Notice of Inflation Adjustments for Civil Money Penalties, 712-714 [2019-00510]
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712
Federal Register / Vol. 84, No. 21 / Thursday, January 31, 2019 / Notices
Affected Public:
The number of respondents: 150.
Estimated time per respondents: 90
minutes.
The frequency of response: Annually.
Annual hour burden: 225 total hours.
Government Expenses:
Reviewing time per response: 45
minutes.
Responses per year: 150.
Reviewing time per year: 112.5 hours.
Average Wages per hour: $42.50.
Average cost per year: $4,781.25
(time * wages).
Benefits and overhead: 20%.
Total Government Cost: $5,737.5.
Bassam Doughman,
IT Specialist.
Secretary to the Farm Credit
Administration Board, at (703) 883–
4009. The matters to be considered at
the meeting are:
Dated: December 20, 2018.
Wendy M. Payne,
Executive Director.
Open Session
BILLING CODE 1610–02–P
A. Approval of Minutes
FEDERAL ACCOUNTING STANDARDS
ADVISORY BOARD
• December 13, 2018
B. Reports
• Auditor’s Report on FCA FY 2018/
2017 Financial Statements
Notice of Issuance of Federal Financial
Accounting Technical Release 19,
Rescission of Technical Release 8
Closed Session *
AGENCY:
• Meeting with Auditors
• Report on 2018 FISMA Audit
Dated: January 3, 2019.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2019–00404 Filed 1–30–19; 8:45 am]
BILLING CODE 6690–01–P
[FR Doc. 2019–00616 Filed 1–29–19; 11:15 am]
BILLING CODE 6705–01–P
FARM CREDIT ADMINISTRATION
Sunshine Act Meeting; Farm Credit
Administration Board
FEDERAL ACCOUNTING STANDARDS
ADVISORY BOARD
Farm Credit Administration.
Notice, regular meeting.
AGENCY:
ACTION:
Notice of Appointment of Chair and
New FASAB Members
Notice is hereby given,
pursuant to the Government in the
Sunshine Act, of the regular meeting of
the Farm Credit Administration Board
(Board).
SUMMARY:
The regular meeting of the Board
will be held at the offices of the Farm
Credit Administration in McLean,
Virginia, on January 10, 2019, from 9:00
a.m. until such time as the Board
concludes its business.
ADDRESSES: Farm Credit
Administration, 1501 Farm Credit Drive,
McLean, Virginia 22102–5090. Submit
attendance requests via email to
VisitorRequest@FCA.gov. See
SUPPLEMENTARY INFORMATION for further
information about attendance requests.
DATES:
Dale
Aultman, Secretary to the Farm Credit
Administration Board, (703) 883–4009,
TTY (703) 883–4056.
SUPPLEMENTARY INFORMATION: Parts of
this meeting of the Board will be open
to the public (limited space available),
and parts will be closed to the public.
Please send an email to VisitorRequest@
FCA.gov at least 24 hours before the
meeting. In your email include: Name,
postal address, entity you are
representing (if applicable), and
telephone number. You will receive an
email confirmation from us. Please be
prepared to show a photo identification
when you arrive. If you need assistance
for accessibility reasons, or if you have
any questions, contact Dale Aultman,
amozie on DSK3GDR082PROD with NOTICES1
FOR FURTHER INFORMATION CONTACT:
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[FR Doc. 2019–00496 Filed 1–30–19; 8:45 am]
Federal Accounting Standards
Advisory Board.
ACTION: Notice.
AGENCY:
Pursuant to 31 U.S.C. 3511(d), the
Federal Advisory Committee Act (Pub.
L. 92–463), as amended, and the FASAB
Rules Of Procedure, as amended in
October 2010, notice is hereby given
that Mr. George Scott has been
appointed to serve as the chair of the
Federal Accounting Standards Advisory
Board (FASAB or ‘‘the Board’’)
beginning July 1, 2019. Mr. Scott’s term
will conclude on December 31, 2020,
with the option for another five-year
term.
Notice is also given that Ms.
Sallyanne Harper and Dr. Terry Patton
have been appointed to serve five-year
terms as members of the Board
beginning July 1, 2019.
The news releases are available on the
FASAB website at https://
www.fasab.gov/news-releases/. Copies
can be obtained by contacting FASAB at
(202) 512–7350.
FOR FURTHER INFORMATION CONTACT: Ms.
Wendy M. Payne, Executive Director,
441 G Street NW, Suite 1155,
Washington, DC 20548, or call (202)
512–7350.
