70322 Federal Register / Vol. 65, No. 226 / Wednesday, November 22, 2000 / Proposed Rules

Under the current rule, for example,

if a corporate credit union has base-plus

expanded authority and a base case NEV

ratio of 1.40 percent, the rule permits

the NEV ratio to decline 25 percent.

This would be a decline of 35 basis

points. Under the proposal, with the

inclusion of eligible MC, the corporate

credit union would have a base case

NEV ratio of 2.40 percent and the

permissible decline would increase to

60 basis points. This decline is large in

relation to the low level of base case

NEV. By increasing the minimum NEV

ratio from 1 percent to 2 percent, the

decline would be limited to no more

than 40 basis points.

Example of Including Eligible MCs and

Increasing Minimum NEV Ratio

IMPACT OF CHANGE TO MINIMUM NEV RATIO ON HYPOTHETICAL CORPORATE CREDIT UNION

Current rule Including eligible MCs in

NEV

Including eligible MCs in

NEV and increasing minimum NEV ratio to 2%

Base case NEV ratio .......................................................... 1.4% ................................. 2.4% ................................. 2.4%.

Permitted decline (25 percent of base case) ..................... 35 basis points ................. 60 basis points ................. Limited to 40 basis points

by minimum NEV ratio.

Resulting NEV ratio (not less than minimum NEV ratio) ... 1.05% ............................... 1.8% ................................. 2%.

Minimum NEV ratio ............................................................ 1% .................................... 1% .................................... 2%.

3. Should the Minimum NEV Ratio That

Triggers Monthly Interest Rate

Sensitivity Analysis Testing Be

Increased?

Section 704.8(d)(1)(i) currently

increases the requirement for testing

from quarterly to monthly when the

base case NEV ratio falls below 2

percent. The Board is considering

raising it to 3 percent because, when the

measured minimum NEV ratio is low, it

is reasonable to monitor interest rate

sensitivity more frequently. The

contemplated changes to the NEV

definition may increase the level of both

the base case NEV and the minimum

NEV.

Aggregate Investment by Federal Credit

Unions in PIC and MC in Corporate

Credit Unions

1. NCUA seeks comment on whether

the Board should amend § 703.100(c) to

increase the limit on the aggregate

purchase of member PIC and MC in one

corporate credit union from one percent

to two percent. In conjunction with this

change, the Board is considering adding

a new provision that imposes a four

percent limit on the aggregate purchase

of member PIC and MC in all corporate

credit unions.

Corporate Credit Union Service

Organizations (CUSOs)

1. NCUA seeks comment on the

definition of a corporate CUSO.

Currently, the rule defines a corporate

CUSO as an entity that is ‘‘at least partly

owned by a corporate credit union’’ but

does not specify a minimum ownership

requirement. 12 CFR 704.11(a)(1). The

Board believes that the definition of a

corporate CUSO should be amended to

ensure that there is a significant

ownership interest by corporate credit

unions. The Board is considering

amending the definition to require that

a CUSO be considered a corporate

CUSO only if any corporate credit union

owns a minimum 25 percent interest or

the aggregate interest by all corporate

credit unions exceeds 50 percent.

By the National Credit Union

Administration Board on November 16, 2000.

Becky Baker,

Secretary of the Board.

[FR Doc. 00–29837 Filed 11–21–00; 8:45 am]

BILLING CODE 7535–01–U

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 00–AEA–12]

Amendment to Class E Airspace;

Culpepper, VA

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking.

SUMMARY: This document proposes to

establish Class E airspace at Culpepper,

VA. A helicopter Point in Space

approach, has been developed for

Culpepper Memorial Hospital,

Culpepper, VA. Controlled airspace

extending upward from 700 feet to 1200

feet Above Ground Level (AGL) is

needed to contain aircraft executing the

approach. This action proposes to

establish Class E airspace to include the

Point in Space approach to Culpepper

Memorial Hospital Heliport. The area

would be depicted on aeronautical

charts for pilot reference.

DATES: Comments must be received on

or before December 22, 2000.

ADDRESSES: Send comments on the

proposal in triplicate to: Manager,

Airspace Branch, AEA–520, Docket No.

00–AEA–12, F.A.A. Eastern Region, 1

Aviation Plaza, Jamaica, NY 11434–

4809.

The official docket may be examined

in the Office of the Regional Counsel,

AEA–7, F.A.A. Eastern Region, 1

Aviation Plaza, Jamaica, NY 11434–

4809.

An informal docket may also be

examined during normal business hours

in the Airspace Branch, AEA–520,

F.A.A. Eastern Region, 1 Aviation Plaza,

Jamaica, NY 11434–4809.

FOR FURTHER INFORMATION CONTACT: Mr.

