5186 Federal Register / Vol. 62, No. 23 / Tuesday, February 4, 1997 / Proposed Rules

as rapidly as possible under the loan

program, and the maximum payment

disclosed should reflect the amortization of

the loan during this period. Thus, in a loan

with 2 percentage point annual (and 5

percentage point overall) interest rate

limitations or ‘‘caps,’’ the maximum interest

rate would be 5 percentage points higher

than the [most recent rate shown in the

historical example] initial rate disclosed.

Moreover, the loan would not reach the

maximum interest rate until the fourth year

because of the 2 percentage point annual rate

limitations, and the maximum payment

disclosed would reflect the amortization of

the loan during this period. If the loan

program includes a discounted or premium

initial interest rate, the [most recent rate

shown in the historical example] initial rate

should be adjusted by the amount of the

discount or premium reflected elsewhere in

the disclosure for purposes of the

requirements of this paragraph. Furthermore,

this disclosure should state the amount by

which the most recent rate has been adjusted.

(see the commentary to § 226.19(b)(2)(viii)

regarding disclosure of the amount of a

discount or premium.) The creditor may use

an interest rate applicable to the program that

is more recent than the [latest rate shown in

the historical example] initial rate.

* * * * *

Paragraph 19(b)(2)[(xi)](x)

* * * * *

Paragraph 19(b)(2)[(xii)] (xi)

* * * * *

Paragraph 19(b)(2)[(xiii)] (xii)

* * * * *

5. In Supplement I to Part 226, all

references to ‘‘section 226.19(b)(2)(viii)’’

are revised to read ‘‘section

226.19(b)(2)(viii)(A)’’.

6. In Supplement I to Part 226, all

references to ‘‘comment 19(b)(2)(viii)’’

are revised to read ‘‘comment

19(b)(2)(viii)(A)’’.

7. In Supplement I to Part 226, all

references to ‘‘section 226.19(b)(2)(x)’’

are revised to read ‘‘section

226.19(b)(2)(viii)(B)’’.

8. In Supplement I to Part 226, all

references to ‘‘comment 19(b)(2)(x)’’ are

revised to read ‘‘comment

19(b)(2)(viii)(B)’’.

9. In Supplement I to Part 226,

Appendix H—Closed-End Model Forms

and Clauses, Paragraph 18, would be

amended by removing the fourth

through the eighth sentences and adding

seven new sentences in their place to

read as follows:

* * * * *

Appendix H—Closed-End Model Forms, and

Clauses

* * * * *

18. Sample H–14. * * * It includes

information on how the interest rate is

determined and how it can change over

time[, and]. Section 226.19(b)(2)(viii) permits

creditors to provide either an historical

example or an initial rate and maximum rate

and payment example; both are illustrated in

the sample disclosure. The historical

example explains how the monthly payment

can change based on a $10,000 loan amount,

payable in 360 monthly installments, based

on historical changes in the values for the

weekly average yield on U.S. treasury

securities adjusted to a constant maturity of

one year. Index values are measured as of the

first week ending in July for the years 1977

through 1987. This reflects the requirement

that the index history be based on values for

the same date or period each year beginning

with index values for 1977. The [sample

disclosure also illustrates the requirement

under § 226.19(b)(2)(x) that the] initial and

the maximum interest rates and payments

[be] are shown for a $10,000 loan originated

at the most recent rate [shown in the

historical example] in effect within one year

of the date the loan program is provided

along with the month and year the rate was

in effect. In the sample, the loan is assumed

to have an initial interest rate of 9.71 percent

(which was the interest rate in [1987 for the

example shown] in effect January 1987) and

to have 2 percentage point annual (and 5

percentage point overall) interest rate

limitations or caps. * * *

* * * * *

By order of the Board of Governors of the

Federal Reserve System, January 24, 1997.

William W. Wiles,

Secretary of the Board.

[FR Doc. 97–2293 Filed 2–3–97; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 96–SW–23–AD]

Airworthiness Directives; Eurocopter

Deutschland GmbH Model MBB–BK

117 A–1, A–3, A–4, B–1, B–2 and C–1

Helicopters

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This document proposes the

adoption of a new airworthiness

directive (AD) that is applicable to

Eurocopter Deutschland GmbH

(Eurocopter) Model MBB–BK 117 A–1,

A–3, A–4, B–1, B–2, and C–1

helicopters. This proposal would

establish a new retirement life for the

clutch and would require an entry into

the Accessory Replacement Record

indicating the new life limit. This

proposal is prompted by a recalculation

of life limitations by the part

manufacturer, Warner Electric. The

clutch manufacturer used the airframe

load spectrum to establish the new life

limit of 3,600 hours time-in-service

(TIS). The actions specified by the

proposed AD are intended to prevent

failure of the clutch, loss of power to the

main rotor and a subsequent forced

landing of the helicopter.

