21362 Federal Register / Vol. 61, No. 92 / Friday, May 10, 1996 / Rules and Regulations

List of Subjects

7 CFR Part 1841

Agricultural Credit, Loan Guarantees,

Loan Liquidation, Loan Servicing,

Transfers and Assumptions.

7 CFR Part 1843

Agricultural Credit, Loan Liquidation,

Loan Making, Loan Servicing.

7 CFR Part 1845

Agricultural Credit, Emergency

Assistance, Guaranteed Loans,

Livestock.

7 CFR Part 1903

Agricultural Credit, Debt Adjustment,

Loan Servicing.

7 CFR Part 1945

Agricultural Credit, Economic

Emergency, Emergency Assistance.

7 CFR Part 1980

Agricultural Credit, Agricultural

Resource Conservation Demonstration

Program.

7 CFR Part 2054

County Committee Function,

Elections, Employment.

For the reasons set out in the

preamble, CFR Chapter XVIII is

amended as follows:

PARTS 1841, 1843, 1845, 1903, AND

2054—[REMOVED]

1. Parts 1841, 1843, 1845, 1903, and

2054 are removed.

PART 1945—[AMENDED]

2. Part 1945 is amended by removing

subpart C (§§ 1945.101–1945.150).

PART 1980—[AMENDED]

3. Part 1980 is amended by removing

subpart C (§§ 1980.201–1980.294 and

Appendix A), subpart F (§§ 1980.501–

1980.600 and Appendices A and B), and

subpart J (§§ 1980.901 through

1980.1000 and Appendices A through

D).

Signed at Washington, D.C. on April 24,

1996.

Eugene Moos,

Under Secretary for Farm and Foreign

Agricultural Services.

[FR Doc. 96–11467 Filed 5–9–96; 8:45 am]

BILLING CODE 3410–05–P

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the

Currency

12 CFR Part 25

[Docket No. 96–08]

RIN 1557–AB51

FEDERAL RESERVE SYSTEM

12 CFR Part 228

[Regulation BB; Docket No. R–0822]

FEDERAL DEPOSIT INSURANCE

CORPORATION

12 CFR Part 345

RIN 3064–AB27

DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

12 CFR Part 563e

[Docket No. 96–32]

RIN 1550–AA96

Community Reinvestment Act

Regulations

AGENCIES: Office of the Comptroller of

the Currency, Treasury (OCC); Board of

Governors of the Federal Reserve

System (Board); Federal Deposit

Insurance Corporation (FDIC); Office of

Thrift Supervision, Treasury (OTS).

ACTION: Joint final rule; correcting

amendment.

SUMMARY: The OCC, Board, FDIC, and

OTS (collectively, the agencies) are

correcting their joint final rule

concerning the Community

Reinvestment Act (CRA), which was

published on May 4, 1995, and

amended by a subsequent joint final

rule published on December 20, 1995.

This document corrects a crossreference to Small Business

Administration regulations, which were

recently amended. This correcting

amendment makes no substantive

change in the requirements of the

current regulations.

EFFECTIVE DATE: May 10, 1996.

FOR FURTHER INFORMATION CONTACT:

OCC: Bert A. Otto, Acting Deputy

Comptroller for Compliance, (202) 874–

5216; or Matthew Roberts, Director,

Community and Consumer Law

Division, (202) 874–5750, Office of the

Comptroller of the Currency, 250 E

Street, SW., Washington, DC 20219.

BOARD: Glenn E. Loney, Associate

Director, Division of Consumer and

Community Affairs, (202) 452–3585;

Robert deV. Frierson, Assistant General

Counsel, Legal Division, (202) 452–

3711; or Leonard N. Chanin, Managing

Counsel, Division of Consumer and

Community Affairs, (202) 452–3667,

Board of Governors of the Federal

Reserve System, 20th Street and

Constitution Avenue, NW., Washington,

DC 20551.

FDIC: Bobbie Jean Norris, Chief, Fair

Lending Section, Division of

Compliance and Consumer Affairs,

(202) 942–3090; Robert W. Mooney, Fair

Lending Specialist, Division of

Compliance and Consumer Affairs,

(202) 942–3092; or Ann Hume Loikow,

Counsel, Regulation and Legislation

Section, Legal Division, (202) 898–3796,

Federal Deposit Insurance Corporation,

550 17th Street, NW., Washington, DC

20429.

