Notification of Inflation Adjustments for Civil Money Penalties, 86795-86797 [2020-28942]

Download as PDF Federal Register / Vol. 85, No. 251 / Thursday, December 31, 2020 / Rules and Regulations IX. Congressional Review Act This final rule is a rule as defined in the Congressional Review Act (5 U.S.C. 801–808). However, the Office of Management and Budget has not found it to be a ‘‘major rule’’ as defined by that act. List of Subjects in 10 CFR Part 110 Administrative practice and procedure, Classified information, Criminal penalties, Exports, Imports, Intergovernmental relations, Nuclear energy, Nuclear materials, Nuclear power plants and reactors, Penalties, Reporting and recordkeeping requirements, Scientific equipment. For the reasons set out in the preamble and under the authority of the Atomic Energy Act of 1954, as amended; the Energy Reorganization Act of 1974, as amended; and 5 U.S.C. 552 and 553, the NRC is adopting the following amendments to 10 CFR part 110: PART 110—EXPORT AND IMPORT OF NUCLEAR EQUIPMENT AND MATERIAL 1. The authority citation for part 110 continues to read as follows: ■ Authority: Atomic Energy Act of 1954, secs. 11, 51, 53, 54, 57, 62, 63, 64, 65, 81, 82, 103, 104, 109, 111, 121, 122, 123, 124, 126, 127, 128, 129, 133, 134, 161, 170h, 181, 182, 183, 184, 186, 187, 189, 223, 234 (42 U.S.C. 2014, 2071, 2073, 2074, 2077, 2092, 2093, 2094, 2095, 2111, 2112, 2133, 2134, 2139, 2141, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2160c, 2160d, 2201, 2210h, 2231, 2232, 2233, 2234, 2236, 2237, 2239, 2273, 2282); Energy Reorganization Act of 1974, sec. 201 (42 U.S.C. 5841); Administrative Procedure Act (5 U.S.C. 552, 553); 42 U.S.C. 2139a, 2155a; 44 U.S.C. 3504 note. Section 110.1(b) also issued under 22 U.S.C. 2403; 22 U.S.C. 2778a; 50 App. U.S.C. 2401 et seq. 2. In § 110.21, revise paragraph (b)(3) to read as follows: chemical reprocessing, heavy water production, advanced reactors, or the fabrication of nuclear fuel containing plutonium, except for exports of source material or low-enriched uranium to EURATOM, the United Kingdom, or Japan for enrichment up to 5 percent in the isotope uranium–235, and those categories of exports which the Commission has approved in advance as constituting permitted incidental assistance. * * * * * ■ 4. In § 110.41, revise paragraph (a)(6) to read as follows: § 110.41 Executive Branch review. (a) * * * (6) An export involving assistance to end uses related to isotope separation, chemical reprocessing, heavy water production, advanced reactors, or the fabrication of nuclear fuel containing plutonium, except for exports of source material or low-enriched uranium to EURATOM, the United Kingdom, or Japan for enrichment up to 5 percent in the isotope uranium–235, and those categories of exports approved in advance by the Executive Branch as constituting permitted incidental assistance. * * * * * Dated: December 14, 2020. For the Nuclear Regulatory Commission. Margaret M. Doane, Executive Director for Operations. [FR Doc. 2020–27816 Filed 12–30–20; 8:45 am] BILLING CODE 7590–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Parts 19 and 109 ■ § 110.21 General license for the export of special nuclear material. khammond on DSKJM1Z7X2PROD with RULES * * * * * (b) * * * (3) Uranium, enriched to less than 20 percent in uranium–235, in the form of uranium hexafluoride (UF6) heels in cylinders being returned to suppliers in EURATOM or the United Kingdom. * * * * * ■ 3. In § 110.40, revise paragraph (b)(3) to read as follows: § 110.40 Commission review. * * * * * (b) * * * (3) An export involving assistance to end uses related to isotope separation, VerDate Sep<11>2014 17:03 Dec 30, 2020 Jkt 253001 Notification of Inflation Adjustments for Civil Money Penalties Office of the Comptroller of the Currency, Treasury. ACTION: Notification of monetary penalties 2021. AGENCY: The Office of the Comptroller of the Currency (OCC) is providing notice of its maximum civil money penalties as adjusted for inflation. The inflation adjustments are required to implement the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. DATES: The adjusted maximum amount of civil money penalties in this SUMMARY: PO 00000 Frm 00003 Fmt 4700 Sfmt 4700 86795 document are applicable to penalties assessed on or after January 1, 2021, for conduct occurring on or after November 2, 2015. FOR FURTHER INFORMATION CONTACT: Lee Walzer, Counsel, Chief Counsel’s Office, (202) 649–5490, Office of the Comptroller of the Currency. SUPPLEMENTARY INFORMATION: This document announces changes to the maximum amount of each civil money penalty (CMP) within the OCC’s jurisdiction to administer to account for inflation pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990 (the 1990 Adjustment Act),1 as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 Adjustment Act).2 Under the 1990 Adjustment Act, as amended, Federal agencies must make annual adjustments to the maximum amount of each CMP they administer. The Office of Management and Budget (OMB) is required to issue