Amendment of Class E Airspace; Flippin, AR, 6671-6672 [2019-03284]
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Federal Register / Vol. 84, No. 40 / Thursday, February 28, 2019 / Rules and Regulations
supervisory stress tests. An independent unit
of validation staff within the Federal Reserve,
with input from an advisory council of
academic experts not affiliated with the
Federal Reserve, ensures that stress test
models are subject to effective challenge,
defined as critical analysis by objective,
informed parties that can identify model
limitations and recommend appropriate
changes.
(b) The Federal Reserve’s supervisory
model validation program, built upon the
principles of independence, technical
competence, and stature, is able to subject
models to effective challenge, expanding
upon efforts made by supervisory modeling
teams to manage model risk and confirming
that supervisory models are appropriate for
their intended uses. The supervisory model
validation program produces reviews that are
consistent, thorough, and comprehensive. Its
structure ensures independence from the
Federal Reserve’s model development
function, and its prominent role in
communicating the state of model risk to the
Board of Governors assures its stature within
the Federal Reserve.
khammond on DSKBBV9HB2PROD with RULES
3.1. Structural Independence
(a) The management and staff of the
internal model validation program are
structurally independent from the model
development teams. Validators do not report
to model developers, and vice versa. This
ensures that model validation is conducted
and overseen by objective parties. Validation
staff’s performance criteria include an ability
to review all aspects of the models
rigorously, thoroughly, and objectively, and
to provide meaningful and clear feedback to
model developers and users.
(b) In addition, the Model Validation
Council, a council of external academic
experts, provides independent advice on the
Federal Reserve’s process to assess models
used in the supervisory stress test. In
biannual meetings with Federal Reserve
officials, members of the council discuss
selective supervisory models, after being
provided with detailed model documentation
for and non-public information about those
models. The documentation and discussions
enable the council to assess the effectiveness
of the models used in the supervisory stress
tests and of the overarching model validation
program.
3.2. Technical Competence of Validation
Staff
(a) The model validation program is
designed to provide thorough, high-quality
reviews that are consistent across supervisory
models.
(b) First, the model validation program
employs technically expert staff with
knowledge across model types. Second,
reviews for every supervisory model follow
the same set of review guidelines, and take
place on an ongoing basis. The model
validation program is comprehensive, in the
sense that validators assess all models
currently in use, expand the scope of
validation beyond basic model use, and cover
both model soundness and performance.
(c) The model validation program covers
three main areas of validation: (1) Conceptual
VerDate Sep<11>2014
16:48 Feb 27, 2019
Jkt 247001
soundness; (2) ongoing monitoring; and (3)
outcomes analysis. Validation staff evaluates
all aspects of model development,
implementation, and use, including but not
limited to theory, design, methodology, input
data, testing, performance, documentation
standards, implementation controls
(including access and change controls), and
code verification.
3.3. Stature of Validation Function
(a) The validation program informs the
Board of Governors about the state of model
risk in the overall stress testing program,
along with ongoing practices to control and
mitigate model risk.
(b) The model validation program
communicates its findings and
recommendations regarding model risk to
relevant parties within the Federal Reserve
System. Validators provide detailed feedback
to model developers and provide thematic
feedback or observations on the overall
system of models to the management of the
modeling teams. Model validation feedback
is also communicated to the users of
supervisory model output for use in their
deliberations and decisions about
supervisory stress testing. In addition, the
Director of the Division of Supervision and
Regulation approves all models used in the
supervisory stress test in advance of each
exercise, based on validators’
recommendations, development responses,
and suggestions for risk mitigants. In several
cases, models have been modified or
implemented differently based on validators’
feedback. The Model Validation Council also
contributes to the stature of the Federal
Reserve’s validation program, by providing
an external point of view on modifications to
supervisory models and on validation
program governance.
By order of the Board of Governors of the
Federal Reserve System, February 22, 2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019–03503 Filed 2–27–19; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 71
[Docket No. FAA–2018–0952; Airspace
Docket No. 18–ASW–16]
RIN 2120–AA66
Amendment of Class E Airspace;
Flippin, AR
Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule.
