80 FR 65612 - Removal of Transferred OTS Regulations Regarding Electronic Operations
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 80, Issue 207 (October 27, 2015)
Federal Register Volume 80, Issue 207 (October 27, 2015)
| Page Range | 65612-65614 | |
| FR Document | 2015-27292 |
[Federal Register Volume 80, Number 207 (Tuesday, October 27, 2015)] [Rules and Regulations] [Pages 65612-65614] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-27292] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 390 RIN 3064-AE19 Removal of Transferred OTS Regulations Regarding Electronic Operations AGENCY: Federal Deposit Insurance Corporation. ACTION: Final rule. ----------------------------------------------------------------------- SUMMARY: The Federal Deposit Insurance Corporation (``FDIC'') is adopting a final rule to rescind and remove from the Code of Federal Regulations the transferred regulation entitled ``Electronic Operations.'' This regulation was included in the regulations that were transferred to the FDIC from the Office of Thrift Supervision (``OTS'') on July 21, 2011, in connection with the implementation of applicable provisions of title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act''). There is no corresponding FDIC Electronic Operations rule and the rule is deemed obsolete, unnecessary, and burdensome. Therefore, the FDIC has decided to rescind and remove the regulation in its entirety. DATES: The final rule is effective on November 27, 2015. FOR FURTHER INFORMATION CONTACT: Jennifer Maree, Legal Division, (202) 898-6543; Frederick Coleman, Division of Risk Management Supervision, (703) 254-0452. SUPPLEMENTARY INFORMATION: I. Background A. The Dodd-Frank Act Title III of the Dodd-Frank Act \1\ provided for a substantial reorganization of the regulation of State and Federal savings associations and their holding companies. Beginning July 21, 2011, the transfer date established by section 311 of the Dodd-Frank Act, codified at 12 U.S.C. 5411, the powers, duties, and functions formerly performed by the OTS were divided among the FDIC, as to State savings associations, the Office of the Comptroller of the Currency (``OCC''), as to Federal savings associations, and the Board of Governors of the Federal Reserve System (``FRB''), as to savings and loan holding companies. Section 316(b) of the Dodd-Frank Act, codified at 12 U.S.C. 5414(b), provides the manner of treatment for all orders, resolutions, determinations, regulations, and advisory materials that had been issued, made, prescribed, or allowed to become effective by the OTS. The section provides that if such materials were in effect on the day before the transfer date, they continue to be in effect and are enforceable by or against the appropriate successor agency until they are modified, terminated, set aside, or superseded in accordance with applicable law by such successor agency, by any court of competent jurisdiction, or by operation of law. --------------------------------------------------------------------------- \1\ Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376 (2010). --------------------------------------------------------------------------- Section 316(c) of the Dodd-Frank Act, codified at 12 U.S.C. 5414(c), further directed the FDIC and the OCC to consult with one another and to publish a list of the continued OTS regulations which would be enforced by the FDIC and the OCC, respectively. On June 14, 2011, the FDIC's Board of Directors approved a ``List of OTS Regulations to be Enforced by the OCC and the FDIC Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.'' This list was published by the FDIC and the OCC as a Joint Notice in the Federal Register on July 6, 2011.\2\ --------------------------------------------------------------------------- \2\ 76 FR 39247 (July 6, 2011). --------------------------------------------------------------------------- Although section 312(b)(2)(B)(i)(II) of the Dodd-Frank Act, codified at 12 U.S.C. 5412(b)(2)(B)(i)(II), granted the OCC rulemaking authority relating to both State and Federal savings associations, nothing in the Dodd-Frank Act affected the FDIC's existing authority to issue regulations under the Federal Deposit Insurance Act (``FDI Act'') and other laws as the ``appropriate Federal banking agency'' or under similar statutory terminology. Section 312(c) of the Dodd-Frank Act amended the definition of ``appropriate Federal