Federal Register / Vol. 61, No. 87 / Friday, May 3, 1996 / Proposed Rules 19865

List of Subjects in 12 CFR Part 215

Credit, Federal Reserve System,

Penalties, Reporting and recordkeeping

requirements.

For the reasons set forth in the

preamble, and pursuant to the Board’s

authority under section 22(h) of the

Federal Reserve Act (12 U.S.C. 375b),

the Board is proposing to amend 12 CFR

Part 215, subpart A, as follows:

PART 215—LOANS TO EXECUTIVE

OFFICERS, DIRECTORS, AND

PRINCIPAL SHAREHOLDERS OF

MEMBER BANKS (REGULATION O)

1. The authority citation for part 215

continues to read as follows:

Authority: 12 U.S.C. 248(i), 375a(10), 375b

(9) and (10), 1817(k)(3) and 1972(2)(G)(ii);

Pub. L. 102–242, 105 Stat. 2236.

2. Section 215.2 is amended as

follows:

a. Paragraph (d) introductory text and

paragraphs (d)(1) through (d)(3) are

redesignated as paragraph (d)(1)

introductory text and paragraphs

(d)(1)(i) through (d)(1)(iii), respectively;

b. A new paragraph (d)(2) is added;

and

c. Paragraph (e)(2) is revised.

The addition and revision read as

follows:

§ 215.2.2 Definitions.

* * * * *

(d)(1) Director of a company or bank

* * *

* * * * *

(2) Exception. Extensions of credit to

a director of an affiliate of a member

bank (other than a company that

controls the bank) shall not be subject

to §§ 215.4 (b) through (d) and 215.6,

provided that—

(i) The director of the affiliate is

excluded (by name or by title) from

participation in major policymaking

functions of the member bank by

resolution of the bank’s boards of

directors, and does not actually

participate in such major policymaking

functions; and

(ii) The director is not otherwise

subject to §§ 215.4 (b) through (d) and

215.6.

(e) * * *

(2) Extensions of credit to an

executive officer of an affiliate of a

member bank (other than a company

that controls the bank) shall not be

subject to §§ 215.4 (b) through (d) and

215.6, provided that—

(i) The executive officer of the affiliate

is excluded (by name or by title) from

participation in major policymaking

functions of the member bank by

resolution of the bank’s boards of

directors, and does not actually

participate in such major policymaking

functions; and

(ii) The executive officer is not

otherwise subject to §§ 215.4 (b) through

(d) and 215.6.

* * * * *

By order of the Board of Governors of the

Federal Reserve System, April 25, 1996.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 96–10733 Filed 5–2–96; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 95–CE–45–AD]

RIN 2120—AA64

Airworthiness Directives; The New

Piper Aircraft, Inc. (formerly Piper

Aircraft Corporation) PA31, PA31P,

and PA31T Series Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This document proposes to

supersede AD 93–25-08, which

currently requires replacing the main

landing gear (MLG) actuator

reinforcement bracket with a part of

improved design on certain The New

Piper Aircraft, Inc. (Piper) PA31, PA31P,

and PA31T series airplanes. The

proposed action would require the same

action as AD 93–25–08. An incorrect

designation of Piper Model PA31–310

airplanes made in AD 93–25–08

prompted the proposed AD action. The

actions specified by the proposed AD

are intended to prevent the MLG from

extending, when not selected and while

the airplane is in flight, caused by

actuator reinforcement bracket failure,

which could result in substantial

airplane damage or loss of control of the

airplane.

DATES: Comments must be received on

or before July 8, 1996.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), Central Region,

Office of the Assistant Chief Counsel,

Attention: Rules Docket No. 95–CE–45–

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

Kansas City, Missouri 64106. Comments

may be inspected at this location

between 8 a.m. and 4 p.m., Monday

through Friday, holidays excepted.

Service information that applies to the

proposed AD may be obtained from The

New Piper Aircraft, Inc., Attn: Customer

Service, 2926 Piper Dr., Vero Beach,

Florida, 32960. This information also

may be examined at the Rules Docket at

the address above.

