Federal Register / Vol. 78, No. 17 / Friday, January 25, 2013 / Proposed Rules 5325 

robustness of its capital adequacy 

process; and 

(iii) Farmer Mac’s ability to maintain 

capital above the minimum core capital 

and regulatory capital ratios and above 

a Tier 1 ratio set in accordance with a 

well-articulated risk tolerance policy 

established by the board of directors on 

a pro forma basis under expected and 

stressful conditions throughout the 

planning horizon, including but not 

limited to any stressed scenarios 

required under paragraph (c)(2)(i)(A) 

and (c)(2)(ii) of this section. 

(iv) All supervisory information about 

Farmer Mac and its subsidiaries; 

(v) Farmer Mac’s regulatory and 

financial reports, as well as supporting 

data that would allow for an analysis of 

its loss, revenue, and projections; 

(vi) As applicable, OSMO’s own pro 

forma estimates of Farmer Mac’s 

potential losses, revenues, and resulting 

capital adequacy measurements under 

expected and stressful conditions, 

including but not limited to any stressed 

scenarios required under paragraphs 

(c)(2)(i)(A) and (c)(2)(ii) of this section, 

as well as the results of any other stress 

tests conducted by Farmer Mac or 

OSMO; and 

(vii) Other information requested or 

required by OSMO, as well as any other 

information relevant to Farmer Mac’s 

capital adequacy. 

(e) OSMO action on a capital plan. 

(1) OSMO will review the capital plan 

and provide an assessment to Farmer 

Mac of the capital adequacy and 

planning process through its ongoing 

examination and oversight process. 

(2) Upon a request by OSMO, Farmer 

Mac must provide OSMO with 

sufficient information regarding its 

planning assumptions, stress test 

strategies and results and any other 

relevant qualitative or quantitative 

information requested by OSMO to 

facilitate review of Farmer Mac’s capital 

plan under this section. 

(3) OSMO may require Farmer Mac to 

revise and re-submit its capital plan. 

(f) Farmer Mac response to OSMO’s 

assessment. Regardless of whether resubmission is required, Farmer Mac 

must take the results of the stress tests 

conducted under paragraph (c)(2)(i)(A) 

and (c)(2)(ii) of this section (including 

any revisions required under paragraph 

(e)(3) of this section) as well as OSMO’s 

assessment into account in making 

changes, as appropriate, to Farmer 

Mac’s capital structure (including the 

level and composition of capital); its 

exposures, concentrations, and risk 

positions; any plans for recovery and 

resolution; and to improve overall risk 

management. Farmer Mac must 

document in writing its actions in 

response to the stress tests and 

assessment, as well as decisions not to 

take actions in response to any issues 

raised in the assessment. 

§ 652.62 Notice to OSMO of capital 

distributions. 

(a) Farmer Mac must provide OSMO 

with notice 15 calendar days prior to a 

board consideration of a declaration of 

a capital distribution or any material 

changes in capital distributions policies. 

(b) Notice under paragraph (a) of this 

section is not required with respect to 

a regular periodic payment of dividends 

on common stock and preferred stock 

when there is no change in the amount 

of payment per share from the previous 

period. 

Dated: January 18, 2013. 

Dale L. Aultman, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 2013–01500 Filed 1–24–13; 8:45 am] 

BILLING CODE 6705–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

[Docket No. FAA–2012–0853; Airspace 

Docket No. 12–ANM–23] 

Proposed Amendment of Class E 

Airspace; Astoria, OR 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Supplemental notice of 

proposed rulemaking (SNPRM). 

SUMMARY: The FAA is issuing a SNPRM 

for the notice of proposed rulemaking 

(NPRM) published on October 9, 2012, 

in order to elicit comments addressing 

the proposed airspace modification west 

of the airport to accommodate aircraft 

using Area Navigation (RNAV) Global 

Positioning System (GPS) standard 

instrument approach procedures. The 

FAA has reassessed the NPRM and finds 

that extension of the Class E airspace 

area west of the airport to within 11 

miles north of the airport 268° degree 

bearing is necessary for the safety and 

management of instrument flight rules 

(IFR) operations in the Astoria, OR, area. 

DATES: Comments must be received on 

or before March 11, 2013. 

