Standard Instrument Approach Procedures, and Takeoff Minimums and Obstacle Departure Procedures; Miscellaneous Amendments, 42230-42231 [2023-13875]
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42230
Federal Register / Vol. 88, No. 125 / Friday, June 30, 2023 / Rules and Regulations
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 97
[Docket No. 31492; Amdt. No. 4065]
Standard Instrument Approach
Procedures, and Takeoff Minimums
and Obstacle Departure Procedures;
Miscellaneous Amendments
Federal Aviation
Administration (FAA), DOT.
ACTION: Final rule.
AGENCY:
This rule establishes, amends,
suspends, or removes Standard
Instrument Approach Procedures
(SIAPS) and associated Takeoff
Minimums and Obstacle Departure
procedures (ODPs) for operations at
certain airports. These regulatory
actions are needed because of the
adoption of new or revised criteria, or
because of changes occurring in the
National Airspace System, such as the
commissioning of new navigational
facilities, adding new obstacles, or
changing air traffic requirements. These
changes are designed to provide safe
and efficient use of the navigable
airspace and to promote safe flight
operations under instrument flight rules
at the affected airports.
DATES: This rule is effective June 30,
2023. The compliance date for each
SIAP, associated Takeoff Minimums,
and ODP is specified in the amendatory
provisions.
The incorporation by reference of
certain publications listed in the
regulations is approved by the Director
of the Federal Register as of June 30,
2023.
SUMMARY:
Availability of matters
incorporated by reference in the
amendment is as follows:
ADDRESSES:
ddrumheller on DSK120RN23PROD with RULES1
For Examination
1. U.S. Department of Transportation,
Docket Ops–M30. 1200 New Jersey
Avenue SE, West Bldg., Ground Floor,
Washington, DC 20590–0001.
2. The FAA Air Traffic Organization
Service Area in which the affected
airport is located;
3. The office of Aeronautical
Information Services, 6500 South
MacArthur Blvd., Oklahoma City, OK
73169 or,
4. The National Archives and Records
Administration (NARA). For
information on the availability of this
material at NARA, email fr.inspection@
nara.gov or go to: https://
www.archives.gov/federal-register/cfr/
ibr-locations.html.
VerDate Sep<11>2014
16:27 Jun 29, 2023
Jkt 259001
Availability
All SIAPs and Takeoff Minimums and
ODPs are available online free of charge.
Visit the National Flight Data Center at
nfdc.faa.gov to register. Additionally,
individual SIAP and Takeoff Minimums
and ODP copies may be obtained from
the FAA Air Traffic Organization
Service Area in which the affected
airport is located.
FOR FURTHER INFORMATION CONTACT:
Thomas J. Nichols, Flight Procedures
and Airspace Group, Flight
Technologies and Procedures Division,
Flight Standards Service, Federal
Aviation Administration. Mailing
Address: FAA Mike Monroney
Aeronautical Center, Flight Procedures
and Airspace Group, 6500 South
MacArthur Blvd., STB Annex, Bldg. 26,
Room 217, Oklahoma City, OK 73099.
Telephone (405) 954–1139.
SUPPLEMENTARY INFORMATION: This rule
amends 14 CFR part 97 by establishing,
amending, suspending, or removes
SIAPS, Takeoff Minimums and/or
ODPS. The complete regulatory
description of each SIAP and its
associated Takeoff Minimums or ODP
for an identified airport is listed on FAA
form documents which are incorporated
by reference in this amendment under 5
U.S.C. 552(a), 1 CFR part 51, and 14
CFR 97.20. The applicable FAA Forms
8260–3, 8260–4, 8260–5, 8260–15A,
8260–15B, when required by an entry
on 8260–15A, and 8260–15C.
The large number of SIAPs, Takeoff
Minimums and ODPs, their complex
nature, and the need for a special format
make publication in the Federal
Register expensive and impractical.
Further, airmen do not use the
regulatory text of the SIAPs, Takeoff
Minimums or ODPs, but instead refer to
their graphic depiction on charts
printed by publishers or aeronautical
materials. Thus, the advantages of
incorporation by reference are realized
and publication of the complete
description of each SIAP, Takeoff
Minimums and ODP listed on FAA form
documents is unnecessary. This
amendment provides the affected CFR
sections and specifies the typed of
SIAPS, Takeoff Minimums and ODPs
with their applicable effective dates.
This amendment also identifies the
airport and its location, the procedure,
and the amendment number.
