25157Federal Register / Vol. 63, No. 88 / Thursday, May 7, 1998 / Rules and Regulations
2 If the NRC determines, based on its re-
view of available data, that a National Agen-
cy Check and Credit investigation is nec-
essary, a fee of $80.00 will be assessed prior
to the conduct of the investigation; however,
if a full field investigation is deemed nec-
essary by the NRC, based on its review of
available data, a fee of $3,275 will be as-
sessed prior to the conduct of the investiga-
tion.
* * * * *
PART 25—ACCESS AUTHORIZATION
FOR LICENSEE PERSONNEL
3. The authority citation for Part 25
continues to read as follows:
Authority: Secs. 145, 161, 68 Stat. 942,
948, as amended (42 U.S.C. 2165, 2201); sec.
201, 88 Stat. 1242, as amended (42 U.S.C.
5841); E.0. 10865, as amended, 3 CFR 1959–
1963 Comp., p. 398 (50 U.S.C. 401, note);
E.O. 12829, 3 CFR, 1993 Comp., p. 570; E.O.
12958, 3 CFR, 1995 Comp., p. 333; E.O.
12968, 3 CFR, 1995 Comp., p. 396.
Appendix A also issued under 96
Stat. 1051 (31 U.S.C. 9701).
4. Appendix A to Part 25 is revised to
read as follows:
APPENDIX A TO PART 25—FEES FOR
NRC ACCESS AUTHORIZATION
Category Fee
Initial ‘‘L’’ Access Authorization ...... 1 $80
Reinstatement of ‘‘L’’ Access Au-
thorization .................................... 1 80
Extension or Transfer of ‘‘L’’ Ac-
cess Authorization ....................... 1 80
Initial ‘‘Q’’ Access Authorization ..... 3,275
Initial ‘‘Q’’ Access Authorization
(expedited processing) ................ 3,800
Reinstatement of ‘‘Q’’ Access Au-
thorization .................................... 2 3,275
Reinstatement of ‘‘Q’’ Access Au-
thorization (expedited process-
ing) .............................................. 2 3,800
Extension or Transfer of ‘‘Q’’ .......... 2 3,275
Extension or Transfer of ‘‘Q’’ (expe-
dited processing) ......................... 2 3,800
1 If the NRC determines, based on its review
of available data, that a full field investigation
is necessary, a fee of $3,275 will be assessed
prior to the conduct of the investigation.
2 Full fee will only be charged if investigation
is required.
Dated at Rockville, Maryland, this 13th day
February, 1998.
For the Nuclear Regulatory Commission.
L. Joseph Callan,
Executive Director for Operations.
[FR Doc. 98–12180 Filed 5–6–98; 8:45 am]
BILLING CODE 7590–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Ch. III
Statement of Policy on the
Development and Review of
Regulations
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Revision of statement of policy.
SUMMARY: The FDIC is revising its
Statement of Policy entitled
‘‘Development and Review of
Regulations’’ (Policy). The revisions
streamline the Policy and focus it more
sharply on the basic principles that
underlie the Board’s approach to
regulation. The provisions of the Policy
that established internal procedures or
merely restated the law have been
deleted. The revisions also expand the
scope of the Policy to include written
statements of policy adopted by the
FDIC Board of Directors and revise its
title accordingly.
EFFECTIVE DATE: May 7, 1998.
FOR FURTHER INFORMATION CONTACT:
Steven F. Hanft, Assistant Executive
Secretary (202/898–3907); or Nancy
Schucker Recchia, Counsel (202/898–
8885).
SUPPLEMENTARY INFORMATION: The FDIC
is revising its Statement of Policy
entitled ‘‘Development and Review of
Regulations.’’ The existing Policy has
stated the Board’s commitment to basic
principles of sound regulation and
established internal administrative
procedures for FDIC staff to follow
when developing and reviewing
regulations. Pursuant to section 303(a)
of the Riegle Community Development
and Regulatory Improvement Act of
1994 (CDRI), the Policy was reviewed to
streamline it and to remove
inconsistencies and outmoded and
duplicative provisions. As a part of this
review, the FDIC has given careful
consideration to the continuing need for
this Policy and how its content might be
presented to best inform the public with
respect to the FDIC’s development and
review of regulations and written
statements of policy. The revised
Policy’s reflects the Board’s continuing
commitment to improving the quality of
its regulations and policies, to
minimizing regulatory burdens on the
public and the banking industry, and
generally to ensuring that its regulations
and policies achieve legislative goals
effectively and effectively.
