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Federal Register / Vol. 72, No.

96 / Friday, May 18, 2007 / Rules and Regulations 27951

■ 3. In § 301.64–3, paragraph (c) is amendments to appendix A are Final Amendments to Appendix A and
amended by adding, in alphabetical expected to take place in the second half Appendix B
order, under the heading ‘‘Texas,’’ an of 2007. The Reserve Banks announced in
entry for Webb County to read as 2004 that the check-processing
DATES: The final rule will become
follows: operations of the Nashville branch office
effective on July 21, 2007.
§ 301.64–3 Quarantined areas. of the Federal Reserve Bank of Atlanta
FOR FURTHER INFORMATION CONTACT: Jack would be transferred to the Atlanta
* * * * * K. Walton II, Associate Director (202/
(c) * * * Reserve Bank’s head office.2 The Board
452–2660), or Joseph P. Baressi, previously provided notice of the
TEXAS Financial Services Project Leader (202/ Reserve Banks’ delay, due to Hurricane
452–3959), Division of Reserve Bank Katrina and the concomitant transfer of
* * * * * Operations and Payment Systems; or
Webb County: That portion of Webb the New Orleans branch office’s check-
Adrianne G. Threatt, Counsel (202/452– processing operations to the Atlanta
County in the Laredo area bounded by 3554), Legal Division. For users of
a line as follows: Beginning at a point head office, of the transfer of the
Telecommunications Devices for the Nashville branch office’s check-
described as 27.573282° N. latitude and
Deaf (TDD) only, contact 202/263–4869. processing operations.3 The Reserve
¥99.517998° W. longitude on the Rio
Grande River, then east to a point SUPPLEMENTARY INFORMATION: Banks will proceed with the transfer of
described as 27.573524° N. latitude and the Nashville branch office’s check-
-99.454503° W. longitude, then south to Background processing operations to the Atlanta
a point described as 27.442772° N. Reserve Bank’s head office on July 21,
Regulation CC establishes the
latitude and ¥99.448625° W. longitude, 2007. To assist banks in identifying
maximum period a depositary bank may
then west to a point described as local and nonlocal checks and making
wait between receiving a deposit and funds availability decisions, the Board
27.442613° N. latitude and making the deposited funds available
¥99.495403° N. longitude on the Rio is amending in appendix A the list of
for withdrawal.1 A depositary bank routing symbols associated with the
Grande River, then north along the Rio generally must provide faster
Grande River to the point of beginning. Federal Reserve Bank of Atlanta to
availability for funds deposited by a reflect the transfer of check-processing
* * * * * ‘‘local check’’ than by a ‘‘nonlocal operations from the Atlanta Reserve
Done in Washington, DC, this 14th day of check.’’ A check drawn on a bank is Bank’s Nashville branch office to the
May 2007. considered local if it is payable by or at Reserve Bank’s head office in Atlanta. In
Kevin Shea, a bank located in the same Federal addition, because checks deposited in
Acting Administrator, Animal and Plant Reserve check processing region as the banks in the current Nashville check
Health Inspection Service. depositary bank. A check drawn on a processing region and drawn on banks
[FR Doc. E7–9577 Filed 5–17–07; 8:45 am] nonbank is considered local if it is in the Atlanta check processing region
BILLING CODE 3410–34–P payable through a bank located in the will become local checks as a result of
same Federal Reserve check processing these changes, the provisions of
region as the depositary bank. Checks appendix B relating to these checks no
FEDERAL RESERVE SYSTEM that do not meet the requirements for longer will be necessary. Accordingly,
‘‘local’’ checks are considered the Board also is amending appendix B
12 CFR Part 229 ‘‘nonlocal.’’ to delete the reference to the Nashville
[Regulation CC; Docket No. R–1287] Appendix A to Regulation CC branch office. To coincide with the
contains a routing number guide that effective date of the underlying check
Availability of Funds and Collection of assists banks in identifying local and processing changes, the amendments to
Checks nonlocal banks and thereby determining appendix A and appendix B are
the maximum permissible hold periods effective July 21, 2007. The Board is
AGENCY: Board of Governors of the for most deposited checks. The providing notice of the amendments at
Federal Reserve System. appendix includes a list of each Federal this time to give affected banks ample
ACTION: Final rule; technical Reserve check processing office and the time to make any needed processing
amendment. first four digits of the routing number, changes. Early notice also will enable
known as the Federal Reserve routing affected banks to amend their
SUMMARY: The Board of Governors is availability schedules and related
symbol, of each bank that is served by
amending appendix A of Regulation CC that office for check processing disclosures if necessary and provide
to delete the reference to the Nashville purposes. Banks whose Federal Reserve their customers with notice of these
branch office of the Federal Reserve routing symbols are grouped under the changes.4
Bank of Atlanta and reassign the Federal same office are in the same check
Reserve routing symbols currently listed Information About Future Changes to
processing region and thus are local to Appendix A
under that office to the head office of one another. Appendix B to Regulation
the Federal Reserve Bank of Atlanta and As the Federal Reserve Banks
CC reduces the generally permissible
is amending appendix B of Regulation announced on May 31, 2006,5 in
hold times for nonlocal check deposits
CC to delete the reference to the
collected between certain check
Nashville branch office. The Board also 2 See 69 FR 57837, September 28, 2004.
processing regions from 5 days to 3 days
is providing advance notice about future 3 See 70 FR 74998, December 19, 2005.
due to generally faster collection times
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amendments to appendix A in 4 Section 229.18(e) of Regulation CC requires that


