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Federal Register / Vol. 72, No.

117 / Tuesday, June 19, 2007 / Rules and Regulations 33639

Reporting and recordkeeping a consolidated basis. Service as a (5) Provide internal controls to ensure
requirements. director or officer of a holding company that reports are filed and that conflicts
■ For the reasons stated in the preamble, that controls one or more members of are disclosed and resolved in
the Finance Board amends 12 CFR part the Bank on whose board an appointive accordance with this section; and
915 as follows: director serves is not deemed to be (6) Establish procedures to monitor
service as a director or officer of a compliance with the conflict of interests
PART 915—BANK DIRECTOR member of the Bank if the assets of all policy.
ELIGIBILITY, APPOINTMENT, AND such members constitute less than 35 * * * * *
ELECTIONS percent of the assets of the holding
company, on a consolidated basis. § 915.16 [Removed]
■ 1. The authority citation for part 915 (4) Loans and deposits. Loans ■ 4. Remove § 915.16.
continues to read as follows: obtained from a member and money
Authority: 12 U.S.C. 1422a(a)(3), 1422b(a), placed on deposit with a member are § 915.17 [Removed]
1426, 1427, and 1432. not deemed to be a financial interest in ■ 5. Remove § 915.17.
a member if the transactions occur in
■ 2. Revise § 915.10(e) to read as Appendix A to Part 915—[Removed]
the normal course of business of the
follows:
member and are on terms that are no ■ 6. Remove Appendix A to part 915.
§ 915.10 Selection of appointive directors. more favorable than those that would be Dated: June 13, 2007.
* * * * * available under like circumstances to By the Board of Directors of the Federal
(e) Financial interests. Except as members of the public. Housing Finance Board.
otherwise provided in this section, an (5) Contractual relationships. Any
Ronald A. Rosenfeld,
appointive director may not: own any contractual relationship between an
Chairman.
debt or equity securities issued by, or appointive director and one or more
members of the Bank on whose board [FR Doc. E7–11749 Filed 6–18–07; 8:45 am]
have any other financial interest in, a BILLING CODE 6725–01–P
member of the Bank on whose board the the director serves that includes a
director serves; serve as an officer or contractual right to the payment of
director of any member of the Bank on money, is presumed not to constitute a
financial interest in a member if the DEPARTMENT OF TRANSPORTATION
whose board the director serves; or
serve as an officer of any Bank. An amount due to the director under such
contracts in any calendar year is less Federal Aviation Administration
appointive director or appointive
director candidate must disclose all than 10 percent of the director’s
adjusted gross income for that calendar 14 CFR Part 39
financial interests to the Finance Board.
(1) Investment vehicles. An year. The Finance Board will determine [Docket No. FAA–2007–28251; Directorate
appointive director’s investment in a on a case-by-case basis whether a Identifier 2007–CE–049–AD; Amendment
contractual relationship that exceeds the 39–15099; AD 2007–12–21]
legally recognized entity that owns debt
or equity securities issued by a member 10 percent threshold constitutes a RIN 2120–AA64
is not deemed to be shares or other financial interest in a member.
financial interests in a member if the (6) Attribution. The Finance Board Airworthiness Directives; Hawker
appointive director neither controls the will attribute to the appointive director Beechcraft Corporation (Type
entity nor plays any role in the purchase any debt or equity securities owned by Certificate No. A00010WI Previously
or sale of the securities owned by the the director’s spouse or minor children Held by Raytheon Aircraft Company)
entity. and any contractual relationships Model 390 Airplanes
(2) Investment accounts. Debt or between a member and the director’s
spouse for purposes of determining AGENCY: Federal Aviation
equity securities an appointive director Administration (FAA), DOT.
owns through an account managed by compliance with this section.
■ 3. Revise § 915.11(a) to read as ACTION: Final rule; request for
an investment adviser registered under comments.
the Investment Advisers Act of 1940 (15 follows:
U.S.C. 80b-1 et seq.), for which the § 915.11 Conflict of interests policy for SUMMARY: The FAA is adopting a new
director pays a fee for advisory services Bank directors. airworthiness directive (AD) to
and with respect to which the director (a) Adoption of conflict of interests supersede AD 2006–26–08, which
has given the investment adviser policy. Each Bank shall adopt a written applies to all Hawker Beechcraft
complete investment discretion to buy conflict of interests policy that applies Corporation (HBC) Model 390 airplanes.
and sell all securities in the account, are to all Bank directors. At a minimum, the AD 2006–26–08 currently requires you
not deemed to be shares or other conflict of interests policy of each Bank to repetitively inspect the hydraulic
financial interests in a member if the shall: pump outlet tube on both engines and
director is not affiliated with the (1) Require the directors to administer immediately replace the tube if damage
investment adviser and has no control the affairs of the Bank fairly and is found. AD 2006–26–08 also requires
over the selection of securities acquired impartially and without discrimination you to incorporate an airplane flight
for the account. in favor of or against any member or manual (AFM) change that limits
(3) Holding companies. Debt or equity nonmember borrower; operation of an engine with its
securities issued by a holding company (2) Require appointive directors to associated firewall hydraulic shutoff
that controls one or more members of comply with § 915.10(e) of this part; valve closed. If an engine is operated
the Bank on whose board an appointive (3) Prohibit the use of a director’s with its firewall hydraulic shutoff valve
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director serves are not deemed to be official position for personal gain; closed, you must replace the hydraulic
shares or other financial interest in a (4) Require directors to disclose actual pump outlet tube. We issued AD 2006–
member if the assets of all such or apparent conflicts of interest and 26–08 as an interim action while we
members constitute less than 35 percent establish procedures for addressing such worked with the type certificate holder
of the assets of the holding company, on conflicts; to develop a design change. HBC has

