Compensation, Retirement Programs, and Related Benefits, 16485-16486 [2012-6806]

Download as PDF Federal Register / Vol. 77, No. 55 / Wednesday, March 21, 2012 / Proposed Rules srobinson on DSK4SPTVN1PROD with PROPOSALS proposed rule.2 Please submit your comments using only one method. FOR FURTHER INFORMATION CONTACT: George French, Deputy Director, Policy, (202) 898–3929, Robert Burns, Associate Director, Mid-Tier Bank Branch, (202) 898–3905, or Karl R. Reitz, Senior Capital Markets Specialist, (202) 898– 6775, Division of Risk Management and Supervision; Mark G. Flanigan, Counsel, (202) 898–7426, or Ryan K. Clougherty, Senior Attorney, (202) 898–3843, Legal Division, Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, DC 20429. SUPPLEMENTARY INFORMATION: On January 23, 2012, the proposed rule was published in the Federal Register.3 The proposed rule implements section 165(i)(2) of the Dodd-Frank Act which requires the Corporation to issue regulations that require FDIC-insured state nonmember banks and FDICinsured state-chartered savings associations with total consolidated assets of more than $10 billion (‘‘covered banks’’) to conduct annual stress tests (‘‘bank-run stress tests’’). The proposed rule defines the term ‘‘stress test’’ for purposes of the regulations; establishes methodologies for the conduct of the stress tests; establishes the form and content of a required report on the stress tests that banks must submit to the Corporation; and requires covered banks to publish a summary of the results of the required stress tests. In recognition of the complexities of the rulemaking and the variety of considerations involved in its impact and implementation, the FDIC requested that commenters respond to questions in the proposed rule. The proposed rule stated that the public comment period would close on March 23, 2012.4 The FDIC has received requests from the public for an extension of the comment period. The FDIC believes that it is important to allow parties more time to consider the impact of the proposed rule, and that such an extension will facilitate further public comment on the proposed rule. Therefore, the FDIC is extending the deadline for submitting comments on the proposed rule from March 23, 2012, to April 30, 2012. Dated at Washington, DC, this 16th day of March 2012. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2012–6799 Filed 3–20–12; 8:45 am] BILLING CODE 6714–01–P 2 See 77 FR 3166 (January 23, 2012). id. 4 See id. 3 See VerDate Mar<15>2010 17:11 Mar 20, 2012 Jkt 226001 FARM CREDIT ADMINISTRATION 12 CFR Parts 611, 612, 619, 620 and 630 RIN 3052–AC41 Compensation, Retirement Programs, and Related Benefits Farm Credit Administration. Proposed rule; extension of comment period. AGENCY: ACTION: The Farm Credit Administration (FCA, us, we, or our) published a proposed rule to amend our regulations related to Farm Credit System (System) bank and association disclosures to shareholders and investors. The proposed rule would require enhanced reporting of senior officer compensation and retirement programs and reporting to shareholders of significant events that occur between annual reporting periods. The proposed rule would also identify the minimum responsibilities a compensation committee must perform and require that System banks and associations provide for a nonbinding, advisory vote on senior officer compensation. To allow interested parties additional time to submit comments, we are extending the comment period on the proposed rule from March 23, 2012 to April 16, 2012. DATES: Comments on the proposed rule must be submitted on or before April 16, 2012. ADDRESSES: We offer a variety of methods for you to submit your comments. For accuracy and efficiency reasons, commenters are encouraged to submit comments by email or through the FCA’s Web site. As facsimiles (fax) are difficult for us to process and achieve compliance with section 508 of the Rehabilitation Act, we no longer accept comments submitted by fax. Regardless of the method you use, please do not submit your comments multiple times via different methods. You may submit comments by any of the following methods: • Email: Send an email to regcomm@fca.gov. • FCA Web site: https://www.fca.gov. Select ‘‘Public Commenters,’’ then ‘‘Public Comments,’’ and follow the directions for ‘‘Submitting a Comment.’’ • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • Mail: Gary K. Van Meter, Director, Office of Regulatory Policy, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102–5090. You may review copies of all comments we receive at our office in SUMMARY: PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 16485 McLean, Virginia or on our Web site at https://www.fca.gov. Once you are in the Web site, select ‘‘Public Commenters,’’ then ‘‘Public Comments,’’ and follow the directions for ‘‘Reading Submitted Public Comments.’’ We will show your comments as submitted, including any supporting data provided, but for technical reasons we may omit items such as logos and special characters. Identifying information that you provide, such as phone numbers and addresses, will be publicly available. However, we will attempt to remove email addresses to help reduce Internet spam. FOR FURTHER INFORMATION CONTACT: Deborah Wilson, Senior Accountant, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102–5090, (703) 883–4414, TTY (703) 883–4434, or Laura McFarland, Senior Counsel, Office of General Counsel, Farm Credit Administration, McLean, VA 22102–5090, (703) 883–4020, TTY (703) 883–4020. On January 23, 2012, the FCA published a proposed rule in the Federal Register seeking public comment on proposed changes to senior officer compensation disclosures and related topics. See 77 FR 3172. The comment period is scheduled to close on March 23, 2012. The FCA received several letters in response to the proposed rule requesting we extend the comment period by 60 days. Many of the commenters explained that the proposed rule was published while System institutions were fully engaged in completion of their annual reports. The commenters emphasized that System institutions have significant interest in the proposed rule and were, therefore, requesting more time to evaluate and comment in a thoughtful and coordinated manner. The FCA supports public involvement and participation in its regulatory process and invites all interested parties to review and comment on our proposed rule. We balanced the request for more time against the fact that most of the issues in the proposed rule were previously subject to a 120-day comment period under an Advance Notice of Proposed Rulemaking (75 FR 70619, November 18, 2010). We also considered that a related proposed rule on the System Audit Committee (77 FR 8179, February 14, 2012) has a comment period closing April 16. As a result, we are extending the comment period 24 days instead of the requested 60 days to coincide with the related proposed rule. SUPPLEMENTARY INFORMATION: E:\FR\FM\21MRP1.SGM 21MRP1 16486 Federal Register / Vol. 77, No. 55 / Wednesday, March 21, 2012 / Proposed Rules Dated: March 15, 2012. Dale L. Aultman, Secretary, Farm Credit Administration Board. [FR Doc. 2012–6806 Filed 3–20–12; 8:45 am] BILLING CODE 6705–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2012–0270; Directorate Identifier 2011–NM–113–AD] RIN 2120–AA64 Airworthiness Directives; Fokker Services B.V. Airplanes Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed rulemaking (NPRM). AGENCY: We propose to adopt a new airworthiness directive (AD) for all Fokker Services B.V. Model F.27 Mark 050 airplanes, and Model F.28 Mark 0070 and 0100 airplanes. This proposed AD was prompted by reports of loose nuts on contactors in the electrical power center (EPC), and in some cases, burned contactors. This proposed AD would require inspecting and, if necessary, adjusting, the torque values of nuts on circuit breakers, contactors and terminal blocks of the EPC and battery relay panel. This proposed AD would also require inspecting to determine if certain parts are installed, and installing the parts if necessary. We are proposing this AD to detect and correct loose nuts, which could result in arcing and potentially an onboard fire, possibly resulting in damage to the airplane and injury to occupants or maintenance personnel. DATES: We must receive comments on this proposed AD by May 7, 2012. ADDRESSES: You may send comments by any of the following methods: • Federal eRulemaking Portal: Go to https://www.regulations.gov. Follow the instructions for submitting comments. • Fax: (202) 493–2251. • Mail: U.S. Department of Transportation, Docket Operations, M–30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC 20590. • Hand Delivery: U.S. Department of Transportation, Docket Operations, M–30, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. srobinson on DSK4SPTVN1PROD with PROPOSALS SUMMARY: VerDate Mar<15>2010 17:11 Mar 20, 2012 Jkt 226001 For service information identified in this proposed AD, contact Fokker Services B.V., Technical Services Dept., P.O. Box 231, 2150 AE Nieuw-Vennep, the Netherlands; telephone +31 (0)252– 627–350; fax +31 (0)252–627–211; email technicalservices.fokkerservices@stork. com; Internet https://www.myfokker fleet.com. You may review copies of the referenced service information at the FAA, Transport Airplane Directorate, 1601 Lind Avenue SW., Renton, Washington. For information on the availability of this material at the FAA, call 425–227–1221. Examining the AD Docket You may examine the AD docket on the Internet at https:// www.regulations.