AGENCY:
This action modifies Class E
airspace extending upward from 700
feet above the surface at Marion County
Regional Airport, Flippin, AR, and
Baxter County Airport, Mountain Home,
SUMMARY:
PO 00000
Frm 00021
Fmt 4700
Sfmt 4700
6671
AR, which is contained within the
Flippin, AR, airspace legal description.
This action is due to an airspace review
caused by the decommissioning of the
Flippin VHF omnidirectional range
(VOR), which provided navigation
information to the instrument
procedures at this airport, as part of the
VOR Minimum Operational Network
(MON) Program. The geographic
coordinates of the Marion County
Regional Airport and name of Baxter
County Airport are also being updated
to coincide with the FAA’s aeronautical
database.
DATES: Effective 0901 UTC, April 25,
2019. The Director of the Federal
Register approves this incorporation by
reference action under Title 1 Code of
Federal Regulations part 51, subject to
the annual revision of FAA Order
7400.11 and publication of conforming
amendments.
ADDRESSES: FAA Order 7400.11C,
Airspace Designations and Reporting
Points, and subsequent amendments can
be viewed online at https://www.faa.gov/
air_traffic/publications/. For further
information, you can contact the
Airspace Policy Group, Federal Aviation
Administration, 800 Independence
Avenue SW, Washington, DC 20591;
telephone: (202) 267–8783. The Order is
also available for inspection at the
National Archives and Records
Administration (NARA). For
information on the availability of FAA
Order 7400.11C at NARA, call (202)
741–6030, or go to https://
www.archives.gov/federal-register/cfr/
ibr-locations.html. FAA Order 7400.11,
Airspace Designations and Reporting
Points, is published yearly and effective
on September 15.
FOR FURTHER INFORMATION CONTACT:
Jeffrey Claypool, Federal Aviation
Administration, Operations Support
Group, Central Service Center, 10101
Hillwood Parkway, Fort Worth, TX
76177; telephone (817) 222–5711.
SUPPLEMENTARY INFORMATION:
Authority for This Rulemaking
The FAA’s authority to issue rules
regarding aviation safety is found in
Title 49 of the United States Code.
Subtitle I, Section 106 describes the
authority of the FAA Administrator.
Subtitle VII, Aviation Programs,
describes in more detail the scope of the
agency’s authority. This rulemaking is
promulgated under the authority
described in Subtitle VII, Part A,
Subpart I, Section 40103. Under that
section, the FAA is charged with
prescribing regulations to assign the use
of airspace necessary to ensure the
safety of aircraft and the efficient use of
E:\FR\FM\28FER1.SGM
28FER1
6672
Federal Register / Vol. 84, No. 40 / Thursday, February 28, 2019 / Rules and Regulations
airspace. This regulation is within the
scope of that authority as it amends
Class E airspace extending upward from
700 feet above the surface at Marion
County Regional Airport, Flippin, AR,
and Baxter County Airport, Mountain
Home, AR, to support instrument flight
rule operations at these airports.
History
The FAA published a notice of
proposed rulemaking in the Federal
Register (83 FR 60789; November 27,
2018) for Docket No. FAA–2018–0952 to
amend Class E airspace extending
upward from 700 feet above the surface
at Marion County Regional Airport,
Flippin, AR, and Baxter County Airport,
Mountain Home, AR. Interested parties
were invited to participate in this
rulemaking effort by submitting written
comments on the proposal to the FAA.
No comments were received.
Class E airspace designations are
published in paragraph 6005 of FAA
Order 7400.11C, dated August 13, 2018,
and effective September 15, 2018, which
is incorporated by reference in 14 CFR
71.1. The Class E airspace designations
listed in this document will be
published subsequently in the Order.
khammond on DSKBBV9HB2PROD with RULES
Availability and Summary of
Documents for Incorporation by
Reference
This document amends FAA Order
7400.11C, Airspace Designations and
Reporting Points, dated August 13,
2018, and effective September 15, 2018.
FAA Order 7400.11C is publicly
available as listed in the ADDRESSES
section of this document. FAA Order
7400.11C lists Class A, B, C, D, and E
airspace areas, air traffic service routes,
and reporting points.