DATES: Comments must be received by

April 7, 1997.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), Office of the

Assistant Chief Counsel, Attention:

Rules Docket No. 96–SW–23–AD, 2601

Meacham Blvd., Room 663, Fort Worth,

Texas 76137. Comments may be

inspected at this location between 9

a.m. and 3 p.m., Monday through

Friday, except Federal holidays.

The service information referenced in

the proposed rule may be obtained from

American Eurocopter Corporation, 2701

Forum Drive, Grand Prairie, Texas

75053–4005.

FOR FURTHER INFORMATION CONTACT:

Mr. Lance T. Gant, Aerospace Engineer,

FAA, Rotorcraft Standards Staff,

Rotorcraft Directorate, 2601 Meacham

Blvd., Fort Worth, Texas 76137;

telephone (817) 222–5114, fax (817)

222–5961.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested persons are invited to

participate in the making of the

proposed rule by submitting such

written data, views, or arguments as

they may desire. Communications

should identify the Rules Docket

number and be submitted in triplicate to

the address specified above. All

communications received on or before

the closing date for comments, specified

above, will be considered before taking

action on the proposed rule. The

proposals contained in this notice may

be changed in light of the comments

received.

Comments are specifically invited on

the overall regulatory, economic,

environmental, and energy aspects of

the proposed rule. All comments

submitted will be available, both before

and after the closing date for comments,

in the Rules Docket for examination by

interested persons. A report

summarizing each FAA-public contact

concerned with the substance of this

proposal will be filed in the Rules

Docket.

Commenters wishing the FAA to

acknowledge receipt of their comments

submitted in response to this notice

must submit a self-addressed, stamped

postcard on which the following

statement is made: ‘‘Comments to

Docket No. 96–SW–23–AD.’’ The
Federal Register / Vol. 62, No. 23 / Tuesday, February 4, 1997 / Proposed Rules 5187

postcard will be date stamped and

returned to the commenter.

Availability of NPRMs

Any person may obtain a copy of this

NPRM by submitting a request to the

FAA, Office of the Assistant Chief

Counsel, Attention: Rules Docket No.

96–SW–23–AD, 2601 Meacham Blvd.,

Room 663, Fort Worth, Texas 76137.

Discussion

The Luftfahrt-Bundesamt (LBA),

which is the airworthiness authority for

the Federal Republic of Germany,

recently notified the FAA that an unsafe

condition may exist on Eurocopter

Model MBB–BK 117 A–1, A–3, A–4, B–

1, B–2, and C–1 helicopters. The LBA

advises that an entry will be made in the

Accessory Replacement Record (ARR) to

reflect a life limit change, and the clutch

will be replaced, if necessary, and then

reidentified. The LBA has issued AD

95–242, dated June 13, 1995, in order to

assure the continued airworthiness of

these helicopters in the Federal

Republic of Germany.

This helicopter model is

manufactured in the Federal Republic of

Germany and is type certificated for

operation in the United States under the

provisions of § 21.29 of the Federal

Aviation Regulations (14 CFR 21.29)

and the applicable bilateral

airworthiness agreement. Pursuant to

this bilateral airworthiness agreement,

the LBA has kept the FAA informed of

the situation described above. The FAA

has examined the findings of the LBA,

reviewed all available information, and

determined that AD action is necessary

for products of this type design that are

certificated for operation in the United

States.

Since an unsafe condition has been

identified that is likely to exist or

develop on other Eurocopter Model

MBB–BK 117 A–1, A–3, A–4, B–1, B–2,

and C–1 helicopters of the same type

design registered in the United States,

the proposed AD would establish a new

retirement life for the clutch of 3,600

hours TIS; and would require, within 30

hours TIS after the effective date of this

AD, an entry into the ARR indicating

the new life limit.

The FAA estimates that 130

helicopters of U.S. registry would be

affected by this proposed AD, that it

would take approximately 12 work

hours per helicopter to accomplish the

clutch replacement, if necessary, and to

annotate the ARR; and that the average

labor rate is $60 per work hour.