The revised Policy recognizes that the
Board carries out its regulatory function
through two separate processes of
public notice: the promulgation of
regulations pursuant to the
requirements of the Administrative
Procedure Act, and the issuance of less
formal written statements of policy. Like
regulations, written statements of policy
may affect the banking industry and the
public. Because the Board believes it is
important to inform all interested
parties of its approach to the
development of written statements of
policy, the scope of the revised Policy
has been augmented to include an
explanation of the principles by which
the FDIC develops and reviews written
statements of policy, and the title of the
Policy has been revised to reflect the
expanded scope.
The revisions streamline the Policy
and focus it more sharply on the
following basic principles that underlie
the Board’s approach to regulation:
• Burdens imposed on the banking
industry should be minimized.
• Regulations should be clearly and
understandably written.
• The public should have a
meaningful opportunity to participate in
the rulemaking process.
• Common statutory and supervisory
mandates should be implemented by
Federal financial institutions regulator
in a uniform way.
• Regulations and statements of
policy should be reviewed periodically.
The revised Policy has been
streamlined to remove those provisions
that established internal procedures or
merely restated the applicable
provisions of law. As part of the CDRI
review, the FDIC gave careful
consideration to the most useful and
efficient format for presenting all of the
information relevant to regulation and
written policy statement development
and review. It was determined to
separate these fundamental guiding
principles from the more technical or
procedural requirements. The guiding
principles which the Board believes are
relevant to public understanding of its
process are contained in the revised
Policy. The technical and procedural
requirements are contained in a newly
developed handbook on Development
and Review of FDIC Regulations and
Policy Statements. The handbook
provides comprehensive guidance to
FDIC managers and staff involved in
developing and reviewing FDIC
regulations and statements of policy and
can be revised easily to reflect changes
in statutory requirements and in the
FDIC’s organizational arrangements.
Text
The text of the revised statement of
policy follows:
2 If the NRC determines, based on its re-
view of available data, that a National Agen-
cy Check and Credit investigation is nec-
essary, a fee of $80.00 will be assessed prior
to the conduct of the investigation; however,
if a full field investigation is deemed nec-
essary by the NRC, based on its review of
available data, a fee of $3,275 will be as-
sessed prior to the conduct of the investiga-
tion.
* * * * *
PART 25—ACCESS AUTHORIZATION
FOR LICENSEE PERSONNEL
3. The authority citation for Part 25
continues to read as follows:
Authority: Secs. 145, 161, 68 Stat. 942,
948, as amended (42 U.S.C. 2165, 2201); sec.
201, 88 Stat. 1242, as amended (42 U.S.C.
5841); E.0. 10865, as amended, 3 CFR 1959–
1963 Comp., p. 398 (50 U.S.C. 401, note);
E.O. 12829, 3 CFR, 1993 Comp., p. 570; E.O.
12958, 3 CFR, 1995 Comp., p. 333; E.O.
12968, 3 CFR, 1995 Comp., p. 396.
Appendix A also issued under 96
Stat. 1051 (31 U.S.C. 9701).