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33640 Federal Register / Vol. 72, No. 117 / Tuesday, June 19, 2007 / Rules and Regulations

now developed kits that incorporate telephone: (800) 429–5372 or (316) 676– Relevant Service Information
design changes for the hydraulic pump 3140. We reviewed Hawker Beechcraft
outlet tubes and dampener supports so To view the comments to this AD, go Mandatory Service Bulletin No. 29–
this AD retains the actions of AD 2006– to http://dms.dot.gov. The docket 3800, issued May 2007. The service
26–08 until the new modification kits number is FAA–2007–28251; information specifies the following
required by this AD are installed. We Directorate Identifier 2007–CE–049–AD. actions:
continued to receive additional reports FOR FURTHER INFORMATION CONTACT: • Incorporating Kit No. 390–5804–
of failures of the hydraulic pump outlet James P. Galstad, Propulsion Aerospace 0001, which replaces the pulse
tube. We are issuing this AD to prevent Engineer, ACE 116W, Wichita Aircraft dampener brackets with stiffer brackets
failure of the hydraulic pump outlet Certification Office, 1801 Airport Road, and a spacer on both engines; and
tube and consequent leaking of Room 100, Wichita, Kansas 67209; • Incorporating Kit No. 390–5805–
hydraulic fluid. Such leakage could telephone: (316) 946–4135; fax: (316) 0001, which replaces the hydraulic
result in a fire. There is also a risk of 946–4107. pump outlet tubes with integral
loss of hydraulic system functions firesleeve hoses.
including normal gear extensions, speed SUPPLEMENTARY INFORMATION: Raytheon Mandatory Service Bulletin
brakes, roll spoilers, lift dump, and Discussion No. SB 29–3771, dated January 2006;
normal brakes. and Raytheon Safety Communique No.
Reports of left engine hydraulic tube 267, dated January 2006, will be
DATES: This AD becomes effective on
assembly failures prompted us to issue retained for this AD until both kits
June 20, 2007.
AD 2006–02–51, Amendment 39–14459 referenced above are incorporated.
On June 20, 2007, the Director of the
(71 FR 5581, February 2, 2006). AD
Federal Register approved the FAA’s Determination and Requirements
2006–02–51 required repetitive
incorporation by reference of Raytheon of This AD
inspection of the hydraulic tube
Aircraft Company Kit—Dampener
assembly, correction of the symptomatic We are issuing this AD because we
Support Improvement, Drawing No.
clamp to hydraulic tube chafing on the evaluated all the information and
390–5804 (Kit 390–5804–0001 Field
left-hand nacelle, and reporting results determined the unsafe condition
Service Kit) and Raytheon Aircraft
to the FAA. described previously is likely to exist or
Company Kit—Hydraulic Pump
Pressure Hose Installation No. 390–5805 After we issued AD 2006–02–51, we develop on other products of the same
(Kit 390–5805–0001 Field Service Kit), continued to receive additional reports type design. This AD retains the actions
as referenced in Hawker Beechcraft of failures of the hydraulic pump outlet of AD 2006–26–08 and requires
Mandatory Service Bulletin 29–3800, tube, including failures on the right incorporating Kit No. 390–5804–0001
Issued May 2007, as listed in this AD. engine on certain HBC Model 390 and Kit No. 390–5805–0001. Upon
As of February 2, 2006 (71 FR 5581, airplanes. This prompted us to incorporating the kits required by this
February 2, 2006), the Director of the supersede AD 2006–02–51 with AD AD, the repetitive inspections and
