Federal Register / Vol. 62, No. 54 / Thursday, March 20, 1997 / Rules and Regulations 13293

type and practice in the unit by the amount

of insurance for the applicable type and

practice;

(4) Totaling the results in section 12(a)(3);

(5) Subtracting the result in section 12(a)(4)

from the result in section 12(a)(2); and

(6) Multiplying the result in section

12(a)(5) by your share.

(b) The acres with an established stand will

include:

(1) Acreage that has at least 75 percent of

a normal stand;

(2) Acreage abandoned or put to another

use without our prior written consent;

(3) Acreage damaged solely by an

uninsured cause; or

(4) Acreage that is harvested and not

reseeded.

(c) The amount of indemnity on any spring

planted acreage determined in accordance

with section 12(a) will be reduced 50 percent

if the stand is less than 75 percent but more

than 55 percent of a normal stand.

13. Written Agreements

Designated terms of this policy may be

altered by written agreement in accordance

with the following:

(a) You must apply in writing for each

written agreement no later than the sales

closing date, except as provided in section

13(e);

(b) The application for a written agreement

must contain all variable terms of the

contract between you and us that will be in

effect if the written agreement is not

approved;

(c) If approved, the written agreement will

include all variable terms of the contract,

including, but not limited to, crop type or

variety, practice, premium rate, and amount

of insurance;

(d) Each written agreement will only be

valid for one year (If the written agreement

is not specifically renewed the following

year, insurance coverage for subsequent crop

years will be in accordance with the printed

policy); and

(e) An application for a written agreement

submitted after the sales closing date may be

approved if, after a physical inspection of the

acreage, it is determined that no loss has

occurred and the crop is insurable in

accordance with the policy and written

agreement provisions.

Signed in Washington, D.C., on March 14,

1997.

Kenneth D. Ackerman,

Manager, Federal Crop Insurance

Corporation.

[FR Doc. 97–7012 Filed 3–19–97; 8:45 am]

BILLING CODE 3410–FA–P

Animal and Plant Health Inspection

Service

9 CFR Part 77

[Docket No. 96–092–2]

Tuberculosis in Cattle and Bison; State

Designation

AGENCY: Animal and Plant Health

Inspection Service, USDA.

ACTION: Affirmation of interim rule as

final rule.

SUMMARY: We are adopting as a final

rule, without change, an interim rule

that amended the tuberculosis

regulations concerning the interstate

movement of cattle and bison by raising

the designation of Oklahoma from a

modified accredited State to an

accredited-free State. We have

determined that Oklahoma meets the

criteria for designation as an accreditedfree state.

EFFECTIVE DATE: The interim rule was

effective on December 26, 1996.

FOR FURTHER INFORMATION CONTACT: Dr.

Mitchell A. Essey, Senior Staff

Veterinarian, National Animal Health

Programs, VS, APHIS, 4700 River Road

Unit 36, Riverdale, MD 20737–1231,

(301) 734–7727.

SUPPLEMENTARY INFORMATION:

Background

In an interim rule effective and

published in the Federal Register on

December 26, 1996 (61 FR 67928–67929,

Docket No. 96–092–1), we amended the

tuberculosis regulations in 9 CFR part

77 by removing Oklahoma from the list

of modified accredited States in § 77.1

and adding it to the list of accreditedfree States in that section.

Comments on the interim rule were

required to be received on or before

February 24, 1997. We did not receive

any comments. The facts presented in

the interim rule still provide a basis for

the rule.

This action also affirms the

information contained in the interim

rule concerning Executive Order 12866

and the Regulatory Flexibility Act,

Executive Orders 12372 and 12988, and

the Paperwork Reduction Act.

Further, for this action, the Office of

Management and Budget has waived the

review process required by Executive

Order 12866.

List of Subjects in 9 CFR Part 77

Animal diseases, Bison, Cattle,

Reporting and recordkeeping

requirements, Transportation,

Tuberculosis.

PART 77—TUBERCULOSIS

Accordingly, we are adopting as a

final rule, without change, the interim

rule that amended 9 CFR part 77 and

that was published at 61 FR 67928–

67929 on December 26, 1996.

