Federal Register / Vol. 65, No. 225 / Tuesday, November 21, 2000 / Rules and Regulations 69859

year to determine their reporting

category beginning in the September of

that year. Thus, effective in September

2001, all U.S. branches and agencies of

foreign banks and Edge and agreement

corporations, regardless of size, and

other institutions with total reservable

liabilities exceeding $5.5 million

(nonexempt institutions) and with total

deposits at or above $101.0 million

would be required to file weekly the

Report of Transaction Accounts, Other

Deposits and Vault Cash (form FR 2900).

Nonexempt institutions with total

deposits below $101.0 million could file

the form FR 2900 quarterly. Institutions

that obtain funds from non-U.S. sources

or that have foreign branches or IBFs

would continue to be required to file the

Report of Certain Eurocurrency

Transactions (forms FR 2950/FR 2951)

at the same frequency as they file the

form FR 2900. Institutions with

reservable liabilities at or below the

exemption amount of $5.5 million

(exempt institutions and with at least

$5.5 million in total deposits would be

required to file the Annual Report of

Total Deposits and Reservable

Liabilities (form FR 2910a). Institutions

with total deposits below the exemption

level of $5.5 million would be excused

from reporting if their deposits can be

estimated from other data sources.

Finally, the Board may require a

depository institution to report on a

weekly basis, regardless of the cutoff

level, if the institution manipulates its

total deposits and other reservable

liabilities in order to qualify for

quarterly reporting. Similarly, any

depository institution that reports

quarterly may be required to report

weekly and to maintain appropriate

reserve balances with its Reserve Bank

if, during its computation period, it

understates its usual reservable

liabilities or overstates the deductions

allowed in computing required reserve

balances.

Notice and public participation. The

provisions of 5 U.S.C. 553(b) relating to

notice and public participation have not

been followed in connection with the

adoption of these amendments because

the amendments involve expected,

ministerial adjustments prescribed by

statute and by an interpretative

statement reaffirming the Board’s policy

concerning reporting practices. In

addition, the reservable liabilities

exemption adjustment and the increases

for reporting purposes in the deposit

cutoff levels reduce regulatory burdens

on depository institutions, and the low

reserve tranche adjustment will have a

de minimis effect on depository

institutions with net transaction

accounts exceeding $42.8 million.

Accordingly, the Board finds good cause

for determining, and so determines, that

notice and public participation is

unnecessary, impracticable, or contrary

to the public interest.

Regulatory Flexibility Analysis

The Board certifies that these

amendments will not have a substantial

economic impact on small depository

institutions. See ‘‘Notice and Public

Participation’’ above.

List of Subjects in 12 CFR Part 204

Banks, banking, Reporting and

recordkeeping requirements

For the reasons set forth in the

preamble, the Board is amending 12

CFR part 204 as follows:

PART 204—RESERVE

REQUIREMENTS OF DEPOSITORY

INSTITUTIONS (REGULATION D)

1. The authority citation for part 204

continues to read as follows:

Authority: 12 U.S.C. 248(a), 248(c), 371a,

461, 601, 611, and 3105.

2. Section 204.9 is revised to read as

follows:

§ 204.9 Reserve requirement ratios.

(a) Reserve percentages. The following

reserve ratios are prescribed for all

depository institutions, Edge and

Agreement corporations, and United

States branches and agencies of foreign

banks:

Category Reserve

requirement 1

Net transaction accounts:

$0 to $42.8 million.3 percent of amount.

Over $42.8 million.$1,284,000 plus 10

percent of amount

over $42.8 million.

Nonpersonal time

deposits.

0 percent.

Eurocurrency liabilities.0 percent.

1Before deducting the adjustment to be

made by the paragraph (b) of this section.

(b) Exemption from reserve

requirements. Each depository

institution, Edge or agreement

corporation, and U.S. branch or agency

of a foreign bank is subject to a zero

percent reserve requirement on an

amount of its transaction accounts

subject to the low reserve tranche in

paragraph (a) of this section not in

excess of $5.5 million determined in

accordance with § 204.3(a)(3).

By order of the Board of Governors of the

Federal Reserve System, November 16, 2000.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 00–29723 Filed 11–20–00; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 99–NM–373–AD; Amendment

39–11993; AD 2000–23–20]

RIN 2120–AA64

Airworthiness Directives; Boeing

Model 777–200 Series Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule.

SUMMARY: This amendment adopts a

new airworthiness directive (AD),

applicable to certain Boeing Model 777–

200 series airplanes, that requires

replacement of certain components. The

actions specified by this AD are

intended to prevent corrosion of the

axle of the main landing gear, which

could result in cracking and failure of

one or more axles, loss of the wheels on

the axle, and loss of controllability of

the airplane on the ground. This action

is intended to address the identified

unsafe condition.

DATES: Effective December 26, 2000.

The incorporation by reference of

certain publications listed in the

regulations is approved by the Director

of the Federal Register as of December

26, 2000.