ADDRESSES: Send comments on this 

proposal to the U.S. Department of 

Transportation, Docket Operations, M– 

30, West Building Ground Floor, Room 

W12–140, 1200 New Jersey Avenue SE., 

Washington, DC 20590; telephone (202) 

366–9826. You must identify FAA 

Docket No. FAA–2012–0853; Airspace 

Docket No. 12–ANM–23, at the 

beginning of your comments. You may 

also submit comments through the 

Internet at 

http://www.regulations.gov. 

FOR FURTHER INFORMATION CONTACT: 

Eldon Taylor, Federal Aviation 

Administration, Operations Support 

Group, Western Service Center, 1601 

Lind Avenue SW., Renton, WA 98057; 

telephone (425) 203–4537. 

SUPPLEMENTARY INFORMATION: 

History 

On October 9, 2012, the FAA 

published a NPRM to modify Class E 

airspace, extending upward from 700 

feet or more above the surface, at 

Astoria Regional Airport, Astoria, OR 

(77 FR 61306). The comment period 

closed November 23, 2012. No 

comments were received. Subsequent to 

publication, the Western Flight 

Procedures Office reassessed the 

proposal and modified the north 

extension west of the airport from 

within 6 miles north to within 11 miles 

north of the airport 268° degree bearing. 

The airspace extension would 

accommodate missed approach holding 

for RNAV (GPS) standard instrument 

approach procedures. 

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, aeronautical, economic, 

environmental, and energy-related 

aspects of the proposal. 

Communications should identify both 

docket numbers (FAA Docket No. FAA 

2012–0853 and Airspace Docket No. 12– 

ANM–23) and be submitted in triplicate 

to the Docket Management System (see 

ADDRESSES section for address and 

phone number). You may also submit 

comments through the Internet at http:// 

www.regulations.gov. 

Commenters wishing the FAA to 

acknowledge receipt of their comments 

on this action must submit with those 

comments a self-addressed stamped 

postcard on which the following 

statement is made: ‘‘Comments to FAA 

Docket No. FAA–2012–0853 and 

Airspace Docket No. 12–ANM–23’’. The 

postcard will be date/time stamped and 

returned to the commenter. 

All communications received on or 

before the specified closing date for 


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5326 Federal Register / Vol. 78, No. 17 / Friday, January 25, 2013 / Proposed Rules 

comments will be considered before 

taking action on the proposed rule. The 

proposal contained in this action may 

be changed in light of comments 

received. All comments submitted will 

be available for examination in the 

public docket both before and after the 

closing date for comments. A report 

summarizing each substantive public 

contact with FAA personnel concerned 

with this rulemaking will be filed in the 

docket. 

Availability of NPRM’s 

An electronic copy of this document 

may be downloaded through the 

Internet at http://www.regulations.gov. 

Recently published rulemaking 

documents can also be accessed through 

the FAA’s Web page at http:// 

www.faa.gov/airports_airtraffic/ 

air_traffic/publications/ 

airspace_amendments/. 

You may review the public docket 

containing the proposal, any comments 

received, and any final disposition in 

person in the Dockets Office (see the 

ADDRESSES section for the address and 

phone number) between 9:00 a.m. and 

5:00 p.m., Monday through Friday, 

except federal holidays. An informal 

docket may also be examined during 

normal business hours at the Northwest 

Mountain Regional Office of the Federal 

Aviation Administration, Air Traffic 

Organization, Western Service Center, 

Operations Support Group, 1601 Lind 

Avenue SW., Renton, WA 98057. 

Persons interested in being placed on 

a mailing list for future NPRM’s should 

contact the FAA’s Office of Rulemaking, 

(202) 267–9677, for a copy of Advisory 

Circular No. 11–2A, Notice of Proposed 

Rulemaking Distribution System, which 

describes the application procedure. 

The Supplemental Proposal 

The FAA is proposing an amendment 

to Title 14 Code of Federal Regulations 

(14 CFR) part 71 by modifying Class E 

airspace extending upward from 700 

feet above the surface at Astoria 

Regional Airport, Astoria, OR, to 

accommodate aircraft using RNAV 

(GPS) standard instrument approach 

procedures at Astoria Regional Airport. 

Additionally, from the Astoria Regional 

Airport 268° bearing from the 7-mile 

radius to 17.5 miles west, the airspace 

would be changed from within 6 miles 

north of the 268° bearing to within 11 

miles north. This action would enhance 

the safety and management of IFR 

operations and missed approach 

holding procedures for RNAV (GPS) 

standard instrument approach 

procedures at the airport. 