FOR FURTHER INFORMATION CONTACT:

Christina Marsh, Aerospace Engineer,

FAA, Atlanta Aircraft Certification

Office, Campus Building, 1701

Columbia Avenue, suite 2–160, College

Park, Georgia 30337–2748; telephone

(404) 305–7362; facsimile (404) 305–

7348.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested persons are invited to

participate in the making of the

proposed rule by submitting such

written data, views, or arguments as

they may desire. Communications

should identify the Rules Docket

number and be submitted in triplicate to

the address specified above. All

communications received on or before

the closing date for comments, specified

above, will be considered before taking

action on the proposed rule. The

proposals contained in this notice may

be changed in light of the comments

received.

Comments are specifically invited on

the overall regulatory, economic,

environmental, and energy aspects of

the proposed rule. All comments

submitted will be available, both before

and after the closing date for comments,

in the Rules Docket for examination by

interested persons. A report that

summarizes each FAA-public contact

concerned with the substance of this

proposal will be filed in the Rules

Docket.

Commenters wishing the FAA to

acknowledge receipt of their comments

submitted in response to this notice

must submit a self-addressed, stamped

postcard on which the following

statement is made: ‘‘Comments to

Docket No. 95–CE–45–AD.’’ The

postcard will be date stamped and

returned to the commenter.

Availability of NPRMs

Any person may obtain a copy of this

NPRM by submitting a request to the

FAA, Central Region, Office of the

Assistant Chief Counsel, Attention:

Rules Docket No. 95–CE–45–AD, Room

1558, 601 E. 12th Street, Kansas City,

Missouri 64106.

Discussion

It has been brought to the attention of

the FAA that AD 93–25–08, which is

applicable to Piper PA31, PA31P, and

PA31T series airplanes, should not have

listed a Piper Model PA31–310 airplane.
19866 Federal Register / Vol. 61, No. 87 / Friday, May 3, 1996 / Proposed Rules

The Piper Model PA31–310 airplane is

not a recognized model on Type

Certificate Data Sheet No. A20SO. The

data plate for the airplane subject to the

AD states Piper Model PA31, not a Piper

Model PA31–310. A concern was raised

that some owners/operators of Model

PA31 airplanes may not have complied

with AD 93–25–08, since the AD

currently specifies the airplane as a

Piper Model PA31–310, even though

their serial number falls within the

serial number range in the current AD.

For this reason, the FAA is proposing to

supersede the current AD to change the

model designation in the Applicability

section of the AD from Piper Model

PA31–310 airplanes to Piper Model

PA31 airplanes.

Piper has issued Service Bulletin (SB)

No. 923, dated August 16, 1989, which

specifies replacing any MLG actuator

reinforcement bracket having part

number (P/N) 40776–00 with a new

MLG actuator reinforcement bracket,

P/N 73786–02.

After examining the circumstances

and reviewing all available information

related to the incidents described above,

the FAA has determined that AD action

should be taken to prevent the MLG

from extending, when not selected and

while the airplane is in flight, because

of actuator reinforcement bracket

failure, which could result in

substantial airplane damage or loss of

control of the airplane.

Since an unsafe condition has been

identified that is likely to exist or

develop in other Piper Model PA31

airplanes of the same type design,

instead of Piper Model PA31–310, the

proposed AD would supersede AD 93–

25–08 with a new AD that would retain

the same requirements as AD 93–25–08

and change the model designation in the

Applicability section from Piper Model

PA31–310 airplanes to Piper Model

PA31 airplanes.

The FAA estimates that 2,448

airplanes in the U.S. registry would be

affected by the proposed AD, that it

would take approximately 4 workhours

to accomplish the proposed action, and

that the average labor rate is

approximately $60 an hour. Parts cost

approximately $308 per airplane. Based

on these figures, the total cost impact of

the proposed AD on U.S. operators is

estimated to be $1,341,504. AD 93–25–

08 currently requires the same actions

as is proposed. The only difference

between the proposed AD and AD 93–

25–08 is the change in model

designation from PA31–310 to PA31.

With this in mind, the proposed action

would not provide any additional cost

impact upon U.S. operators over that

already required by AD 93–25–08.

The regulations proposed herein

would 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

proposal would 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) if

promulgated, 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 draft

regulatory evaluation prepared for this

action has been placed 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, Safety.