banking agency'' contained in section 3(q) of the FDI Act, 12 U.S.C. 1813(q), to add State savings associations to the list of entities for which the FDIC is designated as the ``appropriate Federal banking agency.'' As a result, when the FDIC acts as the designated ``appropriate Federal banking agency'' (or under similar terminology) for State savings associations, as it does here, the FDIC is authorized to issue, modify and rescind regulations involving such associations, as well as for State nonmember banks and insured branches of foreign banks. As noted, on June 14, 2011, pursuant to this authority, the FDIC's Board of Directors reissued and redesignated certain transferring OTS regulations. These transferred OTS regulations were published as new FDIC regulations in the Federal Register on August 5, 2011.\3\ When it republished the transferred OTS regulations as new FDIC regulations, the FDIC specifically noted that its staff would evaluate the transferred OTS rules and might later recommend incorporating the transferred OTS regulations into other FDIC rules, amending them, or rescinding them, as appropriate. --------------------------------------------------------------------------- \3\ 76 FR 47652 (Aug. 5, 2011). --------------------------------------------------------------------------- One of the OTS rules transferred to the FDIC requires State savings associations to notify the FDIC at least 30 days before establishing a transactional Web site. The OTS rule, formerly found at 12 CFR part 555, subpart B (``part 555, subpart B''), was transferred to the FDIC with only technical changes and is now found in the FDIC's rules at 12 CFR part 390, subpart L (``part 390, subpart L''), entitled ``Electronic Operations.'' The FDIC has no such corresponding rule. After careful review of part 390, subpart L, the FDIC has decided to rescind part 390, subpart L, in its entirety, because, as discussed below, it is obsolete, unnecessary, and burdensome. II. Proposed Rule A. Removal of Part 390, Subpart L (Former OTS Part 555, Subpart B) On July 21, 2014, the FDIC published a Notice of Proposed Rulemaking (``Proposed Rule'') regarding the removal of part 390, subpart L, which governs electronic operations of State savings associations.\4\ The Proposed Rule would have removed part 390, subpart L, from the CFR in an effort to streamline FDIC regulations for all FDIC-supervised institutions. As discussed in the Proposed Rule, the FDIC carefully reviewed the transferred rule, part 390, subpart L, and determined that it should be rescinded because it is obsolete, unnecessary, and burdensome. --------------------------------------------------------------------------- \4\ 79 FR 42231 (July 21, 2014). --------------------------------------------------------------------------- III. Comments The FDIC issued the Proposed Rule with a 60-day comment period, which closed on September 19, 2014. No comments on the Proposed Rule were received by the FDIC. Consequently, the final rule (``Final Rule'') is adopted as proposed without any changes. IV. Explanation of the Final Rule As discussed in the Proposed Rule, the OTS enacted the Electronic Operations rule, part 390, subpart L, [[Page 65613]] unilaterally. This rule required savings associations to file a written notice with the OTS at least 30 days before establishing a transactional Web site. Neither the FDIC, the OCC, nor the FRB has a regulatory notice requirement similar to the Electronic Operations rule that requires insured depository institutions to notify the respective agency if they intend to establish transactional Web sites. Rescinding and removing the Electronic Operations rule will serve to streamline the FDIC's rules and eliminate obsolete, unnecessary, and burdensome regulations. It will also facilitate uniform supervision regarding notification requirements for electronic operation for all FDIC- supervised insured depository institutions. Accordingly, the Final Rule removes and rescinds part 390, subpart L, in its entirety. V. Administrative Law Matters A. The Paperwork Reduction Act In accordance with the requirements of the Paperwork Reduction Act (``PRA'') of 1995, 44 U.S.C. 3501-3521, the FDIC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (``OMB'') control number. The Final Rule rescinds and removes from FDIC regulations part 390, subpart L, because it is obsolete, unnecessary, and burdensome. This rule was transferred with