10306 Federal Register / Vol. 60, No. 37 / Friday, February 24, 1995 / Rules and Regulations

withdrawing this rule before the

effective date and publish a proposed

rule for public comment.

As discussed above, if we receive no

written adverse comments or written

notice of intent to submit adverse

comments within 30 days of publication

of this direct final rule, this direct final

rule will become effective 60 days

following its publication.

Executive Order 12866

This rule has been determined not to

be significant for purposes of Executive

Order 12866 and therefore has not been

reviewed by the Office of Management

and Budget.

Executive Order 12778

This direct final rule has been

reviewed under Executive Order 12778,

Civil Justice Reform. This rule: (1)

Preempts all State and local laws and

regulations that are inconsistent with

this rule; (2) has no retroactive effect;

and (3) does not require administrative

proceedings before parties may file suit

in court challenging this rule.

Effects on Small Entities

The Administrator has made a

determination that this direct final rule

would not have a significant economic

impact on a substantial number of small

entities, in accordance with the

requirements of the Regulatory

Flexibility Act (5 U.S.C. 601). This

action adds the Czech Republic to the

list of countries eligible to have their

meat products imported into the United

States and removes Czechoslovakia. The

current amount of product exported to

the United States from the Czech

Republic is expected to remain the same

as was exported to the United States

from the former Czechoslovakia.

List of Subjects in 9 CFR Part 327

Imported products; Meat inspection.

PART 327—IMPORTED PRODUCTS

1. The authority citation for part 327

continues to read as follows:

Authority: 21 U.S.C. 601-695; 7 CFR 2.17,

2.55.

§ 327.2 [Amended]

2. Paragraph (b) of § 327.2 is amended

by removing ‘‘Czechoslovakia’’ and

adding the ‘‘Czech Republic’’ to the

alphabetical list of countries eligible to

have their products from cattle, sheep,

swine, and goat imported into the

United States.

Done at Washington, DC, on February 14,

1995.

Michael R. Taylor,

Acting Under Secretary for Food Safety.

[FR Doc. 95–4520 Filed 2–23–95; 8:45 am]

BILLING CODE 3410–DM–P

FEDERAL RESERVE SYSTEM

12 CFR Part 265

[Docket No. R–0871]

Rules Regarding Delegation of

Authority

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Final rule.

SUMMARY: This rule delegates to the

General Counsel of the Board of

Governors of the Federal Reserve

System (Board) the authority to approve

requests for assistance from, and to

share information with, foreign banking

authorities pursuant to the Federal

Deposit Insurance Act (FDI Act). This

delegation of authority is intended to

aid in the expeditious processing of

requests for assistance from foreign

banking authorities.

EFFECTIVE DATE: February 17, 1995.

FOR FURTHER INFORMATION CONTACT: Paul

A. Vogel, Attorney (202/452–3428),

Legal Division, Board of Governors of

the Federal Reserve System. For the

hearing impaired only,

Telecommunications Device for the Deaf

(TDD), contact Dorthea Thompson (202/

452–3544), Board of Governors of the

Federal Reserve System, 20th & C Street,

NW., Washington, DC 20551.

SUPPLEMENTARY INFORMATION: Section

8(v) of the FDI Act (12 U.S.C. 1818(v))

permits the Board to provide assistance

to a foreign banking authority if such

authority states that it is conducting an

investigation to determine whether any

person has violated, is violating, or is

about to violate any banking or currency

transaction law or regulation

administered or enforced by the

requesting authority. Section 8(v) of the

FDI Act permits the Board, in its

discretion, to investigate and to collect

and disclose information to a foreign

banking authority upon the request of

such authority. Any such investigation

shall comply with the laws of the

United States and the policies and

procedures adopted by the Board. In

deciding whether to provide assistance

to the foreign banking authority, the FDI

Act requires the Board to consider (1)

whether the requesting authority has

agreed to provide reciprocal assistance

to the Board and to the other Federal

banking agencies and (2) whether

compliance with the request would

prejudice the public interest of the

United States.

The Board has delegated to its General

Counsel the authority to approve

requests for assistance from foreign

banking authorities pursuant to section

8(v) of the FDI Act. This delegation of

authority is consistent with previous

Board action with respect to cooperation

with foreign supervisors. On January 28,

1993, (58 FR 6348) the Board issued a

final rule implementing portions of the

Foreign Bank Supervision Enhancement

Act of 1991 (FBSEA). The final rule

included a provision delegating to the

General Counsel the authority to make

the determinations necessary to disclose

information to foreign bank supervisory

authorities pursuant to the FBSEA.

Section 206 of the FBSEA (12 U.S.C.

3109) permits the Board to share

supervisory information with its foreign

counterparts after, among other things,

obtaining an agreement to maintain the

confidentiality of the information when

necessary under applicable law.

Because the cooperation authorities

under the FDI Act and the FBSEA are

overlapping, the Board has delegated to

the General Counsel the authority to

approve requests for assistance from

foreign banking authorities pursuant to

section 8(v) of the FDI Act.

The provisions of the Administrative

Procedures Act (APA) (5 U.S.C. 553)

relating to notice, public participation,

and deferred effective date have not

been followed in connection with the

adoption of this amendment because the

change to be effected is procedural in

nature and does not constitute a

substantive rule subject to the

requirements of that section. The APA

grants a specific exemption from its

requirements relating to notice and

public participation in this instance (12

U.S.C. 553(b)(3)(A)), and good cause

exists to find that the nature of this

amendment makes a notice and public

comment procedure unnecessary.

Regulatory Flexibility Act Analysis

Pursuant to the Regulatory Flexibility

Act (5 U.S.C. 601–612), the Board

hereby certifies that this rule will not

have a significant economic impact on

a substantial number of small entities.

