. 

The Entity List provides notice to the 

public that certain exports, reexports, 

and transfers (in-country) to entities 

identified on the Entity List require a 

license from the Bureau of Industry and 

Security (BIS) and that availability of 

license exceptions in such transactions 

is limited. 

DATES: Effective Date: This rule is 

effective October 9, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Karen Nies-Vogel, Chair, End-User 

Review Committee, Office of the 

Assistant Secretary, Export 

Administration, Bureau of Industry and 

Security, Department of Commerce, 

Phone: (202) 482–5991, Fax: (202) 482– 

3911, Email: ERC@bis.doc.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

The Entity List (Supplement No. 4 to 

15 CFR part 744) provides notice to the 

public that certain exports, reexports, 

and transfers (in-country) to entities 

identified on the Entity List require a 

license from BIS and that the 

availability of license exceptions in 

such transactions is limited. Entities are 

placed on the Entity List on the basis of 

certain sections of part 744 (Control 

Policy: End-User and End-Use Based) of 

the EAR. 

The End-user Review Committee 

(ERC), composed of representatives of 

the Departments of Commerce (Chair), 

State, Defense, Energy and, where 

appropriate, the Treasury, makes all 

decisions regarding additions to, 

removals from, or other modifications to 

the Entity List. The ERC makes all 

decisions to add an entry to the Entity 

List by majority vote and all decisions 

to remove or modify an entry by 

unanimous vote. 

ERC Entity List Decisions 

Additions to the Entity List 

This rule implements the decision of 

the ERC to add one hundred and sixtyVerDate Mar<15>2010 15:00 Oct 05, 2012 Jkt 229001 PO 00000 Frm 00021 Fmt 4700 Sfmt 4700 E:\FR\FM\09OCR1.SGM 09OCR1

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