OTS: Timothy R. Burniston, Director,

Compliance Policy, (202) 906–5629;

Theresa A. Stark, Project Manager,

Compliance Policy, (202) 906–7054; or

John Flannery, Attorney, Regulations

and Legislation Division, Chief

Counsel’s Office, (202) 906–7293, Office

of Thrift Supervision, 1700 G Street,

NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION:

Introduction

The agencies jointly are amending

their regulations implementing the CRA

(12 U.S.C. 2901 et seq.). This joint final

rule makes a technical correction to the

agencies’ joint CRA regulations, 12 CFR

parts 25, 228, 345, and 563e. Those

regulations establish the framework and

criteria by which the agencies assess an

institution’s record of helping to meet

the credit needs of its community,

including low- and moderate-income

neighborhoods, consistent with safe and

sound operations, and provide that the

agencies will take those assessments

into account in reviewing certain

applications.

Background

Last year, the agencies revised their

CRA regulations. They adopted a joint

final rule, which was published on May

4, 1995 (60 FR 22156). The agencies

published a correction and clarification

to the joint final rule on December 20,

1995 (60 FR 66048).

Need for Correction to the Final Rule

The agencies’ joint final rule, as

amended, defines ‘‘community

development’’ to mean activities that

promote economic development by

financing businesses or farms that meet

the size eligibility standards of 13 CFR

121.802(a) (2) and (3). These size

eligibility standards refer to the Small

Business Administration’s size
Federal Register / Vol. 61, No. 92 / Friday, May 10, 1996 / Rules and Regulations 21363

limitations for Development Company

and Small Business Investment

Company (SBIC) programs. See 60 FR

22159 (May 4, 1995) and 60 FR 66049

(Dec. 20, 1995).

On January 31, 1996, the Small

Business Administration amended its

regulations. See 61 FR 3280. Effective

March 1, 1996, the size limitations for

Development Company and SBIC

programs are described at 13 CFR

121.301 (b) and (c). 61 FR 3294.

Therefore, it is necessary to amend the

agencies’ CRA regulations to reflect this

change.

The agencies are amending their

regulations to mention by name the

SBA’s Development Company and SBIC

programs, as well as to refer readers to

13 CFR 121.301. The agencies believe

that reference both to the programs by

name and to the SBA’s regulation by

section will more clearly describe the

size standards to which the agencies are

referring while continuing to direct

interested parties to the size standards’

general location in the SBA’s

regulations.

The agencies find that notice and

public procedure concerning this

correcting amendment are

impracticable, unnecessary, and

contrary to the public interest under 5

U.S.C. 553(b)(B). The agencies make this

finding because these correcting

amendments involve only technical

corrections to the agencies’ CRA

regulations and make no substantive

changes to the agencies’ CRA

regulations.

In addition, under 5 U.S.C. 553(d)(3),

the agencies have determined to make

this correcting amendment effective

with less than 30 days prior publication.

The agencies find that there is good

cause for shortened notice due to the

minor nature of the changes.

Furthermore, the SBA’s amended

regulation became effective March 1,

1996 (61 FR 3280), thereby making the

current cross-references in the agencies’

CRA regulations erroneous as of that

date.

Regulatory Flexibility Act

Pursuant to section 605(b) of the

Regulatory Flexibility Act, the OCC,

Board, FDIC, and OTS hereby certify

that this joint final rule will not have a

significant economic impact on a

substantial number of small entities.

The agencies expect that this joint final

rule will not have significant secondary

or incidental effects on a substantial

number of small entities, or create any

additional burden on small entities.

This joint final rule merely makes a

technical correction to a cross-reference

in the rules already adopted by the

agencies and will not increase burden

on institutions. Accordingly, a

regulatory flexibility analysis is not

required.

Paperwork Reduction Act of 1995

There are no collection of information

requirements in this joint final rule.

Executive Order 12866

OCC and OTS: The OCC and the OTS

have determined that this joint final rule

is not a significant regulatory action as

defined in Executive Order 12866.

Unfunded Mandates Reform Act of

1995

OCC and OTS: Section 202 of the

Unfunded Mandates Reform Act of

1995, Pub. L. 104–4, 109 Stat. 48 (1995)

(Unfunded Mandates Act), requires that

covered agencies prepare a budgetary

impact statement before promulgating a

rule that includes any Federal mandate

that may result in the expenditure by

State, local, and tribal governments, in

the aggregate, or by the private sector, of

$100 million or more in any one year.

If a budgetary impact statement is

required, section 205 of the Unfunded

Mandates Act also requires covered

agencies to identify and consider a

reasonable number of regulatory

alternatives before promulgating a rule.

