Federal Register / Vol. 62, No. 226 / Monday, November 24, 1997 / Rules and Regulations 62513

(B) Will mature in 270 days or less;

and

(iii) An amount not in excess of one

percent of such institution’s assets

invested in eligible corporate debt

obligations or commercial paper of a

single issuer shall be counted as a liquid

asset;

(10) Reserves required to be

maintained pursuant to title I of the

Depository Institution Deregulation and

Monetary Control Act of 1980 (94 Stat.

132) and established pursuant to 12 CFR

part 204, whether in the form of:

(i) Vault cash, as defined in 12 CFR

204.2, provided that vault cash shall be

included only once in calculating the

aggregate amount of liquid assets;

(ii) Balances maintained directly with

the Federal Reserve Bank in the district

in which the savings association is

located; or

(iii) A pass through account as

defined in 12 CFR 204.2;

* * * * *

(12) Mortgage-related securities as

described in 12 U.S.C. 1465(b)(1)(C)(vi);

and

(13) Mortgage loans on the security of

a first lien on residential real property

as described in 12 U.S.C.

1465(b)(1)(C)(vii).

3. Section 566.2 is revised to read as

follows:

§ 566.2 Requirements.

(a) Safety and soundness requirement.

In addition to meeting the minimum

requirement under paragraph (b) of this

section, each saving association must

maintain sufficient liquidity to ensure

its safe and sound operation.

(b) Minimum statutory liquidity

requirement. (1) Except as otherwise

provided in paragraph (c) of this

section, each savings association shall

maintain an average daily balance of

liquid assets in each calendar quarter of

not less than 4 percent of:

(i) The amount of its liquidity base at

the end of the preceding calendar

quarter; or

(ii) The average daily balance of its

liquidity base during the preceding

quarter.

(2) The average daily balance of either

liquid assets or liquidity base in a

quarter is calculated by adding the

respective balance as of the close of

each business day in a quarter, and for

any non-business day, as of the close of

the nearest preceding business day, and

dividing the total by the number of days

in the quarter.

(c) Reduction and suspension of

liquidity requirements. The Office may,

to the extent and under conditions it

may prescribe, permit a savings

association to reduce its liquid assets

below the minimum amount required by

paragraph (b) of this section to meet

withdrawals or pay obligations. The

Office may suspend part or all of the

liquidity requirements of paragraph (b)

of this section whenever it determines

that conditions of national emergency or

unusual economic stress exist. Any such

suspension, unless sooner terminated by

its terms or by the Office, shall

terminate after 90 days, but the Office

may again suspend part or all of such

requirement at any time.

Dated: November 13, 1997.

By the Office of Thrift Supervision.

Ellen S. Seidman,

Director.

[FR Doc. 97–30431 Filed 11–21–97; 8:45 am]

BILLING CODE 6720–01–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 92–CE–46–AD; Amendment 39–

10214; AD 97–24–07]

RIN 2120–AA64

Airworthiness Directives; Jetstream

Aircraft Limited Jetstream Models 3101

and 3201 Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule.

SUMMARY: This amendment adopts a

new airworthiness directive (AD) that

applies to Jetstream Aircraft Limited

(JAL) Jetstream Models 3101 and 3201

airplanes that have kit JK 2496 and

modification JM 7537 installed. This

action requires installing magnetic

latching relays on the ignition system

because of the auto-ignition system

becoming disabled when switching from

ground power to the airplane’s internal

power. This AD is the result of

mandatory continuing airworthiness

information (MCAI) issued by the

airworthiness authority for the United

Kingdom. The actions specified by this

AD are intended to prevent loss of the

airplane’s internal power connection to

the auto-ignition system, which could

cause loss of engine power and possible

loss of control of the airplane.

DATES: Effective December 31, 1997.

The incorporation by reference of

certain publications listed in the

regulations is approved by the Director

of the Federal Register as of December

31, 1997.

ADDRESSES: Service information that

applies to this AD may be obtained from

Jetstream Aircraft Limited, Prestwick

Airport, Ayrshire, KA9 2RW, Scotland;

telephone (0292) 79888; facsimile (0292)

79703. This information may also be

examined at the Federal Aviation

Administration (FAA), Central Region,

Office of the Regional Counsel,

Attention: Rules Docket 92–CE–46–AD,

Room 1558, 601 E. 12th Street, Kansas

City, Missouri 64106; or at the Office of

the Federal Register, 800 North Capitol

Street, NW., suite 700, Washington, DC.

FOR FURTHER INFORMATION CONTACT: Mr.

S. M. Nagarajan, Project Officer, Small

Airplane Directorate, 1201 Walnut, suite

900, Kansas City, Missouri, 64106;

telephone (816) 426–6932, facsimile

(816) 426–2169.

SUPPLEMENTARY INFORMATION:

Events Leading to the Issuance of This

AD

A proposal to amend part 39 of the

Federal Aviation Regulations (14 CFR

part 39) to include an AD that would

apply to certain JAL Jetstream Models

3101 and 3201 airplanes, serial numbers

693 through 870, that have kit JK 2496

and modification JM 7537 installed and

are registered in the United States, was

published in the Federal Register on

April 14, 1997 (62 FR 18062). The

action proposed to require installing

magnetically latching relays with wiring

changes.

Accomplishment of the installation

would be in accordance with Jetstream

Service Bulletin No. 74–JM 7693A,

Original Issue dated May 17, 1990;

Revision No. 3 dated January 28, 1993.

Interested persons have been afforded

an opportunity to participate in the

making of this amendment. No

comments were received on the

proposed rule or the FAA’s

determination of the cost to the public.

