This section of the FEDERAL REGISTER

contains notices to the public of the proposed

issuance of rules and regulations. The

purpose of these notices is to give interested

persons an opportunity to participate in the

rule making prior to the adoption of the final

rules.

Proposed Rules Federal Register

57748

Vol. 65, No. 187

Tuesday, September 26, 2000

FEDERAL HOUSING FINANCE BOARD

12 CFR Parts 917, 925, 930, 931, 932,

933, 956, and 960

[No. 2000–23]

RIN 3069–AB01

Capital Requirements for Federal

Home Loan Banks

AGENCY: Federal Housing Finance

Board.

ACTION: Proposed Rule; extension of

public comment period.

SUMMARY: On July 13, 2000, the Federal

Housing Finance Board (Finance Board)

published a proposed rule in the

Federal Register (65 FR 43408 (July 13,

2000)) that would amend its regulations

to implement a new capital structure for

the Federal Home Loan Banks (Banks),

as is required by the Gramm-LeachBliley Act (GLB Act). As discussed in

that Federal Register release, the GLB

Act mandates a new, risk-based capital

structure for the Bank system that

includes elements with more

permanence than the one based on sixmonth redeemable stock that had been

in effect. The capital system which

governed the Banks prior to the GLB Act

amendments remains in effect until the

new capital regulations are adopted and

the Banks fulfill the transition

requirements set forth in those rules.

The timely transition to the new capital

structure is especially important given

that the GLB Act eliminated mandatory

membership requirements for federal

savings associations, and membership

in the Bank system is now voluntary for

all members. The GLB Act also required

the Finance Board to issue regulations

implementing the capital requirement

by November 12, 2000.

The proposed regulation provided for

a public comment period of ninety days,

which would have ended on October 11,

2000. Numerous commenters have

requested that the Finance Board extend

this comment period to allow the Banks

and their membership time to fully

discuss the new capital regulation

before submitting comments on the

proposal. Commenters have suggested

extensions of the comment period of 60

days, 180 days and even one year. The

Finance Board realizes that wellconsidered comments from the Banks

and their members are essential to

developing a regulation that allows a

smooth transition to the new capital

structure. The Finance Board also

recognizes, however, the importance to

the Bank system of implementing this

new structure within the transition

period mandated by the GLB Act. To

balance these goals, the Finance Board

is committed to finding ways to

implement the new statutory

requirements and work productively

with the Banks and their membership in

developing the new rules. Thus, after

considering the requests for extension of

the public comment period and the

importance of fulfilling the legal and

regulatory goals of the GLB Act, the

Finance Board is extending the close of

the comment period for the proposed

capital regulation from October 11, 2000

until November 20, 2000.

DATES: The comment period on the

proposed rule is extended until

November 20, 2000.

ADDRESSES: Comments should be

mailed to: Elaine L. Baker, Secretary to

the Board, by electronic mail at

bakere@fhfb.gov, or by regular mail at

the Federal Housing Finance Board,

1777 F Street, NW., Washington, DC

20006. Comments will be available for

public inspection at this address.

FOR FURTHER INFORMATION CONTACT:

Scott L. Smith, Acting Director, (202)

408–2991; Ellen Hancock, Senior

Financial Analyst, (202) 408–2906; or

Christina Muradian, Senior Financial

Analyst, (202) 408–2584; or Julie Paller,

Senior Financial Analyst, (202) 408–

2482, Office of Policy Research and

Analysis; or Deborah F. Silberman,

General Counsel, (202) 408–2570; or

Neil R. Crowley, Deputy General

Counsel (202) 408–2990; or Thomas E.

Joseph, Attorney-Advisor, (202) 408–

2512, Office of General Counsel, Federal

Housing Finance Board, 1777 F Street,

NW., Washington, DC 20006. A

telecommunication device for deaf

persons (TDD) is available at (202) 408–

2579.

Dated: September 19, 2000.

By the Board of Directors of the Federal

Housing Finance Board.

William C. Apgar,

HUD Secretary Designee to the Board.

[FR Doc. 00–24619 Filed 9–25–00; 8:45 am]

BILLING CODE 6725–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 99–CE–73–AD]

RIN 2120–AA64

Airworthiness Directives; British

Aerospace HP137 Mk1 and Jetstream

Series 200 Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This document proposes to

adopt a new airworthiness directive

(AD) that would apply to all British

Aerospace HP137 Mk1 and Jetstream

series 200 airplanes. The proposed AD

would require you to inspect the

vertical stabilizer skin for disbonding,

corrosion, cracks, and loose rivets, and

repair any vertical stabilizer skin where

discrepancies are found. The proposed

AD is the result of mandatory

continuing airworthiness information

(MCAI) issued by the airworthiness

authority for the United Kingdom. The

actions specified by the proposed AD

are intended to prevent failure of the

vertical stabilizer caused by disbonding,

corrosion, cracks, or loose rivets in the

stabilizer skin. Such failure could lead

to aircraft controllability problems.

DATES: The Federal Aviation

Administration (FAA) must receive any

comments on this proposed rule on or

before October 27, 2000.

ADDRESSES: Submit comments in

triplicate to FAA, Central Region, Office

of the Regional Counsel, Attention:

Rules Docket No. 99–CE–73–AD, 901

Locust, Room 506, Kansas City,

Missouri 64106. Comments may be

inspected at this location between 8

a.m. and 4 p.m., Monday through

Friday, holidays excepted.

Service information that applies to the

proposed AD may be obtained from

British Aerospace Regional Aircraft,