Class E airspace designations are 

published in paragraph 6005, of FAA 

Order 7400.9W, dated August 8, 2012, 

and effective September 15, 2012, which 

is incorporated by reference in 14 CFR 

71.1. The Class E airspace designation 

listed in this document will be 

published subsequently in this 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 will only affect air 

traffic procedures and air navigation, it 

is certified that this proposed rule, 

when promulgated, would not have a 

significant economic impact on a 

substantial number of small entities 

under the criteria of the Regulatory 

Flexibility Act. 

The FAA’s authority to issue rules 

regarding aviation safety is found in 

Title 49 of the U.S. Code. Subtitle 1, 

Section 106, describes the authority for 

the FAA Administrator. Subtitle VII, 

Aviation Programs, describes in more 

detail the scope of the agency’s 

authority. This rulemaking is 

promulgated under the authority 

described in Subtitle VII, Part A, 

Subpart I, Section 40103. Under that 

section, the FAA is charged with 

prescribing regulations to assign the use 

of the airspace necessary to ensure the 

safety of aircraft and the efficient use of 

airspace. This regulation is within the 

scope of that authority as it would 

modify airspace at Astoria Regional 

Airport, Astoria, OR. 

This proposal will be subject to an 

environmental analysis in accordance 

with FAA Order 1050.1E, 

‘‘Environmental Impacts: Policies and 

Procedures’’ prior to any FAA final 

regulatory action. 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (air). 

The Proposed Amendment 

Accordingly, pursuant to the 

authority delegated to me, the Federal 

Aviation Administration proposes to 

amend 14 CFR part 71 as follows: 

PART 71—DESIGNATION OF CLASS A, 

B, C, D AND E AIRSPACE AREAS; AIR 

TRAFFIC SERVICE ROUTES; AND 

REPORTING POINTS 

■ 1. The authority citation for 14 CFR 

part 71 continues to read as follows: 

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

40120; E.O. 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 the Federal Aviation 

Administration Order 7400.9W, 

Airspace Designations and Reporting 

Points, dated August 8, 2012, and 

effective September 15, 2012 is 

amended as follows: 

Paragraph 6005 Class E airspace areas 

extending upward from 700 feet or more 

above the surface of the earth. 

* * * * * 

ANM OR E5 Astoria, OR [Modified] 

Astoria Regional Airport, Astoria, OR 

(Lat. 46°09′29′′ N., long. 123°52′43′′ W.) 

Seaside Municipal Airport 

(Lat. 46°00′54′′ N., long. 123°54′28′′ W.) 

That airspace extending from 700 feet 

above the surface within a 7-mile radius of 

Astoria Regional Airport; and within 11 

miles north and 8.3 miles south of the 

Astoria Regional Airport 268° bearing 

extending from the 7-mile radius to 17.5 

miles west of Astoria Regional Airport, 

excluding the portion within a 1.8-mile 

radius of Seaside Municipal Airport; and 

within 4 miles northeast and 8.3 miles 

southwest of the Astoria Regional Airport 

326° bearing extending from the 7-mile 

radius to 21.4 miles northwest of Astoria 

Regional Airport; and within 4 miles each 

side of the Astoria Regional Airport 096° 

bearing extending from the 7-mile radius to 

12 miles east of Astoria Regional Airport; and 

within 8.3 miles north and 4 miles south of 

the Astoria Regional Airport 096° bearing 

from 12 miles east, to 28.3 miles east of 

Astoria Regional Airport; and within a 15.9- 

mile radius of Astoria Regional Airport 

extending clockwise from the 326° bearing to 

the 347° bearing of the airport; and within a 

23.1-mile radius of Astoria Regional Airport 

extending clockwise from the 347° bearing to 

the 039° bearing of the airport extending from 

the 15.9-mile radius to a 23.1-mile radius of 

Astoria Regional Airport extending clockwise 

from the airport 039° bearing to the airport 

185° bearing. 

Issued in Seattle, Washington, on 

December 21, 2012. 

Harry S. Karnes, 

Acting Manager, Operations Support Group, 

Western Service Center. 

[FR Doc. 2013–01383 Filed 1–24–13; 8:45 am] 

BILLING CODE 4910–13–P 


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