Required parts would cost

approximately $6,000. Based on these

figures, the total cost impact of the

proposed AD on U.S. operators if

clutches are replaced in the entire fleet,

is estimated to be $873,600.

The regulations proposed herein

would not have substantial direct effects

on the States, on the relationship

between the national government and

the States, or on the distribution of

power and responsibilities among the

various levels of government. Therefore,

in accordance with Executive Order

12612, it is determined that this

proposal would not have sufficient

federalism implications to warrant the

preparation of a Federalism Assessment.

For the reasons discussed above, I

certify that this proposed regulation (1)

is not a ‘‘significant regulatory action’’

under Executive Order 12866; (2) is not

a ‘‘significant rule’’ under the DOT

Regulatory Policies and Procedures (44

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

promulgated, will not have a significant

economic impact, positive or negative,

on a substantial number of small entities

under the criteria of the Regulatory

Flexibility Act. A copy of the draft

regulatory evaluation prepared for this

action is contained in the Rules Docket.

A copy of it may be obtained by

contacting the Rules Docket at the

location provided under the caption

ADDRESSES.

List of Subjects in 14 CFR Part 39

Air transportation, Aircraft, Aviation

safety, Safety.

The Proposed Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration proposes to amend part

39 of the Federal Aviation Regulations

(14 CFR part 39) as follows:

PART 39—AIRWORTHINESS

DIRECTIVES

1. The authority citation for part 39

continues to read as follows:

Authority: 49 U.S.C. 106(g), 40113, 44701.

§ 39.13 [Amended]

2. Section 39.13 is amended by

adding a new airworthiness directive to

read as follows:

Eurocopter Deutschland GmbH: Docket No.

96–SW–23–AD.

Applicability: Model MBB–BK 117 A–1, A–

3, A–4, B–1, and B–2 helicopters, serial

numbers (S/N) 7001 through 7250, and

Model MBB–BK 117 C–1, S/N 7500 through

7520 helicopters, with clutch, part number

(P/N) 4639302044 or P/N CL42067–1,

installed, certificated in any category.

Note 1. This AD applies to each helicopter

identified in the preceding applicability

provision, regardless of whether it has been

modified, altered, or repaired in the area

subject to the requirements of this AD. For

helicopters that have been modified, altered,

or repaired so that the performance of the

requirements of this AD is affected, the

owner/operator must use the authority

provided in paragraph (d) to request approval

from the FAA. This approval may address

either no action, if the current configuration

eliminates the unsafe condition, or different

actions necessary to address the unsafe

condition described in this AD. Such a

request should include an assessment of the

effect of the changed configuration on the

unsafe condition addressed by this AD. In no

case does the presence of any modification,

alteration, or repair remove any helicopter

from the applicability of this AD.

Compliance: Required as indicated, unless

accomplished previously.

To prevent failure of the clutch, loss of

power to the main rotor and a subsequent

forced landing of the helicopter:

(a) Within 30 hours time-in-service (TIS)

after the effective date of this AD, make an

entry into the Accessory Replacement Record

to reflect a new life limit of 3,600 hours TIS

for the clutch, P/N 4639302044 or P/N

CL42067–1.

(b) Remove the clutch, P/N 463902044 or

P/N CL42067–1, from service on or before

reaching 3,600 hours TIS. This AD revises

the Airworthiness Limitations section of the

maintenance manual by establishing a new

retirement life for the clutch, P/N 463902044

or P/N CL42067–1, 3,600 hours TIS.

(c) Replacement of the clutch with a

clutch, P/N 4639202011, constitutes a

terminating action for the requirements of

this AD.

(d) An alternative method of compliance or

adjustment of the compliance time that

provides an acceptable level of safety may be

used if approved by the Manager, Rotorcraft

Standards Staff, Rotorcraft Directorate, FAA.

Operators shall submit their requests through

an FAA Principal Maintenance Inspector,

who may concur or comment and then send

it to the Manager, Rotorcraft Standards Staff.

Note 2. Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Rotorcraft Standards Staff.

(e) Special flight permits may be issued in

accordance with §§ 21.197 and 21.199 of the

Federal Aviation Regulations (14 CFR 21.197

and 21.199) to operate the helicopter to a

location where the requirements of this AD

can be accomplished.

Issued in Fort Worth, Texas, on January 27,

1997.

Larry M. Kelly,

Acting Manager, Rotorcraft Directorate,

Aircraft Certification Service.

[FR Doc. 97–2720 Filed 2–3–97; 8:45 am]

BILLING CODE 4910–13–M