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 this proposed AD, the regulatory evaluation, any comments received, and other information. The street address for the Docket Operations office (telephone (800) 647–5527) is in the ADDRESSES section. Comments will be available in the AD docket shortly after receipt. FOR FURTHER INFORMATION CONTACT: Tom Rodriguez, Aerospace Engineer, International Branch, ANM–116, Transport Airplane Directorate, FAA, 1601 Lind Avenue SW., Renton, Washington 98057–3356; telephone (425) 227–1137; fax (425) 227–1149. SUPPLEMENTARY INFORMATION: Comments Invited We invite you to send any written relevant data, views, or arguments about this proposed AD. Send your comments to an address listed under the ADDRESSES section. Include ‘‘Docket No. FAA–2012–0270; Directorate Identifier 2011–NM–113–AD’’ at the beginning of your comments. We specifically invite comments on the overall regulatory, economic, environmental, and energy aspects of this proposed AD. We will consider all comments received by the closing date and may amend this proposed AD based on those comments. We will post all comments we receive, without change, to https:// www.regulations.gov, including any personal information you provide. We will also post a report summarizing each substantive verbal contact we receive about this proposed AD. Discussion The European Aviation Safety Agency (EASA), which is the Technical Agent for the Member States of the European Community, has issued EASA Airworthiness Directive 2011–0083, PO 00000 Frm 00004 Fmt 4702 Sfmt 4702 dated May 12, 2011 (referred to after this as ‘‘the MCAI’’), to correct an unsafe condition for the specified products. The MCAI states: In December 1989, Fokker issued Service Bulletin (SB) SBF50–24–A013 and SBF100– 24–A011 (both Alert Bulletins) to instruct operators to inspect and adjust several torque values of bus bars and contactors in the EPC. The Civil Aviation Authority of The Netherlands (CAA–NL, formerly RLD) issued AD (BLA) 89–159 and BLA 89–157 respectively (both now at issue 2), to require operators of the affected aeroplanes to comply with the instructions of these SBs. Since those ADs were issued, several operators have reported finding loose nuts on contactors in the EPC of Fokker 50/60 aeroplanes in post-SBF50–24–A013 configuration and on Fokker 70/100 aeroplanes in post-SBF100–24–A011 configuration. In some cases, the findings included damaged (burned) contactors. This condition, if not detected and corrected, could lead to arcing and, in combination with other factors, to an onboard fire, possibly resulting in damage to the aeroplane and injury to occupants or maintenance personnel. For the reasons described above, this [EASA] AD requires a one-time [torque check] inspection and, depending on findings, adjustment of the torque values of nuts on circuit breakers, contactors and terminal blocks [of the EPC and battery relay panel]. The required actions include doing a general visual inspection to determine if either the lock washer, flat washer and nut, or locking nut and flat washer, are installed; and installing a new lock washer or self-locking nut, if necessary; and applying torque inspection lacquer. You may obtain further information by examining the MCAI in the AD docket. Relevant Service Information Fokker Services B.V. has issued Fokker Service Bulletins SBF50–24– 032, including Fokker Manual Change Notification—Maintenance Documentation MCNM–F50–072 (for Model F.27 Mark 050 airplanes), and SBF100–24–043, including Fokker Manual Change Notification— Maintenance Documentation MCNM– F100–141 (for Model F.28 Mark 0070 and 0100 airplanes), both dated February 10, 2011. The actions described in this service information are intended to correct the unsafe condition identified in the MCAI. FAA’s Determination and Requirements of This Proposed AD This product has been approved by the aviation authority of another country, and is approved for operation in the United States. Pursuant to our bilateral agreement with the State of Design Authority, we have been notified E:\FR\FM\21MRP1.SGM 21MRP1