As discussed in the preamble, this joint

final rule amends the agencies’ CRA

regulations by making one technical

correction. Therefore, the OCC and the

OTS have determined that this joint

final rule will not result in expenditures

by State, local, and tribal governments,

or by the private sector, of $100 million

or more in any one year. Accordingly,

the OCC and the OTS have not prepared

a budgetary impact statement or

specifically addressed the regulatory

alternatives considered.

List of Subjects

12 CFR Part 25

Community development, Credit,

Investments, National banks, Reporting

and recordkeeping requirements.

12 CFR Part 228

Banks, banking, Community

development, Credit, Federal Reserve

System, Investments, Reporting and

recordkeeping requirements.

12 CFR Part 345

Banks, banking, Community

development, Credit, Investments,

Reporting and recordkeeping

requirements.

12 CFR Part 563e

Community development, Credit,

Investments, Reporting and

recordkeeping requirements, Savings

associations.

Office of the Comptroller of the

Currency

12 CFR CHAPTER I

For the reasons discussed in the joint

preamble, 12 CFR part 25 is amended as

follows:

PART 25—[AMENDED]

1. The authority citation for part 25

continues to read as follows:

Authority: 12 U.S.C. 21, 22, 26, 27, 30, 36,

93a, 161, 215, 215a, 481, 1814, 1816, 1828(c),

and 2901 through 2907.

§ 25.12 [Amended]

2. In § 25.12(h)(3), the cross reference

‘‘13 CFR 121.802(a)(2) and (3)’’ is

revised to read ‘‘the Small Business

Administration’s Development

Company or Small Business Investment

Company programs (13 CFR 121.301)’’.

Dated: April 2, 1996.

Eugene A. Ludwig,

Comptroller of the Currency.

Federal Reserve System

12 CFR CHAPTER II

For the reasons discussed in the joint

preamble, 12 CFR part 228 is amended

as follows:

PART 228—[AMENDED]

1. The authority citation for part 228

continues to read as follows:

Authority: 12 U.S.C. 321, 325, 1828(c),

1842, 1843, 1844, and 2901 et seq.

§ 228.12 [Amended]

2. In § 228.12(h)(3), the cross

reference ‘‘13 CFR 121.802(a) (2) and

(3)’’ is revised to read ‘‘the Small

Business Administration’s Development

Company or Small Business Investment

Company programs (13 CFR 121.301)’’.

By order of the Board of Governors of the

Federal Reserve System, March 20, 1996.

William W. Wiles,

Secretary of the Board.

Federal Deposit Insurance Corporation

12 CFR CHAPTER III

For the reasons discussed in the joint

preamble, 12 CFR part 345 is amended

as follows:

PART 345—[AMENDED]

1. The authority citation for part 345

continues to read as follows:

Authority: 12 U.S.C. 1814–1817, 1819–

1820, 1828, 1831u and 2901–2907, 3103–

3104, and 3108(a).
21364 Federal Register / Vol. 61, No. 92 / Friday, May 10, 1996 / Rules and Regulations

§ 345.12 [Amended]

2. In § 345.12(h)(3), the cross

reference ‘‘13 CFR 121.802(a) (2) and

(3)’’ is revised to read ‘‘the Small

Business Administration’s Development

Company or Small Business Investment

Company programs (13 CFR 121.301)’’.

By order of the Board of Directors of the

Federal Deposit Insurance Corporation.

Dated: April 3, 1996.

Jerry L. Langley,

Executive Secretary.

Office of Thrift Supervision

12 CFR CHAPTER V

For the reasons discussed in the joint

preamble, 12 CFR part 563e is amended

as follows:

PART 563e—[AMENDED]

1. The authority citation for part 563e

continues to read as follows:

Authority: 12 U.S.C. 1462a, 1463, 1464,

1467a, 1814, 1816, 1828(c), and 2901 through

2907.

§ 563e.12 [Amended]

2. In § 563e.12(g)(3), the cross

reference ‘‘13 CFR 121.802(a) (2) and

(3)’’ is revised to read ‘‘the Small

Business Administration’s Development

Company or Small Business Investment

Company programs (13 CFR 121.301).’’

Dated: April 5, 1996.

By the Office of Thrift Supervision.

Jonathan L. Fiechter,

Acting Director.

[FR Doc. 96–11454 Filed 5–9–96; 8:45 am]

BILLING CODE 4810–33–P, 6210–01–P, 6714–01–P,

6720–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 96–ANM–5]

Establishment of Class E Airspace;

Camp Guernsey, Wyoming

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule.

