43838 Federal Register / Vol. 78, No. 140 / Monday, July 22, 2013 / Proposed Rules 

(2) Parameter W is expressed as a 

decimal value between zero and one. 

Parameter W is the ratio of the sum of 

the dollar amounts of any underlying 

exposures of the securitization that meet 

any of the criteria as set forth in 

paragraphs (i) through (vi) of this 

paragraph (b)(2) to the balance, 

measured in dollars, of underlying 

exposures: 

(i) Ninety days or more past due; 

(ii) Subject to a bankruptcy or 

insolvency proceeding; 

(iii) In the process of foreclosure; 

(iv) Held as real estate owned; 

(v) Has contractually deferred 

payments for 90 days or more, other 

than principal or interest payments 

deferred on: 

(A) Federally-guaranteed student 

loans, in accordance with the terms of 

those guarantee programs; or 

(B) Consumer loans, including nonfederally-guaranteed student loans, 

provided that such payments are 

deferred pursuant to provisions 

included in the contract at the time 

funds are disbursed that provide for 

period(s) of deferral that are not 

initiated based on changes in the 

creditworthiness of the borrower; or 

(vi) Is in default. 

* * * * * 

■ 10. Amend appendix E, section 12, by: 

■ (a) Revising paragraph (a); 

■ (b) Revising paragraph (c)(1) and; 

■ (c) Revising paragraph (d) 

introductory text to read as follows: 

Section 12 

(a) Scope. A bank must comply with 

this section unless it is a consolidated 

subsidiary of a bank holding company 

or a depository institution that is subject 

to these requirements or of a non-U.S. 

banking organization that is subject to 

comparable public disclosure 

requirements in its home jurisdiction. A 

bank must make timely public 

disclosures each calendar quarter. If a 

significant change occurs, such that the 

most recent reporting amounts are no 

longer reflective of the bank’s capital 

adequacy and risk profile, then a brief 

discussion of this change and its likely 

impact must be provided as soon as 

practicable thereafter. Qualitative 

disclosures that typically do not change 

each quarter may be disclosed annually, 

provided any significant changes are 

disclosed in the interim. If a bank 

believes that disclosure of specific 

commercial or financial information 

would prejudice seriously its position 

by making public certain information 

that is either proprietary or confidential 

in nature, the bank is not required to 

disclose these specific items, but must 

disclose more general information about 

the subject matter of the requirement, 

together with the fact that, and the 

reason why, the specific items of 

information have not been disclosed. 

The bank’s management may provide all 

of the disclosures required by this 

section in one place on the bank’s 

public Web site or may provide the 

disclosures in more than one public 

financial report or other regulatory 

reports, provided that the bank publicly 

provides a summary table specifically 

indicating the location(s) of all such 

disclosures. 

* * * * * 

(c) Quantitative disclosures. (1) For 

each material portfolio of covered 

positions, the bank must provide timely 

public disclosures of the following 

information at least quarterly: 

* * * * * 

(d) Qualitative disclosures. For each 

material portfolio of covered positions, 

the bank must provide timely public 

disclosures of the following information 

at least annually after the end of the 

fourth calendar quarter, or more 

frequently in the event of material 

changes for each portfolio: 

* * * * * 

By order of the Board of Governors of the 

Federal Reserve System, July 3, 2013. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2013–16434 Filed 7–19–13; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2013–0056; Directorate 

Identifier 2012–NE–48–AD 

RIN 2120–AA64 

Airworthiness Directives; Hamilton 

Sundstrand Corporation Propellers 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Proposed rule; withdrawal. 

SUMMARY: The FAA is withdrawing a 

notice of proposed rulemaking (NPRM). 

The NPRM proposed a new 

airworthiness directive (AD) that had 

applied to certain Hamilton Sundstrand 

Corporation 14SF–7, 14SF–15, and 

14SF–23 series propellers. The NPRM 

had applied to those propellers using 

certain Hamilton Sundstrand 

Corporation auxiliary pumps and 

motors (auxiliary feathering pumps). 

The proposed action would have 

required removal of certain serial 

numbers (S/Ns) of auxiliary feathering 

pumps from service. Since we issued 

the NPRM, we attended a meeting 

sponsored by Hamilton Sundstrand 

Corporation, which provided additional 

information regarding the unsafe 

condition. The information included 

results from bond strength tests that 

predicts a significantly lower fleet risk 

than the prior qualitative analysis. 