Federal Register approved the 2006–26–08, Amendment 39–14866 (71 replacement retained from AD 2006–26–
incorporation by reference of Raytheon FR 78051, December 28, 2006). 08 are no longer necessary. The AFM
Mandatory Service Bulletin No. SB 29– AD 2006–26–08 currently requires limitation is still required.
you to repetitively inspect the hydraulic We continue to work with HBC in
3771, dated January 2006; and Raytheon
pump outlet tube on both engines and analyzing the design of the hydraulic
Safety Communique No. 267, dated
immediately replace the tube if damage system of the Model 390 airplanes.
January 2006, as listed in this AD.
We must receive any comments on is found. AD 2006–26–08 also requires Based on this analysis, we may take
this AD by August 20, 2007. you to incorporate an airplane flight future rulemaking action, which could
manual (AFM) change that limits eliminate the need for the current AFM
ADDRESSES: Use one of the following
operation of an engine with its limitation.
addresses to comment on this AD. In preparing this rule, we contacted
• DOT Docket Web site: Go to associated firewall hydraulic shutoff
valve closed. If an engine is operated type clubs and aircraft operators to get
http://dms.dot.gov and follow the technical information and information
instructions for sending your comments with its firewall hydraulic shutoff valve
closed, you must replace the hydraulic on operational and economic impacts.
electronically. We did not receive any information
• Mail: U.S. Department of pump outlet tube.
We issued AD 2006–26–08 as an through these contacts. If received, we
Transportation, Docket Operations, M– would have included a discussion of
30, West Building Ground Floor, Room interim action while we worked with
the type certificate holder to develop a any information that may have
W12–140, 1200 New Jersey Avenue, SE., influenced this action in the rulemaking
Washington, DC 20590. design change. We continued to receive
additional reports of failures of the docket.
• Fax: (202) 493–2251.
• Hand Delivery: U.S. Department of hydraulic pump outlet tube. FAA’s Determination of the Effective
Transportation, Docket Operations, M– HBC has now developed kits that Date
30, West Building Ground Floor, Room incorporate design changes for the Since an unsafe condition exists that
W12–140, 1200 New Jersey Avenue, SE., hydraulic pump outlet tubes and requires the immediate adoption of this
Washington, DC 20590 between 9 a.m. dampener supports. AD, we determined that notice and
and 5 p.m., Monday through Friday, Failure of the hydraulic pump outlet opportunity for public comment before
except Federal holidays. tubes, if not prevented, could cause issuing this AD are impracticable, and
• Federal eRulemaking Portal: Go to flammable fluid leakage in the engine that good cause exists for making this
http://www.regulations.gov. Follow the nacelle. Such leakage could result in a amendment effective in fewer than 30
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instructions for submitting comments. fire. There is also a risk of loss of days.
To get the service information hydraulic system functions including
identified in this AD, contact Hawker normal gear extensions, speed brakes, Comments Invited
Beechcraft Corporation, 9709 East roll spoilers, lift dump, and normal This AD is a final rule that involves
Central, Wichita, Kansas 67291; brakes. requirements affecting flight safety, and

