30548 Federal Register / Vol. 61, No. 117 / Monday, June 17, 1996 / Proposed Rules

13See footnote 11.

14See footnote 12.

PART 204—RESERVE

REQUIREMENTS OF DEPOSITORY

INSTITUTIONS (REGULATION D)

1. The authority citation for part 204

continues to read as follows:

Authority: 12 U.S.C. 248(a), 248(c), 371a,

461, 601, 611, and 3105.

2. Section 204.2 is amended as

follows:

a. In paragraph (c)(1)(i), the

introductory text of footnote 1 is

amended by removing ‘‘before maturity’’

and adding in its place, ‘‘during the

period when an early withdrawal

penalty would otherwise be required

under this part’’, removing ‘‘the’’ after

‘‘imposing’’ adding in its place, ‘‘an’’,

removing ‘‘penalties’’ and adding in its

place ‘‘penalty’’, and footnote 2 is

removed.

b. In paragraphs (c)(1)(iv)(C),

(c)(1)(iv)(E), and (d)(2), footnotes 3

through 6 are redesignated as footnotes

2 through 5, respectively.

c. Paragraph (f)(1)(iii) is revised.

d. Paragraph (f)(1)(iv) is removed and

paragraph (f)(1)(v) is redesignated as

paragraph (f)(1)(iv).

e. In newly redesignated paragraphs

(f)(1)(iv)(C) and (f)(1)(iv)(E), footnotes 7

and 8 are redesignated as footnotes 6

and 7, respectively.

f. Paragraph (f)(3) is removed.

g. In paragraph (h)(1)(ii)(A), footnote

10 is redesignated as footnote 8 and is

amended by removing ‘‘(1) that were

acquired before October 7, 1979, or (2)’’.

h. In paragraphs (h)(2)(ii) and (t),

footnotes 11 and 12 are redesignated as

footnotes 9 and 10, respectively, and

newly redesignated footnote 9 is

amended by revising ‘‘Footnote 10’’ to

read ‘‘footnote 8’’. The revisions are as

follows:

§ 204.2 Definitions.

* * * * *

(f)(1) Nonpersonal time deposit * * *

* * * * *

(iii) A transferable time deposit. A

time deposit is transferable unless it

contains a specific statement on the

certificate, instrument, passbook,

statement or other form representing the

account that is not transferable. A time

deposit that contains a specific

statement that it is not transferable is

not regarded as transferable even if the

following transactions can be effected: a

pledge as collateral for a loan, a

transaction that occurs due to

circumstances arising from death,

incompetency, marriage, divorce,

attachment, or otherwise by operation of

law or a transfer on the books or records

of the institution; and

* * * * *

3. Section 204.3 is amended as

follows:

a. Paragraph (a)(3)(i) is removed and

the paragraph designation (a)(3)(ii) is

removed.

b. Paragraph (f)(1) is revised.

c. Paragraph (i)(5)(iv) is removed.

The revisions are as follows:

§ 204.3 Computation and maintenance.

* * * * *

(f) Deductions allowed in computing

reserves. (1) In determining the reserve

balance required under this part, the

amount of cash items in process of

collection and balances subject to

immediate withdrawal due from other

depository institutions located in the

United States (including such amounts

due from United States branches and

agencies of foreign banks and Edge and

agreement corporations) may be

deducted from the amount of gross

transaction accounts. The amount that

may be deducted may not exceed the

amount of gross transaction accounts.

* * * * *

4. Section 204.4 is revised to read as

follows:

§ 204.4 Transitional adjustments in

mergers.

In cases of mergers and consolidations

of depository institutions, the amount of

reserves that shall be maintained by the

surviving institution shall be reduced by

an amount determined by multiplying

the amount by which the required

reserves during the computation period

immediately preceding the date of the

merger (computed as if the depository

institutions had merged) exceeds the

sum of the actual required reserves of

each depository institution during the

same computation period, times the

appropriate percentage as specified in

the following schedule:

Maintenance periods occurring

during quarters following merger

or consolidation

Percentage applied to difference to

compute

amount to

be subtracted

1 .................................................. 87.5

2 .................................................. 75.0

3 .................................................. 62.5

4 .................................................. 50.0

5 .................................................. 37.5

6 .................................................. 25.0

7 .................................................. 12.5

8 and succeeding ....................... 0

5. Section 204.8 is amended as

follows:

a. In paragraph (a)(2)(i)(B)(5),

footnotes 13 and 14 are redesignated as

footnotes 11 and 12, respectively.

b. In paragraph (a)(3)(v), footnotes 15

and 16 are redesignated as footnotes 13

and 14, respectively, and revised to read

as follows:

§ 204.8 International banking facilities.