between these regions.
connection with the next phase of the banks notify account holders who are consumers
Reserve Banks’ restructuring of the within 30 days after implementing a change that
1 For purposes of Regulation CC, the term ‘‘bank’’ improves the availability of funds.
check processing operations within the refers to any depository institution, including 5 The Reserve Banks’ press release is available at
Federal Reserve System. This future commercial banks, savings institutions, and credit http://www.federalreserve.gov/boarddocs/press/
restructuring and the associated unions. other/2006/20060531/default.htm.

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27952 Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Rules and Regulations

response to the continued nationwide 1240 3240 List of Subjects in 12 CFR Part 229
decline in check usage and to position 1241 3241
themselves more effectively to meet the 1242 3242 Banks, Banking, Reporting and
cost recovery requirements of the 1243 3243 recordkeeping requirements.
Monetary Control Act of 1980, the 2. Los Angeles Authority and Issuance
Reserve Banks have decided to reduce The operations of the San Francisco
further the number of locations at which head office will be transferred such that ■ For the reasons set forth in the
they process checks. The Reserve Banks banks with the following Federal preamble, the Board is amending 12
plan to stop processing checks at two Reserve routing symbols will be local to CFR part 229 to read as follows:
offices, and the checks currently the Los Angeles branch office:
processed at those offices will be PART 229—AVAILABILITY OF FUNDS
1210 3210
processed at other offices, as follows: 1211 3211 AND COLLECTION OF CHECKS
1212 3212 (REGULATION CC)
Branches and offices 1213 3213
Branches and offices to which check proc- 1220 3220 ■ 1. The authority citation for part 229
that no longer will essing will be trans-
process checks: ferred: 1221 3221 continues to read as follows:
1222 3222
1223 3223 Authority: 12 U.S.C. 4001–4010, 12 U.S.C.
Helena, MT ............... Denver, CO. 5001–5018.
San Francisco, CA .... Los Angeles, CA. 1224 3224
The Federal Reserve routing symbols ■ 2. The Sixth District routing symbol
These restructurings of Reserve Bank assigned to all other Federal Reserve list in appendix A is revised to read as
check processing operations are branches and offices will remain the follows:
expected to take place in the second half same through the end of 2007.
of 2007 and will reduce the number of Appendix A to Part 229—Routing
Administrative Procedure Act
check processing regions from 21 to 19. Number Guide to Next-Day Availability
The Board will amend appendix A in The Board has not followed the Checks and Local Checks
connection with each stage of the provisions of 5 U.S.C. 553(b) relating to
notice and public participation in * * * * *
restructuring to delete the name of the
office that will no longer process checks connection with the adoption of the Sixth Federal Reserve District
and transfer the affected Federal Reserve final rule. The revisions to appendix A [Federal Reserve Bank of Atlanta]
routing symbols to another check and appendix B are technical in nature
and are required by the statutory and Head Office
processing office. The Board intends to
provide notice of each stage of the regulatory definitions of ‘‘check- 0610 2610
restructuring and the associated processing region.’’ Because there is no 0611 2611
amendments to appendix A at least 60 substantive change on which to seek 0612 2612
days prior to the effective date of the public input, the Board has determined 0613 2613
amendment in order to give affected that the § 553(b) notice and comment 0620 2620
procedures are unnecessary. 0621 2621
banks ample time to make processing
0622 2622
changes and, if necessary, amend their Paperwork Reduction Act 0640 2640
availability schedules and related
In accordance with the Paperwork 0641 2641
disclosures and provide their customers Reduction Act of 1995 (44 U.S.C. 3506; 0642 2642
with notice of any changes to their 5 CFR 1320 Appendix A.1), the Board 0650 2650
availability schedules. has reviewed the final rule under 0651 2651
Some affected banks might prefer to authority delegated to the Board by the 0652 2652
make or to plan for some or all of their Office of Management and Budget. The 0653 2653
processing and availability changes technical amendment to appendix A of 0654 2654
prior to the effective dates of the Regulation CC will delete the reference 0655 2655
relevant amendments. For the to the Nashville branch office of the
information and planning needs of Jacksonville Branch
Federal Reserve Bank of Atlanta and 0630 2630
affected banks, the Board today is reassign the routing symbols listed
describing below the Federal Reserve 0631 2631
under that office to the head office of 0632 2632
routing symbol changes to appendix A the Federal Reserve Bank of Atlanta.
that will be made over the second half 0660 2660
The technical amendment to appendix 0670 2670
of 2007. B of Regulation CC will delete the
1. Denver reference to the Nashville branch office. * * * * *
The operations of the Helena branch The depository institutions that are ■ 3. Appendix B is revised to read as
office will be transferred such that located in the affected check processing follows:
banks with the following Federal regions and that include the routing
numbers in their disclosure statements Appendix B to Part 229—Reduction of
Reserve routing symbols will be local to Schedules for Certain Nonlocal Checks
the Denver branch office: would be required to notify customers
of the resulting change in availability A depositary bank that is located in the
0920 2920
under § 229.18(e). However, all following check processing territories shall
0921 2921
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0929 2929 paperwork collection procedures make funds deposited in an account by a