The Rule
This amendment to Title 14 Code of
Federal Regulations (14 CFR) part 71 by:
Modifying the Class E airspace
extending upward from 700 feet above
the surface at Marion County Regional
Airport, Flippin, AR, to within a 6.5mile radius (increased from a 6.4-mile
radius); removing the Flippin VOR/DME
from the airspace legal description;
removing the extension east of the
airport; removing the city associated
with the airport from the airspace legal
description to comply with FAA Order
7400.2L, Procedures for Handling
Airspace Matters; and updating the
geographic coordinates of the airport to
coincide with the FAA’s aeronautical
database.
And modifying the Class E airspace
extending upward from 700 feet above
the surface at Baxter County Airport
(previously Baxter County Regional
VerDate Sep<11>2014
16:48 Feb 27, 2019
Jkt 247001
Airport), Mountain Home, AR, by
removing the extension south of the
airport associated with the Flippin
VOR/DME; removing the city associated
with the airport from the airspace legal
description to comply with FAA Order
7400.2L; and updating the name of the
airport to coincide with the FAA’s
aeronautical database. This action is the
result of an airspace review caused by
the decommissioning of the Flippin
VOR, which provided navigation
information for the instrument
procedures at these airports, as part of
the VOR MON Program.
Regulatory Notices and Analyses
The FAA has determined that this
regulation only involves an established
body of technical regulations for which
frequent and routine amendments are
necessary to keep them operationally
current, is non-controversial and
unlikely to result in adverse or negative
comments. It, therefore: (1) Is not a
‘‘significant regulatory action’’ under
Executive Order 12866; (2) is not a
‘‘significant rule’’ under DOT
Regulatory Policies and Procedures (44
FR 11034; February 26, 1979); and (3)
does not warrant preparation of a
regulatory evaluation as the anticipated
impact is so minimal. Since this is a
routine matter that only affects air traffic
procedures and air navigation, it is
certified that this rule, when
promulgated, does not have a significant
economic impact on a substantial
number of small entities under the
criteria of the Regulatory Flexibility Act.
Environmental Review
The FAA has determined that this
action qualifies for categorical exclusion
under the National Environmental
Policy Act in accordance with FAA
Order 1050.1F, ‘‘Environmental
Impacts: Policies and Procedures,’’
paragraph 5–6.5.a. This airspace action
is not expected to cause any potentially
significant environmental impacts, and
no extraordinary circumstances exist
that warrant preparation of an
environmental assessment.
Lists of Subjects in 14 CFR Part 71
Airspace, Incorporation by reference,
Navigation (air).
Adoption of the Amendment
In consideration of the foregoing, the
Federal Aviation Administration
amends 14 CFR part 71 as follows:
PO 00000
Frm 00022
Fmt 4700
Sfmt 4700
PART 71—DESIGNATION OF CLASS A,
B, C, D, AND E AIRSPACE AREAS; AIR
TRAFFIC SERVICE ROUTES; AND
REPORTING POINTS
1. The authority citation for part 71
continues to read as follows:
■
Authority: 49 U.S.C. 106(f), 106(g); 40103,
40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR,
1959–1963 Comp., p. 389.
§ 71.1
[Amended]
2. The incorporation by reference in
14 CFR 71.1 of FAA Order 7400.11C,
Airspace Designations and Reporting
Points, dated August 13, 2018, and
effective September 15, 2018, is
amended as follows:
■
Paragraph 6005 Class E Airspace Areas
Extending Upward From 700 Feet or More
Above the Surface of the Earth
*
*
*
*
*
ASW AR E5 Flippin, AR [Amended]
Marion County Regional Airport, AR
(Lat. 36°17′27″ N, long. 92°35′25″ W)
Baxter County Airport, AR
(Lat. 36°22′08″ N, long. 92°28′14″ W)
That airspace extending upward from 700
feet above the surface within a 6.5-mile
radius of Marion County Regional Airport
and within a 6.5-mile radius of Baxter
County Airport.
Issued in Fort Worth, Texas, on February
20, 2019.
John A. Witucki,
Acting Manager, Operations Support Group,
ATO Central Service Center.
[FR Doc. 2019–03284 Filed 2–27–19; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Food and Drug Administration
21 CFR Parts 312 and 314
[Docket No. FDA–2019–N–0646]
Change of Address; Technical
Amendment
AGENCY:
Food and Drug Administration,
HHS.
Final rule; technical
amendment.