only nominal changes to the FDIC from the OTS when the OTS was abolished by title III of the Dodd-Frank Act. In republishing this rule, the FDIC made only technical changes to existing OTS regulations. The FDIC does not have a regulatory notice requirement similar to the Electronic Operations rule that requires insured depository institutions to notify the FDIC if they intend to set up transactional Web sites and, therefore, never established an information collection to account for the paperwork burden imposed on the public. The Final Rule will neither create any new information collection nor modify any of the FDIC's existing information collections. Accordingly, the FDIC will not submit any information collection request to OMB. B. The Regulatory Flexibility Act The Regulatory Flexibility Act (``RFA''),\5\ generally requires an agency to consider whether a final rule will have a significant economic impact on a substantial number of small entities (defined in regulations promulgated by the Small Business Administration to include banking organizations with total assets of less than or equal to $500 million).\6\ Pursuant to section 605(b) of the RFA, a final regulatory flexibility analysis is not required if the agency certifies that the rule will not have a significant economic impact on a substantial number of small entities, and publishes its certification and a short explanatory statement in the Federal Register together with the rule. For the reasons provided below, the FDIC certifies that the Final Rule will not have a significant economic impact on a substantial number of small entities. Accordingly, a regulatory flexibility analysis is not required. --------------------------------------------------------------------------- \5\ 5 U.S.C. 601 et seq. \6\ 78 FR 37409, 37411 (June 20, 2013). --------------------------------------------------------------------------- As discussed in the Proposed Rulemaking, part 390, subpart L, was transferred from part 555, subpart B, which governed notification provisions for savings associations that intended to establish transactional Web sites. Part 555, subpart B became effective on January 1, 1999, and all savings associations were required to comply with it. The FDIC's Final Rule rescinds and removes part 390, subpart L, because it is obsolete, unnecessary, and burdensome. Since the Electronic Operations rule is being rescinded, the Final Rule will reduce the paperwork and other regulatory burdens on State savings associations by eliminating the requirement to provide the FDIC with notice before establishing a transactional Web site. Therefore, the Final Rule will have no significant economic impact on any State savings association. C. Small Business Regulatory Enforcement Fairness Act The Office of Management and Budget has determined that the Final Rule is not a ``major rule'' within the meaning of the Small Business Regulatory Enforcement Fairness Act of 1996 (``SBREFA''), 5 U.S.C. 801 et seq. D. Plain Language Section 722 of the Gramm-Leach-Bliley Act, 12 U.S.C. 4809, requires each Federal banking agency to use plain language in all of its proposed and final rules published after January 1, 2000. In the Proposed Rule, the FDIC invited comments on whether the Proposed Rule was clearly stated and effectively organized, and how the FDIC might make it easier to understand. Although the FDIC did not receive any comments, the FDIC sought to present the Final Rule in a simple and straightforward manner. E. The Economic Growth and Regulatory Paperwork Reduction Act Under section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (``EGRPRA''), the FDIC is required to review all of its regulations, at least once every 10 years, in order to identify any outdated or otherwise unnecessary regulations imposed on insured institutions.