Prohibited Service at Savings and Loan Holding Companies Extension of Expiration Date of Temporary Exemption, 30736-30737 [E8-11781]

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Download as PDF 30736 Federal Register / Vol. 73, No. 104 / Thursday, May 29, 2008 / Rules and Regulations bale. The fee in § 28.910 (b) for an owner receiving classification data from the National database would remain at 5 cents per bale, and the minimum charge of $5.00 for services provided per monthly billing period would remain the same. The provisions of § 28.910 (c) concerning the fee for new classification memoranda issued from the National database for the business convenience of an owner without reclassification of the cotton will remain the same at 15 cents per bale or a minimum of $5.00 per sheet. The fee for review classification in § 28.911 will increase to $2.00 per bale. The fee for returning samples after classification in § 28.911 would remain at 40 cents per sample. This fee was incorrectly referred to in the proposed rule as 50 cents per sample. List of Subjects in 7 CFR Part 28 Administrative practice and procedure, Cotton, Cotton samples, Grades, Market news, Reporting and recordkeeping requirements, Standards, Staples, Testing, Warehouses. For the reasons set forth in the preamble, 7 CFR part 28 is amended to read as follows: I PART 28—[AMENDED] 1. The authority citation for 7 CFR part 28, subpart D, continues to read as follows: I Authority: 7 U.S.C. 51–65; 7 U.S.C. 471– 476. 2. In § 28.909, paragraph (b) is revised to read as follows: I § 28.909 Costs. * * * * * (b) The cost of High Volume Instrument (HVI) cotton classification service to producers is $2.00 per bale. * * * * * 3. In § 28.911, the last sentence of paragraph (a) is revised to read as follows: I § 28.911 Review classification. pwalker on PROD1PC71 with RULES (a) * * * The fee for review classification is $2.00 per bale. * * * * * Dated: May 27, 2008. Lloyd C. Day, Administrator, Agricultural Marketing Service. [FR Doc. 08–1308 Filed 5–27–08; 1:29 pm] BILLING CODE 3410–02–P VerDate Aug<31>2005 17:07 May 28, 2008 Jkt 214001 DEPARTMENT OF THE TREASURY Office of Thrift Supervision 12 CFR Part 585 [OTS–2007–0008] RIN 1550–AC14 Prohibited Service at Savings and Loan Holding Companies Extension of Expiration Date of Temporary Exemption Office of Thrift Supervision (OTS), Treasury. ACTION: Final rule. AGENCY: SUMMARY: OTS is revising its rules implementing section 19(e) of the Federal Deposit Insurance Act (FDIA), which prohibits any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering (or who has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense) from holding certain positions with respect to a savings and loan holding company (SLHC). Specifically, OTS is extending the expiration date of a temporary exemption granted to persons who held positions with respect to a SLHC as of the date of the enactment of section 19(e). The revised expiration date for the temporary exemption is November 3, 2008. DATES: Effective Date: The final rule is effective on May 29, 2008. FOR FURTHER INFORMATION CONTACT: Donna Deale, Director, Holding Companies and Affiliates, Supervision Policy, (202) 906–7488, Office of Thrift Supervision, 1700 G Street, NW., Washington, DC 20552. SUPPLEMENTARY INFORMATION: On May 8, 2007, OTS published an interim final rule adding 12 CFR part 585. This new part implemented section 19(e) of the FDIA, which prohibits any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering (or who has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense) from holding certain positions with a SLHC. Section 19(e) also authorizes the Director of OTS to provide exemptions from the prohibitions, by regulation or order, if the exemption is consistent with the purposes of the statute. The interim final rule described the actions that are prohibited under the statute and prescribed procedures for applying for an OTS order granting a case-by-case exemption from the prohibition. The rule also provided PO 00000 Frm 00010 Fmt 4700 Sfmt 4700 regulatory exemptions to the prohibitions, including a temporary exemption for persons who held positions with respect to a SLHC on October 13, 2006, the date of enactment of section 19(e). This temporary exemption is set to expire on June 1, 2008, unless a case-by-case exemption is filed prior to that expiration date.1 OTS is extending the expiration date of the temporary exemption to November 3, 2008. This extension will avoid needless disruptions of SLHC operations while OTS continues to review the public comments and develop a final rule addressing these comments. OTS has concluded that this extension of the exemption is consistent with the purposes of section 19(e) of the FDIA. Regulatory Findings Notice and Comment and Effective Date For the reasons set out in the interim final rule,2 OTS has concluded that: Notice and comment on this extension are unnecessary and contrary to the public interest under section 552(b)(B) of the Administrative Procedure Act; there is good cause for making the extension effective immediately under section 553(d) of the APA; and the delayed effective date requirements of section 302 of the Riegle Community Development and Regulatory Improvement Act of 1994 (CDRIA) do not apply. Regulatory Flexibility Act For the reasons stated in the interim final rule,3 OTS has concluded that this extension does not require an initial regulatory flexibility analysis under the Regulatory Flexibility Act (RFA) (5 U.S.C. 601 et seq.), and that this extension should not have a significant impact on a substantial number of small entities, as defined in the RFA. Paperwork Reduction Act OTS has determined that this extension does not involve a change to collections of information previously approved under the Paperwork Reduction Act (44 U.S.C. 3501 et seq.). Unfunded Mandates Act of 1995 For the reasons stated in the interim final rule,4 OTS has determined that this extension will not result in expenditures by state, local, and tribal 1 This temporary exemption originally was scheduled to expire on September 5, 2007. OTS extended the expiration date to March 1, 2008, 72 FR 50644 (Sept. 4, 2008) and to June 1, 2008, 73 FR 10985 (Feb. 29, 2008). 