Rules of Practice for Hearings, 8360-8362 [2017-00595]
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8360
Federal Register / Vol. 82, No. 15 / Wednesday, January 25, 2017 / Rules and Regulations
mstockstill on DSK3G9T082PROD with RULES
Amendment Number 7, Revision 1 on
April 25, 2017.
Amendment Number 7, Revision 1,
Effective Date: April 25, 2017.
Amendment Number 8 Effective Date:
December 5, 2005, superseded by
Amendment Number 8, Revision 1 on
April 25, 2017.
Amendment Number 8, Revision 1,
Effective Date: April 25, 2017.
Amendment Number 9 Effective Date:
April 17, 2007, superseded by
Amendment Number 9, Revision 1 on
April 25, 2017.
Amendment Number 9, Revision 1,
Effective Date: April 25, 2017.
Amendment Number 10 Effective
Date: August 24, 2009, superseded by
Amendment Number 10, Revision 1 on
April 25, 2017.
Amendment Number 10, Revision 1,
Effective Date: April 25, 2017.
Amendment Number 11 Effective
Date: January 7, 2014, superseded by
Amendment Number 11, Revision 1 on
April 25, 2017.
Amendment Number 11, Revision 1,
Effective Date: April 25, 2017.
Amendment Number 12 Effective
Date: Amendment not issued by the
NRC.
Amendment Number 13 Effective
Date: May 24, 2014, superseded by
Amendment Number 13, Revision 1 on
April 25, 2017.
Amendment Number 13, Revision 1,
Effective Date: April 25, 2017.
Amendment Number 14 Effective
Date: April 25, 2017.
SAR Submitted by: Transnuclear, Inc.
SAR Title: Final Safety Analysis
Report for the Standardized NUHOMS®
Horizontal Modular Storage System for
Irradiated Nuclear Fuel.
Docket Number: 72–1004.
Certificate Expiration Date: January
23, 2015 (under timely renewal
pursuant to 10 CFR 72.240(b)).
Model Number: NUHOMS®–24P,
–24PHB, –24PTH, –32PT, –32PTH1,
–37PTH, –52B, –61BT, –61BTH, and
–69BTH.
*
*
*
*
*
Dated at Rockville, Maryland, this 19th day
of December, 2016.
For the Nuclear Regulatory Commission.
Victor M. McCree,
Executive Director for Operations.
[FR Doc. 2016–31990 Filed 1–24–17; 8:45 am]
BILLING CODE 7590–01–P
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FEDERAL RESERVE SYSTEM
12 CFR Part 263
[Docket No. R–1543 RIN 7100 AE–55]
Rules of Practice for Hearings
Board of Governors of the
Federal Reserve System.
ACTION: Final rule.
AGENCY:
The Board of Governors of the
Federal Reserve System (the ‘‘Board’’) is
issuing a final rule amending its rules of
practice and procedure to adjust the
amount of each civil money penalty
(‘‘CMP’’) provided by law within its
jurisdiction to account for inflation as
required by the Federal Civil Penalties
Inflation Adjustment Act Improvements
Act of 2015.
DATES: This final rule is effective
January 25, 2017.
FOR FURTHER INFORMATION CONTACT:
Patrick M. Bryan, Assistant General
Counsel (202–974–7093), or Thomas O.
Kelly, Senior Attorney (202–974–7059),
Legal Division, Board of Governors of
the Federal Reserve System, 20th Street
and Constitution Ave. NW.,
Washington, DC 20551. For users of
Telecommunication Device for the Deaf
(TDD) only, contact 202/263–4869.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Federal Civil Penalties Inflation
Adjustment Act
The Federal Civil Penalties Inflation
Adjustment Act of 1990, 28 U.S.C. 2461
note (‘‘FCPIA Act’’), requires federal
agencies to adjust, by regulation, the
CMPs within their jurisdiction to
account for inflation. The Federal Civil
Penalties Inflation Adjustment Act
Improvements Act of 2015 (the ‘‘2015
Act’’)1 amended the FCPIA Act to
require federal agencies to make a
‘‘catch-up’’ adjustment—the first
inflation adjustment after the date of
enactment of the 2015 Act—through an
interim final rulemaking, to take effect
no later than August 1, 2016, and to
make adjustments not later than January
15 of every year thereafter.2 On July 20,
2016, the Board issued an interim final
rule setting the CMP levels pursuant to
the required catch-up adjustment. The
Board is now issuing a new final rule to
set the CMP levels pursuant to the
required annual adjustment for 2017.