Availability and Summary of Material
Incorporated by Reference
The material incorporated by
reference is publicly available as listed
in the ADDRESSES section.
The material incorporated by
reference describes SIAPS, Takeoff
PO 00000
Frm 00004
Fmt 4700
Sfmt 4700
Minimums and/or ODPs as identified in
the amendatory language for part 97 of
this final rule.
The Rule
This amendment to 14 CFR part 97 is
effective upon publication of each
separate SIAP, Takeoff Minimums and
ODP as amended in the transmittal.
Some SIAP and Takeoff Minimums and
textual ODP amendments may have
been issued previously by the FAA in a
Flight Data Center (FDC) Notice to
Airmen (NOTAM) as an emergency
action of immediate flights safety
relating directly to published
aeronautical charts.
The circumstances that created the
need for some SIAP and Takeoff
Minimums and ODP amendments may
require making them effective in less
than 30 days. For the remaining SIAPs
and Takeoff Minimums and ODPs, an
effective date at least 30 days after
publication is provided.
Further, the SIAPs and Takeoff
Minimums and ODPs contained in this
amendment are based on the criteria
contained in the U.S. Standard for
Terminal Instrument Procedures
(TERPS). In developing these SIAPs and
Takeoff Minimums and ODPs, the
TERPS criteria were applied to the
conditions existing or anticipated at the
affected airports. Because of the close
and immediate relationship between
these SIAPs, Takeoff Minimums and
ODPs, and safety in air commerce, I find
that notice and public procedure under
5 U.S.C. 553(b) are impracticable and
contrary to the public interest and,
where applicable, under 5 U.S.C. 553(d),
good cause exists for making some
SIAPs effective in less than 30 days.
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. 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. For the same
reason, the FAA certifies that this
amendment will not have a significant
economic impact on a substantial
number of small entities under the
criteria of the Regulatory Flexibility Act.
Lists of Subjects in 14 CFR Part 97
Air traffic control, Airports,
Incorporation by reference, Navigation
(air).
E:\FR\FM\30JNR1.SGM
30JNR1
Federal Register / Vol. 88, No. 125 / Friday, June 30, 2023 / Rules and Regulations
Issued in Washington, DC, on June 9, 2023.
Thomas J. Nichols,
Aviation Safety, Flight Standards Service,
Manager, Standards Section, Flight
Procedures & Airspace Group, Flight
Technologies & Procedures Division.
DEPARTMENT OF THE TREASURY
Adoption of the Amendment
RIN 1545–BO91
Accordingly, pursuant to the
authority delegated to me, 14 CFR part
97 is amended by establishing,
amending, suspending, or removing
Standard Instrument Approach
Procedures and/or Takeoff Minimums
and Obstacle Departure Procedures
effective at 0901 UTC on the dates
specified, as follows:
Additional Guidance on the Transition
From Interbank Offer Rates to Other
Reference Rates With Respect to the
Interest Rates of a Foreign Bank
PART 97—STANDARD INSTRUMENT
APPROACH PROCEDURES
1. The authority citation for part 97
continues to read as follows:
■
Authority: 49 U.S.C. 106(f), 106(g), 40103,
40106, 40113, 40114, 40120, 44502, 44514,
44701, 44719, 44721–44722.
2. Part 97 is amended to read as
follows:
■
Effective 13 July 2023
Danbury, CT, KDXR, RNAV (GPS) Z RWY 8,
Orig
ddrumheller on DSK120RN23PROD with RULES1
Effective 10 August 2023
Phoenix, AZ, KDVT, DEER VALLEY THREE,
Graphic DP
Washington, IN, KDCY, RNAV (GPS) RWY
18, Amdt 2
Washington, IN, KDCY, Takeoff Minimums
and Obstacle DP, Amdt 1
Pinecreek, MN, 48Y, RNAV (GPS) RWY 15,
Orig-C
Andrews, NC, KRHP, RNAV (GPS) RWY 8,
Amdt 2
Andrews, NC, KRHP, Takeoff Minimums and
Obstacle DP, Amdt 2
Goldsboro, NC, KGWW, ILS OR LOC RWY
23, Amdt 2D
Devils Lake, ND, KDVL, ILS OR LOC RWY
31, Amdt 4
Devils Lake, ND, KDVL, RNAV (GPS) RWY
31, Amdt 2
Langdon, ND, D55, RNAV (GPS) RWY 14,
Orig-B
Langdon, ND, D55, RNAV (GPS) RWY 32,
Orig-B
Atlantic City, NJ, KACY, ILS Z OR LOC Z
RWY 13, Amdt 8D
Manning, SC, KMNI, NDB RWY 2, Amdt 3
Manning, SC, KMNI, VOR/DME OR GPS–A,
Amdt 4B, CANCELED
Moncks Corner, SC, KMKS, RNAV (GPS)
RWY 23, Amdt 1
Winchester, VA, KOKV, RNAV (GPS) RWY
14, Amdt 2
[FR Doc. 2023–13875 Filed 6–29–23; 8:45 am]
BILLING CODE 4910–13–P
VerDate Sep<11>2014
16:27 Jun 29, 2023
Jkt 259001
Internal Revenue Service
26 CFR Part 1
[TD 9976]
Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations.