(a) Definitions. * * *

* * * * *

(3) International banking facility

extension of credit or IBF loan * * *

* * * * *

(v) * * * 13 * * * 14 * * *

§ 204.9 [Amended]

6. Section 204.9 is amended by

removing paragraph (b), by

redesignating paragraph (a)(1) as

paragraph (a), and by redesignating

paragraph (a)(2) as paragraph (b).

By order of the Board of Governors of the

Federal Reserve System, June 10, 1996.

William W. Wiles,

Secretary of the Board.

[FR Doc. 96–15120 Filed 6–14–96; 8:45 am]

BILLING CODE 6210–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 94–SW–17–AD]

Airworthiness Directives; Schweizer

Aircraft Corporation and Hughes

Helicopters, Inc. Model 269A, 269A–1,

269B, and TH–55A Helicopters

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This document proposes to

supersede an existing airworthiness

directive (AD), applicable to Schweizer

Aircraft Corporation and Hughes

Helicopters, Inc. Model 269A, 269A–1,

269A–2, and 269B helicopters, that

currently requires initial and repetitive

inspections of the main rotor thrust

bearing (bearing) for bearing rotational

roughness, corrosion, inadequate

lubrication, physical damage, or

excessive zinc chromate paste or

moisture. This action would require the

same initial and repetitive inspections

required by the existing AD, but would

extend the retirement life for certain

bearings, and would remove the Model

269A–2 helicopter from, and add the

Model TH–55A helicopters to the

applicability of this AD. This proposal

is prompted by an FAA analysis of

service information issued by the
Federal Register / Vol. 61, No. 117 / Monday, June 17, 1996 / Proposed Rules 30549

manufacturer that extends the

retirement life for certain bearings. The

actions specified by the proposed AD

are intended to prevent failure of the

bearing, loss of the main rotor, and

subsequent loss of control of the

helicopter.

DATES: Comments must be received by

August 16, 1996.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), Office of the

Assistant Chief Counsel, Attention:

Rules Docket No. 94–SW–17–AD, 2601

Meacham Blvd., Room 663, Fort Worth,

Texas 76137. Comments may be

inspected at this location between 9:00

a.m. and 3:00 p.m., Monday through

Friday, except Federal holidays.

The service information referenced in

the proposed rule may be obtained from

Schweizer Aircraft Corporation, P.O.

Box 147, Elmira, New York 14902. This

information may be examined at the

FAA, Office of the Assistant Chief

Counsel, Room 663, 2601 Meacham

Blvd., Fort Worth, Texas.

FOR FURTHER INFORMATION CONTACT:

Mr. Ray O’Neill, Aerospace Engineer,

Airframe and Propulsion Branch, New

York Aircraft Certification Office, FAA,

New England Region, 10 5th Street,

Valley stream, New York 11581,

telephone (516) 256–7505, fax (516)

568–2716.

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

summarizing 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. 94–SW–17–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, Office of the Assistant Chief

Counsel, Attention: Rules Docket No.

94–SW–17–AD, 2601 Meacham Blvd.,

Room 663, Fort Worth, Texas 76137

Discussion

On October 11, 1968, the FAA issued

AD 68–21–05, Amendment 39–672 (33

FR 15543, October 19, 1968), to require,

for Model 269A helicopters, serial

numbers (S/N) 0011 through 0979

(except Model TH–55A helicopters),

Model 269A–1 helicopters, S/N 0001

through 0041, Model 269A–2 helicopter,

S/N 0001, and Model 269B, S/N 0001

through 0370, an initial inspection at 25

hours time-in-service (TIS) and

thereafter, repetitive inspections at 150

hours TIS intervals of the bearing, part

number (P/N 269A5050–50 or P/N

269A5050–51, for bearing corrosion,

inadequate lubrication, physical

damage, or evidence of excessive zinc

chromate paste or moisture; and, to

establish a bearing retirement life of 300

hours TIS. The AD was revised and

issued on July 24, 1970 (35 FR 12532,

August 6, 1970) to require, for bearings,

P/N 269A5050–73, repetitive

inspections at 600 hours TIS intervals

for bearing corrosion, rust, freedom of

rotation, looseness, binding, nicks,

burrs, cracks, and inadequate

lubrication; and to establish a bearing

retirement life of 1,800 hours TIS. These

actions were prompted by several

reports of failures of the bearings in

military-use helicopters (Model TH–

55a) that were equipped with the same

bearings. That condition, if not

corrected, could result in failure of the

main rotor thrust bearing, loss of the

main rotor, and subsequent loss of

control of the helicopter.