The Board will apply these adjusted
maximum penalty levels to any
penalties assessed on or after January
15, 2017, whose associated violations
occurred on or after November 2, 2015.
1 Pub. L. 114–74, 129 Stat. 599 (2015) (codified at
28 U.S.C. 2461 note).
2 28 U.S.C. 2461 note, section 4(b)(1).
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Penalties assessed for violations
occurring prior to November 2, 2015
will be subject to the amounts set in the
Board’s 2012 adjustment pursuant to the
FCPIA Act.3
Under the 2015 Act, the annual
adjustment to be made for 2017 is the
percentage by which the Consumer
Price Index for the month of October
2016 exceeds the Consumer Price Index
for the month of October 2015. On
December 16, 2016, as directed by the
2015 Act, the Office of Management and
Budget (OMB) issued guidance to
affected agencies on implementing the
required annual adjustment which
included the relevant inflation
multiplier.4 Using OMB’s multiplier, the
Board calculated the adjusted penalties
for its CMPs, rounding the penalties to
the nearest dollar.5
Comment Received in Response to the
July 20, 2016 Interim Final Rule
The Board received one comment
letter on behalf of International
Bancshares Corporation (‘‘IBC’’) in
response to the July 20, 2016 interim
final rule. IBC expressed
disappointment that the Board
published the new penalty levels
through an interim final rule without
engaging in prior notice and comment
proceedings. As IBC itself
acknowledged, however, the 2015 Act
required the Board to adjust the
penalties for the catch-up adjustment
through an interim final rulemaking to
take effect no later than August 1, 2016.
IBC also expressed concern with many
of the new maximum penalty amounts,
urging the Board to exercise its
discretion to ‘‘withhold using its
maximum penalty authority.’’ Again, as
IBC acknowledged, the Board calculated
the new penalty amounts strictly in
accordance with the 2015 Act and
OMB’s implementing guidance.
Moreover, setting the new upper limits
on penalties does not require the Board
in any particular case to assess the
maximum amounts.
Administrative Procedure Act
The 2015 Act states that agencies
shall make the annual adjustment
3 77
FR 68680 (Nov. 16, 2012).
Memorandum M–17–11, Implementation
of the 2017 Annual Adjustment Pursuant to the
Federal Civil Penalties Inflation Adjustment Act
Improvements Act of 2015 (Dec. 16, 2016).
5 Under the 2015 Act and implementing OMB
guidance, agencies are not required to make an
adjustment to a CMP if, during the 12 months
preceding the required adjustment, such penalty
increased due to a law other than the 2015 Act by
an amount greater than the amount of the required
adjustment. No other laws have adjusted the CMPs
within the Board’s jurisdiction during the preceding
12 months.
4 OMB
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Federal Register / Vol. 82, No. 15 / Wednesday, January 25, 2017 / Rules and Regulations
8361
‘‘notwithstanding section 553 of title 5,
United States Code.’’ Therefore, this
rule is not subject to the provisions of
the Administrative Procedure Act (the
‘‘APA’’), 5 U.S.C. 553, requiring notice,
public participation, and deferred
effective date.
subject to the Paperwork Reduction Act
of 1995, 44 U.S.C. 3501 et seq.
§ 263.65 Civil money penalty inflation
adjustments.
List of Subjects in 12 CFR Part 263
Administrative practice and
procedure, Claims, Crime, Equal access
to justice, Lawyers, Penalties.