ADDRESSES: The service information

referenced in this AD may be obtained

from Boeing Commercial Airplane

Group, P.O. Box 3707, Seattle,

Washington 98124–2207. This

information may be examined at the

Federal Aviation Administration (FAA),

Transport Airplane Directorate, Rules

Docket, 1601 Lind Avenue, SW.,

Renton, Washington; or at the Office of

the Federal Register, 800 North Capitol

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

FOR FURTHER INFORMATION CONTACT: Stan

Wood, Aerospace Engineer, Airframe

Branch, ANM–120S, FAA, Seattle

Aircraft Certification Office, 1601 Lind

Avenue, SW., Renton, Washington

98055–4056; telephone (425) 227–2772;

fax (425) 227–1181.

SUPPLEMENTARY INFORMATION: A

proposal to amend part 39 of the Federal

Aviation Regulations (14 CFR part 39) to

include an airworthiness directive (AD)

69860 Federal Register / Vol. 65, No. 225 / Tuesday, November 21, 2000 / Rules and Regulations

that is applicable to certain Boeing

Model 777–200 series airplanes was

published in the Federal Register on

July 31, 2000 (65 FR 46666). That action

proposed to require replacement of

certain components.

Comments

Interested persons have been afforded

an opportunity to participate in the

making of this amendment. Due

consideration has been given to the

comment received.

The commenter states that the unsafe

condition in the Discussion section of

the proposed rule is understated. The

commenter also states that failure of

more than one axle on one main landing

gear (MLG) can equal two axles or even

all three axles, which would increase

the potential hazard. The commenter

further states that there is potential for

a ‘‘cascade failure scenario.’’ From this

comment, the FAA infers that the

commenter is requesting that the unsafe

condition be revised to include the

failure scenario suggested by the

commenter. The FAA agrees with the

commenter that there is always a

possibility of additional failures (i.e.,

‘‘cascade failure scenario’’) resulting

from the initial failure.

The FAA has revised the unsafe

condition of the final rule to read,

‘‘which could result in cracking and

failure of one or more axles, loss of the

wheels on the axle, and loss of

controllability of the airplane on the

ground.’’

Conclusion

After careful review of the available

data, including the comment noted

above, the FAA has determined that air

safety and the public interest require the

adoption of the rule with the change

previously described. The FAA has

determined that this change will neither

increase the economic burden on any

operator nor increase the scope of the

AD.

Cost Impact

There are approximately 8 airplanes

of the affected design in the worldwide

fleet. The FAA estimates that 4

airplanes of U.S. registry will be affected

by this AD. It will take between 56 and

93 work hours per airplane (depending

on which, and how many, of the

airplane’s MLG axles are affected) to

accomplish the required replacement, at

an average labor rate of $60 per work

hour. Required parts will be provided

by the manufacturer at no cost to the

operator. Based on these figures, the

cost impact of the AD on U.S. operators

is estimated to be between $3,360 and

$5,580 per airplane.

The cost impact figure discussed

above is based on assumptions that no

operator has yet accomplished any of

the requirements of this AD action, and

that no operator would accomplish

those actions in the future if this AD

were not adopted. The cost impact

figures discussed in AD rulemaking

actions represent only the time

necessary to perform the specific actions

actually required by the AD. These

figures typically do not include

incidental costs, such as the time

required to gain access and close up,

planning time, or time necessitated by

other administrative actions.

Regulatory Impact

The regulations adopted herein will

not have a substantial direct effect 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, it is

determined that this final rule does not

have federalism implications under

Executive Order 13132.

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 final evaluation has

been prepared for this action and it is

contained in the Rules Docket. A copy

of it may be obtained from 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 the following new airworthiness

directive:

2000–23–20 Boeing: Amendment 39–11993.

Docket 99-NM–373-AD.

Applicability: Model 777–200 series

airplanes; line numbers 7 through 11

inclusive, 26, 28, and 33; certificated in any

category.

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 (b) 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 as indicated, unless

accomplished previously.

To prevent corrosion of the axle of the

main landing gear, which could result in

cracking and failure of one or more axles,

loss of the wheels on the axle, and loss of

controllability of the airplane on the ground,

accomplish the following:

Replacement

(a) Within 12 months after the effective

date of this AD, replace specified axles of the

main landing gear with new axles, in

accordance with Boeing Alert Service

Bulletin 777–32A0024, dated August 12,

1999.

Alternative Methods of Compliance

(b) 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, Seattle

Aircraft Certification Office (ACO), FAA.

Operators shall submit their requests through

an appropriate FAA Principal Maintenance

Inspector, who may add comments and then

send it to the Manager, Seattle ACO.

Note 2: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Seattle ACO.

Special Flight Permits

(c) 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.

