Federal Register / Vol. 63, No. 108 / Friday, June 5, 1998 /Rules and Regulations 30587

or an institution eligible to make

application to become a member would

be created as a result of concurrent

employment by a Bank and such

institution. Furthermore, the Finance

Board previously has permitted such

dual employment through the granting

of waivers for three Banks.

Consequently, the Finance Board has

determined that notice-and-comment

procedures are unnecessary in

connection with amendment to the

Conflicts regulation set forth above. The

30-day delay of effective date is not

mandated under the APA for this

change, because it relieves a restriction

on the Banks’ authority to select and

employ personnel.

IV. Regulatory Flexibility Act

The Finance Board is adopting these

regulatory amendments in the form of

an final rule. Therefore, the provisions

of the Regulatory Flexibility Act do not

apply. See 5 U.S.C. 601(2), 603(a).

List of Subjects in 12 CFR Part 932

Conflict of interests, Federal home

loan banks.

Accordingly, the Federal Housing

Finance Board hereby amends title 12,

chapter IX, subchapter B, part 932 of the

Code of Federal Regulations as follows:

SUBCHAPTER B—FEDERAL HOME LOAN

BANK SYSTEM

PART 932—ORGANIZATION OF THE

BANKS

1. The authority citation for part 932

continues to read as follows:

Authority: 12 U.S.C. 1422a, 1422b, 1426,

1427, 1432; 42 U.S.C. 8101 et seq.

2. Amend § 932.40 by revising

paragraph (d) to read as follows:

§ 932.40 Selection.

* * * * *

(d) Conflicts of interest. A Bank

employee shall not also be employed by,

or otherwise act in any capacity for, a

member or an institution eligible to

make application to become a member.

The restriction on employment set forth

in the preceding sentence shall not

apply to non-exempt hourly employees

of a Bank.

3. Amend § 932.41 by removing the

definition of ‘‘Bonus’’ from paragraph

(a), removing paragraph (f) and

redesignating paragraph (g) as paragraph

(f), revising paragraphs (b)(2) and

(c)(3)(ii), and adding a new paragraph

(c)(3)(iv) to read as follows:

§ 932.41 Compensation.

* * * * *

(b) * * *

(2) Other Bank employees. Each Bank

shall establish base salaries for

employees other than the President that

are reasonable and comparable with the

base salaries of employees of the other

Banks and other similar businesses

(including financial institutions) with

similar duties and responsibilities.

* * * * *

(c) * * *

(3) * * *

(ii) The sum of annual base salary and

all incentive payments received in a

single calendar year by an employee

other than the Bank President shall not

exceed 125 percent of the annual base

salary cap for the Bank President, as

published by the Finance Board.

* * * * *

(iv) All Bank incentive compensation

plans in effect on May 1, 1998, shall be

submitted to the Finance Board no later

than June 1, 1998. Any subsequent

amendments to such plans shall not

become effective until submitted to the

Finance Board.

* * * * *

By the Board of Directors of the Federal

Housing Finance Board.

Dated: May 13, 1998.

Bruce A. Morrison,

Chairman.

[FR Doc. 98–14970 Filed 6–4–98; 8:45 am]

BILLING CODE 6725–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 98–CE–15–AD; Amendment 39–

10567; AD 98–12–11]

RIN 2120–AA64

Airworthiness Directives; British

Aerospace Jetstream Model 3101

Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule.

SUMMARY: This amendment adopts a

new airworthiness directive (AD) that

applies to certain British Aerospace

Jetstream Model 3101 airplanes. This

AD requires modifying the emergency

hydraulic hand-pump by increasing the

length of the access aperture. This AD

is the result of mandatory continuing

airworthiness information (MCAI)

issued by the airworthiness authority for

the United Kingdom. The actions

specified by this AD are intended to

prevent difficulty accessing the

emergency hydraulic hand-pump

because of the current design, which, in

the event of a hydraulic system failure,

could result in the inability to operate

the flaps and landing gear.

DATES: Effective July 24, 1998.

The incorporation by reference of

certain publications listed in the

regulations is approved by the Director

of the Federal Register as of July 24,

1998.

ADDRESSES: Service information that

applies to this AD may be obtained from

British Aerospace Regional Aircraft,

Prestwick International Airport,

Ayrshire, KA9 2RW, Scotland;

telephone: (01292) 479888; facsimile:

(01292) 479703. This information may

also be examined at the Federal

Aviation Administration (FAA), Central

Region, Office of the Regional Counsel,

Attention: Rules Docket No. 98–CE–15–

AD, Room 1558, 601 E. 12th Street,

Kansas City, Missouri 64106; or at the

Office of the Federal Register, 800 North

Capitol Street, NW, suite 700,

Washington, DC.

FOR FURTHER INFORMATION CONTACT: Mr.

S.M. Nagarajan, Aerospace Engineer,

Small Airplane Directorate, Aircraft

Certification Service, 1201 Walnut, suite

900, Kansas City, Missouri 64106;

telephone: (816) 426-6934; facsimile:

(816) 426–2169.

SUPPLEMENTARY INFORMATION:

Events Leading to the Issuance of This

AD

A proposal to amend part 39 of the

Federal Aviation Regulations (14 CFR

part 39) to include an AD that would

apply to certain British Aerospace

Jetstream Model 3101 airplanes was

published in the Federal Register as a

notice of proposed rulemaking (NPRM)

on March 19, 1998 (63 FR 13378). The

NPRM proposed to require modifying

the emergency hydraulic hand-pump by

increasing the length of the access

aperture. Accomplishment of the

proposed action as specified in the

NPRM would be in accordance with

British Aerospace Jetstream Service

Bulletin 29–JM 7360, Revision No. 1,

dated January 3, 1991.