Regulatory Flexibility Act
Authority and Issuance
For the reasons set forth in the
preamble, the Board amends 12 CFR
part 263 to read as follows:
(a) Inflation adjustments. In
accordance with the Federal Civil
Penalties Inflation Adjustment Act
Improvements Act of 2015, which
further amended the Federal Civil
Penalties Inflation Adjustment Act of
1990, the Board has set forth in
paragraph (b) of this section the
adjusted maximum amounts for each
civil money penalty provided by law
within the Board’s jurisdiction. The
authorizing statutes contain the
complete provisions under which the
Board may seek a civil money penalty.
The adjusted civil money penalties
apply only to penalties assessed on or
after January 15, 2017, whose associated
violations occurred on or after
November 2, 2015.
(b) Maximum civil money penalties.
The maximum (or, in the cases of 12
U.S.C. 334 and 1832(c), fixed) civil
money penalties as set forth in the
referenced statutory sections are set
forth in the table in this paragraph (b).
The Regulatory Flexibility Act, 5
U.S.C. 601 et seq., requires a regulatory
flexibility analysis only for rules for
which an agency is required to publish
a general notice of proposed
rulemaking. Because the 2015 Act states
that agencies’ annual adjustments are to
be made notwithstanding section 553 of
title 5 of United States Code—the APA
section requiring notice of proposed
rulemaking—the Board is not
publishing a notice of proposed
rulemaking. Therefore, the Regulatory
Flexibility Act does not apply.
Paperwork Reduction Act
There is no collection of information
required by this final rule that would be
PART 263—RULES OF PRACTICE FOR
HEARINGS
1. The authority citation for part 263
continues to read as follows:
■
Authority: 5 U.S.C. 504, 554–557; 12
U.S.C. 248, 324, 334, 347a, 504, 505, 1464,
1467, 1467a, 1817(j), 1818, 1820(k), 1829,
1831o, 1831p–1, 1832(c), 1847(b), 1847(d),
1884, 1972(2)(F), 3105, 3108, 3110, 3349,
3907, 3909(d), 4717; 15 U.S.C. 21, 78l(i),
78o–4, 78o–5, 78u–2; 1639e(k); 28 U.S.C.
2461 note; 31 U.S.C. 5321; and 42 U.S.C.
4012a.
2. Section 263.65 is revised to read as
follows:
■
Adjusted civil
money penalty
mstockstill on DSK3G9T082PROD with RULES
Statute
12 U.S.C. 324:
Inadvertently late or misleading reports, inter alia .................................................................................................................
Other late or misleading reports, inter alia .............................................................................................................................
Knowingly or reckless false or misleading reports, inter alia .................................................................................................
12 U.S.C. 334 ................................................................................................................................................................................
12 U.S.C. 374a ..............................................................................................................................................................................
12 U.S.C. 504:
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
Third Tier ................................................................................................................................................................................
12 U.S.C. 505:
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
Third Tier ................................................................................................................................................................................
12 U.S.C. 1464(v)(4) .....................................................................................................................................................................
12 U.S.C. 1464(v)(5) .....................................................................................................................................................................
12 U.S.C. 1464(v)(6) .....................................................................................................................................................................
12 U.S.C. 1467a(i)(2) ....................................................................................................................................................................
12 U.S.C. 1467a(i)(3) ....................................................................................................................................................................
12 U.S.C. 1467a(r):
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
Third Tier ................................................................................................................................................................................
12 U.S.C. 1817(j)(16):
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
Third Tier ................................................................................................................................................................................
12 U.S.C. 1818(i)(2):
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
Third Tier ................................................................................................................................................................................
12 U.S.C. 1820(k)(6)(A)(ii) .............................................................................................................................................................
12 U.S.C. 1832(c) ..........................................................................................................................................................................
12 U.S.C. 1847(b) ..........................................................................................................................................................................
12 U.S.C. 1847(d):
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
Third Tier ................................................................................................................................................................................
12 U.S.C. 1884 ..............................................................................................................................................................................
