Notice of Inflation Adjustments for Civil Money Penalties, 1657-1659 [2018-00521]
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sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices
Borough, Clinton County, Pa. Renewal
of groundwater withdrawal of up to
0.220 mgd (30-day average) from Well 2
(Docket No. 19870602).
2. Project Sponsor and Facility: Cabot
Oil & Gas Corporation (Meshoppen
Creek), Lemon Township, Wyoming
County, Pa. Modification to increase
surface water withdrawal by an
additional 0.500 mgd (peak day), for a
total surface water withdrawal of up to
1.000 mgd (peak day) (Docket No.
20170302).
3. Project Sponsor and Facility:
Chesapeake Appalachia, L.L.C.
(Susquehanna River), Athens Township,
Bradford County, Pa. Renewal of surface
water withdrawal of up to 0.750 mgd
(peak day) (Docket No. 20131202).
4. Project Sponsor and Facility:
Houtzdale Municipal Authority, Gulich
Township, Clearfield County, Pa.
Groundwater withdrawal of up to 1.008
mgd (30-day average) from Well 14R.
5. Project Sponsor and Facility: LHP
Management, LLC (Fishing Creek), Bald
Eagle Township, Clinton County, Pa.
Surface water withdrawal of up to 0.999
mgd (peak day).
6. Project Sponsor and Facility:
Martinsburg Municipal Authority, North
Woodbury Township, Blair County, Pa.
Renewal of groundwater withdrawal of
up to 0.346 mgd (30-day average) from
Wineland Well 3 (Docket No.
19870304).
7. Project Sponsor and Facility:
Borough of Mifflinburg, West Buffalo
Township, Union County, Pa.
Modification to request a reduction in
the withdrawal rate of Well PW–2 from
0.554 mgd to 0.396 mgd (30-day
average), and to eliminate wetlands
monitoring condition (Docket No.
20141203).
8. Project Sponsor and Facility:
Repsol Oil & Gas USA, LLC (Choconut
Creek), Choconut Township,
Susquehanna County, Pa. Renewal of
surface water withdrawal of up to 0.999
mgd (peak day) (Docket No. 20131211).
9. Project Sponsor: SUEZ Water
Pennsylvania Inc. Project Facility:
Shavertown Operation, Dallas
Township, Luzerne County, Pa.
Groundwater withdrawal of up to 0.288
mgd (30-day average) from the Salla
Well.
10. Project Sponsor and Facility: SWN
Production Company, LLC (Lycoming
Creek), Lewis Township, Lycoming
County, Pa. Renewal of surface water
withdrawal of up to 0.500 mgd (peak
day) (Docket No. 20131209).
11. Project Sponsor and Facility: SWN
Production Company, LLC (Lycoming
Creek), McIntyre Township, Lycoming
County, Pa. Renewal of surface water
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withdrawal of up to 0.500 mgd (peak
day) (Docket No. 20131210).
12. Project Sponsor and Facility:
Village of Waverly, Tioga County, N.Y.
Groundwater withdrawal of up to 0.320
mgd (30-day average) from Well 1.
13. Project Sponsor and Facility:
Village of Waverly, Tioga County, N.Y.
Groundwater withdrawal of up to 0.480
mgd (30-day average) from Well 2.
14. Project Sponsor and Facility:
Village of Waverly, Tioga County, N.Y.
Groundwater withdrawal of up to 0.470
mgd (30-day average) from Well 3.
Project Applications Tabled
The Commission tabled action on the
following project applications:
1. Project Sponsor and Facility:
Brymac, Inc. dba Mountain View
Country Club (Pond 3/4), Harris
Township, Centre County, Pa.
Application for surface water
withdrawal of up to 0.240 mgd (peak
day).
2. Project Sponsor and Facility: Cabot
Oil & Gas Corporation (East Branch
Tunkhannock Creek), Lenox Township,
Susquehanna County, Pa. Application
for surface water withdrawal of up to
1.000 mgd (peak day).
3. Project Sponsor and Facility:
Schuylkill Energy Resources, Inc.,
Mahanoy Township, Schuylkill County,
Pa. Application for renewal of
groundwater withdrawal of up to 5.000
mgd (30-day average) from Maple Hill
Mine Shaft Well (Docket No. 19870101).
4. Project Sponsor and Facility:
Schuylkill Energy Resources, Inc.,
Mahanoy Township, Schuylkill County,
Pa. Application for renewal of
consumptive use of up to 2.550 mgd
(peak day) (Docket No. 19870101).