Authority: 21 U.S.C. 111, 114, 114a, 115-

117, 120, 121, 134b, and 134f; 7 CFR 2.22,

2.80, and 371.2(d).

Done in Washington, DC, this 14th day of

March 1997.

Terry L. Medley,

Administrator, Animal and Plant Health

Inspection Service.

[FR Doc. 97–7014 Filed 3–19–97; 8:45 am]

BILLING CODE 3410–34–P

9 CFR Parts 102 and 104

[Docket No. 96–055–2]

Viruses, Serums, Toxins, and

Analogous Products; Biologics

Establishment Licenses and Biological

Product Licenses and Permits

AGENCY: Animal and Plant Health

Inspection Service, USDA.

ACTION: Final rule.

SUMMARY: We are amending the

regulations regarding veterinary

biological products to remove the

examples of the Animal and Plant

Health Inspection Service (APHIS)

forms for U.S. Veterinary Biologics

Establishment Licenses and U.S.

Veterinary Biological Product Licenses

and Permits. This action resulted from

a review of APHIS regulations in

response to the President’s Regulatory

Reform Initiative. The amendments

have the effect of removing unnecessary

material from the regulations. The

APHIS forms for product licenses and

permits will still be used and provided

by the agency—only the examples are

removed from the regulations.

EFFECTIVE DATE: April 21, 1997.

FOR FURTHER INFORMATION CONTACT: Dr.

David Espeseth, Director, Licensing and

Policy Development, Center for

Veterinary Biologics, VS, APHIS, 4700

River Road Unit 148, Riverdale, MD

20737–1237, (301) 734–8245.

SUPPLEMENTARY INFORMATION:

Background

The Animal and Plant Health

Inspection Service (APHIS) conducted a

review of the regulations under 9 CFR

101–118 pertaining to veterinary

biologics initiated under the President’s

Regulatory Reform Initiative to remove

unnecessary material from the

regulations. As part of this initiative, on

August 22, 1996, we published in the

Federal Register (61 FR 43316–43317,

Docket No. 96–055–1) a proposal to

amend the regulations regarding

veterinary biological products by

removing the examples of APHIS forms

for U.S. Veterinary Biologics

Establishment Licenses and U.S.

Veterinary Biological Product Licenses

and Permits. We stated that the APHIS

forms for establishment and product
13294 Federal Register / Vol. 62, No. 54 / Thursday, March 20, 1997 / Rules and Regulations

1Regulation O also requires prior approval of the

bank’s board of directors for certain loans to

insiders and prohibits certain overdrafts by

executive officers and directors. 12 CFR 215.4(b)

and (e).

licenses and permits would still be used

and provided by the agency—only the

examples would be removed from the

regulations. It is not necessary to

include examples of the APHIS forms in

the regulations.

We solicited comments concerning

our proposal for 45 days ending October

7, 1996. We did not receive any

comments by that date.

Therefore, based on the rationale set

forth in the proposed rule, we are

adopting the provisions of the proposal

as a final rule without change.

Executive Order 12866 and Regulatory

Flexibility Act

This rule is a nonsubstantive change

related to agency management and is

therefore not subject to review by the

Office of Management and Budget under

Executive Order 12866.

This rule removes unnecessary

material from the regulations. The

APHIS forms for a U.S. Veterinary

Biologics Establishment License and

U.S. Veterinary Biological Product

License and Permit will still be used.

Only the examples of the forms are

removed from the regulations. This

amendment will not have any adverse

economic effect on producers as the

APHIS forms are produced by the

agency and provided to all qualifying

license and permit applicants.

Under these circumstances, the

Administrator of the Animal and Plant

Health Inspection Service has

determined that this action will not

have a significant economic impact on

a substantial number of small entities.

Executive Order 12372

This program/activity is listed in the

Catalog of Federal Domestic

Assistance under No. 10.025 and is

subject to Executive Order 12372, which

requires intergovernmental consultation

with State and local officials (see 7 CFR

part 3015, subpart V).