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Federal Register / Vol. 72, No. 117 / Tuesday, June 19, 2007 / Rules and Regulations 33641

we did not precede it by notice and an Regulatory Findings PART 39—AIRWORTHINESS


opportunity for public comment. We We determined that this AD will not DIRECTIVES
invite you to send any written relevant have federalism implications under
data, views, or arguments regarding this Executive Order 13132. This AD will ■ 1. The authority citation for part 39
AD. Send your comments to an address not have a substantial direct effect on continues to read as follows:
listed under the ADDRESSES section. the States, on the relationship between Authority: 49 U.S.C. 106(g), 40113, 44701.
Include the docket number ‘‘FAA– the national government and the States,
2007–28251; Directorate Identifier or on the distribution of power and § 39.13 [Amended]
2007–CE–049-AD’’ at the beginning of responsibilities among the various ■ 2. The FAA amends § 39.13 by
your comments. We specifically invite levels of government. removing Airworthiness Directive (AD)
comments on the overall regulatory, For the reasons discussed above, I
2006–26–08, Amendment 39–14866 (71
economic, environmental, and energy certify that this AD:
(1) Is not a ‘‘significant regulatory FR 78051, December 28, 2006), and by
aspects of the AD. We will consider all adding a new AD to read as follows:
comments received by the closing date action’’ under Executive Order 12866;
(2) Is not a ‘‘significant rule’’ under 2007–12–21 Hawker Beechcraft
and may amend the AD in light of those
DOT Regulatory Policies and Procedures Corporation (Type Certificate No.
comments. (44 FR 11034, February 26, 1979); and A00010WI previously held by Raytheon
We will post all comments we (3) Will not have a significant Aircraft Company): Amendment 39–
receive, without change, to http:// economic impact, positive or negative, 15099; Docket No. FAA–2007–28251;
dms.dot.gov, including any personal on a substantial number of small entities Directorate Identifier 2007–CE–049–AD.
information you provide. We will also under the criteria of the Regulatory Effective Date
post a report summarizing each Flexibility Act. (a) This AD becomes effective on June 20,
substantive verbal contact we receive We prepared a regulatory evaluation 2007.
concerning this AD. of the estimated costs to comply with
this AD and placed it in the AD docket. Affected ADs
Authority for This Rulemaking (b) This AD supersedes AD 2006–26–08;
Examining the AD Docket
Amendment 39–14866.
Title 49 of the United States Code You may examine the AD docket that
specifies the FAA’s authority to issue contains the AD, the regulatory Applicability
rules on aviation safety. Subtitle I, evaluation, any comments received, and (c) This AD affects the following Model
Section 106, describes the authority of other information on the Internet at 390 airplanes that are certificated in any
the FAA Administrator. Subtitle VII, http://dms.dot.gov; or in person at the category:
Aviation Programs, describes in more Docket Management Facility between 9 (1) Serial numbers RB–1 through RB–49
that have Field Service Kit 390–9100
detail the scope of the Agency’s a.m. and 5 p.m., Monday through
installed; and
authority. Friday, except Federal holidays. The (2) Serial numbers RB–50 through RB–209.
We are issuing this rulemaking under Docket Office (telephone (800) 647–
5227) is located at the street address Unsafe Condition
the authority described in Subtitle VII,
Part A, Subpart III, Section 44701, stated in the ADDRESSES section. (d) This AD is the result of continuing
Comments will be available in the AD failures of the hydraulic pump outlet tubes
‘‘General requirements.’’ Under that and the need to incorporate improved design.
docket shortly after receipt.
section, Congress charges the FAA with We are issuing this AD to prevent failure of
promoting safe flight of civil aircraft in List of Subjects in 14 CFR Part 39 the hydraulic pump outlet tube and
air commerce by prescribing regulations Air transportation, Aircraft, Aviation consequent leaking of hydraulic fluid. Such
for practices, methods, and procedures safety, Incorporation by reference, leakage could result in a fire. There is also
the Administrator finds necessary for Safety. a risk of loss of hydraulic system functions
safety in air commerce. This regulation including normal gear extensions, speed
is within the scope of that authority Adoption of the Amendment brakes, roll spoilers, lift dump, and normal
brakes.
because it addresses an unsafe condition ■ Accordingly, under the authority
that is likely to exist or develop on delegated to me by the Administrator, Compliance
products identified in this rulemaking the FAA amends 14 CFR part 39 as (e) To address this problem, you must do
action. follows: the following, unless already done:

Actions Compliance Procedures

(1) Visually inspect the hydraulic pump outlet Initially at whichever of the following occurs Inspect following Raytheon Safety Commu-
tube for evidence of chafing, excessive vi- first and thereafter at intervals not to exceed nique No. 267, dated January 2006.
bration, wear, deterioration, or hydraulic fluid 25 hours time-in-service (TIS) until the kits Raytheon Safety Communique No. 267,
leakage, as follows: required in paragraph (e)(4) of this AD are dated January 2006, addresses the LH en-
(i) For the left-hand (LH) engine: Remove incorporated: gine. Use the same inspection procedures
the clamp, perform the inspection, and (A) Within the next 25 hours TIS after Decem- for the RH engine hydraulic pump outlet
replace the clamp with a new one as ber 28, 2006 (the effective date of AD tube (P/N 390–580037). Remove and re-
specified in Raytheon Mandatory Serv- 2006–26–08); or place the clamp (LH only) following
ice Bulletin No. SB 29–3771 after each (B) At the next inspection required by AD Raytheon Mandatory Service Bulletin No.
inspection 2006–02–51. SB 29–3771, dated January, 2006.
(ii) For the right-hand (RH) engine: Per-
form the inspection. Removal and re-
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placement of the clamps are not nec-


essary

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33642 Federal Register / Vol. 72, No. 117 / Tuesday, June 19, 2007 / Rules and Regulations

Actions Compliance Procedures

(2) Replace the hydraulic pump outlet tube, Each and every time any of the following oc- Raytheon Aircraft Premier 1 Model 390 Main-
part number (P/N) 390–580035 (or FAA-ap- curs until the kits required in paragraph tenance Manual, P/N 390–590001–0015.
proved equivalent) for the LH engine or P/N (e)(4) of this AD are incorporated
390–580037 (or FAA-approved equivalent) (i) Prior to further flight after any inspection re-
for the RH engine. quired in paragraph (e)(1) of this AD where
evidence of chafing, excessive vibration,
wear, deterioration, or hydraulic fluid leak-
age is found; and
(ii) Within 1 hour TIS following identification of
an intended or unintended engine operation
with the hydraulic shutoff valve closed.
(3) Incorporate Raytheon Aircraft Company Within 5 days after December 28, 2006 (the The owner/operator holding at least a private
Part Number 390–590001–0003C3TC6, effective date of AD 2006–26–08). pilot certificate as authorized by section
dated September 16, 2006 into the airplane 43.7 of the Federal Aviation Regulations (14
flight manual (AFM). CFR 43.7) may do the AFM change require-
ment of this AD. Make an entry into the air-
craft records showing compliance with this
portion of the AD in accordance with section
43.9 of the Federal Aviation Regulations (14
CFR 43.9).
(4) Incorporate Kits No. 390–5804–0001 and At whichever of the following that occurs first: Follow the instructions in the documents pre-
390–5805–0001. (i) Within the next 25 hours TIS after sented below as referenced in Hawker
June 20, 2007 (the effective date of this Beechcraft Mandatory Service Bulletin 29–
AD); or 3800, Issued May, 2007:
(ii) Within the next 45 days after June 20, (i) Raytheon Aircraft Company Kit—
2007 (the effective date of this AD. Dampener Support Improvement,
Drawing No. 390–5804 (Kit 390–5804–
0001 Field Service Kit).
(ii) Raytheon Aircraft Company Kit—Hy-
draulic Pump Pressure Hose Installa-
tion No. 390–5805 (Kit 390–5805–0001
Field Service Kit).