Authority: Federal Advisory Committee
Act, Pub. L. 92–463.
* Session Closed-Exempt pursuant to 5 U.S.C.
552b(c)(2).
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Federal Accounting Standards
Advisory Board.
ACTION: Notice.
Pursuant to 31 U.S.C. 3511(d), the
Federal Advisory Committee Act (Pub.
L. 92–463), as amended, and the FASAB
Rules of Procedure, as amended in
October 2010, notice is hereby given
that the Federal Accounting Standards
Advisory Board (FASAB) has issued
Federal Financial Accounting Technical
Release (TR) 19, Rescission of Technical
Release 8.
The TR is available on the FASAB
website at https://www.fasab.gov/
accounting-standards/. Copies can be
obtained by contacting FASAB at (202)
512–7350.
FOR FURTHER INFORMATION CONTACT: Ms.
Wendy M. Payne, Executive Director,
441 G Street NW, Suite 1155,
Washington, DC 20548, or call (202)
512–7350.
Authority: Federal Advisory Committee
Act, Pub. L. 92–463.
Dated: January 15, 2019.
Wendy M. Payne,
Executive Director.
[FR Doc. 2019–00500 Filed 1–30–19; 8:45 am]
BILLING CODE 1610–02–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
RIN 3064–ZA05
Notice of Inflation Adjustments for
Civil Money Penalties
Federal Deposit Insurance
Corporation.
ACTION: Notice of Monetary Penalties
2019.
AGENCY:
The Federal Deposit
Insurance Corporation 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.
SUMMARY:
E:\FR\FM\31JAN1.SGM
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Federal Register / Vol. 84, No. 21 / Thursday, January 31, 2019 / Notices
The adjusted maximum amounts
of civil money penalties in this notice
are applicable to penalties assessed after
January 15, 2019, for conduct occurring
on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT:
Graham N. Rehrig, Senior Attorney,
Legal Division, (202) 898–3829,
grehrig@fdic.gov; or Sydney Mayer,
Attorney, Legal Division, (202) 898–
3669, smayer@fdic.gov; Federal Deposit
Insurance Corporation, 550 17th Street
NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: This
notice announces changes to the
maximum amount of each civil money
penalty (CMP) within the Federal
Deposit Insurance Corporation’s (FDIC)
jurisdiction to administer to account for
inflation under the Federal Civil
Penalties Inflation Adjustment Act of
1990 (1990 Adjustment Act),1 as
DATES:
amended by the Federal Civil Penalties
Inflation Adjustment Act Improvements
Act of 2015 (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.
Agencies are required to publish their
CMPs, adjusted under the multiplier
provided by the OMB, by January 15 of
the applicable year. Agencies, like the
FDIC, that have codified the statutory
formula for making the CMP
adjustments may make annual inflation
713
adjustments by providing notice in the
Federal Register.3
On December 14, 2018, the OMB
issued guidance to affected agencies on
implementing the required annual
adjustment, which guidance included
the relevant inflation multiplier.4 The
FDIC has applied that multiplier to the
maximum CMPs allowable in 2018 for
FDIC-supervised institutions to
calculate the maximum amount of CMPs
that may be assessed by the FDIC in
2019.5 There were no new statutory
CMPs administered by the FDIC during
2018.
The following charts provide the
inflation-adjusted maximum CMP
amounts for use after January 15, 2019—
the effective date of the 2019 annual
adjustments—under 12 CFR part 308,
for conduct occurring on or after
November 2, 2015:
MAXIMUM CIVIL MONEY PENALTY AMOUNTS
amozie on DSK3GDR082PROD with NOTICES1
12 U.S.C. 1464(v):
Tier One CMP 7 ................................................................................
Tier Two CMP ..................................................................................
Tier Three CMP 8 .............................................................................
12 U.S.C. 1467(d) ...................................................................................
12 U.S.C. 1817(a):
Tier One CMP 9 ................................................................................
Tier Two CMP ..................................................................................
Tier Three CMP 10 ............................................................................
12 U.S.C. 1817(c):
Tier One CMP ..................................................................................
Tier Two CMP ..................................................................................
Tier Three CMP 11 ............................................................................
12 U.S.C. 1817(j)(16):
Tier One CMP ..................................................................................
Tier Two CMP ..................................................................................
Tier Three CMP 12 ............................................................................
12 U.S.C. 1818(i)(2): 13
Tier One CMP ..................................................................................