4. Appendix A to Part 25 is revised to
read as follows:
APPENDIX A TO PART 25—FEES FOR
NRC ACCESS AUTHORIZATION
Category Fee
Initial ‘‘L’’ Access Authorization ...... 1 $80
Reinstatement of ‘‘L’’ Access Au-
thorization .................................... 1 80
Extension or Transfer of ‘‘L’’ Ac-
cess Authorization ....................... 1 80
Initial ‘‘Q’’ Access Authorization ..... 3,275
Initial ‘‘Q’’ Access Authorization
(expedited processing) ................ 3,800
Reinstatement of ‘‘Q’’ Access Au-
thorization .................................... 2 3,275
Reinstatement of ‘‘Q’’ Access Au-
thorization (expedited process-
ing) .............................................. 2 3,800
Extension or Transfer of ‘‘Q’’ .......... 2 3,275
Extension or Transfer of ‘‘Q’’ (expe-
dited processing) ......................... 2 3,800
1 If the NRC determines, based on its review
of available data, that a full field investigation
is necessary, a fee of $3,275 will be assessed
prior to the conduct of the investigation.
2 Full fee will only be charged if investigation
is required.
Dated at Rockville, Maryland, this 13th day
February, 1998.
For the Nuclear Regulatory Commission.
L. Joseph Callan,
Executive Director for Operations.
[FR Doc. 98–12180 Filed 5–6–98; 8:45 am]
BILLING CODE 7590–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Ch. III
Statement of Policy on the
Development and Review of
Regulations
AGENCY: Federal Deposit Insurance
Corporation (FDIC).
ACTION: Revision of statement of policy.
SUMMARY: The FDIC is revising its
Statement of Policy entitled
‘‘Development and Review of
Regulations’’ (Policy). The revisions
streamline the Policy and focus it more
sharply on the basic principles that
underlie the Board’s approach to
regulation. The provisions of the Policy
that established internal procedures or
merely restated the law have been
deleted. The revisions also expand the
scope of the Policy to include written
statements of policy adopted by the
FDIC Board of Directors and revise its
title accordingly.
EFFECTIVE DATE: May 7, 1998.
FOR FURTHER INFORMATION CONTACT:
Steven F. Hanft, Assistant Executive
Secretary (202/898–3907); or Nancy
Schucker Recchia, Counsel (202/898–
8885).
SUPPLEMENTARY INFORMATION: The FDIC
is revising its Statement of Policy
entitled ‘‘Development and Review of
Regulations.’’ The existing Policy has
stated the Board’s commitment to basic
principles of sound regulation and
established internal administrative
procedures for FDIC staff to follow
when developing and reviewing
regulations. Pursuant to section 303(a)
of the Riegle Community Development
and Regulatory Improvement Act of
1994 (CDRI), the Policy was reviewed to
streamline it and to remove
inconsistencies and outmoded and
duplicative provisions. As a part of this
review, the FDIC has given careful
consideration to the continuing need for
this Policy and how its content might be
presented to best inform the public with
respect to the FDIC’s development and
review of regulations and written
statements of policy. The revised
Policy’s reflects the Board’s continuing
commitment to improving the quality of
its regulations and policies, to
minimizing regulatory burdens on the
public and the banking industry, and
generally to ensuring that its regulations
and policies achieve legislative goals
effectively and effectively.
The revised Policy recognizes that the
Board carries out its regulatory function
through two separate processes of
public notice: the promulgation of
regulations pursuant to the
requirements of the Administrative
Procedure Act, and the issuance of less
formal written statements of policy. Like
regulations, written statements of policy
may affect the banking industry and the
public. Because the Board believes it is
important to inform all interested
parties of its approach to the
development of written statements of
policy, the scope of the revised Policy
has been augmented to include an
explanation of the principles by which
the FDIC develops and reviews written
statements of policy, and the title of the
Policy has been revised to reflect the
expanded scope.
The revisions streamline the Policy
and focus it more sharply on the
following basic principles that underlie
the Board’s approach to regulation:
• Burdens imposed on the banking
industry should be minimized.
• Regulations should be clearly and
understandably written.
• The public should have a
meaningful opportunity to participate in
the rulemaking process.
• Common statutory and supervisory
mandates should be implemented by
Federal financial institutions regulator
in a uniform way.
• Regulations and statements of
policy should be reviewed periodically.
