Notice of Inflation Adjustments for Civil Money Penalties, 2132-2134 [2020-00217]

Download as PDF 2132 Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Notices and a statement must be submitted to the Commission indicating that all cochannel licensees have consented to the use of interconnection. In a December 1998 Report and Order in WT Docket Nos. 98–20 and 96–188, the Commission consolidated, revised and streamlined the Commission’s rules governing the licensing application procedures for radio services licensed by the Commission’s Wireless Telecommunications Bureau in order to fully implement the Universal Licensing System (ULS). As a result of the ULS rule conversions in connection with this information collection requirements contained in 47 CFR 90.477(a), interconnected systems now file all information (100 percent). Section 90.477(d)(3), interconnected systems were changed to reflect NAD83 coordinates. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. [FR Doc. 2020–00333 Filed 1–13–20; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION [3064–ZA12] Notice of Inflation Adjustments for Civil Money Penalties Federal Deposit Insurance Corporation. ACTION: Notice of monetary penalties 2020. AGENCY: The Federal Deposit Insurance Corporation is providing notice of its maximum civil money penalties as adjusted for inflation. DATES: The adjusted maximum amounts of civil money penalties in this notice are applicable to penalties assessed after lotter on DSKBCFDHB2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:41 Jan 13, 2020 Jkt 250001 January 15, 2020, 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 Amanda E. Ledig, Honors Attorney, Legal Division, (202) 898–6663, aledig@fdic.gov; Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. 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. 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 SUPPLEMENTARY INFORMATION: 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. PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 adjustments by providing notice in the Federal Register.3 On December 16, 2019, 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 2019 for FDIC-supervised institutions to calculate the maximum amount of CMPs that may be assessed by the FDIC in 2020.5 There were no new statutory CMPs administered by the FDIC during 2019. The following charts provide the inflation-adjusted maximum CMP amounts for use after January 15, 2020— the effective date of the 2020 annual adjustments—under 12 CFR part 308, for conduct occurring on or after November 2, 2015: 3 See Office of Mgmt. & Budget, Exec. Office of the President, OMB Memorandum No. M–20–05, Implementation of Penalty Inflation Adjustments for 2020, Pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 4 (2019), https://www.whitehouse.gov/wp-content/ uploads/2019/12/M-20-05.pdf (‘‘OMB Guidance’’); see also 12 CFR 308.132(d) (FDIC regulation that guides readers to the Federal Register to see the annual notice of CMP inflation adjustments). 4 See OMB Guidance at 1 (providing an inflation multiplier of 1.01764). 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. E:\FR\FM\14JAN1.SGM 14JAN1 2133 Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Notices MAXIMUM CIVIL MONEY PENALTY AMOUNTS Current maximum CMP (through January 14, 2020) U.S. Code citation 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 .................................................................................................................................................. Tier Three CMP 14 ............................................................................................................................................ 12 U.S.C. 1820(e)(4) ............................................................................................................................................... 12 U.S.C. 1820(k)(6) ............................................................................................................................................... 12 U.S.C. 1828(a)(3) ............................................................................................................................................... 12 U.S.C. 1828(h) 15 For assessments <10,000 ................................................................................................................................ 12 U.S.C. 1829b(j) ................................................................................................................................................... 12 U.S.C. 1832(c) .................................................................................................................................................... 12 U.S.C. 1884 ........................................................................................................................................................ 12 U.S.C. 1972(2)(F) Tier One CMP .................................................................................................................................................. Tier Two CMP .................................................................................................................................................. Tier Three CMP 16 ............................................................................................................................................ 12 U.S.C. 3909(d) .................................................................................................................................................... 15 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) .................................................................................................................................. 