\7\ The FDIC completed the last comprehensive review of its regulations under EGRPRA in 2006 and is commencing the next decennial review, which is expected to be completed by 2016. The Proposed Rule solicited comments on whether the proposed rescission of part 390, subpart L would impose any outdated or unnecessary regulatory requirements on insured depository institutions. No comments on this issue were received. Upon review, the FDIC does not believe that rescinding part 390, subpart L, imposes any outdated or unnecessary regulatory requirements on any insured depository institutions. Rather, because the Electronic Operations rule is being rescinded, the Final Rule eliminates an outdated and unnecessary regulatory burden on State savings associations by eliminating the requirement to provide the FDIC with notice before establishing a transactional Web site. --------------------------------------------------------------------------- \7\ Public Law 104-208, 110 Stat. 3009 (1996). --------------------------------------------------------------------------- List of Subjects in 12 CFR Part 390 Banks, banking; electronic operations; savings associations. Authority and Issuance For the reasons stated in the preamble, the Board of Directors of the FDIC amends 12 CFR part 390 of the Code of Federal Regulations as follows: PART 390--REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION 0 1. The authority citation for part 390 is revised to read as follows: Authority: 12 U.S.C. 1819. Subpart A also issued under 12 U.S.C. 1820. Subpart B also issued under 12 U.S.C. 1818. Subpart C also issued under 5 U.S.C. 504; 554-557; 12 U.S.C. 1464; 1467; 1468; 1817; 1818; 1820; 1829; 3349, 4717; 15 U.S.C. 78 l; 78o-5; 78u-2; 28 U.S.C. 2461 note; 31 U.S.C. 5321; 42 U.S.C. 4012a. Subpart D also issued under 12 U.S.C. 1817; 1818; 1820; 15 U.S.C. 78 l. Subpart E also issued under 12 U.S.C. 1813; 1831m; 15 U.S.C. 78. Subpart F also issued under 5 U.S.C. 552; 559; 12 U.S.C. 2901 et seq. [[Page 65614]] Subpart G also issued under 12 U.S.C. 2810 et seq., 2901 et seq.; 15 U.S.C. 1691; 42 U.S.C. 1981, 1982, 3601-3619. Subpart H also issued under 12 U.S.C. 1464; 1831y. Subpart I also issued under 12 U.S.C. 1831x. Subpart J also issued under 12 U.S.C. 1831p-1. Subpart M also issued under 12 U.S.C. 1818. Subpart N also issued under 12 U.S.C. 1821. Subpart O also issued under 12 U.S.C. 1828. Subpart P also issued under 12 U.S.C. 1470; 1831e; 1831n; 1831p- 1; 3339. Subpart Q also issued under 12 U.S.C. 1462; 1462a; 1463; 1464. Subpart R also issued under 12 U.S.C. 1463; 1464; 1831m; 1831n; 1831p-1. Subpart S also issued under 12 U.S.C. 1462; 1462a; 1463; 1464; 1468a; 1817; 1820; 1828; 1831e; 1831o; 1831p-1; 1881-1884; 3207; 3339; 15 U.S.C. 78b; 78 l; 78m; 78n; 78p; 78q; 78w; 31 U.S.C. 5318; 42 U.S.C. 4106. Subpart T also issued under 12 U.S.C. 1462a; 1463; 1464; 15 U.S.C. 78c; 78 l; 78m; 78n; 78w. Subpart U also issued under 12 U.S.C. 1462a; 1463; 1464; 15 U.S.C. 78c; 78 l; 78m; 78n; 78p; 78w; 78d-1; 7241; 7242; 7243; 7244; 7261; 7264; 7265. Subpart V also issued under 12 U.S.C. 3201-3208. Subpart W also issued under 12 U.S.C. 1462a; 1463; 1464; 15 U.S.C. 78c; 78 l; 78m; 78n; 78p; 78w. Subpart X also issued under 12 U.S.C. 1462; 1462a; 1463; 1464; 1828; 3331 et seq. Subpart Y also issued under 12 U.S.C. 1831o. Subpart Z also issued under 12 U.S.C. 1462; 1462a; 1463; 1464; 1828 (note). Subpart L--[Removed and Reserved] 0 2. Remove and reserve subpart L, consisting of Sec. Sec. 390.220 through 390.222. Dated at Washington, DC, this 22nd day of October, 2015. By order of the Board of Directors. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015-27292 Filed 10-26-15; 8:45 am] BILLING CODE 6714-01-P
![65612 Federal Register / Vol. 80, No. 207 / Tuesday, October 27, 2015 / Rules and Regulations
CFR 591.205 not located within another associations, and the Board of Directors reissued and redesignated
locality pay area. Governors of the Federal Reserve certain transferring OTS regulations.
[FR Doc. 2015–27380 Filed 10–26–15; 8:45 am] System (‘‘FRB’’), as to savings and loan These transferred OTS regulations were
BILLING CODE 6325–39–P
holding companies. Section 316(b) of published as new FDIC regulations in
the Dodd-Frank Act, codified at 12 the Federal Register on August 5, 2011.3
U.S.C. 5414(b), provides the manner of When it republished the transferred
treatment for all orders, resolutions, OTS regulations as new FDIC
FEDERAL DEPOSIT INSURANCE
determinations, regulations, and regulations, the FDIC specifically noted
CORPORATION
advisory materials that had been issued, that its staff would evaluate the
12 CFR Part 390 made, prescribed, or allowed to become transferred OTS rules and might later
effective by the OTS. The section recommend incorporating the
RIN 3064–AE19 provides that if such materials were in transferred OTS regulations into other
effect on the day before the transfer FDIC rules, amending them, or
Removal of Transferred OTS date, they continue to be in effect and rescinding them, as appropriate.
