Federal Register / Vol. 65, No. 107 / Friday, June 2, 2000 / Proposed Rules 35303

listed in this document would be

published subsequently in the Order.

The FAA has determined that this

proposed regulation only involves an

established body of technical

regulations for which frequent and

routine amendments are necessary to

keep them operationally current. It,

therefore, (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 that 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.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference,

Navigation (air).

The Proposed Amendment

In consideration of the foregoing, the

Federal Aviation Administration

proposes to amend 14 CFR part 71 as

follows:

PART 71—DESIGNATION OF CLASS A,

CLASS B, CLASS C, CLASS D, AND

CLASS E AIRSPACE AREAS;

AIRWAYS; ROUTES; AND REPORTING

POINTS

1. The authority citation for 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 Federal Aviation

Administration Order 7400.9G, Airspace

Designations and Reporting Points,

dated September 1, 1999, and effective

September 16, 1999, is amended as

follows:

Paragraph 6005 Class E Airspace Areas

Extending Upward From 700 Feet or More

Above the Surface of the Earth

* * * * *

ASO KY E5 Albany, KY [New]

Clinton County Hospital

Point In Space Coordinates

(Lat. 36°41′55′′ N, long. 85°07′57′′ W)

That airspace extending upward from 700

feet or more above the surface within a 6-

mile radius of the point in space (lat.

36°41′55′′ N, long. 85°07′57′′ W) serving

Clinton County Hospital.

* * * * *

Issued in College Park, Georgia, May 22,

2000.

Nancy B. Shelton,

Acting Manager, Air Traffic Division,

Southern Region.

[FR Doc. 00–13832 Filed 6–1–00; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 00–ANM–05]

Proposed Establishment of Jet Route

J–713

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This action proposes to

establish Jet Route 713 (J–713) through

Utah, Montana, and Wyoming. The FAA

is proposing this action to improve the

management of air traffic operations at

the Salt Lake City International Airport

and to enhance safety.

DATES: Comments must be received on

or before July 17, 2000.

ADDRESSES: Send comments on the

proposal in triplicate to: Manager, Air

Traffic Division, ANM–500, Docket No.

00–ANM–05, Federal Aviation

Administration, 1601 Lind Avenue SW.,

Renton, Washington, 98055–4056.

The official docket may be examined

in the Rules Docket, Office of the Chief

Counsel, Room 916, 800 Independence

Avenue, SW., Washington DC,

weekdays, except Federal holidays,

between 8:30 a.m. and 5:00 p.m.

An informal docket may also be

examined during normal business hours

at the office of the Regional Air Traffic

Division.

FOR FURTHER INFORMATION CONTACT: Ken

McElroy, Airspace and Rules Division,

ATA–400, Office of Air Traffic Airspace

Management, Federal Aviation

Administration, 800 Independence

Avenue, SW., Washington, DC 20591;

telephone: (202) 267–8783.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested parties are invited to

participate in this proposed rulemaking

by submitting such written data, views,

or arguments as they may desire.

Comments that provide the factual basis

supporting the views and suggestions

presented are particularly helpful in

developing reasoned regulatory

decisions on the proposal. Comments

are specifically invited on the overall

regulatory, aeronautical, economic,

environmental, and energy-related

aspects of the proposal.

Communications should identify the

airspace docket number and be

submitted in triplicate to the address

listed above. Commenters wishing the

FAA to acknowledge receipt of their

comments on this action must submit

with those comments a self-addressed,

stamped postcard on which the

following statement is made:

‘‘Comments to Airspace Docket No. 00–

ANM–05.’’ The postcard will be date/

time stamped and returned to the

commenter. All communications

received on or before the specified

closing date for comments will be

considered before taking action on the

proposed rule. The proposal contained

in this action may be changed in light

of comments received. All comments

submitted will be available for

examination in the Rules Docket both

before and after the closing date for

comments. A report summarizing each

substantive public contact with FAA

personnel concerned with this

rulemaking will be filed in the docket.

Availability of NPRM’s

An electronic copy of this document

may be downloaded, using a modem

and suitable communications software,

from the FAA regulations section of the

Fedworld electronic bulletin board

service (telephone: 703–321–3339) or

the Federal Register’s electronic

bulletin board service (telephone: 202–

512–1661).

Internet users may reach the FAA’s

web page at http://www.faa.gov or the

Superintendent of Document’s web page

at http://www.access.gpo.gov/nara for

access to recently published rulemaking

documents.

Any person may obtain a copy of this

NPRM by submitting a request to the

Federal Aviation Administration, Office

of Air Traffic Airspace Management,

ATA–400, 800 Independence Avenue,

SW., Washington, DC 20591, or by

calling (202) 267–8783.

Communications must identify the

docket number of the NPRM. Persons

interested in being placed on a mailing

list for future NPRM’s should call the

FAA’s Office of Rulemaking, (202) 267–

9677, for a copy of Advisory Circular

No. 11–2A, Notice of Proposed

Rulemaking Distribution System, which

describes the application procedure.

The Proposal

The FAA is proposing an amendment

to 14 CFR part 71 (part 71) to establish

J–713 between Utah, Montana, and

Wyoming. The FAA is proposing to

35304 Federal Register / Vol. 65, No. 107 / Friday, June 2, 2000 / Proposed Rules

1Commission regulations cited herein may be

found at 17 CFR Ch. I (1999).

2Adjusted net capital is generally defined as

current assets less liabilities. See Regulation

1.17(c)(5).