12 U.S.C. 1972(2)(F):
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
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E:\FR\FM\25JAR1.SGM
25JAR1
$3,849
38,492
1,924,589
279
279
9,623
48,114
1,924,589
9,623
48,114
1,924,589
3,849
38,492
1,924,589
48,114
48,114
3,849
38,492
1,924,589
9,623
48,114
1,924,589
9,623
48,114
1,924,589
316,566
2,795
48,114
3,849
38,492
1,924,589
279
9,623
48,114
8362
Federal Register / Vol. 82, No. 15 / Wednesday, January 25, 2017 / Rules and Regulations
Adjusted civil
money penalty
Statute
Third Tier ................................................................................................................................................................................
12 U.S.C. 3110(a) ..........................................................................................................................................................................
12 U.S.C. 3110(c):
First Tier .................................................................................................................................................................................
Second Tier ............................................................................................................................................................................
Third Tier ................................................................................................................................................................................
12 U.S.C. 3909(d) ..........................................................................................................................................................................
15 U.S.C. 78u–2(b)(1):
For a natural person ...............................................................................................................................................................
For any other person ..............................................................................................................................................................
15 U.S.C. 78u–2(b)(2):
For a natural person ...............................................................................................................................................................
For any other person ..............................................................................................................................................................
15 U.S.C. 78u–2(b)(3):
For a natural person ...............................................................................................................................................................
For any other person ..............................................................................................................................................................
15 U.S.C. 1639e(k)(1) ...................................................................................................................................................................
15 U.S.C. 1639e(k)(2) ...................................................................................................................................................................
42 U.S.C. 4012a(f)(5) ....................................................................................................................................................................
By order of the Board of Governors of the
Federal Reserve System, January 9, 2017.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2017–00595 Filed 1–19–17; 4:15 pm]
BILLING CODE 6210–01–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 100
[Docket No. USCG–2016–1060]
Special Local Regulation; Southern
California Annual Marine Events for
the San Diego Captain of the Port
Zone—Hanohano Ocean Challenge
Coast Guard, DHS.
ACTION: Notice of enforcement of
regulation.
AGENCY:
The Coast Guard will enforce
the Hanohano Ocean Challenge special
local regulations on the waters of
Mission Bay, California on January 28,
2017. These special local regulations are
necessary to provide for the safety of the
participants, crew, spectators, sponsor
vessels, and general users of the
waterway. During the enforcement
period, persons and vessels are
prohibited from anchoring, blocking,
loitering, or impeding within this
regulated area unless authorized by the
Captain of the Port, or his designated
representative.
mstockstill on DSK3G9T082PROD with RULES
SUMMARY:
The regulations in 33 CFR
100.1101 will be enforced from 7:00
a.m. through 2:00 p.m. on January 28,
2017 for Item 16 in Table 1 of Section
100.1101.
DATES:
VerDate Sep<11>2014
16:53 Jan 24, 2017
Jkt 241001
If
you have questions about this
publication of enforcement, call or
email Lieutenant Robert Cole,
Waterways Management, U.S. Coast
Guard Sector San Diego, CA; telephone
(619) 278–7656, email
D11MarineEventsSD@uscg.mil.
SUPPLEMENTARY INFORMATION: The Coast
Guard will enforce the special local
regulations in 33 CFR 100.1101 for the
Hanohano Ocean Challenge in Mission
Bay, CA in 33 CFR 100.1101, Table 1,
Item 16 of that section from 7:00 a.m.
until 2:00 p.m. on January 28, 2017.
This enforcement action is being taken
to provide for the safety of life on
navigable waterways during the event.
The Coast Guard’s regulation for
recurring marine events in the San
Diego Captain of the Port Zone
identifies the regulated entities and area
for this event. Under the provisions of
33 CFR 100.1101, persons and vessels
are prohibited from anchoring, blocking,
loitering, or impeding within this
regulated area, unless authorized by the
Captain of the Port, or his designated
representative. The Coast Guard may be
assisted by other Federal, State, or local
law enforcement agencies in enforcing
this regulation.
This document is issued under
authority of 5 U.S.C. 552(a) and 33 CFR
100.1101. In addition to this document
in the Federal Register, the Coast Guard
will provide the maritime community
with advance notification of this
enforcement period via the Local Notice
to Mariners, Broadcast Notice to
Mariners, and local advertising by the
event sponsor.