The NPRM was the result of

mandatory continuing airworthiness

information (MCAI) issued by the

airworthiness authority for the United

Kingdom.

Interested persons have been afforded

an opportunity to participate in the

making of this amendment. No

comments were received on the

proposed rule or the FAA’s

determination of the cost to the public.

The FAA’s Determination

After careful review of all available

information related to the subject
30588 Federal Register / Vol. 63, No. 108 / Friday, June 5, 1998 /Rules and Regulations

presented above, the FAA has

determined that air safety and the

public interest require the adoption of

the rule as proposed except for minor

editorial corrections. The FAA has

determined that these minor corrections

will not change the meaning of the AD

and will not add any additional burden

upon the public than was already

proposed.

Cost Impact

The FAA estimates that 58 airplanes

in the U.S. registry will be affected by

this AD, that it will take approximately

7 workhours per airplane to accomplish

this modification, and that the average

labor rate is approximately $60 an hour.

British Aerospace will provide parts to

the owners/operators of the affected

airplanes at no cost. Based on these

figures, the total cost impact of this AD

on U.S. operators is estimated to be

$24,360, or $420 per airplane.

Regulatory Impact

The regulations adopted herein will

not have substantial direct effects 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, in

accordance with Executive Order 12612,

it is determined that this final rule does

not have sufficient federalism

implications to warrant the preparation

of a Federalism Assessment.

For the reasons discussed above, I

certify that this action (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)

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 copy of the final

evaluation prepared for this action is

contained in the Rules Docket. A copy

of it may be obtained by contacting the

Rules Docket at the location provided

under the caption ADDRESSES.

List of Subjects in 14 CFR Part 39

Air transportation, Aircraft, Aviation

safety, Incorporation by reference,

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 a new airworthiness directive

(AD) to read as follows:

98–12–11 British Aerospace: Amendment

39–10567; Docket No. 98–CE–15–AD.

Applicability: Jetstream Model 3101

airplanes, serial numbers 601 through 646,

648 through 655, 657, 658, and 660,

certificated in any category.

Note 1: This AD applies to each airplane

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

airplanes 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 within the next 300

hours time-in-service (TIS) after the effective

date of this AD, unless already accomplished.

To prevent difficulty accessing the

emergency hydraulic hand-pump because of

the current design, which, in the event of a

hydraulic system failure, could result in the

inability to operate the flaps and landing

gear, accomplish the following:

(a) Modify the emergency hydraulic handpump by increasing the length of the access

aperture in accordance with the

ACCOMPLISHMENT INSTRUCTIONS

section of British Aerospace Jetstream

Service Bulletin 29–JM 7360, Revision 1,

dated January 3, 1991.

(b) Special flight permits may be issued in

accordance with sections 21.197 and 21.199

of the Federal Aviation Regulations (14 CFR

21.197 and 21.199) to operate the airplane to

a location where the requirements of this AD

can be accomplished.

(c) An alternative method of compliance or

adjustment of the compliance time that

provides an equivalent level of safety may be

approved by the Manager, Small Airplane

Directorate, Aircraft Certification Service,

1201 Walnut, suite 900, Kansas City,

Missouri 64106. The request shall be

forwarded through an appropriate FAA

Maintenance Inspector, who may add

comments and then send it to the Manager,

Small Airplane Directorate.

Note 2: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Small Airplane

Directorate.

(d) Questions or technical information

related to British Aerospace Jetstream Service

Bulletin 29–JM 7360 Revision No. 1, dated

January 3, 1991, should be directed to British

Aerospace Regional Aircraft Limited,

Prestwick International Airport, Ayrshire,

KA9 2RW, Scotland; telephone: (01292)

479888; facsimile: (01292) 479703. This

service information may be examined at the

FAA, Central Region, Office of the Regional

Counsel, Room 1558, 601 E. 12th Street,

Kansas City, Missouri 64106.

(e) The modification required by this AD

shall be done in accordance with British

Aerospace Jetstream Service Bulletin 29–JM

7360 Revision No. 1, dated January 3, 1991.

This incorporation by reference was

approved by the Director of the Federal

Register in accordance with 5 U.S.C. 552(a)

and 1 CFR part 51. Copies may be obtained

from British Aerospace Regional Aircraft

Limited, Prestwick International Airport,

Ayrshire, KA9 2RW, Scotland. Copies may be

inspected at the FAA, Central Region, Office

of the Regional Counsel, room 1558, 601 E.

12th Street, Kansas City, Missouri, or at the

Office of the Federal Register, 800 North

Capitol Street, NW., suite 700, Washington,

DC.

Note 3: The subject of this AD is addressed

in British Aerospace Jetstream Service

Bulletin 29–JM 7360, Revision 1, dated

January 3, 1991. This service bulletin is

classified as mandatory by the United

Kingdom Civil Aviation Authority (CAA).

(f) This amendment becomes effective on

July 24, 1998. Issued in Kansas City,

Missouri, on May 29, 1998.

Michael Gallagher,

Manager, Small Airplane Directorate, Aircraft

Certification Service.

[FR Doc. 98–14803 Filed 6–4–98; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 98–ANM–06]

Amendment of Class E Airspace;

Colorado Springs, CO

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Direct final rule; confirmation of

effective date.

SUMMARY: The direct final rule

published on March 23, 1998 (63 FR

13779) changed the name of the

VORTAC navigational aid in the

Colorado Springs, CO, Class E3 airspace

legal description from Colorado Springs

VORTAC to Black Forest VORTAC. The

name change of the VORTAC is for

safety reasons and does not affect the

existing boundaries of the airspace.

EFFECTIVE DATE: The direct final rule

published at 63 FR 13779 is effective

0901 UTC, June 18, 1998.