Accordingly, we withdraw the proposed 

rule. 

FOR FURTHER INFORMATION CONTACT: 

Michael Schwetz, Aerospace Engineer, 

Boston Aircraft Certification Office, 

FAA, Engine & Propeller Directorate, 12 

New England Executive Park, 

Burlington, MA 01803; phone: 781– 

238–7761; fax: 781–238–7170; email: 

michael.schwetz@faa.gov. 

SUPPLEMENTARY INFORMATION: The FAA 

proposed to amend 14 CFR part 39 with 

a proposed AD (78 FR 9001, February 7, 

2013). The proposed AD had applied to 

Hamilton Sundstrand Corporation 

14SF–7, 14SF–15, and 14SF–23 series 

propellers using certain Hamilton 

Sundstrand Corporation auxiliary 

feathering pumps. The NPRM proposed 

to require removing certain 

S/Ns of auxiliary feathering pumps from 

service. The proposed action was 

prompted by a report of a propeller not 

moving into the feathering position after 

an engine in-flight shutdown. The 

unsafe condition had applied to certain 

Hamilton Sundstrand Corporation 

14SF–7, 14SF–15, and 14SF–23 series 

propellers using certain Hamilton 

Sundstrand Corporation auxiliary 

pumps and motors (auxiliary feathering 

pumps). The proposed actions intended 

to prevent propellers from failing to 

move into the feathering position after 

an engine in-flight shutdown. 

Since we issued the NPRM (78 FR 

9001, February 7, 2013), additional 

information became available after the 

public comment period closed on March 

25, 2013. 

Upon further consideration, we 

hereby withdraw the proposed rule for 

the following reasons: 

• Auxiliary feathering pump motors 

returned to Hamilton Sundstrand 

Corporation were tested to measure the 

bonding strength holding the magnets to 

the motor housing. 

• The test results did not substantiate 

the initial qualitative risk assessment. 

• The data gathered was then used for 

a more representative quantitative risk 

analysis. 

• The results from the bond strength 

tests predicts a significantly lower fleet 

risk than the prior qualitative analysis. 

Withdrawal of the NPRM (78 FR 9001, 

February 7, 2013) constitutes only such 


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Federal Register / Vol. 78, No. 140 / Monday, July 22, 2013 / Proposed Rules 43839 

action, and does not preclude the 

agency from issuing another notice in 

the future, nor does it commit the 

agency to any course of action in the 

future. 

Since this action only withdraws a 

notice of proposed rulemaking, it is 

neither a proposed nor a final rule. 

Therefore, Executive Order 12866, the 

Regulatory Flexibility Act, or DOT 

Regulatory Policies and Procedures (44 

FR 11034, February 26, 1979) do not 

cover this withdrawal. 

List of Subjects in 14 CFR Part 39 

Air transportation, Aircraft, Aviation 

safety, Incorporation by reference, 

Safety. 

The Withdrawal 

Accordingly, the notice of proposed 

rulemaking, Docket No. FAA–2013– 

0056; Directorate Identifier 2012–NE– 

48–AD, published in the Federal 

Register on February 7, 2013 (78 FR 

9001), is withdrawn. 

Issued in Burlington, Massachusetts, on 

July 15, 2013. 

Colleen M. D’Alessandro, 

Assistant Manager, Engine & Propeller 

Directorate, Aircraft Certification Service. 

[FR Doc. 2013–17479 Filed 7–19–13; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2013–0625; Directorate 

Identifier 2013–NM–013–AD] 

RIN 2120–AA64 

Airworthiness Directives; the Boeing 

Company 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Notice of proposed rulemaking 

(NPRM). 

SUMMARY: We propose to supersede an 

existing airworthiness directive (AD) 

that applies to certain The Boeing 

Company Model 747 series airplanes. 

The existing AD currently requires 

repetitive detailed inspections to detect 

cracking in certain fuselage upper deck 

tension ties, repair or modification of 

any cracked tension ties, and repetitive 

inspections of repaired and modified 

tension ties and repair or modification 

if necessary. The existing AD also 

provides for optional terminating action 

for the repetitive detailed inspections of 

tension ties that have not been repaired 

or modified. This proposed AD was 

prompted by an evaluation by the 

design approval holder indicating that 

the upper deck tension ties of the 

fuselage are subject to widespread 

fatigue damage. This proposed AD 

would retain the repetitive inspections, 

mandate the previously optional 

terminating modification, and add, for 

tension ties that have not been repaired 

or modified, repetitive inspections that 

must be done concurrently with the 

existing repetitive inspections. We are 

proposing this AD to prevent 

widespread fatigue damage of certain 

fuselage upper deck tension ties, which 

could result in reduced structural 

integrity of the airplane. 

