Federal Register / Vol. 65, No. 28 / Thursday, February 10, 2000 / Rules and Regulations 6531

generally need to market their entire

annual crop and do not have the

resources to cushion seasons with poor

spearmint oil returns. Conversely, large

diversified producers have the potential

to endure one or more seasons of poor

spearmint oil markets because of

stronger incomes from alternate crops

which could support the operation for a

period of time. Despite the advantage

larger producers may have, increasing

the Native salable quantity and

allotment percentage will help both

large and small producers by improving

returns.

Based on projections available at the

meeting, the Committee considered

alternatives to the 5 percent increase.

The Committee not only considered

leaving the salable quantity and

allotment percentage unchanged, but

also looked at various increases ranging

from 1 percent to 15 percent. The

Committee reached its recommendation

to increase the salable quantity and

allotment percentage for Native

spearmint oil after careful consideration

of all available information, and

believes that the level recommended

will achieve the objectives sought.

Without the increase, the Committee

believes the industry would not be able

to meet market needs. As of January 13,

2000, approximately 25,000 pounds of

Native spearmint oil was available for

market. The past 5-year average of

Native spearmint oil sales from January

1 to May 31 is 208,994 pounds, whereas

the 5-year average for the period June 1

through December 31 is 953,978

pounds. The Far West spearmint oil

industry has sold 1,206,290 pounds of

Native spearmint oil this season through

January 13, 2000. Therefore, based on

historical sales the industry may require

about 40,000 additional pounds of

Native oil to meet the five-year average

annual market demand. This action has

the effect of adding 92,291 pounds of

Native spearmint oil to the amount

available for market, bringing the total

available supply for the period January

13 through May 31, 2000, up to

approximately 117,300 pounds.

Annual salable quantities and

allotment percentages have been issued

for both classes of spearmint oil since

the order’s inception. Reporting and

recordkeeping requirements have

remained the same for each year of

regulation. Accordingly, this action will

not impose any additional reporting or

recordkeeping requirements on either

small or large spearmint oil producers

and handlers. All reports and forms

associated with this program are

reviewed periodically in order to avoid

unnecessary and duplicative

information collection by industry and

public sector agencies. The Department

has not identified any relevant Federal

rules that duplicate, overlap, or conflict

with this rule.

Finally, the Committee’s meeting was

widely publicized throughout the

spearmint oil industry and all interested

persons were invited to attend and

participate on all issues. Interested

persons are also invited to submit

information on the regulatory and

informational impacts of this action on

small businesses.

A small business guide on complying

with fruit, vegetable, and specialty crop

marketing agreements and orders may

be viewed at the following website:

http://www.ams.usda.gov/fv/

moab.html. Any questions about the

compliance guide should be sent to Jay

Guerber at the previously mentioned

address in the FURTHER INFORMATION

CONTACT section.

After consideration of all relevant

matter presented, including that

contained in the prior proposed and

final rules in connection with the

establishment of the salable quantities

and allotment percentages for Scotch

and Native spearmint oils for the 1999–

2000 marketing year, the Committee’s

recommendation and other available

information, it is found that to revise

section 985.218 (42 FR 2799) to change

the salable quantity and allotment

percentage for Native spearmint oil, as

hereinafter set forth, will tend to

effectuate the declared policy of the Act.

This rule invites comments on a

revision to the salable quantity and

allotment percentage for Native

spearmint oil for the 1999–2000

marketing year. A 60–day comment

period is provided. Any comments

received will be considered prior to

finalization of this rule.

Pursuant to 5 U.S.C. 553, it is also

found and determined upon good cause

that it is impracticable, unnecessary,

and contrary to the public interest to

give preliminary notice prior to putting

this rule into effect and that good cause

exists for not postponing the effective

date of this rule until 30 days after

publication in the Federal Register

because: (1) This rule increases the

quantity of Native spearmint oil that

may be marketed during the marketing

year which ends on May 31, 2000; (2)

the current quantity of Native spearmint

oil may be inadequate to meet demand

for the remainder of the season, thus

making the additional oil available as

soon as is practicable is beneficial to

both handlers and producers; (3) the

Committee unanimously recommended

this change at a public meeting and

interested parties had an opportunity to

provide input; and (4) this rule provides

a 60-day comment period and any

comments received will be considered

prior to finalization of this rule.

List of Subjects in 7 CFR Part 985

Marketing agreements, Oils and fats,

Reporting and recordkeeping

requirements, Spearmint oil.

For the reasons set forth in the

preamble, 7 CFR part 985 is amended as

follows:

PART 985—MARKETING ORDER

REGULATING THE HANDLING OF

SPEARMINT OIL PRODUCED IN THE

FAR WEST

1. The authority citation for 7 CFR

Part 985 continues to read as follows:

Authority: 7 U.S.C. 601–674.

2. Section 985.218 is amended by

republishing the introductory text and

revising paragraph (b) to read as follows:

[Note: This section will not appear in the

annual Code of Federal Regulations.]