Since the issuance of that AD, Hughes

Helicopters, Inc., issued a report

(Hughes Report JS–10–3, Revised May 4,

1979), which stated that the retirement

life for the bearing, P/N 269A5050–73,

should be extended from 1,800 hours

TIS to 3,000 hours TIS. There have been

no reports of failures of that bearing

since the issuance of AD 68–21–05. In

1979, the FAA incorporated the 3,000

hours TIS retirement life into Type

Certificate Data Sheet 4H12, Revision

19, which governs Schweizer Aircraft

Corporation Model 269A, 269A–1,

269B, and former TH–55A helicopters.

Additionally, the Model 269A–2 Serial

No. 0001) was deleted from that Type

Certificate Data Sheet. Therefore, the

Model 269A–2 is removed from the

applicability of this AD. Finally the

Model TH–55A helicopter was omitted

from the applicability of the existing

AD, and has been added to the

applicability of this AD.

Since an unsafe condition has been

identified that is likely to exist or

develop another Schweizer Aircraft

Corporation and Hughes Helicopters,

Inc. Model 269A, 269A–1, 269B, and

TH–55A helicopters of the same type

design, the proposed AD would

supersede AD 68–21–05 to require the

same initial and repetitive inspections

required by the existing AD, but extend

the retirement life for bearings, P/N

269A5050–73, from 1,800 hours TIS to

3,000 hours TIS.

The FAA estimates that 500

helicopters of U.S, registry would be

affected by this proposed AD, that it

would take approximately 8 work hours

per helicopter to accomplish the

proposed actions, and that the average

labor rate is $60 per work hour.

Required parts would cost

approximately $1,890 per helicopter.

Based on these figures, the total cost

impact of the proposed AD on U.S.

operators is estimated to be $1,185,000.

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 proposed regulation (1)

is not a ‘‘significant regulatory action’’

under Executive Order 12866; (2) is not

a ‘‘significant rule’’ under the 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 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, Safety.
30550 Federal Register / Vol. 61, No. 117 / Monday, June 17, 1996 / Proposed Rules

The Proposed Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration proposes to amend 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 USC 106(g), 40113, and

44701.

§ 39.13 [Amended]

2. Section 39.13 is amended by

removing Amendment 39–1055 (35 FR

12532, August 6, 1970), and

Amendment 39–672 (33 FR 15543,

October 19, 1968), and by adding a new

airworthiness directive (AD), to read as

follows:

Schweizer Aircraft Corporation and Hughes

Helicopters, Inc.: Docket No. 94–SW–

17–AD. Supersedes AD 68–21–05,

Amendment 39–1055 and Amendment

39–672.

Applicability: Model 269A helicopters,

serial numbers (S/N) 0011 through 1109,

Model 269A–1 helicopters, S/N 0001 through

0041, Model 269B, S/N 0001 through 0444,

and Model TH–55A, with main rotor thrust

bearing, part number (P/N) 269A5050–50,

–51 or –73, installed, certified in any

category.

Note 1: This AD applies to each helicopter

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

helicopters that have been modified altered,

or repaired so that the performance of the

requirements of this AD is affected, the

owner/operator must use the authority

provided in paragraph (g) to request approval

from the FAA. This approval may address

either no action, if the current configuration

eliminates the unsafe condition, or different

actions necessary to address the unsafe

condition described in this AD. Such a

request should include an assessment of the

effect of the changed configuration on the

unsafe condition addressed by this AD. In no

case does the presence of any modification,

alteration, or repair remove any helicopter

from the applicability of this AD.

Compliance: Required within 25 hours

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

of this AD, unless accomplished previously.

To prevent failure of the main rotor thrust

bearing, loss of the main rotor, and

subsequent loss of control of the helicopter,

accomplish the following:

(a) From available helicopter records,

determine the TIS of the appropriate main

rotor thrust bearing (bearing), part number

(P/N) 269A5050–50, 269A5050–51, or

269A5050–73.

(1) If the TIS on the bearing, P/N

269A5050–50 or –51, equals or exceeds 300

hours TIS, replace the bearing before further

flight.

(2) If the TIS on the hearing, P/N

269A5050–50 or –51, equals or exceeds 275

hours TIS, retire the bearing from service

within 25 hours TIS after the effective date

of this AD.

(b) Inspect bearing, P/N 269A5050–50 or

–51, for rotational roughness, corrosion,

inadequate lubrication, physical damage,

moisture or inadequate drainage due to

build-up of zinc chromate paste in

accordance with Step II, paragraph b of

Schweizer Service Notice (SSN) No. N–59,

dated October 9, 1968.

