Federal Register / Vol. 61, No. 131 / Monday, July 8, 1996 / Rules and Regulations 35623

is equivalent to cash flows, total notional

principal is defined as the net receipts falling

due on each value date in each currency.

e. The current exposure of the netting

contract is determined by summing all

positive and negative mark-to-market values

of the individual contracts included in the

netting contract. If the net sum of the markto-market values is positive, then the current

exposure of the netting contract is equal to

that sum. If the net sum of the mark-tomarket values is zero or negative, then the

current exposure of the netting contract is

zero. OFHEO may determine that a netting

contract qualifies for minimum capital

standard netting treatment even though

certain individual contracts may not qualify.

In such instances, the nonqualifying

contracts should be treated as individual

contracts that are not subject to the netting

contract.

f. In the event a netting contract covers

contracts that are normally excluded from the

minimum capital requirement computation—

for example, foreign exchange rate contracts

with an original maturity of 14 calendar days

or less, or instruments traded on exchanges

that require daily payment of variation

margin—an Enterprise may elect consistently

either to include or exclude all mark-tomarket values of such contracts when

determining net current exposure.

Subpart B—[Reserved]

Aida Alvarez,

Director, Office of Federal Housing Enterprise

Oversight.

[FR Doc. 96–17120 Filed 7–5–96; 8:45 am]

BILLING CODE 4220–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 73

[Airspace Docket No. 96–AWP–12]

Change Time of Designation for

Restricted Area R–3107, Kaula Rock;

HI

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule.

SUMMARY: This action reduces the time

of designation for Restricted Area 3107

(R–3107), Kaula Rock, HI, to accurately

reflect actual times of use. This

administrative change, initiated by the

U.S. Navy, will not affect the

boundaries, designated altitudes, or

activities conducted within the

restricted area.

EFFECTIVE DATE: 0901 UTC, October 10,

1996.

FOR FURTHER INFORMATION CONTACT:

Steve Brown, Airspace and Rules

Division, ATA–400, Office of Air Traffic

Airspace Management, Federal Aviation

Administration, 800 Independence

Avenue, SW., Washington, DC 20591;

telephone: (202) 267–8783.

SUPPLEMENTARY INFORMATION:

The Rule

This amendment to part 73 of the

Federal Aviation Regulations reduces

the time of designation for R–3107,

Kaula Rock, HI, to accurately reflect

actual times of use. This administrative

change, initiated by the U.S. Navy, will

not affect the boundaries, designated

altitudes, or activities conducted within

the restricted area. Therefore, I find that

notice and public procedure under 5

U.S.C. 553(b) are unnecessary because

this action is a minor technical

amendment in which the public would

not be particularly interested. Section

73.31 of part 73 of the Federal Aviation

Regulations was republished in FAA

Order 7400.8C dated June 29, 1995.

The FAA has determined that this

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.

Environmental Review

This action reduces the restricted

area’s time of designation. In accordance

with FAA Order 1050.1D, ‘‘Policies and

Procedures for Considering

Environmental Impacts,’’ this action is

not subject to environmental

assessments and procedures and the

National Environmental Policy Act.

List of Subjects in 14 CFR Part 73

Airspace, Navigation (air).

Adoption of the Amendment

In consideration of the foregoing, the

Federal Aviation Administration

amends 14 CFR part 73 as follows:

PART 73—[AMENDED]

1. The authority citation for part 73

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.

§ 73.31 [Amended]

2. Section 73.31 is amended as

follows:

R–3107 Kaula Rock, HI. [Amended]

By removing the current time of

designation and substituting the

following:

Time of designation. 0700–2200 local

time Monday-Friday; 0800–1600 local

time Saturday-Sunday; other times by

NOTAM issued at least 24 hours in

advance.

Issued in Washington, DC, on June 28,

1996.

Nancy B. Kalinowski,

Acting Program Director for Air Traffic

Airspace Management.

[FR Doc. 96–17231 Filed 7–5–96; 8:45 am]

BILLING CODE 4910–13–P

14 CFR Part 97

[Docket No. 28615; Amdt. No. 1739]

RIN 2120–AA65

Standard Instrument Approach

Procedures; Miscellaneous

Amendments

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule.

SUMMARY: This amendment establishes,

amends, suspends, or revokes Standard

Instrument Approach Procedures

(SIAPs) for operations at certain

airports. These regulatory actions are

needed because of the adoption of new

or revised criteria, or because of changes

occurring in the National Airspace

System, such as the commissioning of

new navigational facilities, addition of

new obstacles, or changes in air traffic

requirements. These changes are

designed to provide safe and efficient

use of the navigable airspace and to

promote safe flight operations under

instrument flight rules at the affected

airports.

DATES: An effective date for each SIAP

is specified in the amendatory

provisions.

Incorporation by reference-approved

by the Director of the Federal Register

on December 31, 1980, and reapproved

as of January 1, 1982.

ADDRESSES: Availability of matters

incorporated by reference in the

amendment is as follows:.

For Examination—

1. FAA Rules Docket, FAA

Headquarters Building, 800
35624 Federal Register / Vol. 61, No. 131 / Monday, July 8, 1996 / Rules and Regulations

Independence Avenue, SW.,

Washington, DC 20591;

2. The FAA Regional office of the

region in which the affected airport is

located; or

3. The Flight Inspection Area Office

which originated the SIAP.

For Purchase—Individual SIAP

copies may be obtained from:

1. FAA Public Inquiry Center (APA–

200), FAA Headquarters Building, 800

Independence Avenue, SW.,

Washington, DC 20591; or

2. The FAA Regional Office of the

region in which the affected airport is

located.