Authority: Pub. L. 91–575, 84 Stat. 1509
et seq., 18 CFR parts 806, 807, and 808.
Dated: January 9, 2018.
Stephanie L. Richardson,
Secretary to the Commission.
[FR Doc. 2018–00466 Filed 1–11–18; 8:45 am]
BILLING CODE 7040–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Notice of Inflation Adjustments for
Civil Money Penalties
Office of the Comptroller of the
Currency, Treasury.
ACTION: Notice of Monetary Penalties
2018.
AGENCY:
The Office of the Comptroller
of the Currency (OCC) is providing
notice of its maximum civil money
SUMMARY:
PO 00000
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Fmt 4703
Sfmt 4703
1657
penalties as adjusted for inflation. The
inflation adjustments are required to
implement the Federal Civil Penalties
Inflation Adjustment Act of 1990, as
amended by the Federal Civil Penalties
Inflation Adjustment Act Improvements
Act of 2015.
DATES: The adjusted maximum amount
of civil money penalties in this notice
are applicable to penalties assessed on
or after January 12, 2018, for conduct
occurring on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT:
Kevin Korzeniewski, Counsel,
Legislative and Regulatory Activities
Division, (202) 649–5490, or, for persons
who are deaf or hearing impaired, TTY,
(202) 649–5597, Office of the
Comptroller of the Currency.
SUPPLEMENTARY INFORMATION: This
notice announces changes to the
maximum amount of each civil money
penalty (CMP) within the OCC’s
jurisdiction to administer to account for
inflation pursuant to the Federal Civil
Penalties Inflation Adjustment Act of
1990 (the 1990 Adjustment Act),1 as
amended by the Federal Civil Penalties
Inflation Adjustment Act Improvements
Act of 2015 (the 2015 Adjustment Act).2
Under the 1990 Adjustment Act, as
amended, federal agencies must make
annual adjustments to the maximum
amount of each CMP the agency
administers. The Office of Management
and Budget (OMB) is required to issue
guidance to federal agencies no later
than December 15 of each year
providing an inflation adjustment
multiplier (i.e. the inflation adjustment
factor agencies must use) applicable to
CMPs assessed in the following year.
The agencies are required to publish
their CMPs, adjusted pursuant to the
multiplier provided by OMB, by January
15 of the applicable year.
To the extent an agency has codified
a CMP amount in its regulations, the
agency would need to update that
amount by regulation. However, if an
agency has codified the formula for
making the CMP adjustments, then
subsequent adjustments can be made
solely by notice.3 Contemporaneous
with this notice, the OCC also submitted
for publication a final regulation to
remove the now-outdated CMP amounts
1 Public Law 101–410, Oct. 5, 1990, 104 Stat. 890,
codified at 28 U.S.C. 2461 note.
2 Public Law 114–74, Title VII, section 701(b),
Nov. 2, 2015, 129 Stat. 599, codified at 28 U.S.C.
2461 note.
3 See OMB Memorandum M–18–03,
‘‘Implementation of the 2018 annual adjustment
pursuant to the Federal Civil Penalties Inflation
Adjustment Act Improvements Act of 2015,’’ at 4,
which permits agencies that have codified the
formula to adjust CMPs for inflation to update the
penalties through a notice rather than a regulation.
E:\FR\FM\12JAN1.SGM
12JAN1
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Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices
from its regulations, while updating
those amounts for inflation through this
notice.
On December 15, 2017, the OMB
issued guidance to affected agencies on
implementing the required annual
adjustment, which included the relevant
inflation multiplier. The OCC has
applied that multiplier to the maximum
CMPs allowable in 2017 for national
banks and federal savings associations
in 12 CFR 19.240(c) and 109.103(c),
respectively, to calculate the maximum
amount of CMPs that may be assessed
by the OCC in 2018.4
The following charts provide the
inflation-adjusted CMPs for use
beginning on January 12, 2018, pursuant
to 12 CFR 19.240(c) and 109.103(c) for
conduct occurring on or after November
2, 2015:
PENALTIES APPLICABLE TO NATIONAL BANKS
Maximum
penalty
amount
(in Dollars) 1
U.S. Code citation
Description and tier
(if applicable)
12 U.S.C. 93(b) .........................................
Violation of Various Provisions of the National Bank Act:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of Reporting Requirements:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Refusal of Affiliate to Cooperate in Examination .........................................................