1020 3020 associated with Regulation CC already nonlocal check described below available for
1021 3021 are in place, and the Board accordingly withdrawal not later than the number of
1022 3022 anticipates that no additional burden business days following the banking day on
1023 3023 will be imposed as a result of this which funds are deposited, as specified
1070 3070 rulemaking. below.

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Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Rules and Regulations 27953

Number of busi- FOR FURTHER INFORMATION CONTACT: Conclusion


ness days fol- Taylor Martin, Aerospace Engineer, We reviewed the available data and
Federal Reserve Office lowing the bank- FAA, Small Airplane Directorate, 901
ing day funds are determined that air safety and the
deposited Locust, Room 301, Kansas City, public interest require adopting the AD
Missouri 64106; telephone: (816) 329– as proposed.
Utica: 4138; fax: (816) 329–4090.
0210, 0280 .................... 3 Differences Between This AD and the
SUPPLEMENTARY INFORMATION:
Kansas City: MCAI or Service Information
0865, 2865 .................... 3 Streamlined Issuance of AD We have reviewed the MCAI and
The FAA is implementing a new related service information and, in
By order of the Board of Governors of the process for streamlining the issuance of general, agree with their substance. But
Federal Reserve System, acting through the ADs related to MCAI. The streamlined we might have found it necessary to use
Secretary of the Board under delegated different words from those in the MCAI
authority, May 14, 2007.
process will allow us to adopt MCAI
safety requirements in a more efficient to ensure the AD is clear for U.S.
Jennifer J. Johnson, operators and is enforceable. In making
manner and will reduce safety risks to
Secretary of the Board. the public. This process continues to these changes, we do not intend to differ
[FR Doc. E7–9558 Filed 5–17–07; 8:45 am] follow all FAA AD issuance processes to substantively from the information
BILLING CODE 6210–01–P meet legal, economic, Administrative provided in the MCAI and related
Procedure Act, and Federal Register service information.
We might also have required different
requirements. We also continue to meet
DEPARTMENT OF TRANSPORTATION actions in this AD from those in the
our technical decision-making
MCAI in order to follow FAA policies.
responsibilities to identify and correct
Federal Aviation Administration Any such differences are highlighted in
unsafe conditions on U.S.-certificated
a NOTE within the AD.
products.
14 CFR Part 39 This AD references the MCAI and Costs of Compliance
[Docket No. FAA–2006–26284; Directorate related service information that we We estimate that this AD will affect
Identifier 2006–CE–68–AD; Amendment 39– considered in forming the engineering 20 products of U.S. registry. We also
15057; AD 2007–10–16] basis to correct the unsafe condition. estimate that it will take about 1 work-
RIN 2120–AA64 The AD contains text copied from the hour per product to comply with basic
MCAI and for this reason might not requirements of this AD (inserting the
Airworthiness Directives; British follow our plain language principles. document into the Airworthiness
Aerospace Regional Aircraft Jetstream Limitations section of the Instructions
Discussion
Model 3201 Airplanes for Continued Airworthiness or other
We issued a notice of proposed FAA-approved maintenance document).
AGENCY: Federal Aviation
