67074 Federal Register / Vol. 66, No. 249 / Friday, December 28, 2001 / Rules and Regulations

received, the direct final rule would

become final on the date noted above.

The NRC did not receive any comments

that warranted withdrawal of the direct

final rule. Therefore, this rule will

become effective as scheduled.

Dated at Rockville, Maryland, this 20th day

of December 2001.

For the Nuclear Regulatory Commission.

Michael T. Lesar,

Chief, Rules and Directives Branch, Division

of Administrative Services, Office of

Administration.

[FR Doc. 01–31923 Filed 12–27–01; 8:45 am]

BILLING CODE 7590–01–P

FEDERAL RESERVE SYSTEM

12 CFR Parts 208 and 225

[Regulations H and Y; Docket No. R–1055]

Risk–Based Capital Guidelines; Capital

Adequacy Guidelines; Capital

Maintenance; Capital Treatment of

Recourse, Direct Credit Substitutes

and Residual Interests in Asset

Securitizations

AGENCY: Board of Governors of the

Federal Reserve System

ACTION: Final rule; correction

SUMMARY: This document corrects the

Federal Reserve’s regulatory text of a

final rule published in the Federal

Register of November 29, 2001 (66 FR

59614), regarding the capital treatment

of recourse, direct credit substitutes,

and residual interests in asset

securitizations. This correction rectifies

errors made in Attachment II in

Appendix A, part 208 and Appendix A,

part 225.

DATES: This correction is effective

January 1, 2002.

FOR FURTHER INFORMATION CONTACT:

Thomas Boemio, 202–452–2982 or

Arleen Lustig, 202–452–2987.

SUPPLEMENTARY INFORMATION:

Correction:

In the final rule FR Doc. No. 01–

29179, beginning on 66 FR 59614 in the

issue of November 29, 2001, make the

following corrections.

PART 208—[CORRECTED]

1. In Appendix A to Part 208,

Attachment II, on page 59643:

A. In the column for Components, in

the fourth entry under Supplementary

Capital, replace the word ‘‘stocks’’ with

the word ‘‘stock.’’

B. In the column for Minimum

requirements, the fourth entry is revised

to read, ‘‘Banks should avoid using

minority interests to introduce elements

not otherwise qualifying for tier 1

capital.’’

C. In the column for Minimum

requirements, remove the eleventh entry

beginning with ‘‘As a general rule

***’’ in its entirety.

D. Remove footnote 3 following the

table.

PART 225—[CORRECTED]

2. In Appendix A to Part 225,

Attachment II, on page 59651:

A. In the column for Minimum

requirements, the second entry is

revised to read ‘‘Organizations should

avoid using minority interests to

introduce elements not otherwise

qualifying for tier 1 capital.’’

B. In the column for Minimum

requirements, in the eleventh entry of

the table, replace the word ‘‘banks’’ with

‘‘organizations.’’

By order of the Board of Governors of the

Federal Reserve System, December 20, 2001.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc. 01–31887 Filed 12–27–01; 8:45 am]

BILLING CODE 31887–22–S

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 2001–NE–40–AD; Amendment

39–12569; AD 2001–26–05]

RIN 2120–AA64

Airworthiness Directives; Hamilton

Sundstrand Model 247F Propellers

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Final rule; request for

comments.

SUMMARY: This amendment adopts a

new airworthiness directive (AD) that is

applicable to certain Hamilton

Sundstrand model 247F propellers. This

action requires a one-time rework of

certain model 247F propellers by

removing all four propeller blades from

service, replacing those blades with

serviceable propeller blades, and

marking the propeller with a new part

number. This amendment is prompted

by nine reports of the blades partially

slipping at the bond joint between the

blade tulip and the composite blade

airfoil interface. The actions specified in

this AD are intended to prevent the loss

of a propeller blade, which may result

in loss of airplane control.

DATES: Effective January 14, 2002. The

incorporation by reference of certain

publications listed in the rule is

approved by the Director of the Federal

Register as of January 14, 2002.