The FAA’s Determination

After careful review of all available

information related to the subject

presented above, the FAA has

determined that air safety and the

public interest require the adoption of

the rule as proposed except for minor

editorial corrections. The FAA has

determined that these minor corrections

will not change the meaning of the AD

and will not add any additional burden

upon the public than was already

proposed.

Cost Impact

The FAA estimates that 126 airplanes

in the U.S. registry will be affected by

this AD, that it will take approximately

9 workhours per airplane to accomplish

this action, and that the average labor

rate is approximately $60 an hour. The
62514 Federal Register / Vol. 62, No. 226 / Monday, November 24, 1997 / Rules and Regulations

manufacturer is providing the parts at

no charge. Based on these figures, the

total cost impact of this AD on U.S.

operators is estimated to be $68,040 or

$540 per airplane.

Jetstream has informed the FAA it has

received approximately 78 orders for the

parts to accomplish this action. If each

set of parts is installed on an affected

airplane, the estimated cost to the

owners/operators in the U.S. will be

reduced from 68,040 to $25,920.

Regulatory Impact

The regulations adopted herein will

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 final rule does

not have sufficient federalism

implications to warrant the preparation

of a Federalism Assessment.

For the reasons discussed above, I

certify that this action (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)

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 final

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, Incorporation by reference,

Safety.

Adoption of the Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration amends 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

(AD) to read as follows:

97–24–07 Jetstream Aircraft Limited:

Amendment 39–10214; Docket No. 92–

CE–46–AD.

Applicability: Model 3101 and 3201

airplanes, serial numbers 693 through 870,

certificated in any category, that have kit JK

2496 and modification JM 7537 installed.

Note 1: This AD applies to each airplane

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

airplanes that have been modified, altered, or

repaired so that the performance of the

requirements of this AD is affected, the

owner/operator must request approval for an

alternative method of compliance in

accordance with paragraph (c) of this AD.

The request should include an assessment

of the effect of the modification, alteration, or

repair on the unsafe condition addressed by

this AD; and, if the unsafe condition has not

been eliminated, the request should include

specific proposed actions to address it.

Compliance: Required within the next 100

hours time-in-service (TIS) after the effective

date of this AD, unless already accomplished.

To prevent loss of the airplane’s internal

power connection to the auto-ignition

system, which could cause loss of engine

power and possible loss of the airplane,

accomplish the following:

(a) Install magnetically latching relays with

wiring changes (quantity 2) in accordance

with the ACCOMPLISHMENT

INSTRUCTIONS section of Jetstream Service

Bulletin (SB) No. 74–JM 7693A, Original

Issue dated May 17, 1990; Revision 3, dated

January 28, 1993.

(b) Special flight permits may be issued in

accordance with sections 21.197 and 21.199

of the Federal Aviation Regulations (14 CFR

21.197 and 21.199) to operate the airplane to

a location where the requirements of this AD

can be accomplished.

(c) An alternative method of compliance or

adjustment of the compliance time that

provides an equivalent level of safety may be

approved by the Manager, Small Airplane

Directorate, 1201 Walnut, suite 900, Kansas

City, Missouri, 64106. The request shall be

forwarded through an appropriate FAA

Maintenance Inspector, who may add

comments and then send it to the Manager,

Small Airplane Directorate.

Note 2: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from Small Airplane Directorate.

(d) The installation required by this AD

shall be done in accordance with BAe

JETSTREAM Service Bulletin No. 74–JM

7693A, ORIGINAL ISSUE: May 17, 1990;

REVISION NO. 3, dated January 28, 1993.

This incorporation by reference was

approved by the Director of the Federal

Register in accordance with 5 U.S.C. 552(a)

and 1 CFR part 51. Copies of this document

may be obtained from Jetstream Aircraft

Limited, Prestwick Airport, Ayrshire, KA9

2RW, Scotland, or may be inspected at the

FAA, Central Region, Office of the Regional

Counsel, Room 1558, 601 E. 12th Street,

Kansas City, Missouri, or at the Office of the

Federal Register, 800 North Capitol Street,

NW., suite 700, Washington, DC.

Note 3: The subject of this AD addresses

the United Kingdom’s Civil Airworthiness

Authority Mandatory BAe JETSTREAM

Service Bulletin No. 74–JM 7693A,

ORIGINAL ISSUE: May 17, 1990; REVISION

NO. 3, dated January 28, 1993.

(e) This amendment (39–10214) becomes

effective on December 31, 1997.

Issued in Kansas City, Missouri, on

November 14, 1997.

Mary Ellen A. Schutt,

Acting Manager, Small Airplane Directorate,

Aircraft Certification Service.

[FR Doc. 97–30712 Filed 11–21–97; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 97–CE–34–AD; Amendment 39–

10212; AD 97–24–05]

RIN 2120–AA64

Airworthiness Directives; Aerospace

Technologies of Australia Pty Ltd.

(Formerly Government Aircraft

Factory) Models N22B, N22S, and

N24A Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule.

SUMMARY: This amendment adopts a

new airworthiness directive (AD) that

applies to all Aerospace Technologies of

Australia Pty Ltd. (ASTA) Models N22B,

N22S, and N24A airplanes. This AD

requires repetitively inspecting the aft

wing break connectors for arcing

damage, deposits between contacts, and

looseness of contacts; and removing

deposits between contacts, tightening

any loose contacts, and replacing any aft

wing break connectors with arcing

damage. This AD results from several

reports of uncommanded flap

extensions and displays of incorrect

stall warning indications on the affected

airplanes. The actions specified by this

AD are intended to prevent

contamination in the aft wing break

connectors, which could result in

uncommanded flap extensions and

incorrect stall warning indications with

consequent loss of airplane control.

DATES: Effective January 6, 1998.

The incorporation by reference of

certain publications listed in the

regulations is approved by the Director