Francis T. Jordan, Jr., Airspace

Specialist, Airspace Branch, AEA–520,

F.A.A. Eastern Region, 1 Aviation Plaza,

Jamaica, NY, 11434–4809; telephone:

(718) 553–4521.

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, 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 notice must submit

with those comments a self-addressed,

stamped postcard on which the

following statement is made:

‘‘Comments to Airspace Docket No. 00–

AEA–12’’. The postcard will be date/

time stamped and returned to the

commenter. All communications

received on or before the closing date

for comments will be considered before

Federal Register / Vol. 65, No. 226 / Wednesday, November 22, 2000 / Proposed Rules 70323

taking action on the proposed rule. The

proposal contained in this notice 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 the FAA personnel

concerned with this rulemaking will be

filed in the docket.

Availability of NPRMs

Any person may obtain a copy of this

Notice of Proposed Rulemaking (NPRM)

by submitting a request to the Office of

the Regional Counsel, AEA–7, F.A.A.

Eastern Region, 1 Aviation Plaza,

Jamaica NY, 11434–4809.

Communications must identify the

notice number of this NPRM. Persons

interested in being placed on a mailing

list for future NPRMs should also

request a copy of Advisory Circular No.

11–2A, which describes the application

procedure.

The Proposal

The FAA is considering an

amendment to Part 71 of the Federal

Aviation Regulations (14 CFR Part 71) to

establish Class E airspace area at

Culpepper, VA. A RNAV Point in Space

Approach has been developed for

Culpepper Memorial Hospital Heliport

Culpepper, VA. Controlled airspace

extending upward from 700 feet AGL is

needed to accommodate the approach.

Class E airspace designations for

airspace areas extending upward from

700 feet or more above the surface are

published in Paragraph 6005 of FAA

Order 7400.9H, dated September 1,

2000, and effective September 16, 2000,

which is incorporated by reference in 14

CFR 71.1. The Class E airspace

designation 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.

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 would only affect air

traffic procedures and air navigation, it

is certified that this proposed rule

would not have 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—[AMENDED]

1. The authority citation for 14 CFR

Part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113,

40120; EO 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 7400.9F dated

September 10, 2000, and effective

September 16, 2000, is proposed to be

amended as follows:

Paragraph 6005 Class E airspace areas

extending upward from 700 feet or more

above the surface of the earth.

* * * * *

AEA VA E5, Culpepper, VA

Culpepper Memorial Hospital Heliport.

(Lat. 3827.900N–long. 07801.110W)

That airspace extending upward from 700

feet above the surface within a 6 mile radius

of University of Virginia Medical Center

Heliport.

* * * * *

Issued in Jamaica, New York, on October

30, 2000.

F.D. Hatfield,

Manager, Air Traffic Division, Eastern Region.

[FR Doc. 00–29911 Filed 11–21–00; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 00–AEA–11]

Amendment to Class E Airspace;

Charlottesville, VA

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking.

SUMMARY: This document proposes to

establish Class E airspace at

Charlottesville, VA. A helicopter Point

in Space approach, has been developed

for University of Virginia Medical

Center, Charlottesville, VA. Controlled

airspace extending upward from 700

feet to 1200 feet Above Ground Level

(AGL) is needed to contain aircraft

executing the approach. This action

proposes to establish Class E airspace to

include the Point in Space approach to

University of Virginia Medical Center

Heliport. The area would be depicted on

aeronautical charts for pilot reference.

DATES: Comments must be received on

or before December 22, 2000.

ADDRESSES: Send comments on the

proposal in triplicate to: Manager,

Airspace Branch, AEA–520, Docket No.

00–AEA–11, F.A.A. Eastern Region, 1

Aviation Plaza, Jamaica, NY 11434–

4809.

The official docket may be examined

in the Office of the Regional Counsel,

AEA–7, F.A.A. Eastern Region, 1

Aviation Plaza, Jamaica, NY 11434–

4809.

An informal docket may also be

examined during normal business hours

in the Airspace Branch, AEA–520,

F.A.A. Eastern Region, 1 Aviation Plaza,

Jamaica, NY 11434–4809.

FOR FURTHER INFORMATION CONTACT: Mr.

Francis T. Jordan, Jr., Airspace

Specialist, Airspace Branch, AEA–520,

F.A.A. Eastern Region, 1 Aviation Plaza,

Jamaica, NY 11434–4809; telephone:

(718) 553–4521.

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, 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 notice must submit

with those comments a self-addressed,

stamped postcard on which the

following statement is made:

‘‘Comments to Airspace Docket No. 00–

AEA–11.’’ The postcard will be date/

time stamped and returned to the

commenter. All communications

received on or before the closing date

for comments will be considered before

taking action on the proposed rule. The

proposal contained in this notice may

be changed in light of comments

received. All comments submitted will

be available for examination in the