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