Agencies

[Federal Register Volume 77, Number 55 (Wednesday, March 21, 2012)]
[Proposed Rules]
[Pages 16485-16486]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-6806]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 612, 619, 620 and 630

RIN 3052-AC41


Compensation, Retirement Programs, and Related Benefits

AGENCY: Farm Credit Administration.

ACTION: Proposed rule; extension of comment period.

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

SUMMARY: The Farm Credit Administration (FCA, us, we, or our) published 
a proposed rule to amend our regulations related to Farm Credit System 
(System) bank and association disclosures to shareholders and 
investors. The proposed rule would require enhanced reporting of senior 
officer compensation and retirement programs and reporting to 
shareholders of significant events that occur between annual reporting 
periods. The proposed rule would also identify the minimum 
responsibilities a compensation committee must perform and require that 
System banks and associations provide for a nonbinding, advisory vote 
on senior officer compensation. To allow interested parties additional 
time to submit comments, we are extending the comment period on the 
proposed rule from March 23, 2012 to April 16, 2012.

DATES: Comments on the proposed rule must be submitted on or before 
April 16, 2012.

ADDRESSES: We offer a variety of methods for you to submit your 
comments. For accuracy and efficiency reasons, commenters are 
encouraged to submit comments by email or through the FCA's Web site. 
As facsimiles (fax) are difficult for us to process and achieve 
compliance with section 508 of the Rehabilitation Act, we no longer 
accept comments submitted by fax. Regardless of the method you use, 
please do not submit your comments multiple times via different 
methods. You may submit comments by any of the following methods:
     Email: Send an email to reg-comm@fca.gov.
     FCA Web site: https://www.fca.gov. Select ``Public 
Commenters,'' then ``Public Comments,'' and follow the directions for 
``Submitting a Comment.''
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail: Gary K. Van Meter, Director, Office of Regulatory 
Policy, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 
22102-5090.
    You may review copies of all comments we receive at our office in 
McLean, Virginia or on our Web site at https://www.fca.gov. Once you are 
in the Web site, select ``Public Commenters,'' then ``Public 
Comments,'' and follow the directions for ``Reading Submitted Public 
Comments.'' We will show your comments as submitted, including any 
supporting data provided, but for technical reasons we may omit items 
such as logos and special characters. Identifying information that you 
provide, such as phone numbers and addresses, will be publicly 
available. However, we will attempt to remove email addresses to help 
reduce Internet spam.

FOR FURTHER INFORMATION CONTACT:
Deborah Wilson, Senior Accountant, Office of Regulatory Policy, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4414, TTY (703) 
883-4434, or
Laura McFarland, Senior Counsel, Office of General Counsel, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-
4020.

SUPPLEMENTARY INFORMATION: On January 23, 2012, the FCA published a 
proposed rule in the Federal Register seeking public comment on 
proposed changes to senior officer compensation disclosures and related 
topics. See 77 FR 3172. The comment period is scheduled to close on 
March 23, 2012. The FCA received several letters in response to the 
proposed rule requesting we extend the comment period by 60 days. Many 
of the commenters explained that the proposed rule was published while 
System institutions were fully engaged in completion of their annual 
reports. The commenters emphasized that System institutions have 
significant interest in the proposed rule and were, therefore, 
requesting more time to evaluate and comment in a thoughtful and 
coordinated manner.
    The FCA supports public involvement and participation in its 
regulatory process and invites all interested parties to review and 
comment on our proposed rule. We balanced the request for more time 
against the fact that most of the issues in the proposed rule were 
previously subject to a 120-day comment period under an Advance Notice 
of Proposed Rulemaking (75 FR 70619, November 18, 2010). We also 
considered that a related proposed rule on the System Audit Committee 
(77 FR 8179, February 14, 2012) has a comment period closing April 16. 
As a result, we are extending the comment period 24 days instead of the 
requested 60 days to coincide with the related proposed rule.


[[Page 16486]]


    Dated: March 15, 2012.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2012-6806 Filed 3-20-12; 8:45 am]
BILLING CODE 6705-01-P
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