guidance to Federal agencies no later than December 15 of each year providing an inflation adjustment multiplier (i.e., the inflation adjustment factor agencies must use) applicable to CMPs assessed in the following year. The agencies are required to publish their CMPs, adjusted pursuant to the multiplier provided by OMB, by January 15 of the applicable year. To the extent an agency has codified a CMP amount in its regulations, the agency would need to update that amount by regulation. However, if an agency has codified the formula for making the CMP adjustments, then subsequent adjustments can be made solely by notice.3 In 2018, the OCC published a final regulation to remove the CMP amounts from its regulations, while updating those amounts for inflation through the notification process.4 On December 23, 2020, the OMB issued guidance to affected agencies on implementing the required annual adjustment, which included the relevant inflation multiplier.5 The OCC has 1 Public Law 101–410, Oct. 5, 1990, 104 Stat. 890, codified at 28 U.S.C. 2461 note. 2 Public Law 114–74, Title VII, section 701(b), Nov. 2, 2015, 129 Stat. 599, codified at 28 U.S.C. 2461 note. 3 See OMB Memorandum M–18–03, ‘‘Implementation of the 2018 Annual Adjustment Pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015,’’ at 4, which permits agencies that have codified the formula to adjust CMPs for inflation to update the penalties through a notification rather than a regulation. 4 83 FR 1517 (Jan. 12, 2018) (final rule); 83 FR 1657 (Jan. 12, 2018) (2018 CMP Notice). 5 The inflation adjustment multiplier for 2021 is 1.01182 . See OMB Memorandum M–21–10, E:\FR\FM\31DER1.SGM Continued 31DER1 86796 Federal Register / Vol. 85, No. 251 / Thursday, December 31, 2020 / Rules and Regulations applied that multiplier to the maximum CMPs allowable in 2020 for national banks and Federal savings associations as listed in the 2020 CMP notification 6 to calculate the maximum amount of CMPs that may be assessed by the OCC in 2021.7 There were no new statutory CMPs administered by the OCC during 2020. The following charts provide the inflation-adjusted CMPs for use beginning on January 1, 2021, pursuant to 12 CFR 19.240(b) and 109.103(c)(2) for conduct occurring on or after November 2, 2015: PENALTIES APPLICABLE TO NATIONAL BANKS Maximum penalty amount (in dollars) 1 U.S. Code citation Description and tier (if applicable) 12 U.S.C. 93(b) ..................................................... Violation of Various Provisions of the National Bank Act: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of Reporting Requirements: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Refusal of Affiliate to Cooperate in Examination .............................................................................. Violation of Various Provisions of the Federal Reserve Act: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of Change in Bank Control Act: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of Post-Employment Restrictions: Per violation ................................................................................................................................ Violation of Withdrawals by Negotiable or Transferable Instrument for Transfers to Third Parties: Per violation ................................................................................................................................ Violation of the Bank Protection Act ................................................................................................. Violation of Anti-Tying Provisions regarding Correspondent Accounts, Unsafe or Unsound Practices, or Breach of Fiduciary Duty: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of Various Provisions of the International Banking Act (Federal Branches and Agencies): Violation of Reporting Requirements of the International Banking Act (Federal Branches and Agencies): Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of International Lending Supervision Act ........................................................................... Violation of Various Provisions of the Securities Act, the Securities Exchange Act, the Investment Company Act, or the Investment Advisers Act: Tier 1 (natural person)—Per violation ........................................................................................ Tier 1 (other person)—Per violation ........................................................................................... Tier 2 (natural person)—Per violation ........................................................................................ Tier 2 (other person)—Per violation ........................................................................................... Tier 3 (natural person)—Per violation ........................................................................................ Tier 3 (other person)—Per violation ........................................................................................... Violation of Appraisal Independence Requirements: First violation .............................................................................................................................. Subsequent violations ................................................................................................................ Flood Insurance: Per violation ................................................................................................................................ 12 U.S.C. 164 ....................................................... 12 U.S.C. 481 ....................................................... 12 U.S.C. 504 ....................................................... 12 U.S.C. 1817(j)(16) ............................................ 12 U.S.C. 1818(i)(2) 3 ........................................... 12 U.S.C. 1820(k)(6)(A)(ii) .................................... 12 U.S.C. 1832(c) ................................................. 12 U.S.C. 1884 ..................................................... 12 U.S.C. 1972(2)(F) ............................................ 12 U.S.C. 3110(a) ................................................. 12 U.S.C. 3110(c) ................................................. 12 U.S.C. 3909(d)(1) ............................................ 15 U.S.C. 78u–2(b) ............................................... 15 U.S.C. 1639e(k) ............................................... 42 U.S.C. 4012a(f)(5) ........................................... 10,366 51,827 2 2,073,133 4,146 41,463 2 2,073,133 10,366 10,366 51,827 2 2,073,133 10,366 51,827 2 2,073,133 10,366 51,827 2 2,073,133 341,000 3,011 301 10,366 51,827 2 2,073,133 47,378 3,791 37,901 2 1,895,095 2,579 9,753 97,523 97,523 487,616 195,047 975,230 11,906 23,811 2,252 1 The maximum penalty amount is per day, unless otherwise indicated. 2 The maximum penalty amount for a national bank is the lesser of this amount or 1 percent of total assets. 3 These amounts also apply to CMPs in statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15 U.S.C. 1607, 1693o, 1681s, 1691c, and 1692l. khammond on DSKJM1Z7X2PROD with RULES PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS U.S. Code citation 12 U.S.C. 1464(v) ................................................. Reports of Condition: Implementation of Penalty Inflation Adjustments for 2021, Pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Dec. 23, 2020). VerDate Sep<11>2014 21:23 Dec 30, 2020 Maximum penalty amount (in dollars) 1 CMP description Jkt 253001 6 See 84 FR 71735 (Dec. 30, 2019). assessed for violations occurring prior to November 2, 2015, will be subject to the 7 Penalties PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 maximum amounts set forth in the OCC’s regulations in effect prior to the enactment of the 2015 Adjustment Act. E:\FR\FM\31DER1.SGM 31DER1 Federal Register / Vol. 85, No. 251 / Thursday, December 31, 2020 / Rules and Regulations 86797 PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS—Continued U.S. Code citation Maximum penalty amount (in dollars) 1 CMP description 12 U.S.C. 1467(d) ................................................. 12 U.S.C. 1467a(r) ................................................ 12 U.S.C. 1817(j)(16) ............................................ 12 U.S.C. 1818(i)(2) 3 ........................................... 12 U.S.C. 1820(k)(6)(A)(ii) .................................... 12 U.S.C. 1832(c) ................................................. 12 U.S.C. 1884 ..................................................... 12 U.S.C. 1972(2)(F) ............................................ 15 U.S.C. 78u–2(b) ............................................... 15 U.S.C. 1639e(k) ............................................... 42 U.S.C. 4012a(f)(5) ........................................... 1st Tier ....................................................................................................................................... 2nd Tier ...................................................................................................................................... 3rd Tier ....................................................................................................................................... Refusal of Affiliate to Cooperate in Examination .............................................................................. Late/Inaccurate Reports: 1st Tier ....................................................................................................................................... 2nd Tier ...................................................................................................................................... 