Notice of Inflation Adjustments for Civil Money Penalties, 2132-2134 [2020-00217]
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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:
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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.
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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) ...................................................................................................................................................
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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 .......................................................................................................................................
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$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:
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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.
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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]
=======================================================================
-----------------------------------------------------------------------
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