DATES: We must receive comments on 

this proposed AD by September 5, 2013. 

ADDRESSES: You may send comments, 

using the procedures found in 14 CFR 

11.43 and 11.45, by any of the following 

methods: 

• Federal eRulemaking Portal: Go to 

http://www.regulations.gov. Follow the 

instructions for submitting comments. 

• Fax: 202–493–2251. 

• Mail: U.S. Department of 

Transportation, Docket Operations, 

M–30, West Building Ground Floor, 

Room W12–140, 1200 New Jersey 

Avenue SE., Washington, DC 20590. 

• Hand Delivery: Deliver to Mail 

address above between 9 a.m. and 5 

p.m., Monday through Friday, except 

Federal holidays. 

For service information identified in 

this AD, contact Boeing Commercial 

Airplanes, Attention: Data & Services 

Management, P. O. Box 3707, MC 2H– 

65, Seattle, WA 98124–2207; telephone 

206–544–5000, extension 1; fax 206– 

766–5680; Internet https:// 

www.myboeingfleet.com. You may 

review copies of the referenced service 

information at the FAA, Transport 

Airplane Directorate, 1601 Lind Ave. 

SW., Renton, Washington. For 

information on the availability of this 

material at the FAA, call 425–227–1221. 

Examining the AD Docket 

You may examine the AD docket on 

the Internet at http:// 

www.regulations.gov; or in person at the 

Docket Management Facility between 9 

a.m. and 5 p.m., Monday through 

Friday, except Federal holidays. The AD 

docket contains this proposed AD, the 

regulatory evaluation, any comments 

received, and other information. The 

street address for the Docket Office 

(phone: 800–647–5527) is in the 

ADDRESSES section. Comments will be 

available in the AD docket shortly after 

receipt. 

FOR FURTHER INFORMATION CONTACT: 

Nathan Weigand, Aerospace Engineer, 

Airframe Branch, ANM–120S, FAA, 

Seattle Aircraft Certification Office, 

1601 Lind Avenue SW., Renton, 

Washington 98057–3356; phone: (425) 

917–6428; fax: (425) 917–6590; email: 

nathan.p.weigand@faa.gov. 

SUPPLEMENTARY INFORMATION: 

Comments Invited 

We invite you to send any written 

relevant data, views, or arguments about 

this proposed AD. Send your comments 

to an address listed under the 

ADDRESSES section. Include ‘‘Docket No. 

FAA–2013–0625; Directorate Identifier 

2013–NM–013–AD’’ at the beginning of 

your comments. We specifically invite 

comments on the overall regulatory, 

economic, environmental, and energy 

aspects of this proposed AD. We will 

consider all comments received by the 

closing date and may amend this 

proposed AD because of those 

comments. 

We will post all comments we 

receive, without change, to http:// 

www.regulations.gov, including any 

personal information you provide. We 

will also post a report summarizing each 

substantive verbal contact we receive 

about this proposed AD. 

Discussion 

On June 14, 1994, we issued AD 94– 

13–06, Amendment 39–8946 (59 FR 

32879, June 27, 1994), for certain Boeing 

Model 747 series airplanes. That AD 

requires inspections to detect cracking 

in certain fuselage upper deck tension 

ties, and repair or modification of any 

cracked tension ties. That AD resulted 

from reports of fatigue cracking in 

tension ties. We issued that AD to 

prevent failure of two or more tension 

ties and the resultant rapid 

decompression of the airplane. 

Actions Since Existing AD (59 FR 

32879, June 27, 1994) Was Issued 

AD 94–13–06, Amendment 39–8946 

(59 FR 32879, June 27, 1994), provides 

a terminating modification as an option. 

We have determined that it is necessary 

to mandate this modification to 

adequately address the identified unsafe 

condition. 

We can better ensure long-term 

continued operational safety by design 

changes to remove the source of the 

problem, rather than by repetitive 

inspections. Long-term inspections may 

not provide the degree of safety 

necessary for the transport airplane 

fleet. This determination, along with a 

better understanding of the human 

factors associated with numerous 

continual inspections, has led us to 

consider placing less emphasis on 

inspections and more emphasis on 


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