Violation of Various Provisions of the Federal Reserve Act:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of Change in Bank Control Act:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of Post-Employment Restrictions:
Per violation ..........................................................................................................
Violation of Withdrawals by Negotiable or Transferable Instrument for Transfers to
Third Parties:
Per violation ..........................................................................................................
Violation of the Bank Protection Act .....................................................................
Violation of Anti-Tying Provisions regarding Correspondent Accounts, Unsafe or
Unsound Practices, or Breach of Fiduciary Duty:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of Various Provisions of the International Banking Act (Federal Branches
and Agencies)
Violation of Reporting Requirements of the International Banking Act (Federal
Branches and Agencies):
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of International Lending Supervision Act ......................................................
Violation of Various Provisions of the Securities Act, the Securities Exchange Act,
the Investment Company Act, or the Investment Advisers Act:
Tier 1 (natural person)—Per violation ..................................................................
Tier 1 (other person)—Per violation .....................................................................
Tier 2 (natural person)—Per violation ..................................................................
Tier 2 (other person)—Per violation .....................................................................
Tier 3 (natural person)—Per violation ..................................................................
Tier 3 (other person)—Per violation .....................................................................
Violation of Appraisal Independence Requirements:
First violation .........................................................................................................
Subsequent violations ...........................................................................................
Flood Insurance:
Per violation ..........................................................................................................
12 U.S.C. 164 ...........................................
12 U.S.C. 481 ...........................................
12 U.S.C. 504 ...........................................
12 U.S.C. 1817(j)(16) ...............................
12 U.S.C. 1818(i)(2) 3 ...............................
12 U.S.C. 1820(k)(6)(A)(ii) ........................
12 U.S.C. 1832(c) .....................................
12 U.S.C. 1884 .........................................
12 U.S.C. 1972(2)(F) ................................
12 U.S.C. 3110(a) .....................................
12 U.S.C. 3110(c) .....................................
12 U.S.C. 3909(d)(1) ................................
15 U.S.C. 78u–2(b) ...................................
sradovich on DSK3GMQ082PROD with NOTICES
15 U.S.C. 1639e(k) ...................................
42 U.S.C. 4012a(f)(5) ...............................
9,819
49,096
2 1,963,870
3,928
39,278
2 1,963,870
9,819
9,819
49,096
2 1,963,870
9,819
49,096
2 1,963,870
9,819
49,096
2 1,963,870
323,027
2,852
285
9,819
49,096
2 1,963,870
44,881
3,591
35,904
2 1,795,216
2,443
9,239
92,383
92,383
461,916
184,767
923,831
11,279
22,556
2,133
1 The
maximum penalty amount is per day, unless otherwise indicated.
2 The maximum penalty amount for a national bank is the lesser of this amount or 1 percent of total assets.
3 These amounts also apply to CMPs in statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717
and 15 U.S.C. 1607, 1693o, 1681s, 1691c, and 1692l.
4 Penalties assessed for violations occurring prior
to November 2, 2015, will be subject to the
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17:47 Jan 11, 2018
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maximum amounts set forth in the OCC’s
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regulations in effect prior to the enactment of the
2015 Adjustment Act.
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Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices
PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS
Maximum
penalty
amount
(in Dollars) 1
U.S. Code citation
CMP Description
12 U.S.C. 1464(v) .....................................
Reports of Condition:
1st Tier ..................................................................................................................
2nd Tier .................................................................................................................
3rd Tier ..................................................................................................................
Refusal of Affiliate to Cooperate in Examination .........................................................
Late/Inaccurate Reports:
1st Tier ..................................................................................................................
2nd Tier .................................................................................................................
3rd Tier ..................................................................................................................
Violation of Change in Bank Control Act:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violation of Post-Employment Restrictions:
Per violation ..........................................................................................................
Violation of Withdrawals by Negotiable or Transferable Instruments for Transfers to
Third Parties:
Per violation.
Violation of the Bank Protection Act ............................................................................
Violation of Provisions regarding Correspondent Accounts, Unsafe or Unsound
Practices, or Breach of Fiduciary Duty:
Tier 1 .....................................................................................................................
Tier 2 .....................................................................................................................
Tier 3 .....................................................................................................................