If the Captain of the Port Sector San
Diego or his designated representative
determines that the regulated area need
not be enforced for the full duration
FOR FURTHER INFORMATION CONTACT:
PO 00000
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1,924,589
43,983
3,519
35,186
1,759,309
2,394
9,054
90,535
90,535
452,677
181,071
905,353
11,053
22,105
2,090
stated on this document, he or she may
use a Broadcast Notice to Mariners or
other communications coordinated with
the event sponsor to grant general
permission to enter the regulated area.
Dated: December 15, 2016.
J.R. Buzzella,
Captain, U.S. Coast Guard, Captain of the
Port San Diego.
[FR Doc. 2017–00903 Filed 1–24–17; 8:45 am]
BILLING CODE 9110–04–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2017–0008]
Drawbridge Operation Regulation;
Tombigbee River, Naheola, AL
Coast Guard, DHS.
Notice of deviation from
drawbridge regulation.
AGENCY:
ACTION:
The Coast Guard has issued a
temporary deviation from the operating
schedule that governs the Meridian &
Bigbee Railroad (MNBR) vertical lift
bridge across the Tombigbee River, mile
128.6 (Black Warrior Tombigbee
Waterway mile 173.6) at Naheola,
between Choctaw and Marengo
Counties, Alabama. The deviation is
necessary to conduct maintenance
essential for the continued safe
operation of the bridge. This deviation
allows the bridge to remain in the
closed-to-navigation position for certain
daytime hours for two (2) three day
periods between Friday, January 20,
2017, and Sunday, January 29, 2017.
SUMMARY:
E:\FR\FM\25JAR1.SGM
25JAR1
]]>Agencies
[Federal Register Volume 82, Number 15 (Wednesday, January 25, 2017)]
[Rules and Regulations]
[Pages 8360-8362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00595]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 263
[Docket No. R-1543 RIN 7100 AE-55]
Rules of Practice for Hearings
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (the
``Board'') is issuing a final rule amending its rules of practice and
procedure to adjust the amount of each civil money penalty (``CMP'')
provided by law within its jurisdiction to account for inflation as
required by the Federal Civil Penalties Inflation Adjustment Act
Improvements Act of 2015.
DATES: This final rule is effective January 25, 2017.
FOR FURTHER INFORMATION CONTACT: Patrick M. Bryan, Assistant General
Counsel (202-974-7093), or Thomas O. Kelly, Senior Attorney (202-974-
7059), Legal Division, Board of Governors of the Federal Reserve
System, 20th Street and Constitution Ave. NW., Washington, DC 20551.
For users of Telecommunication Device for the Deaf (TDD) only, contact
202/263-4869.
SUPPLEMENTARY INFORMATION:
Federal Civil Penalties Inflation Adjustment Act
The Federal Civil Penalties Inflation Adjustment Act of 1990, 28
U.S.C. 2461 note (``FCPIA Act''), requires federal agencies to adjust,
by regulation, the CMPs within their jurisdiction to account for
inflation. The Federal Civil Penalties Inflation Adjustment Act
Improvements Act of 2015 (the ``2015 Act'')\1\ amended the FCPIA Act to
require federal agencies to make a ``catch-up'' adjustment--the first
inflation adjustment after the date of enactment of the 2015 Act--
through an interim final rulemaking, to take effect no later than
August 1, 2016, and to make adjustments not later than January 15 of
every year thereafter.\2\ On July 20, 2016, the Board issued an interim
final rule setting the CMP levels pursuant to the required catch-up
adjustment. The Board is now issuing a new final rule to set the CMP
levels pursuant to the required annual adjustment for 2017. The Board
will apply these adjusted maximum penalty levels to any penalties
assessed on or after January 15, 2017, whose associated violations
occurred on or after November 2, 2015. Penalties assessed for
violations occurring prior to November 2, 2015 will be subject to the
amounts set in the Board's 2012 adjustment pursuant to the FCPIA
Act.\3\
---------------------------------------------------------------------------
\1\ Pub. L. 114-74, 129 Stat. 599 (2015) (codified at 28 U.S.C.
2461 note).
\2\ 28 U.S.C. 2461 note, section 4(b)(1).