ACTION:
The Food and Drug
Administration (FDA or Agency) is
amending its regulations to reflect a
change of address for the Center for
Drug Evaluation and Research’s
(CDER’s) Office of Generic Drugs (OGD)
Document Room from Rockville, MD, to
Beltsville, MD. This action is being
taken to ensure accuracy and clarity in
the Agency’s regulations.
SUMMARY:
E:\FR\FM\28FER1.SGM
28FER1
]]>Agencies
[Federal Register Volume 84, Number 40 (Thursday, February 28, 2019)]
[Rules and Regulations]
[Pages 6671-6672]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03284]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 71
[Docket No. FAA-2018-0952; Airspace Docket No. 18-ASW-16]
RIN 2120-AA66
Amendment of Class E Airspace; Flippin, AR
AGENCY: Federal Aviation Administration (FAA), DOT.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: This action modifies Class E airspace extending upward from
700 feet above the surface at Marion County Regional Airport, Flippin,
AR, and Baxter County Airport, Mountain Home, AR, which is contained
within the Flippin, AR, airspace legal description. This action is due
to an airspace review caused by the decommissioning of the Flippin VHF
omnidirectional range (VOR), which provided navigation information to
the instrument procedures at this airport, as part of the VOR Minimum
Operational Network (MON) Program. The geographic coordinates of the
Marion County Regional Airport and name of Baxter County Airport are
also being updated to coincide with the FAA's aeronautical database.
DATES: Effective 0901 UTC, April 25, 2019. The Director of the Federal
Register approves this incorporation by reference action under Title 1
Code of Federal Regulations part 51, subject to the annual revision of
FAA Order 7400.11 and publication of conforming amendments.
ADDRESSES: FAA Order 7400.11C, Airspace Designations and Reporting
Points, and subsequent amendments can be viewed online at https://www.faa.gov/air_traffic/publications/. For further information, you can
contact the Airspace Policy Group, Federal Aviation Administration, 800
Independence Avenue SW, Washington, DC 20591; telephone: (202) 267-
8783. The Order is also available for inspection at the National
Archives and Records Administration (NARA). For information on the
availability of FAA Order 7400.11C at NARA, call (202) 741-6030, or go
to https://www.archives.gov/federal-register/cfr/ibr-locations.html.
FAA Order 7400.11, Airspace Designations and Reporting Points, is
published yearly and effective on September 15.
FOR FURTHER INFORMATION CONTACT: Jeffrey Claypool, Federal Aviation
Administration, Operations Support Group, Central Service Center, 10101
Hillwood Parkway, Fort Worth, TX 76177; telephone (817) 222-5711.
SUPPLEMENTARY INFORMATION:
Authority for This Rulemaking
The FAA's authority to issue rules regarding aviation safety is
found in Title 49 of the United States Code. Subtitle I, Section 106
describes the authority of the FAA Administrator. Subtitle VII,
Aviation Programs, describes in more detail the scope of the agency's
authority. This rulemaking is promulgated under the authority described
in Subtitle VII, Part A, Subpart I, Section 40103. Under that section,
the FAA is charged with prescribing regulations to assign the use of
airspace necessary to ensure the safety of aircraft and the efficient
use of
[[Page 6672]]
airspace. This regulation is within the scope of that authority as it
amends Class E airspace extending upward from 700 feet above the
surface at Marion County Regional Airport, Flippin, AR, and Baxter
County Airport, Mountain Home, AR, to support instrument flight rule
operations at these airports.
History
The FAA published a notice of proposed rulemaking in the Federal
Register (83 FR 60789; November 27, 2018) for Docket No. FAA-2018-0952
to amend Class E airspace extending upward from 700 feet above the
surface at Marion County Regional Airport, Flippin, AR, and Baxter
County Airport, Mountain Home, AR. Interested parties were invited to
participate in this rulemaking effort by submitting written comments on
the proposal to the FAA. No comments were received.
Class E airspace designations are published in paragraph 6005 of
FAA Order 7400.11C, dated August 13, 2018, and effective September 15,
2018, which is incorporated by reference in 14 CFR 71.1. The Class E
airspace designations listed in this document will be published
subsequently in the Order.