Tier Two CMP ..................................................................................
1 Public Law 101–410, 104 Stat. 890, codified at
28 U.S.C. 2461 note.
2 Public Law 114–74, 701(b), 129 Stat. 599,
codified at 28 U.S.C. 2461 note.
3 See Office of Mgmt. & Budget, Exec. Office of
the President, OMB Memorandum No. M–19–04,
Implementation of Penalty Inflation Adjustments
for 2019, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015
4 (2018), https://www.whitehouse.gov/wp-content/
uploads/2017/11/m_19_04.pdf (‘‘OMB Guidance’’).
4 See OMB Guidance at 1 (providing an inflation
multiplier of 1.02522).
5 Penalties assessed for violations occurring prior
to November 2, 2015, will be subject to the
maximum amounts set forth in the FDIC’s
regulations in effect prior to the enactment of the
2015 Adjustment Act.
6 The maximum penalty amount is per day,
unless otherwise indicated.
7 12 U.S.C. 1464(v) provides the maximum CMP
amounts for the late filing of certain Call Reports.
In 2012, however, the FDIC issued regulations that
further subdivided these amounts based upon the
size of the institution and the lateness of the filing.
See 77 FR 74573, 74576–78 (Dec. 17, 2012), to be
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Adjusted maximum CMP 6
(beginning January 15, 2019)
Current maximum CMP
(through January 14, 2019)
U.S. code citation
$3,928 ............................................
$39,278 ..........................................
$1,963,870 .....................................
$9,819 ............................................
$4,027.
$40,269.
$2,013,399.
$10,067.
$3,928 ............................................
$39,278 ..........................................
$1,963,870 .....................................
$4,027.
$40,269.
$2,013,399.
$3,591 ............................................
$35,904 ..........................................
$1,795,216 .....................................
$3,682.
$36,809.
$1,840,491.
$9,819 ............................................
$49,096 ..........................................
$1,963,870 .....................................
$10,067.
$50,334.
$2,013,399.
$9,819 ............................................
$49,096 ..........................................
$10,067.
$50,334.
re-codified at 12 CFR 308.132(e)(1). These adjusted
subdivided amounts are found at the end of this
chart.
8 The maximum penalty amount for an institution
is the lesser of this amount or 1 percent of total
assets.
9 12 U.S.C. 1817(a) provides the maximum CMP
amounts for the late filing of certain Call Reports.
In 1991, however, the FDIC issued regulations that
further subdivided these amounts based upon the
size of the institution and the lateness of the filing.
See 56 FR 37968, 37992–93 (Aug. 9, 1991), to be
re-codified at 12 CFR 308.132(e)(1). These adjusted
subdivided amounts are found at the end of this
chart.
10 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
11 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
12 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
13 These amounts also apply to CMPs in statutes
that cross-reference 12 U.S.C. 1818, such as 12
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U.S.C. 2601, 2804(b), 3108(b), 3349(b), 4009(a),
4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b),
1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601.
14 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
15 The $122-per-day maximum CMP under 12
U.S.C. 1828(h), for failure or refusal to pay any
assessment, applies only when the assessment is
less than $10,000. When the amount of the
assessment is $10,000 or more, the maximum CMP
under section 1828(h) is 1 percent of the amount
of the assessment for each day that the failure or
refusal continues.
16 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
17 The maximum penalty amount for an
institution is the greater of this amount or 1/
100,000th of the institution’s total assets.
18 The maximum penalty amount for an
institution is the greater of this amount or 1/
50,000th of the institution’s total assets.
19 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
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714
Federal Register / Vol. 84, No. 21 / Thursday, January 31, 2019 / Notices
MAXIMUM CIVIL MONEY PENALTY AMOUNTS—Continued
12
12
12
12
12
12
12
12
12
15
15
31
42
Tier Three CMP 14 ............................................................................
U.S.C. 1820(e)(4) ...............................................................................
U.S.C. 1820(k)(6) ...............................................................................
U.S.C. 1828(a)(3) ...............................................................................
U.S.C. 1828(h): 15
For assessments <$10,000 .............................................................
U.S.C. 1829b(j) ..................................................................................
U.S.C. 1832(c) ...................................................................................
U.S.C. 1884 ........................................................................................
U.S.C. 1972(2)(F):
Tier One CMP ..................................................................................
Tier Two CMP ..................................................................................
Tier Three CMP 16 ............................................................................
U.S.C. 3909(d) ...................................................................................