List of Subjects in 12 CFR Part 265

Authority delegations (Government

agencies), Banks banking, Federal

Reserve System.

For the reasons set out in the

preamble, the Board is amending 12

CFR Part 265 as set forth below:
Federal Register / Vol. 60, No. 37 / Friday, February 24, 1995 / Rules and Regulations 10307

PART 265—RULES REGARDING

DELEGATION OF AUTHORITY

1. The authority citation for Part 265

continues to read as follows:

Authority: 12 U.S.C. 248 (i) and (k).

2. Section 265.6 is amended by

revising paragraph (b)(2) and by adding

paragraph (b)(3) to read as follows:

§ 265.6 Functions delegated to General

Counsel.

* * * * *

(b) * * *

(2) Disclosure to foreign authorities.

To make the determinations required for

disclosure of information to a foreign

bank regulatory or supervisory

authority, and to obtain, to the extent

necessary, the agreement of such

authority to maintain the confidentiality

of such information to the extent

possible under applicable law.

(3) Assistance to foreign authorities.

To approve requests for assistance from

any foreign bank regulatory or

supervisory authority that is conducting

an investigation regarding violations of

any law or regulation relating to banking

matters or currency transactions

administered or enforced by such

authority, and to make the

determinations required for any

investigation or collection of

information and evidence pertinent to

such request. In deciding whether to

approve requests for assistance under

this paragraph, the General Counsel

shall consider:

(i) Whether the requesting authority

has agreed to provide reciprocal

assistance with respect to banking

matters within the jurisdiction of any

appropriate Federal banking agency;

(ii) Whether compliance with the

request would prejudice the public

interest of the United States; and

(iii) Whether the request is consistent

with the requirement that the Board

conduct any such investigation in

compliance with the laws of the United

States and the policies and procedures

of the Board.

* * * * *

By order of the Board of Governors of the

Federal Reserve System, February 17, 1995.

William W. Wiles,

Secretary of the Board.

[FR Doc. 95–4547 Filed 2–23–95; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 93–CE–41–AD; Amendment 39–

9136; AD 95–02–18]

Airworthiness Directives; Beech

Aircraft Corporation Models 1900,

1900C, and 1900D Airplanes;

Correction

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule; correction.

SUMMARY: This action makes a

correction to Airworthiness Directive

(AD) 95–02–18 concerning Beech

Aircraft Corporation Models 1900,

1900C, and 1900D airplanes, which was

published in the Federal Register on

February 3, 1995 (60 FR 6652). That

publication inadvertently referenced an

incorrect repetitive inspection interval

for Models 1900 and 1900C airplanes

with a part number 129–910032–79

engine truss installed. The inspection

interval in sections B and C of the

engine truss should be 3,000 hours timein-service (TIS) instead of 100 hours

TIS. This action corrects the AD to

reflect this repetitive inspection

interval.

EFFECTIVE DATE: March 25, 1995.

FOR FURTHER INFORMATION CONTACT: Mr.

Steven E. Potter, Wichita Aircraft

Certification Office, FAA, 1801 Airport

Road, Mid-Continent Airport, Wichita,

Kansas 67209; telephone (316) 946–

4124; facsimile (316) 946–4407.

SUPPLEMENTARY INFORMATION: On

January 26, 1995, the Federal Aviation

Administration (FAA) issued AD 95–

02–18, Amendment 39–9136 (60 FR

6652, February 3, 1995), which applies

to Beech Models 1900, 1900C, and

1900D airplanes. This AD supersedes

AD 92–06–09, Amendment 39–8189,

with a new AD that requires repetitively

inspecting the engine trusses for cracks,

repairing or replacing any cracked

engine truss, and installing

reinforcement doublers on certain

airplanes.

The AD inadvertently references an

incorrect repetitive inspection interval

for Beech Models 1900 and 1900C

airplanes with a part number 129–

910032–79 engine truss installed. The

inspection interval in sections B and C

of the engine truss should be 3,000

hours TIS instead of 100 hours TIS. This

action corrects the AD to reflect this

repetitive inspection interval.

Need for Correction

As published, the final regulations

have incorrectly referenced the

repetitive inspection interval for Beech

Models 1900 and 1900C airplanes with

a part number 129–910032–79 engine

truss installed. The way the final

regulations are currently written will

make operators repetitively inspect

Sections B and C of the engine truss

more often than was intended or

proposed in the notice of proposed

rulemaking.

Correction of Publication

Accordingly, the publication of

February 3, 1995 (60 FR 6652) of

Amendment 39–9136; AD 95–02–18,

which was the subject of FR Doc. 94–

2403, is corrected as follows:

§ 39.13 [Corrected]

On page 6653, in paragraph (b), in the

Chart that spreads across all three

columns, change the second entry in the

Repetitive Inspection column from

‘‘Every 100 hours TIS.’’ to ‘‘Every 3,000

hours TIS.’’ The chart will now read as

follows:

Models

Area specified in figure 1 of Beech SB

No. 2255, rev. VI

Initial inspection Repetitive inspection

1900 and 1900C ................................................... A ................................ Upon accumulating 1,400 hours TIS* ....... Every 100 hours TIS.

1900 and 1900C ................................................... B and C ..................... Upon accumulating 3,200 hours TIS* ....... Every 3,000 hours TIS.

1900D ................................................................... A ................................ Upon accumulating 3,200 hours TIS* ....... Every 450 hours TIS.

1900D ................................................................... B and C ..................... Upon accumulating 3,200 hours TIS* ....... Every 3,000 hours TIS

* Or within the next 100 hours TIS after the effective date of this AD, whichever occurs later.