The Proposed Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration proposes to amend 14

CFR part 39 of the Federal Aviation

Regulations 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

removing AD 93–25–08, Amendment

39–8774, and by adding the following

new airworthiness directive:

The New Piper Aircraft, Inc.: Docket No. 95–

CE–45–AD; Supersedes AD 93–25–08,

Amendment 39–8774.

Applicability: The following Model and

serial number airplanes, certificated in any

category.

Model Serial No.

PA31, PA31–300, and PA31–325 ...................... 31–2 through 31–8312019.

PA31–350 ........................................................... 31–5001 through 31–8553002.

PA31P ................................................................. 31P–1 through 31P–7730012.

PA31P–350 ......................................................... 31P–8414001 through 31P–8414050.

PA31T ................................................................. 31T–7400001 through 31T–8120104.

PA31T1 ............................................................... 31T–7804001 through 31T–8304003 and 31T–1104004 through 31T–1104017.

PA31T2 ............................................................... 31T–8166001 through 31T–8166076 and 31T–1166001 through 31T–1166008.

PA31T3 ............................................................... 31T–8275001 through 31T–8475001 and 31T–5575001.

Note 1: This AD applies to each airplane

identified in the preceding applicability

revision, 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 200

hours time-in-service (TIS) after February 11,

1994 (effective date of AD 93–25–08) or

within the next 25 hours TIS after the

effective date of this AD, whichever occurs

later, unless already accomplished.

To prevent the main landing gear (MLG)

from extending, when not selected and while

the airplane is in flight, because of actuator

reinforcement bracket failure, which could

result in substantial airplane damage or loss

of control of the airplane, accomplish the

following:

(a) Replace any MLG actuator

reinforcement bracket having part number

(P/N) 40776–00 with a new MLG actuator

reinforcement bracket, P/N 73786–02, in

accordance with the INSTRUCTIONS section

of Piper Service Bulletin (SB) No. 923, dated

August 16, 1989.

(b) Special flight permits may be issued in

accordance with 14 CFR 21.197 and 21.199

to operate the airplane to a location where

the requirements of this AD can be

accomplished.
Federal Register / Vol. 61, No. 87 / Friday, May 3, 1996 / Proposed Rules 19867

(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, FAA, Atlanta

Aircraft Certification Office, Campus

Building, 1701 Columbia Avenue, suite 2–

160, College Park, Georgia 30337–2748. The

request shall be forwarded through an

appropriate FAA Maintenance Inspector,

who may add comments and then send it to

the Manager, Atlanta Aircraft Certification

Office.

Note 2: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Atlanta Aircraft

Certification Office.

(d) Alternative methods of compliance

approved in accordance with AD 93–25–08

(superseded by this action) are considered

approved as alternative methods of

compliance with this AD.

(e) All persons affected by this directive

may obtain copies of the document referred

to herein upon request to The New Piper

Aircraft, Inc., Attn: Customer Service, 2926

Piper Dr., Vero Beach, Florida, 32960; or may

examine this document at the FAA, Central

Region, Office of the Assistant Chief Counsel,

Room 1558, 601 E. 12th Street, Kansas City,

Missouri 64106.

(f) This amendment supersedes AD 93–25–

08, Amendment 39–8774.

Issued in Kansas City, Missouri, on April

26, 1996.

Michael Gallagher,

Manager, Small Airplane Directorate, Aircraft

Certification Service.

[FR Doc. 96–11030 Filed 5–2–96; 8:45 am]

BILLING CODE 4910–13–U

14 CFR Part 39

[Docket No. 95–CE–56–AD]

RIN 2120–AA64

Airworthiness Directives; The New

Piper Aircraft, Inc. (Formerly Piper

Aircraft Corporation) PA23, PA31,

PA31P, PA31T, and PA42 Series

Airplanes

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This document proposes to

supersede AD 86–17–07, which

currently requires replacing all

hydraulic hoses with hydraulic hoses of

an improved design on certain The New

Piper Aircraft, Inc. (Piper) PA23, PA31,

PA31P, PA31T, and PA42 series

airplanes. The proposed action would

require inspecting for improperly

manufactured hydraulic hoses replaced

during a specific time frame and

replacing all affected hydraulic hoses.