Comments for inclusion in the Rules

Docket must be received on or before

February 26, 2002.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), New England

Region, Office of the Regional Counsel,

Attention: Rules Docket No. 2001–NE–

40–AD, 12 New England Executive Park,

Burlington, MA 01803–5299. Comments

may be inspected at this location, by

appointment, between 8:00 a.m. and

4:30 p.m., Monday through Friday,

except Federal holidays. Comments may

also be sent via the Internet using the

following address: 9-aneadcomment@faa.gov. Comments sent

via the Internet must contain the docket

number in the subject line. The service

information referenced in this AD may

be obtained from Hamilton Sundstrand,

A United Technologies Company,

Publications Manager, Mail Stop 2AM–

EE50, One Hamilton Road, Windsor

Locks, CT 06096. This information may

be examined, by appointment, at the

FAA, New England Region, Office of the

Regional Counsel, 12 New England

Executive Park, Burlington, MA, or at

the Office of the Federal Register, 800

North Capitol Street, NW., suite 700,

Washington, DC.

FOR FURTHER INFORMATION CONTACT:

Frank Walsh, Aerospace Engineer,

Engine Certification Office, FAA, Engine

and Propeller Directorate, 12 New

England Executive Park, Burlington, MA

01803–5299; telephone (781) 238–7158,

fax (781) 238–7199.

SUPPLEMENTARY INFORMATION: The FAA

has received nine reports of blades

partially slipping at the bond joint

between the blade tulip and the

composite blade airfoil interface on

Hamilton Sundstrand model 247F

propellers, part numbers (P/N’s)

810610–1 and 815550–1. Investigation

reveals that this partial slippage is due

to debonding of that interface. This

amendment requires, within 30 days of

the effective date of this AD as a onetime action, reworking certain model

247F propellers by removing all four

existing propeller blades P/N’s

R810640–1, R810640–2, and R810640–3

from service, replacing those blades

with serviceable propeller blades, and

marking the propeller with a new part

number. To date, no blade has come free

from the hub. This condition, if not

corrected, could result in the loss of a

propeller blade, which may result in

loss of airplane control.

Federal Register / Vol. 66, No. 249 / Friday, December 28, 2001 / Rules and Regulations 67075

Manufacturer’s Service Information

The FAA has reviewed and approved

the technical contents of Hamilton

Sundstrand Service Bulletin (SB) 247F–

61–37, Revision 2, dated September 7,

2001 that describes procedures for

propeller blade replacement and

propeller marking.

Differences Between This AD and the

Manufacturer’s Service Information

Although Hamilton Sundstrand SB

247F–61–37, Revision 2, dated

September 7, 2001 mandates the

affected propeller blade population to

be removed from service by December

31, 2001, this amendment requires

propeller blade removal from service

within 30 days of the effective date of

this AD.

FAA’s Determination of an Unsafe

Condition and Required Actions

Since an unsafe condition has been

identified that is likely to exist or

develop on other Hamilton Sundstrand

model 247F propellers of the same type

design, this AD requires, within 30 days

of the effective date of this AD, as a onetime action, reworking certain model

247F propellers by removing all four

existing propeller blades from service,

replacing those blades with serviceable

propeller blades, and marking the

propeller with a new part number. The

actions are required to be done in

accordance with the service bulletin

described previously.

Immediate Adoption of This AD

Since a situation exists that requires

the immediate adoption of this

regulation, it is found that notice and

opportunity for prior public comment

hereon are impracticable, and that good

cause exists for making this amendment

effective in less than 30 days.

Comments Invited

Although this action is in the form of

a final rule that involves requirements

affecting flight safety and, thus, was not

preceded by notice and an opportunity

for public comment, comments are

invited on this rule. Interested persons

are invited to comment on this 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

under the caption ADDRESSES. All

communications received on or before

the closing date for comments will be

considered, and this rule may be

amended in light of the comments

received. Factual information that

supports the commenter’s ideas and

suggestions is extremely helpful in

evaluating the effectiveness of the AD

action and determining whether

additional rulemaking action would be

needed.

Comments are specifically invited on

the overall regulatory, economic,

environmental, and energy aspects of

the rule that might suggest a need to

modify the 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 AD

will be filed in the Rules Docket.

Commenters wishing the FAA to

acknowledge receipt of their comments

submitted in response to this action

must submit a self-addressed, stamped

postcard on which the following

statement is made: ‘‘Comments to

Docket Number 2001–NE–40–AD.’’ The

postcard will be date stamped and

returned to the commenter.

Regulatory Analysis

This final rule does not have

federalism implications, as defined in

Executive Order 13132, because it

would not have a substantial direct

effect 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.

Accordingly, the FAA has not consulted

with state authorities prior to

publication of this final rule.

