76184 Federal Register / Vol. 65, No. 235 / Wednesday, December 6, 2000 / Proposed Rules

and Capital Standards (1988, as amended in 1998)

(Basel Accord). Furthermore, any qualifying

securities firm, or its parent consolidated group,

must have a long-term issuer credit rating, or a

rating on at least one issue of long-term unsecured

debt, from a nationally recognized statistical rating

organization that is in one of the three highest

investment grade rating categories used by the

rating agency.

23With regard to securities firms incorporated in

the United States, qualifying securities firms are

those securities firms that are broker-dealers

registered with the Securities and Exchange

Commission (SEC). They must be subject to and in

compliance with the SEC’s net capital rule, 17 CFR

240.15c3–1, and subject to the margin and other

regulatory requirements applicable to registered

broker-dealers. With regard to securities firms

incorporated in any other country in the OECDbased group of countries, qualifying securities firms

are those securities firms that are subject to

consolidated supervision and regulation (covering

their direct and indirect subsidiaries, but not

necessarily their parent organizations) comparable

to that imposed on banks in OECD countries. Such

regulation must include risk-based capital

requirements comparable to those applied to banks

under the Accord on International Convergence of

Capital Measurement and Capital Standards (1988,

as amended in 1998) (Basel Accord). Furthermore,

any qualifying securities firm, or its parent

consolidated group, must have a long-term issuer

credit rating, or a rating on at least one issue of

long-term unsecured debt, from a nationally

recognized statistical rating organization that is in

one of the three highest rating categories used by

the rating agency.

Attachment III—Summary of Risk Weights

and Risk Categories for Bank Holding

Companies

* * * * *

Category 2: 20 Percent * * *

12. Claims on, and claims guaranteed by,

qualifying securities firms incorporated in

the OECD-based group of countries.

* * * * *

By order of the Board of Governors of the

Federal Reserve System, November 27, 2000.

Jennifer J. Johnson,

Secretary of the Board.

Federal Deposit Insurance Corporation

12 CFR Chapter III

For the reasons set forth in the joint

preamble, part 325 of chapter III of title

12 of the Code of Federal Regulations is

proposed to be amended as follows:

PART 325—CAPITAL MAINTENANCE

1. The authority citation for part 325

continues to read as follows:

Authority: 12 U.S.C. 1815(a), 1815(b),

1816, 1818(a), 1818(b), 1818(c), 1818(t),

1819(Tenth), 1828(c), 1828(d), 1828(i),

1828(n), 1828(o), 1831o, 1835, 3907, 3909,

4808; Pub. L. 102–233, 105 Stat. 1761, 1789,

1790 (12 U.S.C. 1831n note); Pub. L. 102–

242, 105 Stat. 2236, 2355, as amended by

Pub. L. 103–325, 108 Stat. 2160, 2233 (12

U.S.C. 1828 note); Pub. L. 102–242, 105 Stat.

2236, 2386, as amended by Pub. L. 102–550,

106 Stat. 3672, 4089 (12 U.S.C. 1828 note).

2. In appendix A to part 325, section

II.B.3., the phrase ‘‘U.S. depository

institutions and foreign banks’’ is

removed and the phrase ‘‘U.S.

depository institutions, foreign banks,

and qualifying OECD-based securities

firms’’ is added in its place.

3. In appendix A to part 325:

a. In section II.C., under Category 2—

20 Percent Risk Weight, add a new

sentence immediately after the existing

first sentence;

b. Redesignate footnotes 23 through

42 as footnotes 24 through 43;

c. Add a new footnote 23; and

d. In Table II, add a new paragraph

(13) under Category 2—20 Percent Risk

Weight.

Appendix A to Part 325—Statement of

Policy on Risk-Based Capital

* * * * *

II. * * *

C. * * *

Category 2–20 Percent Risk Weight

* * * This category also includes

claims on, and claims guaranteed by,

qualifying securities firms incorporated

in the OECD-based group of countries.23

***

* * * * *

Table II—Summary of Risk Weights

and Risk Categories

* * * * *

Category 2–20 Percent Risk Weight

* * * * *

(13) Claims on, and claims guaranteed

by, qualifying securities firms

incorporated in the OECD-based group

of countries.

* * * * *

By order of the Board of Directors.

Dated at Washington, D.C., this 17th day of

October, 2000.

Federal Deposit Insurance Corporation.

Robert E. Feldman,

Executive Secretary.