U.S.C. 78u–2:
Tier One CMP (individuals) ..............................................................
Tier One CMP (others) ....................................................................
Tier Two CMP (individuals) ..............................................................
Tier Two CMP (others) ....................................................................
Tier Three CMP (individuals) ...........................................................
Tier Three CMP (others) ..................................................................
U.S.C. 1639e(k):
First violation ....................................................................................
Subsequent violations ......................................................................
U.S.C. 3802 ........................................................................................
U.S.C. 4012a(f) ..................................................................................
12 CFR 308.132(e)(1)(i):
Institutions with $25 million or more in assets:
1 to 15 days late .......................................................................
16 or more days late .................................................................
Institutions with less than $25 million in assets:
1 to 15 days late 17 ...................................................................
16 or more days late 18 .............................................................
12 CFR 308.132(e)(1)(ii):
Institutions with $25 million or more in assets:
1 to 15 days late .......................................................................
16 or more days late .................................................................
Institutions with less than $25 million in assets:
1 to 15 days late .......................................................................
16 or more days late .................................................................
12 CFR 308.132(e)(2) .............................................................................
12 CFR 308.132(e)(3):
Tier One CMP ..................................................................................
Tier Two CMP ..................................................................................
Tier Three CMP 19 ............................................................................
amozie on DSK3GDR082PROD with NOTICES1
$1,963,870 .....................................
$8,977 ............................................
$323,027 ........................................
$122 ...............................................
$2,013,399.
$9,203.
$331,174.
$125.
$122 ...............................................
$20,521 ..........................................
$2,852 ............................................
$285 ...............................................
$125.
$21,039.
$2,924.
$292.
$9,819 ............................................
$49,096 ..........................................
$1,963,870 .....................................
$2,443 ............................................
$10,067.
$50,334.
$2,013,399.
$2,505.
$9,239 ............................................
$92,383 ..........................................
$92,383 ..........................................
$461,916 ........................................
$184,767 ........................................
$923,831 ........................................
$9,472.
$94,713.
$94,713.
$473,566.
$189,427.
$947,130.
$11,279 ..........................................
$22,556 ..........................................
$11,181 ..........................................
$2,133 ............................................
$11,563.
$23,125.
$11,463.
$2,187.
Current presumptive CMP
(through January 14, 2019)
CFR citation
Adjusted presumptive CMP
(beginning January 15, 2019)
$538 ...............................................
$1,078 ............................................
$552.
$1,105.
$180 ...............................................
$359 ...............................................
$185.
$368.
$897 ...............................................
$1,795 ............................................
$920.
$1,840.
1/50,000th of the institution’s total
assets.
1/25,000th of the institution’s total
assets.
$39,278 ..........................................
1/50,000th of the institution’s total
assets.
1/25,000th of the institution’s total
assets.
$40,269.
$3,928 ............................................
$39,278 ..........................................
$1,963,870 .....................................
$4,027.
$40,269.
$2,013,399.
Dated at Washington, DC, on December 21,
2018.
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
FEDERAL DEPOSIT INSURANCE
CORPORATION
[FR Doc. 2019–00510 Filed 1–30–19; 8:45 am]
Notice is hereby given that the Federal
Deposit Insurance Corporation (FDIC or
BILLING CODE 6714–01–P
Adjusted maximum CMP 6
(beginning January 15, 2019)
Current maximum CMP
(through January 14, 2019)
U.S. code citation
Notice to All Interested Parties of
Intent To Terminate Receiverships
Receiver), as Receiver for the
institutions listed below, intends to
terminate its receivership for said
institutions.
NOTICE OF INTENT TO TERMINATE RECEIVERSHIPS
Fund
Receivership name
City
10144 ...................................................
Home Federal Savings Bank ..............
Detroit ..................................................
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State
31JAN1
MI
Date of
appointment of
receiver
11/06/2009
]]>Agencies
[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Pages 712-714]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00510]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
RIN 3064-ZA05
Notice of Inflation Adjustments for Civil Money Penalties
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice of Monetary Penalties 2019.
-----------------------------------------------------------------------
SUMMARY: The Federal Deposit Insurance Corporation 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.
[[Page 713]]
DATES: The adjusted maximum amounts of civil money penalties in this
notice are applicable to penalties assessed after January 15, 2019, for
conduct occurring on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT: Graham N. Rehrig, Senior Attorney,
Legal Division, (202) 898-3829, grehrig@fdic.gov; or Sydney Mayer,
Attorney, Legal Division, (202) 898-3669, smayer@fdic.gov; Federal
Deposit Insurance Corporation, 550 17th Street NW, Washington, DC
20429.