The FAA has determined that this

regulation is an emergency regulation

that must be issued immediately to

correct an unsafe condition in aircraft,

and is not a ‘‘significant regulatory

action’’ under Executive Order 12866. It

has been determined further that this

action involves an emergency regulation

under DOT Regulatory Policies and

Procedures (44 FR 11034, February 26,

1979). If it is determined that this

emergency regulation otherwise would

be significant under DOT Regulatory

Policies and Procedures, a final

regulatory evaluation will be prepared

and placed in the Rules Docket. A copy

of it, if filed, may be obtained from the

Rules Docket at the location provided

under the caption ADDRESSES.

List of Subjects in 14 CFR Part 39

Air transportation, Aircraft, Aviation

safety, Incorporation by reference,

Safety.

Adoption of the Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration amends 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 U.S.C. 106(g), 40113, 44701.

§ 39.13 [Amended]

2. Section 39.13 is amended by

adding the following new airworthiness

directive:

2001–26–05 Hamilton Sundstrand Model

247F Propellers: Amendment 39–12569.

Docket No. 2001–NE–40–AD.

Applicability: This airworthiness directive

(AD) is applicable to Hamilton Sundstrand

model 247F propellers. These propellers are

installed on, but not limited to Aerospatiale

ATR–72 and Xian MA–60 airplanes.

Note 1: This AD applies to each propeller

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

propellers 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: Compliance with this AD is

required within 30 days of the effective date

of this AD, unless already done.

To prevent the loss of a propeller blade,

which may result in loss of airplane control,

do the following:

(a) Do the following in accordance with

paragraphs 3A. through 3C.(2), of the

Accomplishment Instructions, of Hamilton

Sundstrand Service Bulletin 247F–61–37,

Revision 2, dated September 7, 2001.

(1) Remove from service propeller blades

part numbers (P/N’s) R810640–1, R810640–2,

and R810640–3, within 30 days of the

effective date of this AD, and replace with

serviceable propeller blades.

(2) Mark propellers P/N 810610–1 as P/N

810610–2, and propellers P/N 815550–1 as P/

N 815550–2.

(b) After the effective date of this AD, do

not install any propeller blades P/N’s

R810640–1, R810640–2, and R810640–3 into

any propeller, and do not install any

propellers P/N’s 810610–1 and 815550–1

onto any airplane.

Alternative Methods of Compliance

(c) 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, Boston

Aircraft Certification Office (ACO). Operators

must submit their requests through an

appropriate FAA Principal Maintenance

Inspector, who may add comments and then

send it to the Manager, ACO.

67076 Federal Register / Vol. 66, No. 249 / Friday, December 28, 2001 / Rules and Regulations

1The Commission’s original Notice of Proposed

Rulemaking (NOPR), proposed to make three FERC

data collections, Forms 423, 714 and 715,

electronic. This Final Rule will require electronic

filing of the Form 423, but not yet change the

collection of the Forms 714 and 715. Comments

received in response to the NOPR indicated that

further consideration was warranted before

electronic filing of the Forms 714 and 715 is

ordered.

2Electronic Filing of FERC Form Nos. 423, 714

and 715, Notice of Proposed Rulemaking, 64 FR

60140 (Nov. 4, 1999), FERC Stats. & Regs. ¶ 32,546

(1999).

Note 2: Information concerning the

existence of approved alternative methods of

compliance with this airworthiness directive,

if any, may be obtained from the ACO.

Special Flight Permits

(d) 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 aircraft to

a location where the requirements of this AD

can be done.

Documents That Have Been Incorporated by

Reference

(e) The propeller blade replacement and

propeller marking must be done in

accordance with Hamilton Sundstrand

Service Bulletin 247F–61–37, Revision 2,

dated September 7, 2001. This incorporation

by reference was approved by the Director of

the Federal Register in accordance with 5

U.S.C. 552(a) and 1 CFR part 51. Copies may

be obtained from Hamilton Sundstrand, A

United Technologies Company, Publications

Manager, Mail Stop 2AM–EE50, One

Hamilton Road, Windsor Locks, CT 06096.

Copies may be inspected, by appointment, at

the FAA, New England Region, Office of the

Regional Counsel, 12 New England Executive

Park, Burlington, MA; or at the Office of the

Federal Register, 800 North Capitol Street,

NW., suite 700, Washington, DC.

Effective Date

(f) This amendment becomes effective on

January 14, 2002.

Issued in Burlington, Massachusetts, on

December 14, 2001.

Francis A. Favara,

Acting Manager, Engine and Propeller

Directorate, Aircraft Certification Service.

[FR Doc. 01–31328 Filed 12–27–01; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF ENERGY

Federal Energy Regulatory

Commission

18 CFR Parts 141 and 385

[Docket No. RM00–1–000; Order No. 622]

Electronic Filing of FERC Form No. 423

December 20, 2001.