SUMMARY: This action establishes the

Camp Guernsey, Wyoming, Class E

airspace to accommodate a new

instrument approach procedure at Camp

Guernsey Airport, Camp Guernsey,

Wyoming. The area will be depicted on

aeronautical charts for pilot reference.

EFFECTIVE DATE: 0901 UTC, June 20,

1996.

FOR FURTHER INFORMATION CONTACT:

James Riley, ANM–532.2, Federal

Aviation Administration, Docket NO.

96–ANM–5, 1601 Lind Avenue S.W.,

Rentor, Washington, 98055–4056;

telephone number: (206) 227–2537.

SUPPLEMENTARY INFORMATION:

History

On February 29, 1996, the FAA

proposed to amend part 71 of Federal

Aviation Regulations (14 CFR part 71)

by establishing the Camp Guernsey,

Wyoming, Class E airspace designation

(61 FR 7757). Interested parties were

invited to participate in the rulemaking

proceeding by submitting written

comments on the proposal. No

comments were received. The

coordinates for this airspace docket are

based on North American Datum 83.

Class E airspace is published in

Paragraph 6005 of FAA Order 7400.9C

dated August 17, 1995, and effective

September 16, 1995, which is

incorporated by reference in 14 CFR

71.1. The Class E airspace designation

listed in this document will be

published subsequently in the Order.

The Rule

This amendment to part 71 of Federal

Aviation Regulations establishes Class E

airspace at Camp Guernsey, Wyoming.

The FAA has determined that his

proposed regulation only involves an

established body of technical

regulations for which frequent and

routine amendments are necessary to

keep them operationally current. It,

therefore, (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) does not warrant

preparation of a regulatory evaluation as

the anticipated impact is so minimal.

Since this is a routine matter that will

only affect air traffic procedures and air

navigation, it is certified that this rule

will not have a significant economic

impact on a substantial number of small

entities under the criteria of the

Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference,

Navigation (air).

Adoption of the Amendment

In consideration of the foregoing, 14

CFR part 71 is amended as follows:

PART 71—[AMENDED]

1. The authority citation for 14 CFR

part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113,

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389; 14 CFR 11.69.

§ 71.1 [Amended]

2. The incorporation by reference in

14 CFR 71.1 of the Federal Aviation

Administration Order 7400.9C, Airspace

Designations and Reporting Points,

dated August 17, 1995, and effective

September 16, 1995, is amended as

follows:

Paragraph 6005 Class E airspace areas

extending upward from 700 feet or more

above the surface of the earth.

* * * * *

ANM WY E5 Camp Guernsey, WY [New]

Camp Guernsey Airport, WY

(Lat. 42°15′35′′ N, long. 104°43′42′′ W)

That airspace extending upward from 700

feet above the surface within a 6.7 mile

radius of the Camp Guernsey Airport, and

within 6.4 miles each side of the 141° bearing

from the Camp Guernsey Airport, extending

from the 6.7-mile radius to 17.8 miles

southeast of the Camp Guernsey Airport.

* * * * *

Issued in Seattle, Washington, on April 18,

1996.

Richard E. Prang,

Acting Assistant Manager, Air Traffic

Division, Northwest Mountain Region.

[FR Doc. 96–11729 Filed 5–9–96; 8:45 am]

BILLING CODE 4910–13–M

14 CFR Part 71

[Airspace Docket No. 96–ANM–002]

Establishment of Class E Airspace;

John Day, Oregon

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule.

SUMMARY: This action established the

John Day, Oregon, Class E airspace to

accommodate a Global Positioning

System (GPS) Standard Instrument

Approach Procedure (SIAP) to the John

Day State Airport.

EFFECTIVE DATE: 0901 UTC, August 15,

1996.

FOR FURTHER INFORMATION CONTACT:

James C. Frala, Operations Branch,

ANM–532.4, Federal Aviation

Administration, Docket No. 96–ANM–

002, 1601 Lind Avenue, SW, Renton,

Washington 98055–4056; telephone

number: (202) 227–2535.

SUPPLEMENTARY INFORMATION:

History

On March 18, 1996, the FAA

proposed to amend part 71 of the

Federal Aviation Regulations (14 CFR

part 71) to establish Class E airspace at

John Day, Oregon, to accommodate a

new GPS SIAP to the John Day State

Airport (61 FR 10910). Interested parties