SUPPLEMENTARY INFORMATION: This notice announces changes to the maximum
amount of each civil money penalty (CMP) within the Federal Deposit
Insurance Corporation's (FDIC) jurisdiction to administer to account
for inflation under the Federal Civil Penalties Inflation Adjustment
Act of 1990 (1990 Adjustment Act),\1\ as amended by the Federal Civil
Penalties Inflation Adjustment Act Improvements Act of 2015 (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.
---------------------------------------------------------------------------
\1\ Public Law 101-410, 104 Stat. 890, codified at 28 U.S.C.
2461 note.
\2\ Public Law 114-74, 701(b), 129 Stat. 599, codified at 28
U.S.C. 2461 note.
---------------------------------------------------------------------------
Agencies are required to publish their CMPs, adjusted under the
multiplier provided by the OMB, by January 15 of the applicable year.
Agencies, like the FDIC, that have codified the statutory formula for
making the CMP adjustments may make annual inflation adjustments by
providing notice in the Federal Register.\3\
---------------------------------------------------------------------------
\3\ See Office of Mgmt. & Budget, Exec. Office of the President,
OMB Memorandum No. M-19-04, Implementation of Penalty Inflation
Adjustments for 2019, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015 4 (2018), https://www.whitehouse.gov/wp-content/uploads/2017/11/m_19_04.pdf (``OMB
Guidance'').
---------------------------------------------------------------------------
On December 14, 2018, the OMB issued guidance to affected agencies
on implementing the required annual adjustment, which guidance included
the relevant inflation multiplier.\4\ The FDIC has applied that
multiplier to the maximum CMPs allowable in 2018 for FDIC-supervised
institutions to calculate the maximum amount of CMPs that may be
assessed by the FDIC in 2019.\5\ There were no new statutory CMPs
administered by the FDIC during 2018.
---------------------------------------------------------------------------
\4\ See OMB Guidance at 1 (providing an inflation multiplier of
1.02522).
\5\ Penalties assessed for violations occurring prior to
November 2, 2015, will be subject to the maximum amounts set forth
in the FDIC's regulations in effect prior to the enactment of the
2015 Adjustment Act.
---------------------------------------------------------------------------
The following charts provide the inflation-adjusted maximum CMP
amounts for use after January 15, 2019--the effective date of the 2019
annual adjustments--under 12 CFR part 308, for conduct occurring on or
after November 2, 2015:
---------------------------------------------------------------------------
\6\ The maximum penalty amount is per day, unless otherwise
indicated.
\7\ 12 U.S.C. 1464(v) provides the maximum CMP amounts for the
late filing of certain Call Reports. In 2012, however, the FDIC
issued regulations that further subdivided these amounts based upon
the size of the institution and the lateness of the filing. See 77
FR 74573, 74576-78 (Dec. 17, 2012), to be re-codified at 12 CFR
308.132(e)(1). These adjusted subdivided amounts are found at the
end of this chart.
\8\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\9\ 12 U.S.C. 1817(a) provides the maximum CMP amounts for the
late filing of certain Call Reports. In 1991, however, the FDIC
issued regulations that further subdivided these amounts based upon
the size of the institution and the lateness of the filing. See 56
FR 37968, 37992-93 (Aug. 9, 1991), to be re-codified at 12 CFR
308.132(e)(1). These adjusted subdivided amounts are found at the
end of this chart.
\10\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\11\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\12\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\13\ These amounts also apply to CMPs in statutes that cross-
reference 12 U.S.C. 1818, such as 12 U.S.C. 2601, 2804(b), 3108(b),
3349(b), 4009(a), 4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b),
1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601.
\14\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\15\ The $122-per-day maximum CMP under 12 U.S.C. 1828(h), for
failure or refusal to pay any assessment, applies only when the
assessment is less than $10,000. When the amount of the assessment
is $10,000 or more, the maximum CMP under section 1828(h) is 1
percent of the amount of the assessment for each day that the
failure or refusal continues.
\16\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\17\ The maximum penalty amount for an institution is the
greater of this amount or 1/100,000th of the institution's total
assets.
\18\ The maximum penalty amount for an institution is the
greater of this amount or 1/50,000th of the institution's total
assets.