3rd Tier ....................................................................................................................................... Violation of Change in Bank Control Act: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violation of Post-Employment Restrictions: Per violation ................................................................................................................................ Violation of Withdrawals by Negotiable or Transferable Instruments for Transfers to Third Parties: Per violation ................................................................................................................................ Violation of the Bank Protection Act ................................................................................................. Violation of Provisions regarding Correspondent Accounts, Unsafe or Unsound Practices, or Breach of Fiduciary Duty: Tier 1 .......................................................................................................................................... Tier 2 .......................................................................................................................................... Tier 3 .......................................................................................................................................... Violations of Various Provisions of the Securities Act, the Securities Exchange Act, the Investment Company Act, or the Investment Advisers Act: Tier 1 (natural person)—Per violation ........................................................................................ Tier 1 (other person)—Per violation ........................................................................................... Tier 2 (natural person)—Per violation ........................................................................................ Tier 2 (other person)—Per violation ........................................................................................... Tier 3 (natural person)—Per violation ........................................................................................ Tier 3 (other person)—Per violation ........................................................................................... Violation of Appraisal Independence Requirements: First violation .............................................................................................................................. Subsequent violations ................................................................................................................ Flood Insurance: Per violation ................................................................................................................................ 4,146 41,463 2 2,073,133 10,366 4,146 41,463 2 2,073,133 10,366 51,827 2 2,073,133 10,366 51,827 2 2,073,133 341,000 2,737 301 10,366 51,827 2 2,073,133 9,753 97,523 97,523 487,616 195,047 975,230 11,906 23,811 2,252 1 The maximum penalty amount is per day, unless otherwise indicated. 2 The maximum penalty amount for a federal savings association is the lesser of this amount or 1 percent of total assets. 3 These amounts also apply to statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15 U.S.C. 1607, 1681s, 1691c, and 1692l. Jonathan V. Gould, Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2020–28942 Filed 12–30–20; 8:45 am] BILLING CODE 4810–33–P NATIONAL CREDIT UNION ADMINISTRATION 12 CFR Part 701 RIN 3133–AF24 khammond on DSKJM1Z7X2PROD with RULES Fees Paid by Federal Credit Unions National Credit Union Administration (NCUA). ACTION: Final rule. AGENCY: The NCUA Board (Board) is amending its regulation governing assessment of an annual operating fee to Federal credit unions (FCUs). First, for SUMMARY: VerDate Sep<11>2014 21:23 Dec 30, 2020 Jkt 253001 purposes of calculating the annual operating fee, the final rule amends the current rule to exclude from total assets any loan an FCU reports under the Small Business Administration’s Paycheck Protection Program (PPP) or similar future programs approved for exclusion by the NCUA Board. Second, the final rule deletes from the current regulation references to the Credit Union System Investment Program and the Credit Union Homeowners Affordability Relief Program, both of which no longer exist. Third, the final rule amends the period used for the calculation of an FCU’s total assets. Currently, total assets are calculated using the FCU’s December 31st Call Report of the preceding year. Under the final rule, total assets will be calculated as the average total assets reported on the FCU’s previous four Call Reports available at the time the NCUA Board approves the agency’s budget for the PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 upcoming year, adjusted for any excludable programs as determined by the Board. Finally, the final rule makes some minor technical changes. This final rule is effective on February 1, 2021. DATES: FOR FURTHER INFORMATION CONTACT: James Holm, Supervisory Budget Analyst, Office of the Chief Financial Officer, at (703) 518–6570; Kevin Tuininga, Associate General Counsel, or John H. Brolin, Senior Staff Attorney, Office of General Counsel, at (703) 518– 6540; or by mail at 1775 Duke Street, Alexandria, VA 22314. SUPPLEMENTARY INFORMATION: I. Introduction II. Legal Authority III. Summary of the Proposal and Public Comments IV. Summary of the Final Rule V. Regulatory Procedures E:\FR\FM\31DER1.SGM 31DER1