Regulations Regarding Electronic are enforceable by or against the One of the OTS rules transferred to
Operations appropriate successor agency until they the FDIC requires State savings
AGENCY: Federal Deposit Insurance are modified, terminated, set aside, or associations to notify the FDIC at least
Corporation. superseded in accordance with 30 days before establishing a
ACTION: Final rule. applicable law by such successor transactional Web site. The OTS rule,
agency, by any court of competent formerly found at 12 CFR part 555,
SUMMARY: The Federal Deposit jurisdiction, or by operation of law. subpart B (‘‘part 555, subpart B’’), was
Insurance Corporation (‘‘FDIC’’) is Section 316(c) of the Dodd-Frank Act, transferred to the FDIC with only
adopting a final rule to rescind and codified at 12 U.S.C. 5414(c), further technical changes and is now found in
remove from the Code of Federal directed the FDIC and the OCC to the FDIC’s rules at 12 CFR part 390,
Regulations the transferred regulation consult with one another and to publish subpart L (‘‘part 390, subpart L’’),
entitled ‘‘Electronic Operations.’’ This a list of the continued OTS regulations entitled ‘‘Electronic Operations.’’ The
regulation was included in the which would be enforced by the FDIC FDIC has no such corresponding rule.
regulations that were transferred to the and the OCC, respectively. On June 14, After careful review of part 390, subpart
FDIC from the Office of Thrift 2011, the FDIC’s Board of Directors L, the FDIC has decided to rescind part
Supervision (‘‘OTS’’) on July 21, 2011, approved a ‘‘List of OTS Regulations to 390, subpart L, in its entirety, because,
in connection with the implementation be Enforced by the OCC and the FDIC as discussed below, it is obsolete,
of applicable provisions of title III of the Pursuant to the Dodd-Frank Wall Street unnecessary, and burdensome.
Dodd-Frank Wall Street Reform and Reform and Consumer Protection Act.’’
II. Proposed Rule
Consumer Protection Act (‘‘Dodd-Frank This list was published by the FDIC and
Act’’). There is no corresponding FDIC the OCC as a Joint Notice in the Federal A. Removal of Part 390, Subpart L
Electronic Operations rule and the rule Register on July 6, 2011.2 (Former OTS Part 555, Subpart B)
is deemed obsolete, unnecessary, and Although section 312(b)(2)(B)(i)(II) of On July 21, 2014, the FDIC published
burdensome. Therefore, the FDIC has the Dodd-Frank Act, codified at 12 a Notice of Proposed Rulemaking
decided to rescind and remove the U.S.C. 5412(b)(2)(B)(i)(II), granted the (‘‘Proposed Rule’’) regarding the
regulation in its entirety. OCC rulemaking authority relating to removal of part 390, subpart L, which
both State and Federal savings governs electronic operations of State
DATES: The final rule is effective on
associations, nothing in the Dodd-Frank savings associations.4 The Proposed
November 27, 2015.
Act affected the FDIC’s existing Rule would have removed part 390,
FOR FURTHER INFORMATION CONTACT: authority to issue regulations under the
Jennifer Maree, Legal Division, (202) subpart L, from the CFR in an effort to
Federal Deposit Insurance Act (‘‘FDI streamline FDIC regulations for all
898–6543; Frederick Coleman, Division Act’’) and other laws as the ‘‘appropriate
of Risk Management Supervision, (703) FDIC-supervised institutions. As
Federal banking agency’’ or under discussed in the Proposed Rule, the
254–0452. similar statutory terminology. Section FDIC carefully reviewed the transferred
SUPPLEMENTARY INFORMATION: 312(c) of the Dodd-Frank Act amended rule, part 390, subpart L, and
I. Background the definition of ‘‘appropriate Federal determined that it should be rescinded
banking agency’’ contained in section because it is obsolete, unnecessary, and
A. The Dodd-Frank Act 3(q) of the FDI Act, 12 U.S.C. 1813(q), burdensome.
Title III of the Dodd-Frank Act 1 to add State savings associations to the
provided for a substantial reorganization list of entities for which the FDIC is III. Comments
of the regulation of State and Federal designated as the ‘‘appropriate Federal The FDIC issued the Proposed Rule
savings associations and their holding banking agency.’’ As a result, when the with a 60-day comment period, which
companies. Beginning July 21, 2011, the FDIC acts as the designated closed on September 19, 2014. No
transfer date established by section 311 ‘‘appropriate Federal banking agency’’ comments on the Proposed Rule were
of the Dodd-Frank Act, codified at 12 (or under similar terminology) for State received by the FDIC. Consequently, the
U.S.C. 5411, the powers, duties, and savings associations, as it does here, the final rule (‘‘Final Rule’’) is adopted as
functions formerly performed by the FDIC is authorized to issue, modify and proposed without any changes.