(f) After the actions required in paragraph 5805 (Kit 390–5805–0001 Field Service Kit), Issued in Kansas City, Missouri, on June 4,
(e)(4) of this AD are done: as referenced in Hawker Beechcraft 2007.
(1) the repetitive inspections and Mandatory Service Bulletin 29–3800, Issued David R. Showers,
replacement of paragraphs (e)(1) and (e)(2) of May, 2007, to do the actions required by this
Acting Manager, Small Airplane Directorate,
this AD are no longer required. AD, unless the AD specifies otherwise.
(2) the requirement in paragraph (e)(3) of Aircraft Certification Service.
(1) The Director of the Federal Register
this AD to incorporate Raytheon Aircraft approved the incorporation by reference of [FR Doc. E7–11241 Filed 6–18–07; 8:45 am]
Company Part Number 390–590001– Raytheon Aircraft Company Kit—Dampener BILLING CODE 4910–13–P
0003C3TC6, dated September 16, 2006, into Support Improvement, Drawing No. 390–
the AFM remains valid. 5804 (Kit 390–5804–0001 Field Service Kit)
Alternative Methods of Compliance and Raytheon Aircraft Company Kit— DEPARTMENT OF TRANSPORTATION
(AMOCs) Hydraulic Pump Pressure Hose Installation
No. 390–5805 (Kit 390–5805–0001 Field Federal Aviation Administration
(g) The Manager, Wichita Aircraft Service Kit), as referenced in Hawker
Certification Office, FAA, ATTN: James P. Beechcraft Mandatory Service Bulletin 29–
Galstad, Propulsion Aerospace Engineer, 14 CFR Part 39
3800, Issued May, 2007, under 5 U.S.C.
ACE 116W, Wichita Aircraft Certification 552(a) and 1 CFR part 51. [Docket No. FAA–2007–28449; Directorate
Office, 1801 Airport Road, Room 100, (2) On February 2, 2006 (71 FR 5581, Identifier 2007–SW–18–AD; Amendment 39–
Wichita, Kansas 67209; telephone: (316) 946–
February 2, 2006), the Director of the Federal 15103; AD 2007–09–51]
4135; fax: (316) 946–4107, has the authority
Register approved the incorporation by
to approve AMOCs for this AD, if requested RIN 2120–AA64
reference of Raytheon Mandatory Service
using the procedures found in 14 CFR 39.19.
Bulletin No. SB 29–3771, dated January,
Before using any approved AMOC on any Airworthiness Directives; MD
airplane to which the AMOC applies, notify 2006; and Raytheon Safety Communique No.
your appropriate principal inspector (PI) in 267, dated January 2006. Helicopters, Inc., Model 369, YOH–6A,
the FAA Flight Standards District Office (3) For service information identified in 369A, OH–6A, 369H, 369HM, 369HS,
(FSDO), or lacking a PI, your local FSDO. this AD, contact Hawker Beechcraft 369HE, 369D, 369E, 369F, and 369FF
(h) AMOCs approved for AD 2006–26–08 Corporation, 9709 East Central, Wichita, Helicopters
are approved for this AD. Kansas 67291; telephone: (800) 429–5372 or
(316) 676–3140. AGENCY: Federal Aviation
Material Incorporated by Reference (4) You may review copies at the FAA, Administration, DOT.
(i) You must use Raytheon Mandatory Central Region, Office of the Regional
ACTION: Final rule; request for
Service Bulletin No. SB 29–3771, dated Counsel, 901 Locust, Kansas City, Missouri
64106; or at the National Archives and comments.
January, 2006; Raytheon Safety Communique
No. 267, dated January 2006; and Raytheon Records Administration (NARA). For
pwalker on PROD1PC71 with RULES

SUMMARY: This document publishes in


Aircraft Company Kit—Dampener Support information on the availability of this
Improvement, Drawing No. 390–5804 (Kit material at NARA, call 202–741–6030, or go the Federal Register an amendment
390–5804–0001 Field Service Kit) and to: http://www.archives.gov/federal_register/ adopting Airworthiness Directive (AD)
Raytheon Aircraft Company Kit—Hydraulic code_of_federal_regulations/ 2007–09–51, sent previously to all
Pump Pressure Hose Installation No. 390– ibr_locations.html. known U.S. owners and operators of the

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