AGENCY:
This document contains
additional final regulations that provide
guidance on the transition away from
the use of interbank offer rates
(‘‘IBORs’’) to other reference rates.
Specifically, this regulation provides the
replacement rate for the IBOR presently
used in the published rate election,
which may be used by taxpayers to
determine the amount of interest
expense attributable to their excess U.S.connected liabilities and allocable to
income that is effectively connected
with the conduct of a trade or business
within the United States (‘‘ECI’’). The
final regulations will affect foreign
banks that have income that is ECI.
DATES:
Effective date: This regulation is
effective on June 30, 2023.
Applicability date: For dates of
applicability, see § 1.882–5(f)(3).
FOR FURTHER INFORMATION CONTACT: D.
Peter Merkel or Caleb W. Trimm, (202)
317–6938 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
This document contains final
regulations that provide for the
replacement of the 30-day IBOR rate
presently referenced by § 1.882–
5(d)(5)(ii)(B) with the Secured
Overnight Financing Rate (‘‘SOFR’’) of
the same tenor, plus a fixed spread
adjustment.
I. Discontinuation of IBORs and
Transition to SOFRs
The London Interbank Offered Rate
(‘‘LIBOR’’) is an interest rate benchmark
that was the dominant reference rate
used in financial contracts, at one point
serving as the benchmark for more than
$200 trillion of contracts worldwide. On
July 27, 2017, the Financial Conduct
Authority, the United Kingdom
regulator tasked with overseeing LIBOR,
announced that publication of all
currency and term variants of LIBOR,
including the U.S. dollar LIBOR (‘‘USD
PO 00000
Frm 00005
Fmt 4700
Sfmt 4700
42231
LIBOR’’), may cease after the end of
2021. On March 5, 2021, the
administrator of LIBOR, Intercontinental
Exchange (ICE) Benchmark Association,
announced that publication of the
overnight, one-month, three-month, sixmonth, and 12-month USD LIBORs
would cease following the LIBOR
publication on June 30, 2023. The ICE
Benchmark Association will continue to
publish an unrepresentative synthetic
USD LIBOR in one-month, three-month,
and six-month tenors until September
30, 2024.1 Publication of all other
currency and tenor variants of LIBOR
(including the one-week and two-month
USD LIBOR) ceased following the
LIBOR publication on December 31,
2021.
The Alternative Reference Rate
Committee (‘‘ARRC’’), whose ex officio
members include the Board of
Governors of the Federal Reserve
System, the Department of the Treasury
(‘‘Treasury Department’’), the
Commodity Futures Trading
Commission, and the Office of Financial
Research, was convened by the Board of
Governors of the Federal Reserve
System and the Federal Reserve Bank of
New York to identify alternative
reference rates that would be both more
robust than USD LIBOR and that would
comply with standards such as the
International Organization of Securities
Commissions’ ‘‘Principles for Financial
Benchmarks.’’ In 2017, the ARRC
identified a SOFR-based rate as its
recommended replacement for LIBOR.
In 2021, the ARRC recommended the
forward-looking term SOFRs published
by the Chicago Mercantile Exchange
Group Benchmark Administration, Ltd.
in one-month, three-month, and sixmonth tenors. The ARRC has also
recommended static spread adjustments
to each of those tenors to adjust for the
fact that SOFRs are risk-free rates, while
IBORs include an element of bank credit
risk. The static spread adjustments are
based on the historical median over a 5year lookback period calculating the
difference between USD LIBOR and
compounded averages of SOFR, set on
1 The synthetic USD LIBOR will be the Term
SOFR of the same tenor (published by the Chicago
Mercantile Exchange Group Benchmark
Administration, Ltd.), plus a fixed spread
adjustment of 0.11448%, 0.26161%, or 0.42826%
for the one-, three-, and six-month tenors,
respectively. Financial Conduct Authority, Article
23D Benchmarks Regulation Draft Notice of
Requirements (April 3, 2023), https://
www.fca.org.uk/publication/libor-notices/article23d-benchmarks-regulation-usd-draft-noticerequirements.pdf. This rate is not considered
representative because it uses a synthetic
methodology to determine rates instead of the panel
bank methodology that has historically been used
to determine IBORs.