Availability and Summary of Documents for Incorporation by Reference
This document amends FAA Order 7400.11C, Airspace Designations and
Reporting Points, dated August 13, 2018, and effective September 15,
2018. FAA Order 7400.11C is publicly available as listed in the
ADDRESSES section of this document. FAA Order 7400.11C lists Class A,
B, C, D, and E airspace areas, air traffic service routes, and
reporting points.
The Rule
This amendment to Title 14 Code of Federal Regulations (14 CFR)
part 71 by: Modifying the Class E airspace extending upward from 700
feet above the surface at Marion County Regional Airport, Flippin, AR,
to within a 6.5-mile radius (increased from a 6.4-mile radius);
removing the Flippin VOR/DME from the airspace legal description;
removing the extension east of the airport; removing the city
associated with the airport from the airspace legal description to
comply with FAA Order 7400.2L, Procedures for Handling Airspace
Matters; and updating the geographic coordinates of the airport to
coincide with the FAA's aeronautical database.
And modifying the Class E airspace extending upward from 700 feet
above the surface at Baxter County Airport (previously Baxter County
Regional Airport), Mountain Home, AR, by removing the extension south
of the airport associated with the Flippin VOR/DME; removing the city
associated with the airport from the airspace legal description to
comply with FAA Order 7400.2L; and updating the name of the airport to
coincide with the FAA's aeronautical database. This action is the
result of an airspace review caused by the decommissioning of the
Flippin VOR, which provided navigation information for the instrument
procedures at these airports, as part of the VOR MON Program.
Regulatory Notices and Analyses
The FAA has determined that this regulation only involves an
established body of technical regulations for which frequent and
routine amendments are necessary to keep them operationally current, is
non-controversial and unlikely to result in adverse or negative
comments. It, therefore: (1) Is not a ``significant regulatory action''
under Executive Order 12866; (2) is not a ``significant rule'' under
DOT Regulatory Policies and Procedures (44 FR 11034; February 26,
1979); and (3) does not warrant preparation of a regulatory evaluation
as the anticipated impact is so minimal. Since this is a routine matter
that only affects air traffic procedures and air navigation, it is
certified that this rule, when promulgated, does not have a significant
economic impact on a substantial number of small entities under the
criteria of the Regulatory Flexibility Act.
Environmental Review
The FAA has determined that this action qualifies for categorical
exclusion under the National Environmental Policy Act in accordance
with FAA Order 1050.1F, ``Environmental Impacts: Policies and
Procedures,'' paragraph 5-6.5.a. This airspace action is not expected
to cause any potentially significant environmental impacts, and no
extraordinary circumstances exist that warrant preparation of an
environmental assessment.
Lists of Subjects in 14 CFR Part 71
Airspace, Incorporation by reference, Navigation (air).
Adoption of the Amendment
In consideration of the foregoing, the Federal Aviation
Administration amends 14 CFR part 71 as follows:
PART 71--DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR
TRAFFIC SERVICE ROUTES; AND REPORTING POINTS
0
1. The authority citation for part 71 continues to read as follows:
Authority: 49 U.S.C. 106(f), 106(g); 40103, 40113, 40120; E.O.
10854, 24 FR 9565, 3 CFR, 1959-1963 Comp., p. 389.
Sec. 71.1 [Amended]
0
2. The incorporation by reference in 14 CFR 71.1 of FAA Order 7400.11C,
Airspace Designations and Reporting Points, dated August 13, 2018, and
effective September 15, 2018, is amended as follows:
Paragraph 6005 Class E Airspace Areas Extending Upward From 700
Feet or More Above the Surface of the Earth
* * * * *
ASW AR E5 Flippin, AR [Amended]
Marion County Regional Airport, AR
(Lat. 36[deg]17'27'' N, long. 92[deg]35'25'' W)
Baxter County Airport, AR
(Lat. 36[deg]22'08'' N, long. 92[deg]28'14'' W)
That airspace extending upward from 700 feet above the surface
within a 6.5-mile radius of Marion County Regional Airport and
within a 6.5-mile radius of Baxter County Airport.
Issued in Fort Worth, Texas, on February 20, 2019.
John A. Witucki,
Acting Manager, Operations Support Group, ATO Central Service Center.
[FR Doc. 2019-03284 Filed 2-27-19; 8:45 am]
BILLING CODE 4910-13-P