rulemaking (NPRM) to amend 14 CFR The average labor rate is $80 per work-
Administration (FAA), Department of
part 39 to include an AD that would hour. Based on these figures, we
Transportation (DOT).
apply to the specified products. That estimate the cost of this AD on U.S.
ACTION: Final rule. NPRM was published in the Federal operators to be $1,600, or $80 per
SUMMARY: We are adopting a new Register on March 13, 2007 (72 FR product.
airworthiness directive (AD) for the 11300). That NPRM proposed to correct We have no way of determining the
products listed above. This AD results an unsafe condition for the specified costs associated with having to replace
from mandatory continuing products. The MCAI states: certain parts at an earlier time due to
airworthiness information (MCAI) The Airworthiness Limitations Section of reduced life limits.
issued by an aviation authority of the Aircraft Maintenance Manual (AMM) Authority for This Rulemaking
another country to identify and correct applicable to the British Aerospace Jetstream
3200 has been revised. Some lives have been Title 49 of the United States Code
an unsafe condition on an aviation specifies the FAA’s authority to issue
amended and new lives introduced.
product. The MCAI describes the unsafe rules on aviation safety. Subtitle I,
Compliance with these requirements is
condition as: necessary to maintain airworthiness. section 106, describes the authority of
The Airworthiness Limitations Section of From the effective date of this the FAA Administrator. ‘‘Subtitle VII:
the Aircraft Maintenance Manual (AMM) Airworthiness Directive (AD), comply with Aviation Programs,’’ describes in more
applicable to the British Aerospace Jetstream the requirements of BAE Jetstream Series detail the scope of the Agency’s
3200 has been revised. Some lives have been 3200 Aircraft Maintenance Manual, Chapter
authority.
amended and new lives introduced. 05–10–05, Airworthiness Limitations
We are issuing this rulemaking under
Compliance with these requirements is Description and Operation Section*,
necessary to maintain airworthiness. Revision 14 or later EASA approved revision. the authority described in ‘‘Subtitle VII,
Part A, Subpart III, section 44701:
We are issuing this AD to require *Only the structural fatigue tasks are
mandated by this AD, the following tasks are General requirements.’’ Under that
actions to correct the unsafe condition section, Congress charges the FAA with
not addressed by this AD: All the tasks
on these products. promoting safe flight of civil aircraft in
recorded in Tables 2, 4, 5 and 8. Together
DATES: This AD becomes effective June with the Table No 3—task 27–70–000 Gust air commerce by prescribing regulations
22, 2007. lock system. for practices, methods, and procedures
ADDRESSES: You may examine the AD the Administrator finds necessary for
Comments
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docket on the Internet at http:// safety in air commerce. This regulation


dms.dot.gov or in person at the Docket We gave the public the opportunity to is within the scope of that authority
Management Facility, U.S. Department participate in developing this AD. We because it addresses an unsafe condition
of Transportation, 400 Seventh Street, received no comments on the NPRM or that is likely to exist or develop on
SW., Nassif Building, Room PL–401, on the determination of the cost to the products identified in this rulemaking
Washington, DC. public. action.

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