\3\ 77 FR 68680 (Nov. 16, 2012).
---------------------------------------------------------------------------
Under the 2015 Act, the annual adjustment to be made for 2017 is
the percentage by which the Consumer Price Index for the month of
October 2016 exceeds the Consumer Price Index for the month of October
2015. On December 16, 2016, as directed by the 2015 Act, the Office of
Management and Budget (OMB) issued guidance to affected agencies on
implementing the required annual adjustment which included the relevant
inflation multiplier.\4\ Using OMB's multiplier, the Board calculated
the adjusted penalties for its CMPs, rounding the penalties to the
nearest dollar.\5\
---------------------------------------------------------------------------
\4\ OMB Memorandum M-17-11, Implementation of the 2017 Annual
Adjustment Pursuant to the Federal Civil Penalties Inflation
Adjustment Act Improvements Act of 2015 (Dec. 16, 2016).
\5\ Under the 2015 Act and implementing OMB guidance, agencies
are not required to make an adjustment to a CMP if, during the 12
months preceding the required adjustment, such penalty increased due
to a law other than the 2015 Act by an amount greater than the
amount of the required adjustment. No other laws have adjusted the
CMPs within the Board's jurisdiction during the preceding 12 months.
---------------------------------------------------------------------------
Comment Received in Response to the July 20, 2016 Interim Final Rule
The Board received one comment letter on behalf of International
Bancshares Corporation (``IBC'') in response to the July 20, 2016
interim final rule. IBC expressed disappointment that the Board
published the new penalty levels through an interim final rule without
engaging in prior notice and comment proceedings. As IBC itself
acknowledged, however, the 2015 Act required the Board to adjust the
penalties for the catch-up adjustment through an interim final
rulemaking to take effect no later than August 1, 2016. IBC also
expressed concern with many of the new maximum penalty amounts, urging
the Board to exercise its discretion to ``withhold using its maximum
penalty authority.'' Again, as IBC acknowledged, the Board calculated
the new penalty amounts strictly in accordance with the 2015 Act and
OMB's implementing guidance. Moreover, setting the new upper limits on
penalties does not require the Board in any particular case to assess
the maximum amounts.
Administrative Procedure Act
The 2015 Act states that agencies shall make the annual adjustment
[[Page 8361]]
``notwithstanding section 553 of title 5, United States Code.''
Therefore, this rule is not subject to the provisions of the
Administrative Procedure Act (the ``APA''), 5 U.S.C. 553, requiring
notice, public participation, and deferred effective date.
Regulatory Flexibility Act
The Regulatory Flexibility Act, 5 U.S.C. 601 et seq., requires a
regulatory flexibility analysis only for rules for which an agency is
required to publish a general notice of proposed rulemaking. Because
the 2015 Act states that agencies' annual adjustments are to be made
notwithstanding section 553 of title 5 of United States Code--the APA
section requiring notice of proposed rulemaking--the Board is not
publishing a notice of proposed rulemaking. Therefore, the Regulatory
Flexibility Act does not apply.
Paperwork Reduction Act
There is no collection of information required by this final rule
that would be subject to the Paperwork Reduction Act of 1995, 44 U.S.C.
3501 et seq.
List of Subjects in 12 CFR Part 263
Administrative practice and procedure, Claims, Crime, Equal access
to justice, Lawyers, Penalties.
Authority and Issuance
For the reasons set forth in the preamble, the Board amends 12 CFR
part 263 to read as follows:
PART 263--RULES OF PRACTICE FOR HEARINGS
0
1. The authority citation for part 263 continues to read as follows:
Authority: 5 U.S.C. 504, 554-557; 12 U.S.C. 248, 324, 334, 347a,
504, 505, 1464, 1467, 1467a, 1817(j), 1818, 1820(k), 1829, 1831o,
1831p-1, 1832(c), 1847(b), 1847(d), 1884, 1972(2)(F), 3105, 3108,
3110, 3349, 3907, 3909(d), 4717; 15 U.S.C. 21, 78l(i), 78o-4, 78o-5,
78u-2; 1639e(k); 28 U.S.C. 2461 note; 31 U.S.C. 5321; and 42 U.S.C.