Violations of Various Provisions of the Securities Act, the Securities Exchange Act,
the Investment Company Act, or the Investment Advisers Act:
1st Tier (natural person)—Per violation ................................................................
1st Tier (other person)—Per violation ..................................................................
2nd Tier (natural person)—Per violation ..............................................................
2nd Tier (other person)—Per violation .................................................................
3rd Tier (natural person)—Per violation ...............................................................
3rd Tier (other person)—Per violation ..................................................................
Violation of Appraisal Independence Requirements:
First violation .........................................................................................................
Subsequent violations ...........................................................................................
Flood Insurance:
Per violation ..........................................................................................................
12 U.S.C. 1467(d) .....................................
12 U.S.C. 1467a(r) ...................................
12 U.S.C. 1817(j)(16) ...............................
12 U.S.C. 1818(i)(2) 3 ...............................
12 U.S.C. 1820(k)(6)(A)(ii) ........................
12 U.S.C. 1832(c) .....................................
12 U.S.C. 1884 .........................................
12 U.S.C. 1972(2)(F) ................................
15 U.S.C. 78u–2(b) ...................................
15 U.S.C. 1639e(k) ...................................
42 U.S.C. 4012a(f)(5) ...............................
3,928
39,278
2 1,963,870
9,819
3,928
39,278
2 1,963,870
9,819
49,096
2 1,963,870
9,819
49,096
2 1,963,870
323,027
2,593
285
9,819
49,096
2 1,963,870
9,239
92,383
92,383
461,916
184,767
923,831
11,279
22,556
2,133
1 The
maximum penalty amount is per day, unless otherwise indicated.
2 The maximum penalty amount for a federal savings association is the lesser of this amount or 1 percent of total assets.
3 These amounts also apply to statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15
U.S.C. 1607, 1681s, 1691c, and 1692l.
Dated: January 9, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief
Counsel, Office of the Comptroller of the
Currency.
[FR Doc. 2018–00521 Filed 1–11–18; 8:45 am]
BILLING CODE 4810–33–P
sradovich on DSK3GMQ082PROD with NOTICES
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
IRS Information Collection Requests
Departmental Offices, U.S.
Department of the Treasury.
AGENCY:
ACTION:
Notice.
VerDate Sep<11>2014
17:47 Jan 11, 2018
Jkt 244001
The Department of the
Treasury will submit the following
information collection requests to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
date of publication of this notice. The
public is invited to submit comments on
these requests.
DATES: Comments should be received on
or before February 12, 2018 to be
assured of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
(1) Office of Information and Regulatory
Affairs, Office of Management and
SUMMARY:
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Budget, Attention: Desk Officer for
Treasury, New Executive Office
Building, Room 10235, Washington, DC
20503, or email at OIRA_Submission@
OMB.EOP.gov and (2) Treasury PRA
Clearance Officer, 1750 Pennsylvania
Ave. NW, Suite 8142, Washington, DC
20220, or email at PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Jennifer Quintana by
emailing PRA@treasury.gov, calling
(202) 622–0489, or viewing the entire
information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\12JAN1.SGM
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]]>Agencies
[Federal Register Volume 83, Number 9 (Friday, January 12, 2018)]
[Notices]
[Pages 1657-1659]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00521]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Notice of Inflation Adjustments for Civil Money Penalties
AGENCY: Office of the Comptroller of the Currency, Treasury.
ACTION: Notice of Monetary Penalties 2018.
-----------------------------------------------------------------------
SUMMARY: The Office of the Comptroller of the Currency (OCC) is
providing notice of its maximum civil money penalties as adjusted for
inflation. The inflation adjustments are required to implement the
Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by
the Federal Civil Penalties Inflation Adjustment Act Improvements Act
of 2015.
DATES: The adjusted maximum amount of civil money penalties in this
notice are applicable to penalties assessed on or after January 12,
2018, for conduct occurring on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT: Kevin Korzeniewski, Counsel,
Legislative and Regulatory Activities Division, (202) 649-5490, or, for
persons who are deaf or hearing impaired, TTY, (202) 649-5597, Office
of the Comptroller of the Currency.
SUPPLEMENTARY INFORMATION: This notice announces changes to the maximum
amount of each civil money penalty (CMP) within the OCC's jurisdiction
to administer to account for inflation pursuant to the Federal Civil
Penalties Inflation Adjustment Act of 1990 (the 1990 Adjustment
Act),\1\ as amended by the Federal Civil Penalties Inflation Adjustment
Act Improvements Act of 2015 (the 2015 Adjustment Act).\2\ Under the
1990 Adjustment Act, as amended, federal agencies must make annual
adjustments to the maximum amount of each CMP the agency administers.