2 72 FR at 25953. 3 72 FR at 25953–54. 4 72 FR at 25954. E:\FR\FM\29MYR1.SGM 29MYR1 Federal Register / Vol. 73, No. 104 / Thursday, May 29, 2008 / Rules and Regulations governments, in the aggregate, or by the private sector, of more than $100 million in any one year. DEPARTMENT OF TRANSPORTATION Executive Order 12866 14 CFR Part 39 OTS has determined that this extension is not a significant regulatory action under Executive Order 12866. [Docket No. FAA–2007–28389; Directorate Identifier 2006–NM–171–AD; Amendment 39–15536; AD 2008–11–13] Plain Language RIN 2120–AA64 Section 722 of the Gramm-LeachBliley Act (12 U.S.C. 4809) requires the Agencies to use ‘‘plain language’’ in all final rules published after January 1, 2000. OTS believes that the final rule containing the extension is presented in a clear and straightforward manner. Airworthiness Directives; Boeing Model 777–200, –200LR, –300, and –300ER Series Airplanes List of Subjects in 12 CFR Part 585 SUMMARY: The FAA is adopting a new airworthiness directive (AD) for certain Boeing Model 777–200, –200LR, –300, and –300ER series airplanes. This AD requires revising the Airworthiness Limitations (AWLs) section of the Instructions for Continued Airworthiness by incorporating new limitations for fuel tank systems to satisfy Special Federal Aviation Regulation No. 88 requirements. This AD also requires the initial performance of certain repetitive inspections specified in the AWLs to phase in those inspections, and repair if necessary. This AD results from a design review of the fuel tank systems. We are issuing this AD to prevent the potential for ignition sources inside fuel tanks caused by latent failures, alterations, repairs, or maintenance actions, which, in combination with flammable fuel vapors, could result in fuel tank explosions and consequent loss of the airplane. Administrative practice and procedure, Holding companies, Reporting and recordkeeping requirements, Savings associations. Authority and Issuance For the reasons in the preamble, OTS is amending part 585 of chapter V of title 12 of the Code of Federal Regulations as set forth below: I PART 585—PROHIBITED SERVICE AT SAVINGS AND LOAN HOLDING COMPANIES 1. The authority citation for 12 CFR part 585 continues to read as follows: I Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, and 1829(e). 2. In § 585.100(b)(2), revise the introductory text to read as follows: I § 585.100 Who is exempt from the prohibition under this part? pwalker on PROD1PC71 with RULES * * * * (b) * * * (2) This exemption expires on November 3, 2008, unless the savings and loan holding company or the person files an application seeking a case-bycase exemption for the person under § 585.110 by that date. If the savings and loan holding company or the person files such an application, the temporary exemption expires on: * * * * * Dated: May 20, 2008. By the Office of Thrift Supervision. John M. Reich, Director. [FR Doc. E8–11781 Filed 5–28–08; 8:45 am] VerDate Aug<31>2005 17:07 May 28, 2008 Jkt 214001 Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Final rule. AGENCY: This AD becomes effective July 3, 2008. The Director of the Federal Register approved the incorporation by reference of a certain publication listed in the AD as of July 3, 2008. ADDRESSES: For service information identified in this AD, contact Boeing Commercial Airplanes, P.O. Box 3707, Seattle, Washington 98124–2207. DATES: * BILLING CODE 6720–01–M Federal Aviation Administration Examining the AD Docket You may examine the AD docket on the Internet at http:// www.regulations.gov; or in person at the Docket Management Facility between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The AD docket contains this AD, the regulatory evaluation, any comments received, and other information. The address for the Docket Office (telephone 800–647–5527) is the Document Management Facility, U.S. Department of Transportation, PO 00000 Frm 00011 Fmt 4700 Sfmt 4700 30737 Docket Operations, M–30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue, SE., Washington, DC 20590. FOR FURTHER INFORMATION CONTACT: Margaret Langsted, Aerospace Engineer, Propulsion Branch, ANM–140S, FAA, Seattle Aircraft Certification Office, 1601 Lind Avenue, SW., Renton, Washington 98057–3356; telephone (425) 917–6500; fax (425) 917–6590. SUPPLEMENTARY INFORMATION: Discussion The FAA issued a supplemental notice of proposed rulemaking (NPRM) to amend 14 CFR part 39 to include an AD that would apply to certain Boeing Model 777–200, –200LR, –300, and –300ER series airplanes. That supplemental NPRM was published in the Federal Register on February 28, 2008 (73 FR 10698). That supplemental NPRM proposed to require revising the Airworthiness Limitations (AWLs) section of the Instructions for Continued Airworthiness (ICA) by incorporating new limitations for fuel tank systems to satisfy Special Federal Aviation Regulation No. 88 (SFAR 88) requirements. That supplemental NPRM also proposed to require the initial performance of certain repetitive inspections specified in the AWLs to phase in those inspections, and repair if necessary. Actions Since NPRM Was Issued Since we issued the NPRM, Boeing has issued Temporary Revision (TR) 09– 014, dated December 2007. Boeing TR 09–014 is published as Section 9 of the Boeing 777 Maintenance Planning Document (MPD) Document, D622W001–9, Revision February 2008 (hereafter referred to as ‘‘Revision February 2008 of the MPD’’). The supplemental NPRM referred to Revision October 2007 of the MPD as the appropriate source of service information for accomplishing the proposed actions. Revision February 2008 of the MPD revises AWL No. 28– AWL–03 to reflect the new maximum loop resistance values associated with the lightning protection of the unpressurized fuel quantity indicating system (FQIS) wire bundle installations. Accordingly, we have revised paragraphs (f), (g), and (h) of this AD to refer to Revision February 2008 of the MPD. We also have added a new paragraph (j) to this AD specifying that actions done before the effective date of this AD in accordance with Revision October 2007 or Revision December 2007 of the MPD are acceptable for compliance with the corresponding E:\FR\FM\29MYR1.SGM 29MYR1