E:\FR\FM\30JNR1.SGM
30JNR1
Agencies
[Federal Register Volume 88, Number 125 (Friday, June 30, 2023)]
[Rules and Regulations]
[Pages 42230-42231]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-13875]
[[Page 42230]]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 97
[Docket No. 31492; Amdt. No. 4065]
Standard Instrument Approach Procedures, and Takeoff Minimums and
Obstacle Departure Procedures; Miscellaneous Amendments
AGENCY: Federal Aviation Administration (FAA), DOT.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: This rule establishes, amends, suspends, or removes Standard
Instrument Approach Procedures (SIAPS) and associated Takeoff Minimums
and Obstacle Departure procedures (ODPs) for operations at certain
airports. These regulatory actions are needed because of the adoption
of new or revised criteria, or because of changes occurring in the
National Airspace System, such as the commissioning of new navigational
facilities, adding new obstacles, or changing air traffic requirements.
These changes are designed to provide safe and efficient use of the
navigable airspace and to promote safe flight operations under
instrument flight rules at the affected airports.
DATES: This rule is effective June 30, 2023. The compliance date for
each SIAP, associated Takeoff Minimums, and ODP is specified in the
amendatory provisions.
The incorporation by reference of certain publications listed in
the regulations is approved by the Director of the Federal Register as
of June 30, 2023.
ADDRESSES: Availability of matters incorporated by reference in the
amendment is as follows:
For Examination
1. U.S. Department of Transportation, Docket Ops-M30. 1200 New
Jersey Avenue SE, West Bldg., Ground Floor, Washington, DC 20590-0001.
2. The FAA Air Traffic Organization Service Area in which the
affected airport is located;
3. The office of Aeronautical Information Services, 6500 South
MacArthur Blvd., Oklahoma City, OK 73169 or,
4. The National Archives and Records Administration (NARA). For
information on the availability of this material at NARA, email
[email protected] or go to: https://www.archives.gov/federal-register/cfr/ibr-locations.html.
Availability
All SIAPs and Takeoff Minimums and ODPs are available online free
of charge. Visit the National Flight Data Center at nfdc.faa.gov to
register. Additionally, individual SIAP and Takeoff Minimums and ODP
copies may be obtained from the FAA Air Traffic Organization Service
Area in which the affected airport is located.
FOR FURTHER INFORMATION CONTACT: Thomas J. Nichols, Flight Procedures
and Airspace Group, Flight Technologies and Procedures Division, Flight
Standards Service, Federal Aviation Administration. Mailing Address:
FAA Mike Monroney Aeronautical Center, Flight Procedures and Airspace
Group, 6500 South MacArthur Blvd., STB Annex, Bldg. 26, Room 217,
Oklahoma City, OK 73099. Telephone (405) 954-1139.
SUPPLEMENTARY INFORMATION: This rule amends 14 CFR part 97 by
establishing, amending, suspending, or removes SIAPS, Takeoff Minimums
and/or ODPS. The complete regulatory description of each SIAP and its
associated Takeoff Minimums or ODP for an identified airport is listed
on FAA form documents which are incorporated by reference in this
amendment under 5 U.S.C. 552(a), 1 CFR part 51, and 14 CFR 97.20. The
applicable FAA Forms 8260-3, 8260-4, 8260-5, 8260-15A, 8260-15B, when
required by an entry on 8260-15A, and 8260-15C.
The large number of SIAPs, Takeoff Minimums and ODPs, their complex
nature, and the need for a special format make publication in the
Federal Register expensive and impractical. Further, airmen do not use
the regulatory text of the SIAPs, Takeoff Minimums or ODPs, but instead
refer to their graphic depiction on charts printed by publishers or
aeronautical materials. Thus, the advantages of incorporation by
reference are realized and publication of the complete description of
each SIAP, Takeoff Minimums and ODP listed on FAA form documents is
unnecessary. This amendment provides the affected CFR sections and
specifies the typed of SIAPS, Takeoff Minimums and ODPs with their
applicable effective dates. This amendment also identifies the airport
and its location, the procedure, and the amendment number.