The Office of Management and Budget (OMB) is required to issue guidance
to federal agencies no later than December 15 of each year providing an
inflation adjustment multiplier (i.e. the inflation adjustment factor
agencies must use) applicable to CMPs assessed in the following year.
The agencies are required to publish their CMPs, adjusted pursuant to
the multiplier provided by OMB, by January 15 of the applicable year.
---------------------------------------------------------------------------
\1\ Public Law 101-410, Oct. 5, 1990, 104 Stat. 890, codified at
28 U.S.C. 2461 note.
\2\ Public Law 114-74, Title VII, section 701(b), Nov. 2, 2015,
129 Stat. 599, codified at 28 U.S.C. 2461 note.
---------------------------------------------------------------------------
To the extent an agency has codified a CMP amount in its
regulations, the agency would need to update that amount by regulation.
However, if an agency has codified the formula for making the CMP
adjustments, then subsequent adjustments can be made solely by
notice.\3\ Contemporaneous with this notice, the OCC also submitted for
publication a final regulation to remove the now-outdated CMP amounts
[[Page 1658]]
from its regulations, while updating those amounts for inflation
through this notice.
---------------------------------------------------------------------------
\3\ See OMB Memorandum M-18-03, ``Implementation of the 2018
annual adjustment pursuant to the Federal Civil Penalties Inflation
Adjustment Act Improvements Act of 2015,'' at 4, which permits
agencies that have codified the formula to adjust CMPs for inflation
to update the penalties through a notice rather than a regulation.
---------------------------------------------------------------------------
On December 15, 2017, the OMB issued guidance to affected agencies
on implementing the required annual adjustment, which included the
relevant inflation multiplier. The OCC has applied that multiplier to
the maximum CMPs allowable in 2017 for national banks and federal
savings associations in 12 CFR 19.240(c) and 109.103(c), respectively,
to calculate the maximum amount of CMPs that may be assessed by the OCC
in 2018.\4\
---------------------------------------------------------------------------
\4\ Penalties assessed for violations occurring prior to
November 2, 2015, will be subject to the maximum amounts set forth
in the OCC's regulations in effect prior to the enactment of the
2015 Adjustment Act.
---------------------------------------------------------------------------
The following charts provide the inflation-adjusted CMPs for use
beginning on January 12, 2018, pursuant to 12 CFR 19.240(c) and
109.103(c) for conduct occurring on or after November 2, 2015:
Penalties Applicable to National Banks
------------------------------------------------------------------------
Maximum
Description and tier penalty amount
U.S. Code citation (if applicable) (in Dollars)
\1\
------------------------------------------------------------------------
12 U.S.C. 93(b)................ Violation of Various
Provisions of the
National Bank Act:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
12 U.S.C. 164.................. Violation of Reporting
Requirements:
Tier 1.............. 3,928
Tier 2.............. 39,278
Tier 3.............. \2\ 1,963,870
12 U.S.C. 481.................. Refusal of Affiliate to 9,819
Cooperate in
Examination.
12 U.S.C. 504.................. Violation of Various
Provisions of the
Federal Reserve Act:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
12 U.S.C. 1817(j)(16).......... Violation of Change in
Bank Control Act:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
12 U.S.C. 1818(i)(2) \3\....... Violation of Law,
Unsafe or Unsound
Practice, or Breach of
Fiduciary Duty:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
12 U.S.C. 1820(k)(6)(A)(ii).... Violation of Post-
Employment
Restrictions:
Per violation....... 323,027
12 U.S.C. 1832(c).............. Violation of
Withdrawals by
Negotiable or
Transferable
Instrument for
Transfers to Third
Parties:
Per violation....... 2,852
12 U.S.C. 1884................. Violation of the 285
Bank Protection Act.
12 U.S.C. 1972(2)(F)........... Violation of Anti-Tying
Provisions regarding
Correspondent
Accounts, Unsafe or
Unsound Practices, or
Breach of Fiduciary
Duty:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
12 U.S.C. 3110(a).............. Violation of Various 44,881
Provisions of the
International Banking
Act (Federal Branches
and Agencies)
12 U.S.C. 3110(c).............. Violation of Reporting
Requirements of the
International Banking
Act (Federal Branches
and Agencies):
Tier 1.............. 3,591
Tier 2.............. 35,904
Tier 3.............. \2\ 1,795,216
12 U.S.C. 3909(d)(1)........... Violation of 2,443
International Lending
Supervision Act.