An incorrect designation of a Piper

Model PA31–310 and a Piper Model

PA23–150 airplane prompted the

proposed AD action. The action

specified by the proposed AD is

intended to prevent hydraulic hose

failure which could cause loss of

hydraulic capabilities resulting in a

gear-up landing and possible loss of the

airplane.

DATES: Comments must be received on

or before July 8, 1996.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), Central Region,

Office of the Assistant Chief Counsel,

Attention: Rules Docket No. 95–CE–56–

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

Kansas City, Missouri 64106. Comments

may be inspected at this location

between 8 a.m. and 4 p.m., Monday

through Friday, holidays excepted.

Service information that applies to the

proposed AD may be obtained from The

New Piper Aircraft, Inc., Attn: Customer

Service, 2926 Piper Dr., Vero Beach,

Florida, 32960. This information also

may be examined at the Rules Docket at

the address above.

FOR FURTHER INFORMATION CONTACT:

Christina Marsh, Aerospace Engineer,

FAA, Atlanta Aircraft Certification

Office, Campus Building, 1701

Columbia Avenue, suite 2–160, College

Park, Georgia 30337–2748; telephone

(404) 305–7362; facsimile (404) 305–

7348.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested persons are invited to

participate in the making of the

proposed rule by submitting such

written data, views, or arguments as

they may desire. Communications

should identify the Rules Docket

number and be submitted in triplicate to

the address specified above. All

communications received on or before

the closing date for comments, specified

above, will be considered before taking

action on the proposed rule. The

proposals contained in this notice may

be changed in light of the comments

received.

Comments are specifically invited on

the overall regulatory, economic,

environmental, and energy aspects of

the proposed rule. All comments

submitted will be available, both before

and after the closing date for comments,

in the Rules Docket for examination by

interested persons. A report that

summarizes each FAA-public contact

concerned with the substance of this

proposal will be filed in the Rules

Docket.

Commenters wishing the FAA to

acknowledge receipt of their comments

submitted in response to this notice

must submit a self-addressed, stamped

postcard on which the following

statement is made: ‘‘Comments to

Docket No. 95–CE–56–AD.’’ The

postcard will be date stamped and

returned to the commenter.

Availability of NPRMs

Any person may obtain a copy of this

NPRM by submitting a request to the

FAA, Central Region, Office of the

Assistant Chief Counsel, Attention:

Rules Docket No. 95–CE–56–AD, Room

1558, 601 E. 12th Street, Kansas City,

Missouri 64106.

Discussion

It has been brought to the attention of

the FAA that AD 86–17–07, which is

applicable to Piper PA31 and PA23

series airplanes, should not have listed

a Piper Model PA31–310 and a Piper

Model PA23–150 airplane, respectively.

The Piper Model PA31–310 airplane is

not a recognized model on the Type

Certificate Data Sheet No. A20SO and

the airplane’s data plate will specify a

Model PA31 not a Model PA31–310.

Similarly, the Piper Model PA23–150

airplane is not a recognized model on

the Aircraft Specification No. 1A10 and

the airplane’s data plate will specify a

Model PA23, not a Model PA23–150.

The concern was raised that some

owners/operators of PA31 and PA23

series airplanes may not have complied

with AD 86–17–07, since the AD

currently specifies the airplanes as Piper

Models PA31–310 or PA23–150, even

though their serial number falls within

the serial number range in the current

AD. For this reason, the FAA is

proposing to supersede the current AD

to change the model designation from

Piper Models PA31–310 and PA23–150

airplanes to Piper Models PA31 and

PA23 airplanes, respectively.

Piper has issued service bulletin (SB),

No. 822, dated April 2, 1986, which

specifies procedures for inspecting for

improperly manufactured hydraulic

hoses, part number (P/N) 17766–02 or

465–138, and if found installed,

installing hydraulic hoses (P/N 17766–

02) to replace the improperly

manufactured hydraulic hoses currently

in place on the airplane.

After examining the circumstances

and reviewing all available information

related to the incidents described above,

the FAA has determined that AD action

should be taken to ensure that the

correct hydraulic hoses are installed and

if not installed, replacing the hydraulic

hoses with the correct hoses to avoid a

loss of hydraulic capabilities resulting

in a gear-up landing and possible loss of

the airplane.