§ 985.218 Salable quantities and allotment

percentages–1999–2000 marketing year.

The salable quantity and allotment

percentage for each class of spearmint

oil during the marketing year beginning

on June 1, 1999, shall be as follows:

* * * * *

(b) Class 3 (Native) oil—a salable

quantity of 1,288,066 pounds and an

allotment percentage of 60 percent.

Dated: February 4, 2000.

Robert C. Keeney,

Deputy Administrator, Fruit and Vegetable

Programs.

[FR Doc. 00–3041 Filed 2–9–00; 8:45 am]

BILLING CODE 3401–02–P

FEDERAL RESERVE SYSTEM

12 CFR Part 201

[Regulation A]

Extensions of Credit by Federal

Reserve Banks; Change in Discount

Rate

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Final rule.

SUMMARY: The Board of Governors has

amended its Regulation A on Extensions

of Credit by Federal Reserve Banks to

reflect its approval of an increase in the

basic discount rate at each Federal

Reserve Bank. The Board acted on

requests submitted by the Boards of

Directors of the twelve Federal Reserve

Banks.

DATES: The amendments to part 201

(Regulation A) were effective February

6532 Federal Register / Vol. 65, No. 28 / Thursday, February 10, 2000 / Rules and Regulations

2, 2000. The rate changes for adjustment

credit were effective on the dates

specified in 12 CFR 201.51.

FOR FURTHER INFORMATION CONTACT:

Jennifer J. Johnson, Secretary of the

Board, at (202) 452–3259; for users of

Telecommunications Device for the Deaf

(TDD), contact Diane Jenkins, at (202)

452–3544, Board of Governors of the

Federal Reserve System, 20th and C

Streets NW, Washington, D.C. 20551.

SUPPLEMENTARY INFORMATION: Pursuant

to the authority of sections 10(b), 13, 14,

19, et al., of the Federal Reserve Act, the

Board has amended its Regulation A (12

CFR part 201) to incorporate changes in

discount rates on Federal Reserve Bank

extensions of credit. The discount rates

are the interest rates charged to

depository institutions when they

borrow from their district Reserve

Banks.

The ‘‘basic discount rate’’ is a fixed

rate charged by Reserve Banks for

adjustment credit and, at the Reserve

Banks’ discretion, for extended credit.

In increasing the basic discount rate

from 5 percent to 5.25 percent, the

Board acted on requests submitted by

the Boards of Directors of the twelve

Federal Reserve Banks. The new rates

were effective on the dates specified

below. The 25-basis-point increase in

the discount rate was associated with a

similar increase in the federal funds rate

approved by the Federal Open Market

Committee and announced at the same

time.

The Board and the Reserve Banks

remain concerned that over time

increases in demand will continue to

exceed the growth in potential supply,

even after taking account of the

pronounced rise in productivity growth.

Such trends could foster inflationary

imbalances that would undermine the

economy’s record economic expansion.

Against the background of their longrun goals of price stability and

sustainable economic growth and of the

information currently available, the

Board and the Reserve Banks believe the

risks are weighted mainly toward

conditions that may generate heightened

inflation pressures in the foreseeable

future.

Regulatory Flexibility Act Certification

Pursuant to section 605(b) of the

Regulatory Flexibility Act (5 U.S.C.

605(b)), the Board certifies that the

change in the basic discount rate will

not have a significant adverse economic

impact on a substantial number of small

entities. The rule does not impose any

additional requirements on entities

affected by the regulation.

Administrative Procedure Act

The provisions of 5 U.S.C. 553(b)

relating to notice and public

participation were not followed in

connection with the adoption of the

amendment because the Board for good

cause finds that delaying the change in

the basic discount rate in order to allow

notice and public comment on the

change is impracticable, unnecessary,

and contrary to the public interest in

fostering price stability and sustainable

economic growth.

The provisions of 5 U.S.C. 553(d) that

prescribe 30 days prior notice of the

effective date of a rule have not been

followed because section 553(d)

provides that such prior notice is not

necessary whenever there is good cause

for finding that such notice is contrary

to the public interest. As previously

stated, the Board determined that

delaying the changes in the basic

discount rate is contrary to the public

interest.

List of Subjects in 12 CFR Part 201

Banks, banking, Credit, Federal

Reserve System.

For the reasons set out in the

preamble, 12 CFR part 201 is amended

as set forth below:

PART 201—EXTENSIONS OF CREDIT

BY FEDERAL RESERVE BANKS

(REGULATION A)

1. The authority citation for 12 CFR

part 201 continues to read as follows:

Authority: 12 U.S.C. 343 et seq., 347a,

347b, 347c, 347d, 348 et seq., 357, 374, 374a

and 461.

2. Section 201.51 is revised to read as

follows:

§ 201.51 Adjustment credit for depository

institutions.

The rates for adjustment credit

provided to depository institutions

under § 201.3(a) are:

Federal Reserve Bank Rate Effective

Boston ........................................................................................................................................... 5.25 February 2, 2000.