By Subscription—Copies of all SIAPs,

mailed once every 2 weeks, are for sale

by the Superintendent of Documents,

U.S. Government Printing Office,

Washington, DC 20402.

FOR FURTHER INFORMATION CONTACT:

Paul J. Best, Flight Procedures

Standards Branch (AFS–420), Technical

Programs Division, Flight Standards

Service, Federal Aviation

Administration, 800 Independence

Avenue, SW., Washington, DC 20591;

telephone (202) 267–8277.

SUPPLEMENTARY INFORMATION: This

amendment to part 97 of the Federal

Aviation Regulations (14 CFR part 97)

establishes, amends, suspends, or

revokes Standard Instrument Approach

Procedures (SIAPs). The complete

regulatory description of each SIAP is

contained in official FAA form

documents which are incorporated by

reference in this amendment under 5

U.S.C. 552(a), 1 CFR part 51, and § 97.20

of the Federal Aviation Regulations

(FAR). The applicable FAA Forms are

identified as FAA Form 8260–5.

Materials incorporated by reference are

available for examination or purchase as

stated above.

The large number of SIAPs, their

complex nature, and the need for a

special format make their verbatim

publication in the Federal Register

expensive and impractical. Further,

airmen do not use the regulatory text of

the SIAPs, but refer to their graphic

depiction on charts printed by

publishers of aeronautical materials.

Thus, the advantages of incorporation

by reference are realized and

publication of the complete description

of each SIAP contained in FAA form

documents is unnecessary. The

provisions of this amendment state the

affected CFR (and FAR) sections, with

the types and effective dates of the

SIAPs. This amendment also identifies

the airport, its location, the procedure

identification and the amendment

number.

This amendment to part 97 is effective

upon publication of each separate SIAP

as contained in the transmittal. The

SIAPs contained in this amendment are

based on the criteria contained in the

United States Standard for Terminal

Instrument Approach Procedures

(TERPS). In developing these SIAPs, the

TERPS criteria were applied to the

conditions existing or anticipated at the

affected airports.

The FAA has determined through

testing that current non-localizer type,

non-precision instrument approaches

developed using the TERPS criteria can

be flown by aircraft equipped with

Global Positioning System (GPS)

equipment. In consideration of the

above, the applicable Standard

Instrument Approach Procedures

(SIAPs) will be altered to include ‘‘or

GPS’’ in the title without otherwise

reviewing or modifying the procedure.

(Once a stand alone GPS procedure is

developed, the procedure title will be

altered to remove ‘‘or GPS’’ from these

non-localizer, non-precision instrument

approach procedure titles.) Because of

the close and immediate relationship

between these SIAPs and safety in air

commerce, I find that notice and public

procedure before adopting these SIAPs

are, impracticable and contrary to the

public interest and, where applicable,

that good cause exists for making some

SIAPs effective in less than 30 days.

The FAA has determined that this

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

‘‘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. For the same

reason, the FAA certifies that this

amendment 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 97

Air traffic control, Airports,

Navigation (Air).

Issued in Washington, DC, on June 28,

1996.

Thomas C. Accardi,

Director, Flight Standards Service.

Adoption of the Amendment

Accordingly, pursuant to the

authority delegated to me, part 97 of the

Federal Aviation Regulations (14 CFR

part 97) is amended by establishing,

amending, suspending, or revoking

Standard Instrument Approach

Procedures, effective at 0901 UTC on

the dates specified, as follows:

PART 97—STANDARD INSTRUMENT

APPROACH PROCEDURES

1. The authority citation for part 97 is

revised to read as follows:

Authority: 49 U.S.C. 40103, 40113, 40120,

44701; 49 U.S.C. 106(g); and 14 CFR

11.49(b)(2).

2. Part 97 is amended to read as

follows:

§§ 97.23, 97.27, 97.33 97.35 [Amended]

By amending: § 97.23 VOR, VOR/

DME, VOR or TACAN, and VOR/DME

or TACAN; § 97.27 NDB, NDB/DME;

§ 97.33 RNAV SIAPS; and § 97.35

COPTER SIAPSs, identified as follows:

* * * Effective Aug. 15, 1996

Goshen, IN, Goshen Muni, VOR or GPS RWY

9, Amdt 11 CANCELLED

Goshen, IN, Goshen Muni, VOR RWY 9,

Amdt 11

Lovington, NM, Lea County-Zip Franklin

Memorial, RNAV or GPS RWY 3, Orig

CANCELLED

Lovington, NM, Lea County-Zip Franklin

Memorial, RNAV RWY 3, Orig

Riverton, WY, Riverton Regional, VOR or

GPS RWY 10, Amdt 8 CANCELLED

Riverton, WY, Riverton Regional, VOR RWY

10, Amdt 8

Riverton, WY, Riverton Regional, VOR or

GPS RWY 28, Amdt 8 CANCELLED

Riverton, WY, Riverton Regional, VOR RWY

28, Amdt 8.

[FR Doc. 96–17229 Filed 7–5–96; 8:45 am]

BILLING CODE 4910–13–M

14 CFR Part 97

[Docket No. 28614; Amdt. No. 1738]

RIN 2120–AA65

Standard Instrument Approach

Procedures; Miscellaneous

Amendments

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule.

SUMMARY: This amendment establishes,

amends, suspends, or revokes Standard

Instrument Approach Procedures

(SIAPs) for operations at certain

airports. These regulatory actions are

needed because of changes occurring in

the National Airspace System, such as

the commissioning of new navigational

facilities, addition of new obstacles, or

changes in air traffic requirements.

These changes are designed to provide

safe and efficient use of the navigable

airspace and to promote safe flight

operations under instrument flight rules

at the affected airports.