OTS were divided among the FDIC, as rescind regulations involving such
associations, as well as for State IV. Explanation of the Final Rule
tkelley on DSK3SPTVN1PROD with RULES
to State savings associations, the Office
of the Comptroller of the Currency nonmember banks and insured branches As discussed in the Proposed Rule,
(‘‘OCC’’), as to Federal savings of foreign banks. the OTS enacted the Electronic
As noted, on June 14, 2011, pursuant Operations rule, part 390, subpart L,
1 Dodd-Frank Wall Street Reform and Consumer to this authority, the FDIC’s Board of
3 76 FR 47652 (Aug. 5, 2011).
Protection Act, Public Law 111–203, 124 Stat. 1376
(2010). 2 76 FR 39247 (July 6, 2011). 4 79 FR 42231 (July 21, 2014).
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Subpart G also issued under 12 U.S.C. 2810 DEPARTMENT OF TRANSPORTATION evaluation, any comments received, and
et seq., 2901 et seq.; 15 U.S.C. 1691; 42 U.S.C. other information. The address for the
1981, 1982, 3601–3619. Federal Aviation Administration Docket Office (phone: 800–647–5527) is
Subpart H also issued under 12 U.S.C. Document Management Facility, U.S.
1464; 1831y. 14 CFR Part 39 Department of Transportation, Docket
Subpart I also issued under 12 U.S.C. Operations, M–30, West Building
[Docket No. FAA–2015–0787; Directorate
1831x. Ground Floor, Room W12–140, 1200
Identifier 2015–NE–10–AD; Amendment 39–
Subpart J also issued under 12 U.S.C. 18307; AD 2015–22–03] New Jersey Avenue SE., Washington,
1831p–1. DC 20590.
Subpart M also issued under 12 U.S.C. RIN 2120–AA64
FOR FURTHER INFORMATION CONTACT:
1818. Katheryn Malatek, Aerospace Engineer,
Subpart N also issued under 12 U.S.C. Airworthiness Directives; Pratt &
Whitney Division Turbofan Engines Engine Certification Office, FAA, Engine
1821. & Propeller Directorate, 12 New England
Subpart O also issued under 12 U.S.C. AGENCY: Federal Aviation Executive Park, Burlington, MA 01803;
1828. Administration (FAA), DOT. phone: 781–238–7747; fax: 781–238–
Subpart P also issued under 12 U.S.C. 7199; email: katheryn.malatek@faa.gov.
ACTION: Final rule.
1470; 1831e; 1831n; 1831p–1; 3339.
SUPPLEMENTARY INFORMATION:
Subpart Q also issued under 12 U.S.C. SUMMARY: We are adopting a new
1462; 1462a; 1463; 1464. airworthiness directive (AD) for all Pratt Discussion
Subpart R also issued under 12 U.S.C. & Whitney Division (PW) PW4164, We issued a notice of proposed
1463; 1464; 1831m; 1831n; 1831p–1. PW4168, PW4168A, PW4164C, rulemaking (NPRM) to amend 14 CFR
Subpart S also issued under 12 U.S.C. PW4164C/B, PW4164–1D, PW4168–1D, part 39 by adding an AD that would
1462; 1462a; 1463; 1464; 1468a; 1817; 1820; PW4168A–1D, PW4170, PW4164C–1D, apply to all PW PW4164, PW4168,
1828; 1831e; 1831o; 1831p–1; 1881–1884; PW4164C/B–1D, PW4050, PW4052, PW4168A, PW4164C, PW4164C/B,
3207; 3339; 15 U.S.C. 78b; 78 l; 78m; 78n; PW4056, PW4060, PW4060A, PW4164–1D, PW4168–1D, PW4168A–
78p; 78q; 78w; 31 U.S.C. 5318; 42 U.S.C. PW4060C, PW4062, PW4062A, 1D, PW4170, PW4164C–1D, PW4164C/
4106.
PW4152, PW4156, PW4156A, PW4158, B–1D, PW4050, PW4052, PW4056,
Subpart T also issued under 12 U.S.C.