Agencies

[Federal Register Volume 73, Number 104 (Thursday, May 29, 2008)]
[Rules and Regulations]
[Pages 30736-30737]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-11781]


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DEPARTMENT OF THE TREASURY

Office of Thrift Supervision

12 CFR Part 585

[OTS-2007-0008]
RIN 1550-AC14


Prohibited Service at Savings and Loan Holding Companies 
Extension of Expiration Date of Temporary Exemption

AGENCY: Office of Thrift Supervision (OTS), Treasury.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: OTS is revising its rules implementing section 19(e) of the 
Federal Deposit Insurance Act (FDIA), which prohibits any person who 
has been convicted of any criminal offense involving dishonesty, breach 
of trust, or money laundering (or who has agreed to enter into a 
pretrial diversion or similar program in connection with a prosecution 
for such an offense) from holding certain positions with respect to a 
savings and loan holding company (SLHC). Specifically, OTS is extending 
the expiration date of a temporary exemption granted to persons who 
held positions with respect to a SLHC as of the date of the enactment 
of section 19(e). The revised expiration date for the temporary 
exemption is November 3, 2008.

DATES: Effective Date: The final rule is effective on May 29, 2008.

FOR FURTHER INFORMATION CONTACT: Donna Deale, Director, Holding 
Companies and Affiliates, Supervision Policy, (202) 906-7488, Office of 
Thrift Supervision, 1700 G Street, NW., Washington, DC 20552.