Regulation 1.17(a)(1)(i) requires FCMs to

maintain minimum adjusted net capital of the

greatest of: (1) $250,000; (2) four percent of the

customer funds required to be segregated and set

aside pursuant to the Act and the regulations, less

the market value of commodity options purchased

by customers on or subject to the rules of a contract

market or a foreign board of trade for which the full

premiums have been paid provided that the

deduction for each customer is limited to the

amount of customer funds in such customer’s

account(s); (3) the amount of adjusted net capital

required by a registered futures association of

which the FCM is a member; or (4) for securities

brokers and dealers, the amount of net capital

required by SEC Rule 15c3–1(a) (17 CFR 240.15c3–

1(a)).

Regulation 1.17(a)(1)(ii) requires IBIs to maintain

minimum adjusted net capital of the greatest of: (A)

$30,000; (B) the amount of adjusted net capital

required by a registered futures association of

which the IBI is a member; or (C) for securities

brokers and dealers, the amount of net capital

required by SEC Rule 15c3–1(a).

establish J–713 for the following

reasons: (1) The need for high altitude

arrival and departure routing to and

from the north of Salt Lake City; (2) to

assist in the balancing of traffic flow

between Brigham City One arrivals into

Salt Lake City International Airport; and

(3) the addition of this route would

improve the overall management of air

traffic operations and thereby enhance

safety.

The FAA has determined that this

proposed regulation only involves an

established body of technical

regulations for which frequent and

routine amendments are necessary to

keep them operationally current.

Therefore, this proposed 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 that this proposed 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.

Jet routes are published in paragraph

2004 of FAA Order 7400.9G dated

September 1, 1999, and effective

September 16, 1999, which is

incorporated by reference in 14 CFR

71.1. The jet route listed in this

document would be published

subsequently in the order.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference,

Navigation (air).

The Proposed Amendment

In consideration of the foregoing, the

Federal Aviation Administration

proposes to amend 14 CFR part 71 as

follows:

PART 71—DESIGNATION OF CLASS A,

CLASS B, CLASS C, CLASS D, AND

CLASS E AIRSPACE AREAS;

AIRWAYS; ROUTES; AND REPORTING

POINTS

1. The authority citation for 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 7400.9G, Airspace

Designations and Reporting Points,

dated September 1, 1999, and effective

September 16, 1999, is amended as

follows:

Paragraph 2004 Jet Routes

* * * * *

J–713 [New]

From Billings, MT, via Boysen Reservoir,

WY; Big Piney, WY; to Salt Lake City, UT.

* * * * *

Issued in Washington, DC, on May 18,

2000.

Reginald C. Matthews,

Manager, Airspace and Rules Division.

[FR Doc. 00–13749 Filed 6–1–00; 8:45 am]

BILLING CODE 4910–13–P

COMMODITY FUTURES TRADING

COMMISSION

17 CFR Part 1

RIN 3038–AB54

Minimum Financial Requirements for

Futures Commission Merchants and

Introducing Brokers; Amendments to

the Provisions Governing

Subordination Agreements Included in

the Net Capital of a Futures

Commission Merchant or Independent

Introducing Broker

AGENCY: Commodity Futures Trading

Commission.

ACTION: Proposed rules.

SUMMARY: The Commodity Futures

Trading Commission (‘‘Commission’’ or

‘‘CFTC’’) is proposing to amend certain

provisions of Regulation 1.17(h) which

governs the net capital treatment of

subordination agreements. Currently,

futures commission merchants

(‘‘FCMs’’) and independent introducing

brokers (‘‘IBIs’’) that are members of a

self-regulatory organization (‘‘SRO’’—

i.e., a contract market or the National

Futures Association) and that are

securities brokers or dealers registered

with the Securities and Exchange

Commission (’’SEC’’) are required to

obtain the approval of both a futures

SRO and a securities designated

examining authority (‘‘DEA’’) for any

proposed subordination agreement,

proposed prepayment of a subordinated

loan, or proposed reduction in the

outstanding principal balance of a

secured demand note. The proposed

amendments would ease the regulatory

burden imposed upon SROs, FCMs, and

IBIs by allowing SROs, subject to the

conditions set forth below, to rely on a

DEA’s review and approval of a

proposed subordination agreement, a

proposed prepayment of a subordinated

loan, or a proposed reduction in the

outstanding principal balance of a

secured demand note submitted to the

DEA by an FCM or IBI.

DATES: Comments must be received on

or before July 3, 2000.

ADDRESSES: Comments should be

mailed to Jean A. Webb, Secretary,

Commodity Futures Trading

Commission, Three Lafayette Centre,

1155 21st Street, NW, Washington, DC

20581. In addition, comments may be

sent by facsimile to (202) 418–5521, or

by electronic mail to secretary@cftc.gov.

Reference should be made to ‘‘Minimum

Financial Requirements for Futures

Commission Merchants and Introducing

Brokers—Subordination Agreements.’’

FOR FURTHER INFORMATION CONTACT:

Thomas J. Smith, Special Counsel,

Division of Trading and Markets,

Commodity Futures Trading

Commission, Three Lafayette Centre,

1155 21st Street, NW, Washington, DC

20581; telephone (202) 418–5495;

electronic mail tsmith@cftc.gov; or

Henry J. Matecki, Financial Audit and

Review Branch, Commodity Futures

Trading Commission, 300 S. Riverside

Plaza, Room 1600–N, Chicago, IL 60606;

telephone (312) 886–3217; electronic

mail hmatecki@cftc.gov.

SUPPLEMENTARY INFORMATION:

I. Subordination Agreements Included

in the Net Capital of a Futures

Commission Merchant or Independent

Introducing Broker

A. Background

Commission Regulation 1.17 1

requires FCMs and IBIs to maintain

minimum levels of adjusted net

capital. 2 In computing adjusted net

capital, FCMs and IBIs are permitted to