The revised Policy has been
streamlined to remove those provisions
that established internal procedures or
merely restated the applicable
provisions of law. As part of the CDRI
review, the FDIC gave careful
consideration to the most useful and
efficient format for presenting all of the
information relevant to regulation and
written policy statement development
and review. It was determined to
separate these fundamental guiding
principles from the more technical or
procedural requirements. The guiding
principles which the Board believes are
relevant to public understanding of its
process are contained in the revised
Policy. The technical and procedural
requirements are contained in a newly
developed handbook on Development
and Review of FDIC Regulations and
Policy Statements. The handbook
provides comprehensive guidance to
FDIC managers and staff involved in
developing and reviewing FDIC
regulations and statements of policy and
can be revised easily to reflect changes
in statutory requirements and in the
FDIC’s organizational arrangements.
Text
The text of the revised statement of
policy follows:
25158 Federal Register / Vol. 63, No. 88 / Thursday, May 7, 1998 / Rules and Regulations
Development and Review of FDIC
Regulations and Policies
Statement of Policy
Purpose and Scope. The Federal
Deposit Insurance Corporation is
committed to continually improving the
quality of its regulations and policies, to
minimizing regulatory burdens on the
public and the banking industry, and
generally to ensuring that its regulations
and policies achieve legislative goals
effectively and efficiently. The purpose
of this statement of policy (Policy) is to
establish basic principles which guide
the FDIC’s promulgation and review of
regulations and written statements of
policy. The scope of this Policy is
limited to regulations and written
statements of policy issued by the Board
of Directors of the FDIC.
Principles For the Development and
Review of Regulations and Statements
of Policy. The following principles
guide the FDIC in its development of
regulations and written policies:
• Burdens imposed on the banking
industry and the public should be
minimized. Before issuing a regulation
or written statement of policy the FDIC
gives careful consideration to the need
for such an issuance. Frequently a
regulation is required by statute.
Alternatively, the FDIC may identify a
need for a supervisory tool to
implement its statutory obligations, or
to clarify its policy for the benefit of the
banking industry or the public. Once the
need for a regulation or statement of
policy is determined, the FDIC seeks to
minimize to the extent practicable the
burdens which such issuance imposes
on the banking industry and the public.
New reporting and recordkeeping
requirements imposed by a regulation
are carefully analyzed. The effect of the
regulation or statement of policy on
competition within the industry is
considered. Particular attention is
focused on the impact that a regulation
will have on small institutions and
whether there are alternatives to
accomplish the FDIC’s goal which
would minimize any burden on small
institutions. Prior to issuance, the
potential benefits associated with the
regulation or statement of policy are
weighed against the potential costs.
• Regulations and policies should be
clearly and understandably written. The
Board seeks to make its regulations and
statements of policy as clear and as
understandable as possible to those
persons who are affected by them. In
developing or reviewing existing
regulations and statements of policy, the
Board considers the document’s
organizational structure as well as the
specific language used; both are
important components to achieving a
clear and useful statement.
• The public should have a
meaningful opportunity to participate in
the rulemaking process. The Board
seeks to improve its regulations and
statement of policy during the
development phase. Whether a new
regulation is being promulgated or an
existing one revised, the Board gives
careful consideration to the implications
of its actions as public policy. Public
participation in the rulemaking process
is an opportunity for the Board to hear
directly from affected members of the
public with important experience and
thoughtful insights related to the
pertinent issues. A person or
organization may petition the Board for
the issuance, amendment, or repeal of
any regulation or policy by submitting
a written petition to the Executive
Secretary of the FDIC. The petition
should include a complete and concise
statement of the petitioner’s interest in
the subject matter and the reasons why
the petition should be granted.
All rulemaking is carried out in
accordance with the APA, by which the
Board provides the public with notices
of proposed rulemaking and
opportunities to submit comments on
the proposals. The Board will often seek
public comment on proposed statements
of policy as well. All comments and
proposed alternatives received during
the comment period are considered
prior to the issuance of a final rule or
statement of policy. The Board takes
final action on proposed regulations and
policies as promptly as circumstances
allow. If a significant period of time
elapses following the publication of a
proposed rule or policy without final
action, the Board will consider
withdrawing the proposal or re-
publishing it for comment. If the Board
decides to reconsider a proposed
regulation or statement of policy that
has been withdrawn, it will begin the
rulemaking or policy development
process anew.