15 U.S.C. 1639e(k) First violation .................................................................................................................................................... Subsequent violations ...................................................................................................................................... 31 U.S.C. 3802 ........................................................................................................................................................ 42 U.S.C. 4012a(f) ................................................................................................................................................... lotter on DSKBCFDHB2PROD with NOTICES 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 ....................................................................................................................................... VerDate Sep<11>2014 19:14 Jan 13, 2020 Jkt 250001 PO 00000 Frm 00030 $4,027 40,269 2,013,399 10,067 $4,098 40,979 2,048,915 10,245 4,027 40,269 2,013,399 4,098 40,979 2,048,915 3,682 36,809 1,840,491 3,747 37,458 1,872,957 10,067 50,334 2,013,399 10,245 51,222 2,048,915 10,067 50,334 2,013,399 9,203 331,174 125 10,245 51,222 2,048,915 9,365 337,016 127 125 21,039 2,924 292 127 21,410 2,976 297 10,067 50,334 2,013,399 2,505 10,245 51,222 2,048,915 2,549 9,472 94,713 94,713 473,566 189,427 947,130 9,639 96,384 96,384 481,920 192,768 963,837 11,563 23,125 11,463 2,187 11,767 23,533 11,665 2,226 Current presumptive CMP (through January 14, 2020) CFR citation Fmt 4703 Sfmt 4703 E:\FR\FM\14JAN1.SGM 14JAN1 Adjusted maximum CMP 6 (beginning January 15, 2020) Adjusted presumptive CMP (beginning January 15, 2020) $552 1,105 $562 1,124 185 368 188 374 920 1,840 936 1,872 1/50,000th of the institution’s total assets 2134 Federal Register / Vol. 85, No. 9 / Tuesday, January 14, 2020 / Notices Current presumptive CMP (through January 14, 2020) CFR citation 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 ............................................................................................................................................ Dated at Washington, DC, on January 7, 2020. Federal Deposit Insurance Corporation. Annmarie H. Boyd, Assistant Executive Secretary. [FR Doc. 2020–00217 Filed 1–13–20; 8:45 am] BILLING CODE P FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; Comment Request Re: Information Collection for Innovation Pilot Programs (NEW) Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. AGENCY: The FDIC seeks to continue its engagement and collaboration with innovators in the financial, nonfinancial, and technology sectors to, among other things, identify, develop and promote technology-driven innovations among community and other banks in a manner that ensures the safety and soundness of FDICsupervised and insured institutions. An innovation pilot program framework can provide a regulatory environment in which the FDIC, in conjunction with SUMMARY: lotter on DSKBCFDHB2PROD with NOTICES 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), 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), codified at 12 CFR 308.132(e)(1). These adjusted subdivided amounts are found at the end of this chart. VerDate Sep<11>2014 19:14 Jan 13, 2020 Jkt 250001 individual proposals collected from innovators, including banks, will provide tailored regulatory and supervisory assistance, when appropriate, to facilitate the testing of innovative and advanced technologies, products, services, systems, or activities. On November 6, 2019, the FDIC requested comment for 60 days from the general public, including persons who may have an interest in participating in innovation pilot programs, and other Federal agencies, on the agency’s collection of pilot program proposals by innovators, as required by the Paperwork Reduction Act of 1995 (PRA). The FDIC received no comments. The FDIC hereby gives notice of its plan to submit to the Office of Management and Budget (OMB) a request to approve this collection, and again invites comment on this new information collection request. DATES: Comments must be submitted on or before February 13, 2020. ADDRESSES: Interested parties are invited to submit written comments to the FDIC by any of the following methods: • https://www.FDIC.gov/regulations/ laws/federal/notices.html. • https://www.regulations.gov. • Email: comments@fdic.gov. Include the name of the collection in the subject line of the message. • Mail: Jennifer Jones, Counsel, MB– 3105, Federal Deposit Insurance Corporation, 550 17th Street NW, Washington, DC 20429. 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. PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 Adjusted presumptive CMP (beginning January 15, 2020) 1/25,000th of the institution’s total assets 40,269 40,979 4,027 40,269 2,013,399 4,098 40,979 2,048,915 • Hand Delivery: Comments may be hand-delivered to the guard station at the rear of the above address located on F Street NW, on business days between 7:00 a.m. and 5:00 p.m., EST. All comments should reference ‘‘Information Collection for Innovation Pilot Programs.’’ A copy of the comments may also be submitted to the OMB desk officer for the FDIC: Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Jennifer Jones, at the FDIC mailing address above or by phone at 202–898– 6768. SUPPLEMENTARY INFORMATION: On November 6, 2019, the FDIC requested comment for 60 days from the general public, including persons who may have an interest in participating in innovation pilot programs, and other Federal agencies, on the agency’s collection of pilot program proposals by innovators, as required by the PRA. The FDIC received no comments. The FDIC hereby gives notice of its plan to submit to OMB a request to approve this collection, and again invites comment on this new information collection request. 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. E:\FR\FM\14JAN1.SGM 14JAN1