Office of Thrift Supervision

For the reasons set forth in the joint

preamble, the Office of Thrift

Supervision amends part 567 of chapter

V of title 12 of the Code of Federal

Regulations as follows:

PART 567—CAPITAL

1. The authority citation for part 567

continues to read as follows:

Authority: 12 U.S.C. 1462, 1462a, 1463,

1464, 1467a, 1828 (note).

2. Section 567.6 is amended by

adding paragraph (a)(1)(ii)(T) to read as

follows:

§ 567.6 Risk-based capital credit riskweight categories.

(a) * * *

(1) * * *

(ii) * * *

(T) Claims on, and claims guaranteed

by, a qualifying securities firms

incorporated in an OECD-based country.

(1)(i) A qualifying securities firm

incorporated in the United States must

be a broker-dealer that is registered with

the Securities and Exchange

Commission (SEC). It must be subject to

and comply with the SEC’s net capital

rule (17 CFR 240.15c3(1), margin

regulations and other regulatory

requirements applicable to a registered

broker-dealer.

(ii) A qualifying securities firm

incorporated in any other OECD-based

country must be a security firm that is

subject to consolidated supervision and

regulation (covering its subsidiaries, but

not necessarily its parent organization)

comparable to that imposed on

depository institutions under the

Accord on International Convergence of

Capital Measurement and Capital

Standards (1988, as amended in 1998).

(2) A qualifying securities firm (or its

parent consolidated group) must also

have a long-term issuer credit rating, or

a rating on at least one issue of longterm unsecured debt, from a nationally

recognized statistical rating

organization. The rating must be in one

of the three highest investment grade

categories used by the ratings agency.

* * * * *

By the Office of Thrift Supervision.

Dated: November 3, 2000.

Ellen Seidman,

Director.

[FR Doc. 00–30615 Filed 12–5–00; 8:45 am]

BILLING CODES 4810–33–P; 6210–01–P; 6714–01–P;

6720–01–P

SMALL BUSINESS ADMINISTRATION

13 CFR Part 121

Small Business Size Standards;

Waiver of the Nonmanufacturer Rule

AGENCY: Small Business Administration.

ACTION: Proposed waiver of rule.

SUMMARY: The Small Business

Administration (SBA) is considering

granting a waiver of the

Nonmanufacturer Rule for Surge

Arresters, Current and Voltage

Transformers, Disconnected Switches,

Sultotransformers, Power Transformers

(multiple winding type), Insulator

Assemblies for transmission lines

(porcelain and polymer type), and

Stacking Post Insulators. The basis for a

waiver of the Nonmanufacturer Rule for

these products is that there are no small

business manufacturers or processors

Federal Register / Vol. 65, No. 235 / Wednesday, December 6, 2000 / Proposed Rules 76185

available to supply these products to the

Federal Government. The effect of a

waiver would be to allow an otherwise

qualified Nonmanufacturer to supply

other than the product of a domestic

small business manufacturer or

processor on a Federal contract set aside

for small businesses or awarded through

the SBA 8(a) Program. The purpose of

this document is to solicit comments

and potential source information from

interested parties.

DATES: Comments and sources must be

submitted on or before December 12,

2000.

ADRESSES: Edith Butler, Program

Analyst, U.S. Small Business

Administration, 409 3rd Street SW.,

Washington, DC 20416, Tel: (202) 619–

0422.

FOR FURTHER INFORMATION CONTACT:

Edith Butler, Program Analyst, (202)

619–0422, FAX (202) 205–6845.

SUPPLEMENTARY INFORMATION: Public

Law 100–656, enacted on November 15,

1988, incorporated into the Small

Business Act the previously existing

regulation that recipients of Federal

contracts set-aside for small businesses

or the SBA 8(a) Program procurement

must provide the product of a small

business manufacturer or processor, if

the recipient is other than the actual

manufacturer or processor. This

requirement is commonly referred to as

the Nonmanufacturer Rule. The SBA

regulations imposing this requirement

are found a 13 CFR 121.406(b). Section

303(h) of the law provides for waiver of

this requirement by SBA for any ‘‘class

of products’’ for which there are no

small business manufacturers or

processors in the Federal market. To be

considered available to participate in

the Federal market on these classes of

products, a small business manufacturer

must have submitted a proposal for a

contract solicitation or received a

contract from the Federal Government

within the last 24 months. The SBA

defines ‘‘class of products’’ based on

two coding systems. The first is the

Office of Management and Budget North

American Industry Classification

System (NAICS). The second is the

Product and Service Code (PSC)

established by the Federal Procurement

Data System.