PW4160, PW4460, PW4462, and PW4060, PW4060A, PW4060C,
1462a; 1463; 1464; 15 U.S.C. 78c; 78 l; 78m;
PW4650 turbofan engines including PW4062, PW4062A, PW4152, PW4156,
78n; 78w.
models with a ‘‘–3’’ suffix with a low- PW4156A, PW4158, PW4160, PW4460,
Subpart U also issued under 12 U.S.C.
pressure turbine (LPT) 4th stage inner PW4462, and PW4650 turbofan engines
1462a; 1463; 1464; 15 U.S.C. 78c; 78 l; 78m;
air seal (IAS), part number (P/N) including models with a ‘‘–3’’ suffix
78n; 78p; 78w; 78d–1; 7241; 7242; 7243;
51N038, installed. This AD was with an LPT 4th stage IAS, P/N 51N038,
7244; 7261; 7264; 7265.
Subpart V also issued under 12 U.S.C.
prompted by the discovery, during installed. The NPRM published in the
3201–3208.
routine overhaul of the LPT, of cracks in Federal Register on June 1, 2015 (80 FR
Subpart W also issued under 12 U.S.C. the barrel section of the LPT 4th stage 30963). The NPRM was prompted by
1462a; 1463; 1464; 15 U.S.C. 78c; 78 l; 78m; IAS. This AD requires removal of the nine occasions of discovering, during
78n; 78p; 78w. LPT 4th stage IAS, P/N 51N038, routine overhaul of the LPT, cracks in
Subpart X also issued under 12 U.S.C. according to a prescribed schedule. We the barrel section of the LPT 4th stage
1462; 1462a; 1463; 1464; 1828; 3331 et seq. are issuing this AD to prevent failure of IAS. The NPRM proposed to require
Subpart Y also issued under 12 U.S.C. the LPT 4th stage IAS, which could lead removal of the LPT 4th stage IAS, P/N
1831o. to an uncontained IAS release, damage 51N038, according to a prescribed
Subpart Z also issued under 12 U.S.C. to the engine, and damage to the schedule. We are issuing this AD to
1462; 1462a; 1463; 1464; 1828 (note). airplane. prevent failure of the LPT 4th stage IAS,
DATES: This AD is effective December 1, which could lead to an uncontained IAS
Subpart L—[Removed and Reserved] 2015. release, damage to the engine, and
damage to the airplane.
ADDRESSES: For service information
■ 2. Remove and reserve subpart L, identified in this AD, contact Pratt & Comments
consisting of §§ 390.220 through Whitney Division, 400 Main St., East We gave the public the opportunity to
390.222. Hartford, CT 06108; phone: (860) 565– participate in developing this AD. The
Dated at Washington, DC, this 22nd day of 8770; fax: (860) 565–4503. You may following presents the comments
October, 2015. view this service information at the received on the NPRM and the FAA’s
By order of the Board of Directors. FAA, Engine & Propeller Directorate, 12 response to each comment.
New England Executive Park,
Federal Deposit Insurance Corporation. Support for the NPRM (80 FR 30963,
Burlington, MA. For information on the
Robert E. Feldman, availability of this material at the FAA, June 1, 2015)
Executive Secretary. call (781) 238–7125. The Boeing Company expressed
[FR Doc. 2015–27292 Filed 10–26–15; 8:45 am]
Examining the AD Docket support for the NPRM.
BILLING CODE 6714–01–P
You may examine the AD docket on Request To Change Definitions
the Internet at http:// United Airlines and Delta Airlines
www.regulations.gov by searching for requested that the Definitions paragraph
tkelley on DSK3SPTVN1PROD with RULES
and locating Docket No. FAA–2015– be changed. United Airlines requested
0787; or in person at the Docket we change the definition of LPT
Management Facility between 9 a.m. overhaul from ‘‘maintenance which
and 5 p.m., Monday through Friday, involves disassembly of the LPT rotor
except Federal holidays. The AD docket module’’ to ‘‘when the LPT module is
contains this AD, the regulatory disassembled sufficiently to gain access
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Document Created: 2015-12-14 15:36:10
Document Modified: 2015-12-14 15:36:10
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Rules and Regulations | |
| Action | Final rule. | |
| Dates | The final rule is effective on November 27, 2015. | |
| Contact | Jennifer Maree, Legal Division, (202) 898-6543; Frederick Coleman, Division of Risk Management Supervision, (703) 254-0452. | |
| FR Citation | 80 FR 65612 | |
| RIN Number | 3064-AE19 | |
| CFR Associated | Banks and Banking; Electronic Operations; Savings Associations |
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