Federal Register / Vol. 87, No. 19 / Friday, January 28, 2022 / Rules and Regulations 4471 

(4) Insured depository institution as 

trustee of an irrevocable trust. Deposits 

held by an insured depository 

institution in its capacity as trustee of 

an irrevocable trust are insured as 

provided in § 330.12. 

§ 330.13 [Removed and Reserved] 

■ 5. Remove and reserve § 330.13. 

Federal Deposit Insurance Corporation. 

By order of the Board of Directors. 

Dated at Washington, DC, this 21st day of 

January, 2022. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2022–01607 Filed 1–27–22; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

12 CFR Part 370 

Notification to Institutions Covered by 

the FDIC’s Recordkeeping for Timely 

Deposit Insurance Determination Rule 

Regarding Amendments to the Deposit 

Insurance Coverage Rules 

AGENCY: Federal Deposit Insurance 

Corporation (FDIC). 

ACTION: Notification. 

SUMMARY: The FDIC is publishing this 

notification to insured depository 

institutions covered by its 

Recordkeeping for Timely Deposit 

Insurance Determination rule that it has 

amended its deposit insurance coverage 

rules for certain trust accounts and 

mortgage servicing accounts and such 

amendments will take effect on April 1, 

2024. The FDIC is publishing this 

notification to specify for covered 

institutions that they must prepare 

updates or changes to their deposit 

insurance calculation capabilities as a 

result of the amendments, and such 

changes must be implemented and 

operational on April 1, 2024, the 

effective date of the amendments. 

DATES: January 28, 2022. 

FOR FURTHER INFORMATION CONTACT: 

Cassandra Knighton, Section Chief, 

Division of Complex Institution 

Supervision and Resolution, (972) 761– 

2802, cknighton@FDIC.gov; Shane 

Kiernan, Counsel, Legal Division, (202) 

898–8512, skiernan@fdic.gov. 

SUPPLEMENTARY INFORMATION: The FDIC 

is providing notice to insured 

depository institutions covered by its 

rule entitled ‘‘Recordkeeping for Timely 

Deposit Insurance Determination,’’ 12 

CFR part 370 (each a ‘‘covered 

institution’’ under ‘‘part 370’’), that it 

amended its deposit insurance coverage 

rules for certain trust accounts and 

mortgage servicing accounts on January 

21, 2022 (the ‘‘amendments’’). The 

amendments take effect on April 1, 

2024. The FDIC delayed the effective 

date of the amendments until April 1, 

2024, to provide time before the 

amendments take effect to: Insured 

depository institutions and their 

depositors to review deposit insurance 

coverage and adjust their deposit 

account arrangements and deposit 

relationships, if desired; FDIC staff to 

reprogram the information technology 

infrastructure that the FDIC uses to 

determine deposit insurance coverage 

and to make payment to insured 

depositors and update the FDIC’s 

deposit insurance coverage 

publications, including publications 

that provide guidance to covered 

institutions; and covered institutions to 

prepare to implement changes to 

recordkeeping and information 

technology capabilities required under 

part 370. 

Part 370 generally requires each 

covered institution to implement the 

information technology system and 

recordkeeping capabilities needed to 

quickly calculate the amount of deposit 

insurance coverage available for each 

deposit account in the event of failure 

(‘‘part 370 capabilities’’). Pursuant to 

§ 370.10(d), ‘‘[a] covered institution will 

not be considered to be in violation of 

this part as a result of a change in law 

that alters the availability or calculation 

of deposit insurance for such period as 

specified by the FDIC following the 

effective date of such change.’’ 12 CFR 

370.10(d). The FDIC is publishing this 

document pursuant to § 370.10(d) to 

specify for covered institutions that they 

must prepare updates or changes to 

their part 370 capabilities as a result of 

the amendments, and such changes 

must be implemented and operational 

on April 1, 2024, the effective date of 

the amendments. The delayed effective 

date of the amendments provides 

covered institutions with at least 24 

months following adoption to prepare 

the updates or changes to their part 370 

capabilities. Therefore, the FDIC is not 

providing an additional period of time 

pursuant to § 370.10(d) after April 1, 

2024. 

Federal Deposit Insurance Corporation. 

Dated at Washington, DC, on January 21, 

2022. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2022–01608 Filed 1–27–22; 8:45 am] 

BILLING CODE 6714–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2022–0013; Project 

Identifier MCAI–2021–01371–E; Amendment 

39–21920; AD 2022–03–03] 

RIN 2120–AA64 

Airworthiness Directives; Austro 

Engine GmbH Engines 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule; request for 

comments. 

SUMMARY: The FAA is superseding 

Airworthiness Directive (AD) 2021–22– 

20 which applied to certain Austro 

Engine GmbH E4 and E4P model diesel 

piston engines. AD 2021–22–20 

required, for engines with an affected 

cylinder head, inspection of the high 

pressure pump (HPP) driving gear and, 

depending on the results of the 

inspection, replacement of the HPP 

driving gear with a part eligible for 

installation. AD 2021–22–20 also 

required, for engines with an affected 

HPP driving gear, replacement of the 

HPP driving gear before further flight or 

within a certain number of flight hours, 

depending on the engine configuration 

and number of affected engines 

installed. This AD requires, for engines 

equipped with a certain cylinder head 

and HPP driving gear combination, 

removal, inspection, and replacement of 

the HPP driving gear before further 

flight and, depending on the inspection 

findings, replacement of the HPP shaft, 

cylinder head, camshaft gear, or inlet/ 

outlet camshaft bushing. This AD also 

requires, for engines with an affected 

HPP driving gear, replacement of the 

HPP driving gear before further flight or 

within a certain number of flight hours, 

depending on the engine configuration 

and number of affected engines 

installed. This AD was prompted by 

reports of failure of the HPP driving gear 

and a subsequent determination that a 

batch of HPP driving gears may have 

been damaged during assembly. This 

AD was also prompted by an 

investigation which found that certain 

cylinder heads installed in combination 

with certain HPP driving gear on the 

same engine may cause damage to the 

HPP driving gear. The FAA is issuing 

this AD to address the unsafe condition 

on these products. 

DATES: This AD is effective February 14, 

2022. 

The Director of the Federal Register 

approved the incorporation by reference 


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