SUPPLEMENTARY INFORMATION: On May 8, 2007, OTS published an interim 
final rule adding 12 CFR part 585. This new part implemented section 
19(e) of the FDIA, which prohibits any person who has been convicted of 
any criminal offense involving dishonesty, breach of trust, or money 
laundering (or who has agreed to enter into a pretrial diversion or 
similar program in connection with a prosecution for such an offense) 
from holding certain positions with a SLHC. Section 19(e) also 
authorizes the Director of OTS to provide exemptions from the 
prohibitions, by regulation or order, if the exemption is consistent 
with the purposes of the statute.
    The interim final rule described the actions that are prohibited 
under the statute and prescribed procedures for applying for an OTS 
order granting a case-by-case exemption from the prohibition. The rule 
also provided regulatory exemptions to the prohibitions, including a 
temporary exemption for persons who held positions with respect to a 
SLHC on October 13, 2006, the date of enactment of section 19(e). This 
temporary exemption is set to expire on June 1, 2008, unless a case-by-
case exemption is filed prior to that expiration date.\1\
---------------------------------------------------------------------------

    \1\ This temporary exemption originally was scheduled to expire 
on September 5, 2007. OTS extended the expiration date to March 1, 
2008, 72 FR 50644 (Sept. 4, 2008) and to June 1, 2008, 73 FR 10985 
(Feb. 29, 2008).
---------------------------------------------------------------------------

    OTS is extending the expiration date of the temporary exemption to 
November 3, 2008. This extension will avoid needless disruptions of 
SLHC operations while OTS continues to review the public comments and 
develop a final rule addressing these comments. OTS has concluded that 
this extension of the exemption is consistent with the purposes of 
section 19(e) of the FDIA.

Regulatory Findings

Notice and Comment and Effective Date

    For the reasons set out in the interim final rule,\2\ OTS has 
concluded that: Notice and comment on this extension are unnecessary 
and contrary to the public interest under section 552(b)(B) of the 
Administrative Procedure Act; there is good cause for making the 
extension effective immediately under section 553(d) of the APA; and 
the delayed effective date requirements of section 302 of the Riegle 
Community Development and Regulatory Improvement Act of 1994 (CDRIA) do 
not apply.
---------------------------------------------------------------------------

    \2\ 72 FR at 25953.
---------------------------------------------------------------------------

Regulatory Flexibility Act

    For the reasons stated in the interim final rule,\3\ OTS has 
concluded that this extension does not require an initial regulatory 
flexibility analysis under the Regulatory Flexibility Act (RFA) (5 
U.S.C. 601 et seq.), and that this extension should not have a 
significant impact on a substantial number of small entities, as 
defined in the RFA.
---------------------------------------------------------------------------

    \3\ 72 FR at 25953-54.
---------------------------------------------------------------------------

Paperwork Reduction Act

    OTS has determined that this extension does not involve a change to 
collections of information previously approved under the Paperwork 
Reduction Act (44 U.S.C. 3501 et seq.).

Unfunded Mandates Act of 1995

    For the reasons stated in the interim final rule,\4\ OTS has 
determined that this extension will not result in expenditures by 
state, local, and tribal

[[Page 30737]]

governments, in the aggregate, or by the private sector, of more than 
$100 million in any one year.
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    \4\ 72 FR at 25954.
---------------------------------------------------------------------------

Executive Order 12866

    OTS has determined that this extension is not a significant 
regulatory action under Executive Order 12866.

Plain Language

    Section 722 of the Gramm-Leach-Bliley Act (12 U.S.C. 4809) requires 
the Agencies to use ``plain language'' in all final rules published 
after January 1, 2000. OTS believes that the final rule containing the 
extension is presented in a clear and straightforward manner.

List of Subjects in 12 CFR Part 585

    Administrative practice and procedure, Holding companies, Reporting 
and recordkeeping requirements, Savings associations.

Authority and Issuance

0
For the reasons in the preamble, OTS is amending part 585 of chapter V 
of title 12 of the Code of Federal Regulations as set forth below:

PART 585--PROHIBITED SERVICE AT SAVINGS AND LOAN HOLDING COMPANIES

0
1. The authority citation for 12 CFR part 585 continues to read as 
follows:

    Authority: 12 U.S.C. 1462, 1462a, 1463, 1464, 1467a, and 
1829(e).


0
2. In Sec.  585.100(b)(2), revise the introductory text to read as 
follows:


Sec.  585.100  Who is exempt from the prohibition under this part?

* * * * *
    (b) * * *
    (2) This exemption expires on November 3, 2008, unless the savings 
and loan holding company or the person files an application seeking a 
case-by-case exemption for the person under Sec.  585.110 by that date. 
If the savings and loan holding company or the person files such an 
application, the temporary exemption expires on:
* * * * *

    Dated: May 20, 2008.

    By the Office of Thrift Supervision.
John M. Reich,
Director.
[FR Doc. E8-11781 Filed 5-28-08; 8:45 am]
BILLING CODE 6720-01-M