Agencies

[Federal Register Volume 85, Number 251 (Thursday, December 31, 2020)]
[Rules and Regulations]
[Pages 86795-86797]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28942]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Parts 19 and 109


Notification of Inflation Adjustments for Civil Money Penalties

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Notification of monetary penalties 2021.

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

SUMMARY: The Office of the Comptroller of the Currency (OCC) is 
providing notice of its maximum civil money penalties as adjusted for 
inflation. The inflation adjustments are required to implement the 
Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by 
the Federal Civil Penalties Inflation Adjustment Act Improvements Act 
of 2015.

DATES: The adjusted maximum amount of civil money penalties in this 
document are applicable to penalties assessed on or after January 1, 
2021, for conduct occurring on or after November 2, 2015.

FOR FURTHER INFORMATION CONTACT: Lee Walzer, Counsel, Chief Counsel's 
Office, (202) 649-5490, Office of the Comptroller of the Currency.

SUPPLEMENTARY INFORMATION: This document announces changes to the 
maximum amount of each civil money penalty (CMP) within the OCC's 
jurisdiction to administer to account for inflation pursuant to the 
Federal Civil Penalties Inflation Adjustment Act of 1990 (the 1990 
Adjustment Act),\1\ as amended by the Federal Civil Penalties Inflation 
Adjustment Act Improvements Act of 2015 (the 2015 Adjustment Act).\2\ 
Under the 1990 Adjustment Act, as amended, Federal agencies must make 
annual adjustments to the maximum amount of each CMP they administer. 
The Office of Management and Budget (OMB) is required to issue guidance 
to Federal agencies no later than December 15 of each year providing an 
inflation adjustment multiplier (i.e., the inflation adjustment factor 
agencies must use) applicable to CMPs assessed in the following year. 
The agencies are required to publish their CMPs, adjusted pursuant to 
the multiplier provided by OMB, by January 15 of the applicable year.
---------------------------------------------------------------------------

    \1\ Public Law 101-410, Oct. 5, 1990, 104 Stat. 890, codified at 
28 U.S.C. 2461 note.
    \2\ Public Law 114-74, Title VII, section 701(b), Nov. 2, 2015, 
129 Stat. 599, codified at 28 U.S.C. 2461 note.
---------------------------------------------------------------------------

    To the extent an agency has codified a CMP amount in its 
regulations, the agency would need to update that amount by regulation. 
However, if an agency has codified the formula for making the CMP 
adjustments, then subsequent adjustments can be made solely by 
notice.\3\ In 2018, the OCC published a final regulation to remove the 
CMP amounts from its regulations, while updating those amounts for 
inflation through the notification process.\4\
---------------------------------------------------------------------------

    \3\ See OMB Memorandum M-18-03, ``Implementation of the 2018 
Annual Adjustment Pursuant to the Federal Civil Penalties Inflation 
Adjustment Act Improvements Act of 2015,'' at 4, which permits 
agencies that have codified the formula to adjust CMPs for inflation 
to update the penalties through a notification rather than a 
regulation.
    \4\ 83 FR 1517 (Jan. 12, 2018) (final rule); 83 FR 1657 (Jan. 
12, 2018) (2018 CMP Notice).
---------------------------------------------------------------------------

    On December 23, 2020, the OMB issued guidance to affected agencies 
on implementing the required annual adjustment, which included the 
relevant inflation multiplier.\5\ The OCC has

[[Page 86796]]

applied that multiplier to the maximum CMPs allowable in 2020 for 
national banks and Federal savings associations as listed in the 2020 
CMP notification \6\ to calculate the maximum amount of CMPs that may 
be assessed by the OCC in 2021.\7\ There were no new statutory CMPs 
administered by the OCC during 2020.
---------------------------------------------------------------------------