15 U.S.C. 78u-2(b)............. Violation of Various
Provisions of the
Securities Act, the
Securities Exchange
Act, the Investment
Company Act, or the
Investment Advisers
Act:
Tier 1 (natural 9,239
person)--Per
violation.
Tier 1 (other 92,383
person)--Per
violation.
Tier 2 (natural 92,383
person)--Per
violation.
Tier 2 (other 461,916
person)--Per
violation.
Tier 3 (natural 184,767
person)--Per
violation.
Tier 3 (other 923,831
person)--Per
violation.
15 U.S.C. 1639e(k)............. Violation of Appraisal
Independence
Requirements:
First violation..... 11,279
Subsequent 22,556
violations.
42 U.S.C. 4012a(f)(5).......... Flood Insurance:
Per violation....... 2,133
------------------------------------------------------------------------
\1\ The maximum penalty amount is per day, unless otherwise indicated.
\2\ The maximum penalty amount for a national bank is the lesser of this
amount or 1 percent of total assets.
\3\ These amounts also apply to CMPs in statutes that cross-reference 12
U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15
U.S.C. 1607, 1693o, 1681s, 1691c, and 1692l.
[[Page 1659]]
Penalties Applicable to Federal Savings Associations
------------------------------------------------------------------------
Maximum
penalty amount
U.S. Code citation CMP Description (in Dollars)
\1\
------------------------------------------------------------------------
12 U.S.C. 1464(v).............. Reports of Condition:
1st Tier............ 3,928
2nd Tier............ 39,278
3rd Tier............ \2\ 1,963,870
12 U.S.C. 1467(d).............. Refusal of Affiliate to 9,819
Cooperate in
Examination.
12 U.S.C. 1467a(r)............. Late/Inaccurate
Reports:
1st Tier............ 3,928
2nd Tier............ 39,278
3rd Tier............ \2\ 1,963,870
12 U.S.C. 1817(j)(16).......... Violation of Change in
Bank Control Act:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
12 U.S.C. 1818(i)(2) \3\....... Violation of Law,
Unsafe or Unsound
Practice, or Breach of
Fiduciary Duty:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
12 U.S.C. 1820(k)(6)(A)(ii).... Violation of Post-
Employment
Restrictions:
Per violation....... 323,027
12 U.S.C. 1832(c).............. Violation of 2,593
Withdrawals by
Negotiable or
Transferable
Instruments for
Transfers to Third
Parties:
Per violation.......
12 U.S.C. 1884................. Violation of the Bank 285
Protection Act.
12 U.S.C. 1972(2)(F)........... Violation of Provisions
regarding
Correspondent
Accounts, Unsafe or
Unsound Practices, or
Breach of Fiduciary
Duty:
Tier 1.............. 9,819
Tier 2.............. 49,096
Tier 3.............. \2\ 1,963,870
15 U.S.C. 78u-2(b)............. Violations of Various
Provisions of the
Securities Act, the
Securities Exchange
Act, the Investment
Company Act, or the
Investment Advisers
Act:
1st Tier (natural 9,239
person)--Per
violation.
1st Tier (other 92,383
person)--Per
violation.
2nd Tier (natural 92,383
person)--Per
violation.
2nd Tier (other 461,916
person)--Per
violation.
3rd Tier (natural 184,767
person)--Per
violation.
3rd Tier (other 923,831
person)--Per
violation.
15 U.S.C. 1639e(k)............. Violation of Appraisal
Independence
Requirements:
First violation..... 11,279
Subsequent 22,556
violations.
42 U.S.C. 4012a(f)(5).......... Flood Insurance:
Per violation....... 2,133
------------------------------------------------------------------------
\1\ The maximum penalty amount is per day, unless otherwise indicated.
\2\ The maximum penalty amount for a federal savings association is the
lesser of this amount or 1 percent of total assets.
\3\ These amounts also apply to statutes that cross-reference 12 U.S.C.
1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15 U.S.C.
1607, 1681s, 1691c, and 1692l.
Dated: January 9, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2018-00521 Filed 1-11-18; 8:45 am]
BILLING CODE 4810-33-P