AGENCY: Federal Energy Regulatory

Commission.

ACTION: Final rule.

SUMMARY: The Federal Energy

Regulatory Commission (Commission) is

amending its regulations under the

Federal Power Act (FPA) to provide for

the electronic filing of its Form No. 423

(Form 423). Commencing with the

January 2002 filing, due March 15, 2002,

only electronic filings will be accepted;

the paper filing requirement will be

eliminated. The Commission has

developed the capacity to accept such

filings electronically and has

extensively tested the software and

related elements of the electronic filing

mechanism. This automation of the

Form 423 yields significant benefits to

respondents, the Commission and to the

electric industry as a whole. These

benefits include more timely analysis

and publication of the data, increased

data analysis capability, reduced cost of

data entry and retrieval and an overall

reduction in filing burden.

EFFECTIVE DATE: This final rule is

effective January 28, 2002.

FOR FURTHER INFORMATION CONTACT:

Patricia W. Morris (Technical

Information), Office of Markets,

Tariffs and Rates, FERC, 888 First

Street, NE., Washington, DC 20426,

(202) 208–6990,

patricia.morris@ferc.fed.us

Bolton Pierce (Electronic System),

Office of Information Technology,

FERC, 888 First Street, NE.,

Washington, DC 20426, (202) 208–

1803, bolton.pierce@ferc.fed.us

S.L. Higginbottom (Legal Information),

Office of General Counsel, FERC, 888

First Street, NE., Washington, DC

20426, (202) 208–2168,

samuel.higginbottom@ferc.fed.us

SUPPLEMENTARY INFORMATION:

Federal Energy Regulatory Commission

Before Commissioners: Pat Wood, III,

Chairman; William L. Massey, Linda

Breathitt, and Nora Mead Brownell.

[Docket No. RM00–1–000]

Electronic Filing of FERC Form No. 423,

Order No. 622; Final Rule

I. Introduction

This Final Rule revises parts 141 and

385 of the Commission’s regulations to

require the electronic filing of its FERC

Form No. 423 ‘‘Monthly Report of Cost

and Quality of Fuels for Electric Plants’’

(Form 423).1 The electronic data to be

filed, commencing with reports for the

month of January 2002, due no later

than March 19, 2002, will replace the

nearly 1000 pages of Form 423

information presently filed with the

Commission in hard copy every month.

There will be no further requirement for

a hard copy Form 423 filing. The

Commission has throughly tested the

software and related elements of the

electronic filing mechanism and finds

that the methodology and mechanics of

the system are ready for industry-wide

electronic filing of Form 423.

II. Background

Form 423 information is collected

pursuant to sections 205 and 206 of the

Federal Power Act (FPA), as amended

by section 208 of the Public Utility

Regulatory Policies Act of 1978

(PURPA). The Commission collects

basic cost and quality of fuels data at

electric generating plants on the Form

423 and has used such data to conduct

fuel reviews, rate investigations and to

track market changes and trends. The

Commission’s Form 423 filing

requirements are found at 18 CFR

141.61

The Form 423 is a monthly

submission from approximately 200

electric utilities who sell electric power

under traditionally-regulated, cost-based

rates from approximately 500 power

plants.

III. Discussion

On October 28, 1999, the Commission

issued a Notice of Proposed Rulemaking

(NOPR) in Docket RM00–1–000,

proposing that the Form 423 be filed

electronically.2 Respondents to the

NOPR commended the efforts of the

Commission in reducing the burden by

providing for electronic submissions of

the Form 423. Any concerns voiced by

respondents to the NOPR now have

been addressed and resolved.

The Edison Electric Institute (EEI) was

‘‘concerned that the hasty

implementation of electronic filing may

not provide all the expected benefits

and may impose greater transition costs

than are necessary.’’ EEI, and also

Southern Companies, thus encouraged

the Commission to carefully test all

software for a minimum of one year

with a group of volunteer reporting

companies before electronic filing was

made compulsory, and to allow

electronic filing via the Internet. The

Commission has, in fact, done such

testing. Testing began with just a few

filers over a year ago. Gradually more

and more filers were added and the

Commission is now receiving over 25%

of each month’s Form 423 filings

electronically; many of those filing are

EEI members who volunteered to help

develop the system. (Each month

respondents update their previous

month’s data to reflect the current

reporting month; only changes to the

prior month’s data need be made.) In an