\19\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
Maximum Civil Money Penalty Amounts
------------------------------------------------------------------------
Current maximum Adjusted maximum
U.S. code citation CMP (through CMP \6\ (beginning
January 14, 2019) January 15, 2019)
------------------------------------------------------------------------
12 U.S.C. 1464(v):
Tier One CMP \7\............ $3,928............ $4,027.
Tier Two CMP................ $39,278........... $40,269.
Tier Three CMP \8\.......... $1,963,870........ $2,013,399.
12 U.S.C. 1467(d)............... $9,819............ $10,067.
12 U.S.C. 1817(a):
Tier One CMP \9\............ $3,928............ $4,027.
Tier Two CMP................ $39,278........... $40,269.
Tier Three CMP \10\......... $1,963,870........ $2,013,399.
12 U.S.C. 1817(c):
Tier One CMP................ $3,591............ $3,682.
Tier Two CMP................ $35,904........... $36,809.
Tier Three CMP \11\......... $1,795,216........ $1,840,491.
12 U.S.C. 1817(j)(16):
Tier One CMP................ $9,819............ $10,067.
Tier Two CMP................ $49,096........... $50,334.
Tier Three CMP \12\......... $1,963,870........ $2,013,399.
12 U.S.C. 1818(i)(2): \13\
Tier One CMP................ $9,819............ $10,067.
Tier Two CMP................ $49,096........... $50,334.
[[Page 714]]
Tier Three CMP \14\......... $1,963,870........ $2,013,399.
12 U.S.C. 1820(e)(4)............ $8,977............ $9,203.
12 U.S.C. 1820(k)(6)............ $323,027.......... $331,174.
12 U.S.C. 1828(a)(3)............ $122.............. $125.
12 U.S.C. 1828(h): \15\
For assessments <$10,000.... $122.............. $125.
12 U.S.C. 1829b(j).............. $20,521........... $21,039.
12 U.S.C. 1832(c)............... $2,852............ $2,924.
12 U.S.C. 1884.................. $285.............. $292.
12 U.S.C. 1972(2)(F):
Tier One CMP................ $9,819............ $10,067.
Tier Two CMP................ $49,096........... $50,334.
Tier Three CMP \16\......... $1,963,870........ $2,013,399.
12 U.S.C. 3909(d)............... $2,443............ $2,505.
15 U.S.C. 78u-2:
Tier One CMP (individuals).. $9,239............ $9,472.
Tier One CMP (others)....... $92,383........... $94,713.
Tier Two CMP (individuals).. $92,383........... $94,713.
Tier Two CMP (others)....... $461,916.......... $473,566.
Tier Three CMP (individuals) $184,767.......... $189,427.
Tier Three CMP (others)..... $923,831.......... $947,130.
15 U.S.C. 1639e(k):
First violation............. $11,279........... $11,563.
Subsequent violations....... $22,556........... $23,125.
31 U.S.C. 3802.................. $11,181........... $11,463.
42 U.S.C. 4012a(f).............. $2,133............ $2,187.
------------------------------------------------------------------------
Current Adjusted
presumptive CMP presumptive CMP
CFR citation (through January (beginning January
14, 2019) 15, 2019)
------------------------------------------------------------------------
12 CFR 308.132(e)(1)(i):
Institutions with $25
million or more in assets:
1 to 15 days late....... $538.............. $552.
16 or more days late.... $1,078............ $1,105.
Institutions with less than
$25 million in assets:
1 to 15 days late \17\.. $180.............. $185.
16 or more days late $359.............. $368.
\18\.
12 CFR 308.132(e)(1)(ii):
Institutions with $25
million or more in assets:
1 to 15 days late....... $897.............. $920.
16 or more days late.... $1,795............ $1,840.
Institutions with less than
$25 million in assets:
1 to 15 days late....... 1/50,000th of the 1/50,000th of the
institution's institution's
total assets. total assets.
16 or more days late.... 1/25,000th of the 1/25,000th of the
institution's institution's
total assets. total assets.
12 CFR 308.132(e)(2)............ $39,278........... $40,269.
12 CFR 308.132(e)(3):
Tier One CMP................ $3,928............ $4,027.
Tier Two CMP................ $39,278........... $40,269.
Tier Three CMP \19\......... $1,963,870........ $2,013,399.
------------------------------------------------------------------------
Dated at Washington, DC, on December 21, 2018.
Federal Deposit Insurance Corporation.
Valerie Best,
Assistant Executive Secretary.
[FR Doc. 2019-00510 Filed 1-30-19; 8:45 am]
BILLING CODE 6714-01-P