Agencies

[Federal Register Volume 85, Number 9 (Tuesday, January 14, 2020)]
[Notices]
[Pages 2132-2134]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00217]


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FEDERAL DEPOSIT INSURANCE CORPORATION

[3064-ZA12]


Notice of Inflation Adjustments for Civil Money Penalties

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice of monetary penalties 2020.

-----------------------------------------------------------------------

SUMMARY: The Federal Deposit Insurance Corporation is providing notice 
of its maximum civil money penalties as adjusted for inflation.

DATES: The adjusted maximum amounts of civil money penalties in this 
notice are applicable to penalties assessed after January 15, 2020, for 
conduct occurring on or after November 2, 2015.

FOR FURTHER INFORMATION CONTACT: Graham N. Rehrig, Senior Attorney, 
Legal Division, (202) 898-3829, [email protected]; or Amanda E. Ledig, 
Honors Attorney, Legal Division, (202) 898-6663, [email protected]; 
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-20-05, Implementation of Penalty Inflation 
Adjustments for 2020, Pursuant to the Federal Civil Penalties 
Inflation Adjustment Act Improvements Act of 2015 4 (2019), https://www.whitehouse.gov/wp-content/uploads/2019/12/M-20-05.pdf (``OMB 
Guidance''); see also 12 CFR 308.132(d) (FDIC regulation that guides 
readers to the Federal Register to see the annual notice of CMP 
inflation adjustments).
---------------------------------------------------------------------------

    On December 16, 2019, 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 2019 for FDIC-supervised 
institutions to calculate the maximum amount of CMPs that may be 
assessed by the FDIC in 2020.\5\ There were no new statutory CMPs 
administered by the FDIC during 2019.
---------------------------------------------------------------------------

    \4\ See OMB Guidance at 1 (providing an inflation multiplier of 
1.01764).
    \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, 2020--the effective date of the 2020 
annual adjustments--under 12 CFR part 308, for conduct occurring on or 
after November 2, 2015:

[[Page 2133]]



                   Maximum Civil Money Penalty Amounts
------------------------------------------------------------------------
                                              Current        Adjusted
                                            maximum CMP     maximum CMP
           U.S. Code citation                (through     \6\ (beginning
                                            January 14,     January 15,
                                               2020)           2020)
------------------------------------------------------------------------
12 U.S.C. 1464(v)
    Tier One CMP \7\....................          $4,027          $4,098
    Tier Two CMP........................          40,269          40,979
    Tier Three CMP \8\..................       2,013,399       2,048,915
12 U.S.C. 1467(d).......................          10,067          10,245
12 U.S.C. 1817(a)
    Tier One CMP \9\....................           4,027           4,098
    Tier Two CMP........................          40,269          40,979
    Tier Three CMP \10\.................       2,013,399       2,048,915
12 U.S.C. 1817(c)
    Tier One CMP........................           3,682           3,747
    Tier Two CMP........................          36,809          37,458
    Tier Three CMP \11\.................       1,840,491       1,872,957
12 U.S.C. 1817(j)(16)
    Tier One CMP........................          10,067          10,245
    Tier Two CMP........................          50,334          51,222
    Tier Three CMP \12\.................       2,013,399       2,048,915
12 U.S.C. 1818(i)(2) \13\
    Tier One CMP........................          10,067          10,245
    Tier Two CMP........................          50,334          51,222
    Tier Three CMP \14\.................       2,013,399       2,048,915
12 U.S.C. 1820(e)(4)....................           9,203           9,365
12 U.S.C. 1820(k)(6)....................         331,174         337,016
12 U.S.C. 1828(a)(3)....................             125             127
12 U.S.C. 1828(h) \15\
    For assessments <10,000.............             125             127
12 U.S.C. 1829b(j)......................          21,039          21,410
12 U.S.C. 1832(c).......................           2,924           2,976
12 U.S.C. 1884..........................             292             297
12 U.S.C. 1972(2)(F)
    Tier One CMP........................          10,067          10,245
    Tier Two CMP........................          50,334          51,222
    Tier Three CMP \16\.................       2,013,399       2,048,915
12 U.S.C. 3909(d).......................           2,505           2,549
15 U.S.C. 78u-2
    Tier One CMP (individuals)..........           9,472           9,639
    Tier One CMP (others)...............          94,713          96,384
    Tier Two CMP (individuals)..........          94,713          96,384
    Tier Two CMP (others)...............         473,566         481,920
    Tier Three CMP (individuals)........         189,427         192,768
    Tier Three CMP (others).............         947,130         963,837
15 U.S.C. 1639e(k)
    First violation.....................          11,563          11,767
    Subsequent violations...............          23,125          23,533
31 U.S.C. 3802..........................          11,463          11,665
42 U.S.C. 4012a(f)......................           2,187           2,226
------------------------------------------------------------------------


 
                                              Current        Adjusted
                                            presumptive     presumptive
              CFR citation                 CMP  (through  CMP (beginning
                                            January 14,     January 15,
                                               2020)           2020)
------------------------------------------------------------------------
12 CFR 308.132(e)(1)(i).................
    Institutions with $25 million or
     more in assets.....................
        1 to 15 days late...............            $552            $562
        16 or more days late............           1,105           1,124
    Institutions with less than $25
     million in assets..................
        1 to 15 days late \17\..........             185             188
        16 or more days late \18\.......             368             374
12 CFR 308.132(e)(1)(ii)................
    Institutions with $25 million or
     more in assets.....................
        1 to 15 days late...............             920             936
        16 or more days late............           1,840           1,872
    Institutions with less than $25
     million in assets..................
        1 to 15 days late...............   1/50,000th of
                                                     the
                                           institution's
                                            total assets

[[Page 2134]]

 
        16 or more days late............   1/25,000th of
                                                     the
                                           institution's
                                            total assets
12 CFR 308.132(e)(2)....................          40,269          40,979
12 CFR 308.132(e)(3)
    Tier One CMP........................           4,027           4,098
    Tier Two CMP........................          40,269          40,979
    Tier Three CMP \19\.................       2,013,399       2,048,915
------------------------------------------------------------------------


    Dated at Washington, DC, on January 7, 2020.

Federal Deposit Insurance Corporation.
Annmarie H. Boyd,
Assistant Executive Secretary.
[FR Doc. 2020-00217 Filed 1-13-20; 8:45 am]
BILLING CODE P