• Common statutory and supervisory
requirements should be implemented by
the Federal financial institutions
regulators in a uniform way. The FDIC
has many statutory and supervisory
requirements that are common to the
Board of Governors of the Federal
Reserve System, the Office of the
Comptroller of the Currency, the Office
of Thrift Supervision, and/or the
National Credit Union Administration.
The more uniform the Federal financial
institutions regulators can be in their
regulations, policies and approaches to
supervision, the easier it will be for the
industry and the public to comply with
the regulators’ requirements. The FDIC
is a member of the Federal Financial
Institutions Examination Council
(FFIEC) and works with the other
federal financial institutions regulators
through the FFIEC to make uniform
those regulations and policies that
implement common statutory or
supervisory policies.
• Regulations and statements of
policy should be reviewed periodically.
To ensure that the FDIC’s regulations
and written statements of policy are
current, effective, efficient and continue
to meet the principles set forth in this
Policy, the FDIC will periodically
undertake a review of each regulation
and statement of policy. The Executive
Secretary of the FDIC will, consistent
with applicable laws and in
coordination with other financial
institutions regulators, establish a
schedule and procedures for the
reviews. Factors to be considered in
determining whether a regulation or
written policy should be revised or
eliminated include: the continued need
for the regulation or policy;
opportunities to simplify or clarify the
regulation or policy; the need to
eliminate duplicative and inconsistent
regulations and policies; and the extent
to which technology, economic
conditions, and other factors have
changed in the area affected by the
regulation or policy. The result of this
review will be a specific decision for
each regulation and statement of policy
to either revise, rescind or retain the
issuance in its then-current form. The
principles of regulation and statement of
policy development, as articulated at
the beginning of this Policy, will apply
to the periodic reviews as well.
By order of the Board of Directors.
Dated at Washington, D.C. this 28th day of
April, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98–12059 Filed 5–6–98; 8:45 am]
BILLING CODE 6714–01–M
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. 97–SW–49–AD; Amendment
39–10515; AD 98–10–04]
RIN 2120–AA64
Airworthiness Directives; Eurocopter
France Model SA–365N1, AS–365N2,
and SA–366G1 Helicopters
AGENCY: Federal Aviation
Administration, DOT.
Development and Review of FDIC
Regulations and Policies
Statement of Policy
Purpose and Scope. The Federal
Deposit Insurance Corporation is
committed to continually improving the
quality of its regulations and policies, to
minimizing regulatory burdens on the
public and the banking industry, and
generally to ensuring that its regulations
and policies achieve legislative goals
effectively and efficiently. The purpose
of this statement of policy (Policy) is to
establish basic principles which guide
the FDIC’s promulgation and review of
regulations and written statements of
policy. The scope of this Policy is
limited to regulations and written
statements of policy issued by the Board
of Directors of the FDIC.
Principles For the Development and
Review of Regulations and Statements
of Policy. The following principles
guide the FDIC in its development of
regulations and written policies:
• Burdens imposed on the banking
industry and the public should be
minimized. Before issuing a regulation
or written statement of policy the FDIC
gives careful consideration to the need
for such an issuance. Frequently a
regulation is required by statute.
Alternatively, the FDIC may identify a
need for a supervisory tool to
implement its statutory obligations, or
to clarify its policy for the benefit of the
banking industry or the public. Once the
need for a regulation or statement of
policy is determined, the FDIC seeks to
minimize to the extent practicable the
burdens which such issuance imposes
on the banking industry and the public.
New reporting and recordkeeping
requirements imposed by a regulation
are carefully analyzed. The effect of the
regulation or statement of policy on
competition within the industry is
considered. Particular attention is
focused on the impact that a regulation
will have on small institutions and
whether there are alternatives to
accomplish the FDIC’s goal which
would minimize any burden on small
institutions. Prior to issuance, the
potential benefits associated with the
regulation or statement of policy are
weighed against the potential costs.
• Regulations and policies should be
clearly and understandably written. The
Board seeks to make its regulations and
statements of policy as clear and as
understandable as possible to those
persons who are affected by them. In
developing or reviewing existing
regulations and statements of policy, the
Board considers the document’s
organizational structure as well as the
specific language used; both are
important components to achieving a
clear and useful statement.
• The public should have a
meaningful opportunity to participate in
the rulemaking process. The Board
seeks to improve its regulations and
statement of policy during the
development phase. Whether a new
regulation is being promulgated or an
existing one revised, the Board gives
careful consideration to the implications
of its actions as public policy. Public
participation in the rulemaking process
is an opportunity for the Board to hear
directly from affected members of the
public with important experience and
thoughtful insights related to the
pertinent issues. A person or
organization may petition the Board for
the issuance, amendment, or repeal of
any regulation or policy by submitting
a written petition to the Executive
Secretary of the FDIC. The petition
should include a complete and concise
statement of the petitioner’s interest in
the subject matter and the reasons why
the petition should be granted.
All rulemaking is carried out in
accordance with the APA, by which the
Board provides the public with notices
of proposed rulemaking and
opportunities to submit comments on
the proposals. The Board will often seek
public comment on proposed statements
of policy as well. All comments and
proposed alternatives received during
the comment period are considered
prior to the issuance of a final rule or
statement of policy. The Board takes
final action on proposed regulations and
policies as promptly as circumstances
allow. If a significant period of time
elapses following the publication of a
proposed rule or policy without final
action, the Board will consider
withdrawing the proposal or re-
publishing it for comment. If the Board
decides to reconsider a proposed
regulation or statement of policy that
has been withdrawn, it will begin the
rulemaking or policy development
process anew.
• Common statutory and supervisory
requirements should be implemented by
the Federal financial institutions
regulators in a uniform way. The FDIC
has many statutory and supervisory
requirements that are common to the
Board of Governors of the Federal
Reserve System, the Office of the
Comptroller of the Currency, the Office
of Thrift Supervision, and/or the
National Credit Union Administration.
The more uniform the Federal financial
institutions regulators can be in their
regulations, policies and approaches to
supervision, the easier it will be for the
industry and the public to comply with
the regulators’ requirements. The FDIC
is a member of the Federal Financial
Institutions Examination Council
(FFIEC) and works with the other
federal financial institutions regulators
through the FFIEC to make uniform
those regulations and policies that
implement common statutory or
supervisory policies.
• Regulations and statements of
policy should be reviewed periodically.
To ensure that the FDIC’s regulations
and written statements of policy are
current, effective, efficient and continue
to meet the principles set forth in this
Policy, the FDIC will periodically
undertake a review of each regulation
and statement of policy. The Executive
Secretary of the FDIC will, consistent
with applicable laws and in
coordination with other financial
institutions regulators, establish a
schedule and procedures for the
reviews. Factors to be considered in
determining whether a regulation or
written policy should be revised or
eliminated include: the continued need
for the regulation or policy;
opportunities to simplify or clarify the
regulation or policy; the need to
eliminate duplicative and inconsistent
regulations and policies; and the extent
to which technology, economic
conditions, and other factors have
changed in the area affected by the
regulation or policy. The result of this
review will be a specific decision for
each regulation and statement of policy
to either revise, rescind or retain the
issuance in its then-current form. The
principles of regulation and statement of
policy development, as articulated at
the beginning of this Policy, will apply
to the periodic reviews as well.
By order of the Board of Directors.
Dated at Washington, D.C. this 28th day of
April, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98–12059 Filed 5–6–98; 8:45 am]
BILLING CODE 6714–01–M
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. 97–SW–49–AD; Amendment
39–10515; AD 98–10–04]
RIN 2120–AA64
Airworthiness Directives; Eurocopter
France Model SA–365N1, AS–365N2,
and SA–366G1 Helicopters
AGENCY: Federal Aviation
Administration, DOT.