Availability and Summary of Material Incorporated by Reference
The material incorporated by reference is publicly available as
listed in the ADDRESSES section.
The material incorporated by reference describes SIAPS, Takeoff
Minimums and/or ODPs as identified in the amendatory language for part
97 of this final rule.
The Rule
This amendment to 14 CFR part 97 is effective upon publication of
each separate SIAP, Takeoff Minimums and ODP as amended in the
transmittal. Some SIAP and Takeoff Minimums and textual ODP amendments
may have been issued previously by the FAA in a Flight Data Center
(FDC) Notice to Airmen (NOTAM) as an emergency action of immediate
flights safety relating directly to published aeronautical charts.
The circumstances that created the need for some SIAP and Takeoff
Minimums and ODP amendments may require making them effective in less
than 30 days. For the remaining SIAPs and Takeoff Minimums and ODPs, an
effective date at least 30 days after publication is provided.
Further, the SIAPs and Takeoff Minimums and ODPs contained in this
amendment are based on the criteria contained in the U.S. Standard for
Terminal Instrument Procedures (TERPS). In developing these SIAPs and
Takeoff Minimums and ODPs, the TERPS criteria were applied to the
conditions existing or anticipated at the affected airports. Because of
the close and immediate relationship between these SIAPs, Takeoff
Minimums and ODPs, and safety in air commerce, I find that notice and
public procedure under 5 U.S.C. 553(b) are impracticable and contrary
to the public interest and, where applicable, under 5 U.S.C. 553(d),
good cause exists for making some SIAPs effective in less than 30 days.
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.
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. For the same reason, the FAA
certifies that this amendment will not have a significant economic
impact on a substantial number of small entities under the criteria of
the Regulatory Flexibility Act.
Lists of Subjects in 14 CFR Part 97
Air traffic control, Airports, Incorporation by reference,
Navigation (air).
[[Page 42231]]
Issued in Washington, DC, on June 9, 2023.
Thomas J. Nichols,
Aviation Safety, Flight Standards Service, Manager, Standards Section,
Flight Procedures & Airspace Group, Flight Technologies & Procedures
Division.
Adoption of the Amendment
Accordingly, pursuant to the authority delegated to me, 14 CFR part
97 is amended by establishing, amending, suspending, or removing
Standard Instrument Approach Procedures and/or Takeoff Minimums and
Obstacle Departure Procedures effective at 0901 UTC on the dates
specified, as follows:
PART 97--STANDARD INSTRUMENT APPROACH PROCEDURES
0
1. The authority citation for part 97 continues to read as follows:
Authority: 49 U.S.C. 106(f), 106(g), 40103, 40106, 40113,
40114, 40120, 44502, 44514, 44701, 44719, 44721-44722.
0
2. Part 97 is amended to read as follows:
Effective 13 July 2023
Danbury, CT, KDXR, RNAV (GPS) Z RWY 8, Orig
Effective 10 August 2023
Phoenix, AZ, KDVT, DEER VALLEY THREE, Graphic DP
Washington, IN, KDCY, RNAV (GPS) RWY 18, Amdt 2
Washington, IN, KDCY, Takeoff Minimums and Obstacle DP, Amdt 1
Pinecreek, MN, 48Y, RNAV (GPS) RWY 15, Orig-C
Andrews, NC, KRHP, RNAV (GPS) RWY 8, Amdt 2
Andrews, NC, KRHP, Takeoff Minimums and Obstacle DP, Amdt 2
Goldsboro, NC, KGWW, ILS OR LOC RWY 23, Amdt 2D
Devils Lake, ND, KDVL, ILS OR LOC RWY 31, Amdt 4
Devils Lake, ND, KDVL, RNAV (GPS) RWY 31, Amdt 2
Langdon, ND, D55, RNAV (GPS) RWY 14, Orig-B
Langdon, ND, D55, RNAV (GPS) RWY 32, Orig-B
Atlantic City, NJ, KACY, ILS Z OR LOC Z RWY 13, Amdt 8D
Manning, SC, KMNI, NDB RWY 2, Amdt 3
Manning, SC, KMNI, VOR/DME OR GPS-A, Amdt 4B, CANCELED
Moncks Corner, SC, KMKS, RNAV (GPS) RWY 23, Amdt 1
Winchester, VA, KOKV, RNAV (GPS) RWY 14, Amdt 2
[FR Doc. 2023-13875 Filed 6-29-23; 8:45 am]
BILLING CODE 4910-13-P