    \5\ The inflation adjustment multiplier for 2021 is 1.01182 . 
See OMB Memorandum M-21-10, Implementation of Penalty Inflation 
Adjustments for 2021, Pursuant to the Federal Civil Penalties 
Inflation Adjustment Act Improvements Act of 2015 (Dec. 23, 2020).
    \6\ See 84 FR 71735 (Dec. 30, 2019).
    \7\ Penalties assessed for violations occurring prior to 
November 2, 2015, will be subject to the maximum amounts set forth 
in the OCC's regulations in effect prior to the enactment of the 
2015 Adjustment Act.
---------------------------------------------------------------------------

    The following charts provide the inflation-adjusted CMPs for use 
beginning on January 1, 2021, pursuant to 12 CFR 19.240(b) and 
109.103(c)(2) for conduct occurring on or after November 2, 2015:

                 Penalties Applicable to National Banks
------------------------------------------------------------------------
                                                              Maximum
                                   Description and tier   penalty amount
       U.S. Code citation            (if applicable)       (in dollars)
                                                                \1\
------------------------------------------------------------------------
12 U.S.C. 93(b)................  Violation of Various
                                  Provisions of the
                                  National Bank Act:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 164..................  Violation of Reporting
                                  Requirements:
                                    Tier 1..............           4,146
                                    Tier 2..............          41,463
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 481..................  Refusal of Affiliate to          10,366
                                  Cooperate in
                                  Examination.
12 U.S.C. 504..................  Violation of Various
                                  Provisions of the
                                  Federal Reserve Act:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 1817(j)(16)..........  Violation of Change in
                                  Bank Control Act:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 1818(i)(2) \3\.......  Violation of Law,
                                  Unsafe or Unsound
                                  Practice, or Breach of
                                  Fiduciary Duty:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 1820(k)(6)(A)(ii)....  Violation of Post-
                                  Employment
                                  Restrictions:
                                    Per violation.......         341,000
12 U.S.C. 1832(c)..............  Violation of
                                  Withdrawals by
                                  Negotiable or
                                  Transferable
                                  Instrument for
                                  Transfers to Third
                                  Parties:
                                    Per violation.......           3,011
12 U.S.C. 1884.................  Violation of the Bank               301
                                  Protection Act.
12 U.S.C. 1972(2)(F)...........  Violation of Anti-Tying
                                  Provisions regarding
                                  Correspondent
                                  Accounts, Unsafe or
                                  Unsound Practices, or
                                  Breach of Fiduciary
                                  Duty:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 3110(a)..............  Violation of Various             47,378
                                  Provisions of the
                                  International Banking
                                  Act (Federal Branches
                                  and Agencies):
12 U.S.C. 3110(c)..............  Violation of Reporting
                                  Requirements of the
                                  International Banking
                                  Act (Federal Branches
                                  and Agencies):
                                    Tier 1..............           3,791
                                    Tier 2..............          37,901
                                    Tier 3..............   \2\ 1,895,095
12 U.S.C. 3909(d)(1)...........  Violation of                      2,579
                                  International Lending
                                  Supervision Act.
15 U.S.C. 78u-2(b).............  Violation of Various
                                  Provisions of the
                                  Securities Act, the
                                  Securities Exchange
                                  Act, the Investment
                                  Company Act, or the
                                  Investment Advisers
                                  Act:
                                    Tier 1 (natural                9,753
                                     person)--Per
                                     violation.
                                    Tier 1 (other                 97,523
                                     person)--Per
                                     violation.
                                    Tier 2 (natural               97,523
                                     person)--Per
                                     violation.
                                    Tier 2 (other                487,616
                                     person)--Per
                                     violation.
                                    Tier 3 (natural              195,047
                                     person)--Per
                                     violation.
                                    Tier 3 (other                975,230
                                     person)--Per
                                     violation.
15 U.S.C. 1639e(k).............  Violation of Appraisal
                                  Independence
                                  Requirements:
                                    First violation.....          11,906
                                    Subsequent                    23,811
                                     violations.
42 U.S.C. 4012a(f)(5)..........  Flood Insurance:
                                    Per violation.......           2,252
------------------------------------------------------------------------
\1\ The maximum penalty amount is per day, unless otherwise indicated.
\2\ The maximum penalty amount for a national bank is the lesser of this
  amount or 1 percent of total assets.
\3\ These amounts also apply to CMPs in statutes that cross-reference 12
  U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15
  U.S.C. 1607, 1693o, 1681s, 1691c, and 1692l.