4012a.
0
2. Section 263.65 is revised to read as follows:
Sec. 263.65 Civil money penalty inflation adjustments.
(a) Inflation adjustments. In accordance with the Federal Civil
Penalties Inflation Adjustment Act Improvements Act of 2015, which
further amended the Federal Civil Penalties Inflation Adjustment Act of
1990, the Board has set forth in paragraph (b) of this section the
adjusted maximum amounts for each civil money penalty provided by law
within the Board's jurisdiction. The authorizing statutes contain the
complete provisions under which the Board may seek a civil money
penalty. The adjusted civil money penalties apply only to penalties
assessed on or after January 15, 2017, whose associated violations
occurred on or after November 2, 2015.
(b) Maximum civil money penalties. The maximum (or, in the cases of
12 U.S.C. 334 and 1832(c), fixed) civil money penalties as set forth in
the referenced statutory sections are set forth in the table in this
paragraph (b).
------------------------------------------------------------------------
Adjusted civil
Statute money penalty
------------------------------------------------------------------------
12 U.S.C. 324:
Inadvertently late or misleading reports, inter $3,849
alia............................................
Other late or misleading reports, inter alia..... 38,492
Knowingly or reckless false or misleading 1,924,589
reports, inter alia.............................
12 U.S.C. 334........................................ 279
12 U.S.C. 374a....................................... 279
12 U.S.C. 504:
First Tier....................................... 9,623
Second Tier...................................... 48,114
Third Tier....................................... 1,924,589
12 U.S.C. 505:
First Tier....................................... 9,623
Second Tier...................................... 48,114
Third Tier....................................... 1,924,589
12 U.S.C. 1464(v)(4)................................. 3,849
12 U.S.C. 1464(v)(5)................................. 38,492
12 U.S.C. 1464(v)(6)................................. 1,924,589
12 U.S.C. 1467a(i)(2)................................ 48,114
12 U.S.C. 1467a(i)(3)................................ 48,114
12 U.S.C. 1467a(r):
First Tier....................................... 3,849
Second Tier...................................... 38,492
Third Tier....................................... 1,924,589
12 U.S.C. 1817(j)(16):
First Tier....................................... 9,623
Second Tier...................................... 48,114
Third Tier....................................... 1,924,589
12 U.S.C. 1818(i)(2):
First Tier....................................... 9,623
Second Tier...................................... 48,114
Third Tier....................................... 1,924,589
12 U.S.C. 1820(k)(6)(A)(ii).......................... 316,566
12 U.S.C. 1832(c).................................... 2,795
12 U.S.C. 1847(b).................................... 48,114
12 U.S.C. 1847(d):
First Tier....................................... 3,849
Second Tier...................................... 38,492
Third Tier....................................... 1,924,589
12 U.S.C. 1884....................................... 279
12 U.S.C. 1972(2)(F):
First Tier....................................... 9,623
Second Tier...................................... 48,114
[[Page 8362]]
Third Tier....................................... 1,924,589
12 U.S.C. 3110(a).................................... 43,983
12 U.S.C. 3110(c):
First Tier....................................... 3,519
Second Tier...................................... 35,186
Third Tier....................................... 1,759,309
12 U.S.C. 3909(d).................................... 2,394
15 U.S.C. 78u-2(b)(1):
For a natural person............................. 9,054
For any other person............................. 90,535
15 U.S.C. 78u-2(b)(2):
For a natural person............................. 90,535
For any other person............................. 452,677
15 U.S.C. 78u-2(b)(3):
For a natural person............................. 181,071
For any other person............................. 905,353
15 U.S.C. 1639e(k)(1)................................ 11,053
15 U.S.C. 1639e(k)(2)................................ 22,105
42 U.S.C. 4012a(f)(5)................................ 2,090
------------------------------------------------------------------------
By order of the Board of Governors of the Federal Reserve
System, January 9, 2017.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2017-00595 Filed 1-19-17; 4:15 pm]
BILLING CODE 6210-01-P