Executive Order 12988

This final rule has been reviewed

under Executive Order 12988, Civil

Justice Reform. It is not intended to

have retroactive effect. This rule would

not preempt any State or local laws,

regulations, or policies, unless they

present an irreconcilable conflict with

this rule. There are no administrative

procedures which must be exhausted

prior to a judicial challenge to the

provisions of this rule.

Paperwork Reduction Act

This rule contains no new

information collection or recordkeeping

requirements under the Paperwork

Reduction Act of 1995 (44 U.S.C. 3501

et seq.).

Regulatory Reform

This action is part of the President’s

Regulatory Reform Initiative, which,

among other things, directs agencies to

remove obsolete and unnecessary

regulations and to find less burdensome

ways to achieve regulatory goals.

List of Subjects

9 CFR Part 102

Animal biologics, Reporting and

recordkeeping requirements.

9 CFR Part 104

Animal biologics, Imports, Reporting

and recordkeeping requirements,

Transportation.

Accordingly, 9 CFR parts 102 and 104

are amended as follows:

PART 102—LICENSES FOR

BIOLOGICAL PRODUCTS

1. The authority citation for part 102

continues to read as follows:

Authority: 21 U.S.C. 151–159; 7 CFR 2.22,

2.80, and 371.2(d).

2. Section 102.4, paragraph (c) is

revised to read as follows:

§ 102.4 U.S. Veterinary Biologics

Establishment License.

* * * * *

(c) U.S. Veterinary Biologics

Establishment Licenses shall be

numbered.

* * * * * *

§ 102.5 [Amended]

3. In § 102.5, paragraph (c) is removed

and paragraphs (d), (e), and (f) are

redesignated as paragraphs (c), (d), and

(e).

PART 104—PERMITS FOR

BIOLOGICAL PRODUCTS

4. The authority citation for part 104

continues to read as follows:

Authority: 21 U.S.C. 151–159; 7 CFR 2.22,

2.80, and 371.2(d).

5. In § 104.7, paragraph (a) is revised

to read as follows:

§ 104.7 Product permit.

(a) A permit shall be numbered and

dated.

* * * * *

Done in Washington, DC, this 14th day of

March 1997.

Terry L. Medley,

Administrator, Animal and Plant Health

Inspection Service.

[FR Doc. 97–7013 Filed 3–19–97; 8:45 am]

BILLING CODE 3410–34–P

FEDERAL RESERVE SYSTEM

12 CFR Part 215

[Regulation O; Docket No. R–0940]

Loans to Executive Officers, Directors,

and Principal Shareholders of Member

Banks; Loans to Holding Companies

and Affiliates

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Final rule.

SUMMARY: The Board is amending its

Regulation O, which implements

section 22(h) of the Federal Reserve Act

and limits how much and on what terms

a bank may lend to its own insiders and

insiders of its affiliates. Under the final

rule, Regulation O will not apply to

extensions of credit by a bank to an

executive officer or director of an

affiliate, provided that the executive

officer or director is not engaged in

major policymaking functions of the

bank and the affiliate does not account

for more than 10 percent of the

consolidated assets of the bank’s parent

holding company. Extensions of credit

to executive officers of an affiliate that

accounts for more than 10 percent of the

consolidated assets of the bank’s parent

holding company are covered by

Regulation O as a result of the Economic

Growth and Regulatory Paperwork

Reduction Act of 1996.

EFFECTIVE DATE: April 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Gregory Baer, Managing Senior Counsel

(202/452–3236), or Gordon Miller,

Attorney (202/452–2534), Legal

Division, Board of Governors of the

Federal Reserve System. For the hearing

impaired only, Telecommunications

Device for the Deaf (TDD), Dorothea

Thompson (202/452–3544).

SUPPLEMENTARY INFORMATION:

Introduction

Section 22(h) of the Federal Reserve

Act restricts insider lending by banks,

and Regulation O implements section

22(h). 12 U.S.C. 375b; 12 CFR Part 215.

Regulation O limits total loans to any

one insider and aggregate loans to all

insiders to a percentage of the bank’s

capital and requires that such loans be

on non-preferential terms—that is, on

the same terms a person not affiliated

with the bank would receive.1 12 CFR

215.4(a), (c), and (d). For this purpose,

an ‘‘insider’’ means an executive officer,