          Penalties Applicable to Federal Savings Associations
------------------------------------------------------------------------
                                                              Maximum
                                                          penalty amount
       U.S. Code citation            CMP description       (in dollars)
                                                                \1\
------------------------------------------------------------------------
12 U.S.C. 1464(v)..............  Reports of Condition:

[[Page 86797]]

 
                                    1st Tier............           4,146
                                    2nd Tier............          41,463
                                    3rd Tier............   \2\ 2,073,133
12 U.S.C. 1467(d)..............  Refusal of Affiliate to          10,366
                                  Cooperate in
                                  Examination.
12 U.S.C. 1467a(r).............  Late/Inaccurate
                                  Reports:
                                    1st Tier............           4,146
                                    2nd Tier............          41,463
                                    3rd Tier............   \2\ 2,073,133
12 U.S.C. 1817(j)(16)..........  Violation of Change in
                                  Bank Control Act:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 1818(i)(2) \3\.......  Violation of Law,
                                  Unsafe or Unsound
                                  Practice, or Breach of
                                  Fiduciary Duty:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
12 U.S.C. 1820(k)(6)(A)(ii)....  Violation of Post-
                                  Employment
                                  Restrictions:
                                    Per violation.......         341,000
12 U.S.C. 1832(c)..............  Violation of
                                  Withdrawals by
                                  Negotiable or
                                  Transferable
                                  Instruments for
                                  Transfers to Third
                                  Parties:
                                    Per violation.......           2,737
12 U.S.C. 1884.................  Violation of the Bank               301
                                  Protection Act.
12 U.S.C. 1972(2)(F)...........  Violation of Provisions
                                  regarding
                                  Correspondent
                                  Accounts, Unsafe or
                                  Unsound Practices, or
                                  Breach of Fiduciary
                                  Duty:
                                    Tier 1..............          10,366
                                    Tier 2..............          51,827
                                    Tier 3..............   \2\ 2,073,133
15 U.S.C. 78u-2(b).............  Violations of Various
                                  Provisions of the
                                  Securities Act, the
                                  Securities Exchange
                                  Act, the Investment
                                  Company Act, or the
                                  Investment Advisers
                                  Act:
                                    Tier 1 (natural                9,753
                                     person)--Per
                                     violation.
                                    Tier 1 (other                 97,523
                                     person)--Per
                                     violation.
                                    Tier 2 (natural               97,523
                                     person)--Per
                                     violation.
                                    Tier 2 (other                487,616
                                     person)--Per
                                     violation.
                                    Tier 3 (natural              195,047
                                     person)--Per
                                     violation.
                                    Tier 3 (other                975,230
                                     person)--Per
                                     violation.
15 U.S.C. 1639e(k).............  Violation of Appraisal
                                  Independence
                                  Requirements:
                                    First violation.....          11,906
                                    Subsequent                    23,811
                                     violations.
42 U.S.C. 4012a(f)(5)..........  Flood Insurance:
                                    Per violation.......           2,252
------------------------------------------------------------------------
\1\ The maximum penalty amount is per day, unless otherwise indicated.
\2\ The maximum penalty amount for a federal savings association is the
  lesser of this amount or 1 percent of total assets.
\3\ These amounts also apply to statutes that cross-reference 12 U.S.C.
  1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 and 15 U.S.C.
  1607, 1681s, 1691c, and 1692l.


Jonathan V. Gould,
Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller 
of the Currency.
[FR Doc. 2020-28942 Filed 12-30-20; 8:45 am]
BILLING CODE 4810-33-P