Incorporation by Reference

(d) The replacement shall be done in

accordance with Boeing Alert Service

Bulletin 777–32A0024, dated August 12,

1999. 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 may be obtained

Federal Register / Vol. 65, No. 225 / Tuesday, November 21, 2000 / Rules and Regulations 69861

from Boeing Commercial Airplane Group,

P.O. Box 3707, Seattle, Washington 98124–

2207. Copies may be inspected at the FAA,

Transport Airplane Directorate, 1601 Lind

Avenue, SW., Renton, Washington; or at the

Office of the Federal Register, 800 North

Capitol Street, NW., suite 700, Washington,

DC.

Effective Date

(e) This amendment becomes effective on

December 26, 2000.

Issued in Renton, Washington, on

November 9, 2000.

Donald L. Riggin,

Acting Manager, Transport Airplane

Directorate, Aircraft Certification Service.

[FR Doc. 00–29376 Filed 11–20–00; 8:45 am]

BILLING CODE 4910–13–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 2000–NM–52–AD; Amendment

39–11991; AD 2000–23–18]

RIN 2120–AA64

Airworthiness Directives; Learjet

Model 60 Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule.

SUMMARY: This amendment adopts a

new airworthiness directive (AD),

applicable to certain Learjet Model 60

airplanes, that requires inspecting the

routing of oxygen tubing to ensure that

there is adequate clamping of the tubing

and adequate clearance between the

tubing and electrical wiring or electrical

contacts, and taking corrective action, if

necessary. The actions specified by this

AD are intended to prevent electrical

arcing between the oxygen tubing and

an electrical source, which could result

in an oxygen fire.

DATES: Effective December 26, 2000.

The incorporation by reference of

certain publications listed in the

regulations is approved by the Director

of the Federal Register as of December

26, 2000.

ADDRESSES: The service information

referenced in this AD may be obtained

from Learjet, Inc., One Learjet Way,

Wichita, Kansas 67209–2942. This

information may be examined at the

Federal Aviation Administration (FAA),

Transport Airplane Directorate, Rules

Docket, 1601 Lind Avenue, SW.,

Renton, Washington; or at the FAA,

Wichita Aircraft Certification Office,

1801 Airport Road, Room 100, MidContinent Airport, Wichita, Kansas; or

at the Office of the Federal Register, 800

North Capitol Street, NW., suite 700,

Washington, DC.

FOR FURTHER INFORMATION CONTACT:

Shane Bertish, Aerospace Engineer,

Systems and Propulsion Branch, ACE–

116W, FAA, Wichita Aircraft

Certification Office, 1801 Airport Road,

Room 100, Mid-Continent Airport,

Wichita, Kansas 67209; telephone (316)

946–4156; fax (316) 946–4407.

SUPPLEMENTARY INFORMATION: A

proposal to amend part 39 of the Federal

Aviation Regulations (14 CFR part 39) to

include an airworthiness directive (AD)

that is applicable to certain Learjet

Model 60 airplanes was published in

the Federal Register on August 8, 2000

(65 FR 48399). That action proposed to

require inspecting the routing of oxygen

tubing to ensure that there is adequate

clamping of the tubing and adequate

clearance between the tubing and

electrical wiring or electrical contacts.

That action also proposed to require

corrective action, if necessary.

Comments

Interested persons have been afforded

an opportunity to participate in the

making of this amendment. No

comments were submitted in response

to the proposal or the FAA’s

determination of the cost to the public.

Conclusion

The FAA has determined that air

safety and the public interest require the

adoption of the rule as proposed.

Cost Impact

There are approximately 58 airplanes

of the affected design in the worldwide

fleet. The FAA estimates that 40

airplanes of U.S. registry will be affected

by this AD, that it will take 1 work hour

per airplane to accomplish the required

inspection, and that the average labor

rate is $60 per work hour. There will be

no parts required. Based on these

figures, the cost impact of the required

inspection on U.S. operators is

estimated to be $2,400, or $60 per

airplane.

Should an operator be required to

adjust the clamping or the clearance of

the oxygen tubing, the FAA estimates

that it will take approximately 3 work

hours per airplane and that the average

labor rate is $60 per work hour. The cost

of required parts, such as clamps, nuts,

bolts, and washers, will be negligible.

Based on these figures, the cost impact

of adjusting the clamping or the

clearance of the tubing is estimated to

be $7,200, or $180 per airplane.

The cost impact figures discussed

above are based on assumptions that no

operator has yet accomplished any of

the requirements of this AD action, and

that no operator would accomplish

those actions in the future if this AD

were not adopted. The cost impact

figures discussed in AD rulemaking

actions represent only the time

necessary to perform the specific actions

actually required by the AD. These

figures typically do not include

incidental costs, such as the time

required to gain access and close up,

planning time, or time necessitated by

other administrative actions.

Regulatory Impact

The regulations adopted herein will

not have a substantial direct effect 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, it is

determined that this final rule does not

have federalism implications under

Executive Order 13132.

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 final evaluation has

been prepared for this action and it is

contained in the Rules Docket. A copy

of it may be obtained from 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 the following new airworthiness

directive:

2000–23–18 Learjet: Amendment 39–11991.

Docket 2000–NM–52–AD.