(1) If bearing rotational roughness,

corrosion, inadequate lubrication, physical

damage, moisture or inadequate drainage due

to build-up of zinc chromate paste is found,

replace the bearing with an airworthy

bearing.

(2) If no bearing rotational roughness,

corrosion, lack of lubrication, physical

damage, moisture or inadequate drainage due

to build-up of zinc chromate paste is found,

thereafter, inspect the bearing in accordance

with this paragraph upon attaining an

additional 150 hours TIS.

(3) For replacement bearings, inspect in

accordance with this paragraph upon

attaining 150 hours TIS, unless the bearing

reaches its 300 hour TIS retirement life limit

prior to this inspection.

(c) For bearing, P/N 269A5050–73:

(1) Inspect the bearing for corrosion, rust,

freedom of rotation, looseness, binding,

nicks, burrs, cracks and lubrication.

Thereafter, inspect the bearing at intervals

not to exceed 600 hours TIS.

(2) As necessary, repack the bearing cavity

in accordance with Schweizer Aircraft

Corporation CKP–C–41 ‘‘Installation

Instructions For 269 Series Helicopters, SA–

269K–057–1 Main Rotor Thrust Bearing Kit,’’

dated June 9, 1994.

(d) This AD establishes a retirement life of

300 hours TIS for bearings, P/Ns 269A5050–

50 and –51 and a retirement life of 3,000

hours TIS for bearing, P/N 2695050–73.

However, bearings, P/Ns 269A5050–50 and

–51, with at least 275 hours TIS but less than

300 hours TIS on the effective date of this

AD, need not be retired until or before the

accumulation of an additional 25 hours TIS

after the effective date of this AD.

(e) Inspect the thrust bearing nut (nut), P/

N 269A1306–5, for corrosion and physical

damage and determine whether the nut has

been modified in accordance with Step III of

SSN No. N–59, dated October 9, 1968.

(1) If corrosion or physical damage is

found, replace the nut with an airworthy nut

that has been modified in accordance with

Step III of SSN No. N–59, dated October 9,

1968.

(2) If the nut has not been modified,

modify the nut in accordance with Step III

of SSN No. N–59, dated October 9, 1968.

(f) Inspect the interior of the main rotor

mast (mast) for corrosion, physical damage,

foreign materials, moisture or inadequate

drainage due to a buildup of zinc chromate

paste and determine whether the mast has

been modified in accordance with Step II of

SSN No. N–59, dated October 9, 1968 to

install a drain hole.

(1) If corrosion or physical damage is

found, replace the mast with an airworthy

mast that has been modified in accordance

with Step III of SSN No. N–59, dated October

9, 1968.

(2) If the interior of the mast has foreign

materials, moisture or inadequate drainage

due to a buildup of zinc chromate past, clean

the area with a suitable solvent in accordance

with Step II of SSN No. N–59, dated October

9, 1968.

(3) If the mast has not been modified,

modify the mast in accordance with Step III

of SSN No. N–59, dated October 9, 1968.

(g) An alternative method of compliance or

adjustment of the compliance time that

provides an acceptable level of safety may be

used if approved by the Manager, New York

Aircraft Certification Office. Operators shall

submit their requests through an FAA

Principal Maintenance Inspector, who may

concur or comment and then send it to the

Manager, New York 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 New York Aircraft

Certification Office.

(h) 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 helicopter

to a location where the requirements of this

AD can be accomplished.

Issued in Fort Worth, Texas, on June 6,

1996.

Larry M. Kelly,

Acting Manager, Rotorcraft Directorate,

Aircraft Certification Service.

[FR Doc. 96–15214 Filed 6–14–96; 8:45 am]

BILLING CODE 4910–13–M

14 CFR Part 71

[Airspace Docket No. 95–ASO–22]

Proposed Establishment of VOR

Federal Airways V–603 and V–605; SC

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking.

SUMMARY: This proposed rule would

establish two Federal Airways, V–603

from Pulaski, VA, to Columbia, SC, and

V–605 fro Holston Mountain, TN, to

Spartanburg, SC. Establishing new

airways would expedite the flow of air

traffic and reduce the workload for the

pilot and controller.

DATES: Comments must be received on

or before July 29, 1996.

ADDRESSES: Send comments on the

proposal in triplicate to: Manager, Air

Traffic Division, ASO–500, Docket No.

95–ASO–22, Federal Aviation

Administration, P.O. Box 20636,

Atlanta, GA 30320.

The official docket may be examined

in the Rules Docket, Office of the Chief