The Small Business Administration is

currently processing a request for a

waiver of the Nonmanufacturer Rule for

Surge Arresters (SIC 3643, NAICS

335931), Current and Voltage

Transformers (SIC 3612, NAICS

335311), Disconnect Switches (SIC

3613, NAICS 335313), Sutotransformers

(SIC 3612, NAICS 335311), Power

Transformers (multiple winding type)

(SIC 3612, NAICS 335311), Insulator

Assemblies for transmission lines

(porcelain and polymer type) (SIC 3264/

3644, NAICS 327113/335932), and

Stacking Post Insluators (SIC 3264,

NAICS 3327113), and invites the public

to comment or provide information on

potential small business manufacturers

for these products.

In an effort to identify potential small

business manufacturers, the SBA has

searched Procurement Marketing &

Access Network (PRO-Net) and the SBA

will publish a notice in the Commerce

Business Daily. The public is invited to

comment or provide source information

to SBA on the proposed waiver of the

Nonmanufacturer Rule for these classes

of products.

Dated: November 21, 2000.

Luz A. Hopewell,

Associate Administrator for Government

Contracting.

[FR Doc. 00–30779 Filed 12–5–00; 8:45 am]

BILLING CODE 8025–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 2000–NM–260–AD]

RIN 2120–AA64

Airworthiness Directives; McDonnell

Douglas Model DC–9–81, –9–82, –9–83,

and –9–87 Series Airplanes; Model

MD–88 Airplanes; and Model MD–90–

30 Series Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This document proposes the

adoption of a new airworthiness

directive (AD) that is applicable to

certain McDonnell Douglas Model DC–

9–81, –9–82, –9–83, and –9–87 series

airplanes; Model MD–88 airplanes; and

Model MD–90–30 series airplanes.

This proposal would require

repetitive inspections of the number 1

and 2 electric motors of the auxiliary

hydraulic pump for electrical resistance,

continuity, mechanical rotation, and

associated wiring resistance/voltage;

and corrective actions, if necessary. This

action is necessary to prevent various

failures of electric motors of the

auxiliary hydraulic pump and

associated wiring, which could result in

fire at the auxiliary hydraulic pump and

consequent damage to the adjacent

electrical equipment and/or structure.

This action is intended to address the

identified unsafe condition.

DATES: Comments must be received by

January 22, 2001.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), Transport

Airplane Directorate, ANM–114,

Attention: Rules Docket No. 2000–NM–

260–AD, 1601 Lind Avenue, SW.,

Renton, Washington 98055–4056.

Comments may be inspected at this

location between 9 a.m. and 3 p.m.,

Monday through Friday, except Federal

holidays. Comments may be submitted

via fax to (425) 227–1232. Comments

may also be sent via the Internet using

the following address: 9-anmnprmcomment@faa.gov. Comments sent

via fax or the Internet must contain

‘‘Docket No. 2000–NM–260–AD’’ in the

subject line and need not be submitted

in triplicate. Comments sent via the

Internet as attached electronic files must

be formatted in Microsoft Word 97 for

Windows or ASCII text.

The service information referenced in

the proposed rule may be obtained from

Boeing Commercial Aircraft Group,

Long Beach Division, 3855 Lakewood

Boulevard, Long Beach, California

90846, Attention: Technical

Publications Business Administration,

Dept. C1–L51 (2–60). This information

may be examined at the FAA, Transport

Airplane Directorate, 1601 Lind

Avenue, SW., Renton, Washington; or at

the FAA, Los Angeles Aircraft

Certification Office, 3960 Paramount

Boulevard, Lakewood, California.

FOR FURTHER INFORMATION CONTACT:

Albert Lam, Aerospace Engineer,

Systems and Equipment Branch, ANM–

130L, the FAA, Los Angeles Aircraft

Certification Office, 3960 Paramount

Boulevard, Lakewood, California 90712;

telephone (526) 627–5346; fax (562)

627–5210.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested persons are invited to

participate in the making of the

proposed rule by submitting such

written data, views, or arguments as

they may desire. Communications shall

identify the Rules Docket number and

be submitted in triplicate to the address

specified above. All communications

received on or before the closing date

for comments, specified above, will be

considered before taking action on the

proposed rule. The proposals contained

in this action may be changed in light

of the comments received.

Submit comments using the following

format: