Extensions of Credit by Federal Reserve Banks, 48548-48549 [E7-16764]
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48548
Federal Register / Vol. 72, No. 164 / Friday, August 24, 2007 / Rules and Regulations
Country/locality of origin
Common name
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*
Thailand ........................................
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3 Also
eligible for importation in
accordance with the provisions listed in
§ 319.56–47.
*
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I 3. A new § 319.56–47 is added to read
as follows:
rfrederick on PROD1PC67 with RULES
§ 319.56–47
Certain fruits from Thailand.
Litchi (Litchi chinensis), longan
(Dimocarpus longan), mango (Mangifera
indica), mangosteen (Garcinia
mangoestana L.), pineapple (Ananas
comosus), and rambutan (Nephelium
lappaceum L.) may be imported into the
United States from Thailand only under
the following conditions:
(a) Growing conditions. Litchi, longan,
mango, mangosteen, pineapple, and
rambutan must be grown in a
production area that is registered with
and monitored by the national plant
protection organization of Thailand.
(b) Treatment. Litchi, longan, mango,
mangosteen, pineapple, and rambutan
must be treated for plant pests of the
class Insecta, except pupae and adults of
the order Lepidoptera, with irradiation
in accordance with § 305.31 of this
chapter. Treatment must be conducted
in Thailand prior to importation of the
fruits into the United States.
(c) Phytosanitary certificates. (1)
Litchi must be accompanied by a
phytosanitary certificate with an
additional declaration stating that the
litchi were treated with irradiation as
described in paragraph (b) of this
section and that the litchi have been
inspected and found to be free of
Peronophythora litchi.
(2) Longan, mango, mangosteen,
pineapple, and rambutan must be
accompanied by a phytosanitary
certificate with an additional
declaration stating that the longan,
mango, mangosteen, pineapple, or
rambutan were treated with irradiation
as described in paragraph (b) of this
section.
(d) Labeling. In addition to meeting
the labeling requirements in § 305.31,
cartons in which litchi and longan are
packed must be stamped ‘‘Not for
importation into or distribution in FL.’’
VerDate Aug<31>2005
12:50 Aug 23, 2007
Plant part(s)
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Pineapple 3 ................................... Ananas comosus .........................
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Botanical name
Jkt 211001
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Done in Washington, DC, this 20th day of
August 2007.
Kevin Shea,
Acting Administrator, Animal and Plant
Health Inspection Service.
[FR Doc. E7–16832 Filed 8–23–07; 8:45 am]
BILLING CODE 3410–34–P
FEDERAL RESERVE SYSTEM
12 CFR Part 201
[Regulation A]
Extensions of Credit by Federal
Reserve Banks
Board of Governors of the
Federal Reserve System.
ACTION: Final rule.
AGENCY:
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) has
adopted final amendments to its
Regulation A to reflect the Board’s
approval of a reduction in the primary
credit rate at each Federal Reserve Bank.
The secondary credit rate at each
Reserve Bank automatically decreased
by formula as a result of the Board’s
primary credit rate action.
DATES: The amendments to part 201
(Regulation A) are effective August 24,
2007. The rate changes for primary and
secondary credit were effective on the
dates specified in 12 CFR 201.51, as
amended.
FOR FURTHER INFORMATION CONTACT:
Jennifer J. Johnson, Secretary of the
Board (202/452–3259); for users of
Telecommunication Devices for the Deaf
(TDD) only, contact 202/263–4869.
SUPPLEMENTARY INFORMATION: The
Federal Reserve Banks make primary
and secondary credit available to
depository institutions as a backup
source of funding on a short-term basis,
usually overnight. The primary and
secondary credit rates are the interest
rates that the twelve Federal Reserve
Banks charge for extensions of credit
under these programs. In accordance
with the Federal Reserve Act, the
primary and secondary credit rates are
established by the boards of directors of
the Federal Reserve Banks, subject to
the review and determination of the
Board.
PO 00000
Frm 00002
Fmt 4700
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Fruit ...................
Sfmt 4700
Additional
requirements
*
(b)(2)(xi),
(b)(5)(vi).
*
*
The Board approved requests by the
Reserve Banks to reduce by 50 basis
points the primary credit rate in effect
at each of the twelve Federal Reserve
Banks, thereby decreasing from 6.25
percent to 5.75 percent the rate that
each Reserve Bank charges for
extensions of primary credit. As a result
of the Board’s action on the primary
credit rate, the rate that each Reserve
Bank charges for extensions of
secondary credit automatically
decreased from 6.75 percent to 6.25
percent under the secondary credit rate
formula. The final amendments to
Regulation A reflect these rate changes.
The Board’s action narrows the spread
between the primary credit rate and the
Federal Open Market Committee’s target
federal funds rate to 50 basis points. As
indicated in the Board’s press release
announcing this action, the changes to
the primary credit discount window
facility are intended to promote the
restoration of orderly conditions in
financial markets. In addition, the press
release stated:
The Board is also announcing a change to
the Reserve Banks’ usual practices to allow
the provision of term financing for as long as
30 days, renewable by the borrower. These
changes will remain in place until the
Federal Reserve determines that market
liquidity has improved materially. These
changes are designed to provide depositories
with greater assurance about the cost and
availability of funding. The Federal Reserve
will continue to accept a broad range of
collateral for discount window loans,
including home mortgages and related assets.
Existing collateral margins will be
maintained.
Regulatory Flexibility Act Certification
Pursuant to the Regulatory Flexibility
Act (5 U.S.C. 605(b)), the Board certifies
that the new primary and secondary
credit rates will not have a significantly
adverse economic impact on a
substantial number of small entities
because the final rule does not impose
any additional requirements on entities
affected by the regulation.
Administrative Procedure Act
The Board did not follow the
provisions of 5 U.S.C. 553(b) relating to
notice and public participation in
connection with the adoption of these
E:\FR\FM\24AUR1.SGM
24AUR1
Federal Register / Vol. 72, No. 164 / Friday, August 24, 2007 / Rules and Regulations
amendments because the Board for good
cause determined that delaying
implementation of the new primary and
secondary credit rates in order to allow
notice and public comment would be
unnecessary and contrary to the public
interest in fostering price stability and
sustainable economic growth. For these
same reasons, the Board also has not
provided 30 days prior notice of the
effective date of the rule under section
553(d).
List of Subjects in 12 CFR Part 201
For the reasons set forth in the
preamble, the Board is amending 12
CFR Chapter II to read as follows:
I
Authority: 12 U.S.C. 248(i)–(j), 343 et seq.,
347a, 347b, 347c, 348 et seq., 357, 374, 374a,
and 461.
2. In § 201.51, paragraphs (a) and (b)
are revised to read as follows:
I
(a) Primary credit. The interest rates
for primary credit provided to
depository institutions under § 201.4(a)
are:
Effective
17,
17,
17,
17,
17,
17,
17,
20,
17,
17,
17,
17,
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
(b) Secondary credit. The interest
rates for secondary credit provided to
depository institutions under 201.4(b)
are:
rfrederick on PROD1PC67 with RULES
Federal Reserve
Bank
Rate
Boston ................
6.25
Effective
August 17, 2007.
1 The primary, secondary, and seasonal credit
rates described in this section apply to both
advances and discounts made under the primary,
secondary, and seasonal credit programs,
respectively.
VerDate Aug<31>2005
12:50 Aug 23, 2007
Jkt 211001
*
*
17,
17,
17,
17,
17,
17,
20,
17,
17,
17,
17,
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
2007.
*
DEPARTMENT OF TRANSPORTATION
14 CFR Part 39
[Docket No. FAA–2006–23742; Directorate
Identifier 2005–NE–53–AD; Amendment 39–
15180; AD 2007–17–21]
RIN 2120–AA64
§ 201.51 Interest rates applicable to credit
extended by a Federal Reserve Bank.1
August
August
August
August
August
August
August
August
August
August
August
August
*
August
August
August
August
August
August
August
August
August
August
August
Federal Aviation Administration
1. The authority citation for part 201
continues to read as follows:
I
5.75
5.75
5.75
5.75
5.75
5.75
5.75
5.75
5.75
5.75
5.75
5.75
6.25
6.25
6.25
6.25
6.25
6.25
6.25
6.25
6.25
6.25
6.25
BILLING CODE 6210–02–P
PART 201—EXTENSIONS OF CREDIT
BY FEDERAL RESERVE BANKS
(REGULATION A)
Boston ................
New York ...........
Philadelphia ........
Cleveland ...........
Richmond ...........
Atlanta ................
Chicago ..............
St. Louis .............
Minneapolis ........
Kansas City ........
Dallas .................
San Francisco ....
New York ...........
Philadelphia ........
Cleveland ...........
Richmond ...........
Atlanta ................
Chicago ..............
St. Louis .............
Minneapolis ........
Kansas City ........
Dallas .................
San Francisco ....
Effective
By order of the Board of Governors of the
Federal Reserve System, August 20, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7–16764 Filed 8–23–07; 8:45 am]
Authority and Issuance
Rate
Rate
*
Banks, Banking, Federal Reserve
System, Reporting and recordkeeping.
Federal Reserve
Bank
Federal Reserve
Bank
Airworthiness Directives; Pratt &
Whitney (PW) JT9D–7R4 Series
Turbofan Engines
Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
ACTION: Final rule.
AGENCY:
SUMMARY: The FAA is adopting a new
airworthiness directive (AD) for PW
JT9D–7R4 series turbofan engines. This
AD requires removing reduced cooling
flow 2nd stage high pressure turbine
(HPT) vane assemblies, part numbers
(P/Ns) 797282, 796972, 800082, 800072,
803182, 803282, and 822582, installed
in 2nd stage HPT vane cluster
assemblies P/Ns 797592, 797372,
799872, 799782, and 822572. It also
requires a visual and a fluorescent
penetrant inspection (FPI) of the 2nd
stage HPT air seal assembly, P/N
815097. This AD results from a report of
an uncontained failure of the 2nd stage
HPT air seal assembly, caused by the air
seal assembly brace disengaging from
the air seal, due to insufficient cooling
air flow. We are issuing this AD to
prevent uncontained failure of the 2nd
stage HPT air seal assembly, leading to
engine in-flight shutdown and damage
to the airplane.
DATES: This AD becomes effective
September 28, 2007. The Director of the
PO 00000
Frm 00003
Fmt 4700
Sfmt 4700
48549
Federal Register approved the
incorporation by reference of certain
publications listed in the regulations as
of September 28, 2007.
ADDRESSES: You can get the service
information identified in this AD from
Pratt & Whitney, 400 Main St., East
Hartford, CT 06108; telephone (860)
565–8770; fax (860) 565–4503.
You may examine the AD docket on
the Internet at https://dms.dot.gov or at
the U.S. Department of Transportation,
Docket Operations, M–30, West
Building Ground Floor, Room W12–140,
1200 New Jersey Avenue, SE.,
Washington, DC 20590.
FOR FURTHER INFORMATION CONTACT:
Mark Riley, Aerospace Engineer, Engine
Certification Office, FAA, Engine and
Propeller Directorate, 12 New England
Executive Park, Burlington, MA 01803;
telephone (781) 238–7758, fax (781)
238–7199.
SUPPLEMENTARY INFORMATION: The FAA
proposed to amend 14 CFR part 39 with
a proposed AD. The proposed AD
applies to PW JT9D–7R4E1, –7R4E4,
–7R4G2, and –7R4H1 turbofan engines.
We published the proposed AD in the
Federal Register on February 2, 2007
(72 FR 4964). That action proposed to
require removal of reduced cooling flow
2nd stage HPT vane assemblies. It also
proposed to require a visual and an FPI
of the 2nd stage HPT air seal assembly.
Examining the AD Docket
You may examine the AD docket on
the Internet at https://dms.dot.gov; or in
person at the Docket Operations office
between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
The AD docket contains the NPRM, the
regulatory evaluation, any comments
received, and other information. The
street address for the Docket Operations
office (telephone (800) 647–5527) is
provided in the ADDRESSES section.
Comments will be available in the AD
docket shortly after receipt.
Comments
We provided the public the
opportunity to participate in the
development of this AD. We have
considered the comments received.
Revise the Cost Impact
FEDEX requests that we revise the
estimated cost impact to implement the
AD because they believe that the actual
cost of modification (according to PW
Alert Service Bulletin (ASB) JT9D–7R4–
A72–596, dated September 15, 2005) for
one set of HPT 2nd stage vane
assemblies will be approximately
$23,000, instead of $5,400 projected by
the proposed AD. We do not agree. We
E:\FR\FM\24AUR1.SGM
24AUR1
]]>Agencies
[Federal Register Volume 72, Number 164 (Friday, August 24, 2007)]
[Rules and Regulations]
[Pages 48548-48549]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-16764]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 201
[Regulation A]
Extensions of Credit by Federal Reserve Banks
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
has adopted final amendments to its Regulation A to reflect the Board's
approval of a reduction in the primary credit rate at each Federal
Reserve Bank. The secondary credit rate at each Reserve Bank
automatically decreased by formula as a result of the Board's primary
credit rate action.
DATES: The amendments to part 201 (Regulation A) are effective August
24, 2007. The rate changes for primary and secondary credit were
effective on the dates specified in 12 CFR 201.51, as amended.
FOR FURTHER INFORMATION CONTACT: Jennifer J. Johnson, Secretary of the
Board (202/452-3259); for users of Telecommunication Devices for the
Deaf (TDD) only, contact 202/263-4869.
SUPPLEMENTARY INFORMATION: The Federal Reserve Banks make primary and
secondary credit available to depository institutions as a backup
source of funding on a short-term basis, usually overnight. The primary
and secondary credit rates are the interest rates that the twelve
Federal Reserve Banks charge for extensions of credit under these
programs. In accordance with the Federal Reserve Act, the primary and
secondary credit rates are established by the boards of directors of
the Federal Reserve Banks, subject to the review and determination of
the Board.
The Board approved requests by the Reserve Banks to reduce by 50
basis points the primary credit rate in effect at each of the twelve
Federal Reserve Banks, thereby decreasing from 6.25 percent to 5.75
percent the rate that each Reserve Bank charges for extensions of
primary credit. As a result of the Board's action on the primary credit
rate, the rate that each Reserve Bank charges for extensions of
secondary credit automatically decreased from 6.75 percent to 6.25
percent under the secondary credit rate formula. The final amendments
to Regulation A reflect these rate changes.
The Board's action narrows the spread between the primary credit
rate and the Federal Open Market Committee's target federal funds rate
to 50 basis points. As indicated in the Board's press release
announcing this action, the changes to the primary credit discount
window facility are intended to promote the restoration of orderly
conditions in financial markets. In addition, the press release stated:
The Board is also announcing a change to the Reserve Banks'
usual practices to allow the provision of term financing for as long
as 30 days, renewable by the borrower. These changes will remain in
place until the Federal Reserve determines that market liquidity has
improved materially. These changes are designed to provide
depositories with greater assurance about the cost and availability
of funding. The Federal Reserve will continue to accept a broad
range of collateral for discount window loans, including home
mortgages and related assets. Existing collateral margins will be
maintained.
Regulatory Flexibility Act Certification
Pursuant to the Regulatory Flexibility Act (5 U.S.C. 605(b)), the
Board certifies that the new primary and secondary credit rates will
not have a significantly adverse economic impact on a substantial
number of small entities because the final rule does not impose any
additional requirements on entities affected by the regulation.
Administrative Procedure Act
The Board did not follow the provisions of 5 U.S.C. 553(b) relating
to notice and public participation in connection with the adoption of
these
[[Page 48549]]
amendments because the Board for good cause determined that delaying
implementation of the new primary and secondary credit rates in order
to allow notice and public comment would be unnecessary and contrary to
the public interest in fostering price stability and sustainable
economic growth. For these same reasons, the Board also has not
provided 30 days prior notice of the effective date of the rule under
section 553(d).
List of Subjects in 12 CFR Part 201
Banks, Banking, Federal Reserve System, Reporting and
recordkeeping.
Authority and Issuance
0
For the reasons set forth in the preamble, the Board is amending 12 CFR
Chapter II to read as follows:
PART 201--EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION
A)
0
1. The authority citation for part 201 continues to read as follows:
Authority: 12 U.S.C. 248(i)-(j), 343 et seq., 347a, 347b, 347c,
348 et seq., 357, 374, 374a, and 461.
0
2. In Sec. 201.51, paragraphs (a) and (b) are revised to read as
follows:
Sec. 201.51 Interest rates applicable to credit extended by a Federal
Reserve Bank.\1\
---------------------------------------------------------------------------
\1\ The primary, secondary, and seasonal credit rates described
in this section apply to both advances and discounts made under the
primary, secondary, and seasonal credit programs, respectively.
---------------------------------------------------------------------------
(a) Primary credit. The interest rates for primary credit provided
to depository institutions under Sec. 201.4(a) are:
------------------------------------------------------------------------
Federal Reserve Bank Rate Effective
------------------------------------------------------------------------
Boston................................ 5.75 August 17, 2007.
New York.............................. 5.75 August 17, 2007.
Philadelphia.......................... 5.75 August 17, 2007.
Cleveland............................. 5.75 August 17, 2007.
Richmond.............................. 5.75 August 17, 2007.
Atlanta............................... 5.75 August 17, 2007.
Chicago............................... 5.75 August 17, 2007.
St. Louis............................. 5.75 August 20, 2007.
Minneapolis........................... 5.75 August 17, 2007.
Kansas City........................... 5.75 August 17, 2007.
Dallas................................ 5.75 August 17, 2007.
San Francisco......................... 5.75 August 17, 2007.
------------------------------------------------------------------------
(b) Secondary credit. The interest rates for secondary credit
provided to depository institutions under 201.4(b) are:
------------------------------------------------------------------------
Federal Reserve Bank Rate Effective
------------------------------------------------------------------------
Boston................................ 6.25 August 17, 2007.
New York.............................. 6.25 August 17, 2007.
Philadelphia.......................... 6.25 August 17, 2007.
Cleveland............................. 6.25 August 17, 2007.
Richmond.............................. 6.25 August 17, 2007.
Atlanta............................... 6.25 August 17, 2007.
Chicago............................... 6.25 August 17, 2007.
St. Louis............................. 6.25 August 20, 2007.
Minneapolis........................... 6.25 August 17, 2007.
Kansas City........................... 6.25 August 17, 2007.
Dallas................................ 6.25 August 17, 2007.
San Francisco......................... 6.25 August 17, 2007.
------------------------------------------------------------------------
* * * * *
By order of the Board of Governors of the Federal Reserve
System, August 20, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-16764 Filed 8-23-07; 8:45 am]
BILLING CODE 6210-02-P