New York ...................................................................................................................................... 5.25 February 2, 2000.

Philadelphia .................................................................................................................................. 5.25 February 2, 2000.

Cleveland ...................................................................................................................................... 5.25 February 2, 2000.

Richmond ...................................................................................................................................... 5.25 February 2, 2000.

Atlanta ........................................................................................................................................... 5.25 February 2, 2000.

Chicago ......................................................................................................................................... 5.25 February 2, 2000.

St. Louis ........................................................................................................................................ 5.25 February 2, 2000.

Minneapolis ................................................................................................................................... 5.25 February 3, 2000.

Kansas City ................................................................................................................................... 5.25 February 2, 2000.

Dallas ............................................................................................................................................ 5.25 February 4, 2000.

San Francisco ............................................................................................................................... 5.25 February 2, 2000.

Federal Register / Vol. 65, No. 28 / Thursday, February 10, 2000 / Rules and Regulations 6533

By order of the Board of Governors of the

Federal Reserve System, February 4, 2000.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 00–3031 Filed 2–9–00; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 98–ANE–79–AD; Amendment

39–11561; AD 2000–03–04]

RIN 2120–AA64

Airworthiness Directives; General

Electric Company CF6–80C2 Series

Turbofan Engines

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule.

SUMMARY: This amendment adopts a

new airworthiness directive (AD),

applicable to General Electric Company

(GE) CF6–80C2 series turbofan engines.

This amendment requires removal from

service of affected fan mid shafts prior

to reaching a new, lower cyclic life

limit, and replacement with serviceable

parts. This amendment is prompted by

recent component test data. The actions

specified by this AD are intended to

prevent fan mid shaft failure, which

could result in an uncontained engine

failure and damage to the aircraft.

EFFECTIVE DATE: April 10, 2000.

ADDRESSES: The service information

referenced in this AD may be obtained

from General Electric Company via

Lockheed Martin Technology Services,

10525 Chester Road, Suite C, Cincinnati,

Ohio 45215, telephone 513–672–8400,

fax 513–672–8422. This information

may be examined at the Federal

Aviation Administration (FAA), New

England Region, Office of the Regional

Counsel, 12 New England Executive

Park, Burlington, MA.

FOR FURTHER INFORMATION CONTACT:

William S. Ricci, Aerospace Engineer,

Engine Certification Office, FAA, Engine

and Propeller Directorate, 12 New

England Executive Park, Burlington, MA

01803–5299; telephone 781–238–7742,

fax 781–238–7199.

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 General Electric

Company (GE) CF6–80C2 series

turbofan engines was published in the

Federal Register on October 26, 1999

(64 FR 57608). That action proposed to

require removal from service of affected

fan mid shafts prior to reaching a new,

lower cyclic life limit, and replacement

with serviceable parts. That action was

prompted by recent component test

data. That condition, if not corrected,

could result in fan mid shaft failure,

which could result in an uncontained

engine failure and damage to the

aircraft.

Comments Received

Interested persons have been afforded

an opportunity to participate in the

making of this amendment. Due

consideration has been given to the

comments received.

Two commenters concur with the rule

as proposed.

Conclusion

After careful review of the available

data, including the comments noted

above, the FAA has determined that air

safety and the public interest require the

adoption of the rule as proposed.

Economic Analysis

There are approximately 1,796

engines of the affected design in the

worldwide fleet. The FAA estimates that

230 engines installed on aircraft of US

registry will be affected by this AD and

that required parts will cost

approximately $90,085 per engine.

Based on these figures, the total cost

impact of the AD on US operators is

estimated to be $20,719,600.

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 (EO) 13132.

For the reasons discussed above, I

certify that this action (1) Is not a

‘‘significant regulatory action’’ under EO

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, 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:

2000–03–04 General Electric Company:

Amendment 39–11561. Docket 98–ANE–

79–AD.

Applicability: General Electric Company

(GE) CF6–80C2 series turbofan engines, with

fan mid shafts, part number (P/N)

9326M74P04 or P/N 9326M74P05, installed.

These engines are installed on but not

limited to Airbus Industrie A300 and A310

series, Boeing 747 and 767 series, and

McDonnell Douglas MD–11 series aircraft.

Note 1: This airworthiness directive (AD)

applies to each engine 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 engines 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 as indicated, unless

accomplished previously.

To prevent fan mid shaft failure, which

could result in an uncontained engine failure

and damage to the aircraft, accomplish the

following:

(a) Remove from service affected fan mid

shafts and replace with a serviceable part, as

follows:

Note 2: GE CF6–80C2 Service Bulletin (SB)

No. 72–958, dated December 10, 1998,

contains information on this subject.

(1) For fan mid shafts that have

accumulated 9,000 or more cycles-since-new

(CSN) on the effective date of this AD,

remove from service within 3,500 cycles-inservice (CIS) after the effective date of this

AD, or prior to accumulating 15,000 CSN,

whichever occurs first.

(2) For fan mid shafts that have

accumulated 1,800 CSN or more, but less