Notice of Inflation Adjustments for Civil Money Penalties, 299-301 [2020-29175]
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Federal Register / Vol. 86, No. 2 / Tuesday, January 5, 2021 / Notices
and voting. (In addition to publishing
notices on EEOC Commission meetings
in the Federal Register, the Commission
also provides information about
Commission meetings on its website,
www.eeoc.gov. and provides a recorded
announcement a week in advance on
future Commission meetings.)
Please telephone (202) 663–7100
(voice) or (202) 921–2750, or email
commissionmeetingcomments@eeoc.gov
at any time for information on this
meeting.
CONTACT PERSON FOR MORE INFORMATION:
Rachel V. See, Acting Executive Officer,
(202) 921–2545.
Dated: December 31, 2020.
Rachel V. See,
Acting Executive Officer, Executive
Secretariat.
[FR Doc. 2020–29286 Filed 12–31–20; 4:15 pm]
BILLING CODE 6570–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
RIN 3064–ZA22
Notice of Inflation Adjustments for
Civil Money Penalties
Federal Deposit Insurance
Corporation.
AGENCY:
ACTION:
Notice of Monetary Penalties
2021.
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, 2021, 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; 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
SUMMARY:
299
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
adjustments by providing notice in the
Federal Register.3
On December 23, 2020, 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 2020 for
FDIC-supervised institutions to
calculate the maximum amount of CMPs
that may be assessed by the FDIC in
2021.5 There were no new statutory
CMPs administered by the FDIC during
2020.
The following charts provide the
inflation-adjusted maximum CMP
amounts for use after January 15, 2021—
the effective date of the 2021 annual
adjustments—under 12 CFR part 308,
for conduct occurring on or after
November 2, 2015:
MAXIMUM CIVIL MONEY PENALTY AMOUNTS
Current maximum
CMP
(through January
14, 2021)
U.S. code citation
jbell on DSKJLSW7X2PROD with NOTICES
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 ........................................................................................................................
1 Public Law 101–410, 104 Stat. 890, codified at
28 U.S.C. 2461 note.
2 Public Law 114–74, 701(b), 129 Stat. 599,
codified at 28 U.S.C. 2461 note.
3 See Office of Mgmt. & Budget, Exec. Office of
the President, OMB Memorandum No. M–21–10,
Implementation of Penalty Inflation Adjustments
VerDate Sep<11>2014
17:09 Jan 04, 2021
Jkt 253001
for 2021, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015
4 (2020), https://www.whitehouse.gov/wp-content/
uploads/2020/12/M-21-10.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).
PO 00000
Frm 00015
Fmt 4703
Sfmt 4703
Adjusted maximum
CMP 6
(beginning January
15, 2021)
$4,098
40,979
41,463
10,245
$4,146
2,048,915
2,073,133
10,366
4,098
40,979
2,048,915
4,146
41,463
2,073,133
3,747
37,458
1,872,957
3,791
37,901
1,895,095
10,245
51,222
2,048,915
10,366
51,827
2,073,133
10,245
51,222
2,048,915
10,366
51,827
2,073,133
4 See OMB Guidance at 1 (providing an inflation
multiplier of 1.01182).
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\05JAN1.SGM
05JAN1
300
Federal Register / Vol. 86, No. 2 / Tuesday, January 5, 2021 / Notices
MAXIMUM CIVIL MONEY PENALTY AMOUNTS—Continued
Current maximum
CMP
(through January
14, 2021)
U.S. code citation
12
12
12
12
12
12
12
12
12
15
15
31
42
U.S.C. 1820(e)(4) ...........................................................................................................................
U.S.C. 1820(k)(6) ...........................................................................................................................
U.S.C. 1828(a)(3) ...........................................................................................................................
U.S.C. 1828(h): 15
For assessments <$10,000 ..........................................................................................................
U.S.C. 1829b(j) ...............................................................................................................................
U.S.C. 1832(c) ................................................................................................................................
U.S.C. 1884 ....................................................................................................................................
U.S.C. 1972(2)(F):
Tier One CMP ..............................................................................................................................
Tier Two CMP ..............................................................................................................................
Tier Three CMP 16 ........................................................................................................................
U.S.C. 3909(d) ................................................................................................................................
U.S.C. 78u–2:
Tier One CMP (individuals) ..........................................................................................................
Tier One CMP (others) .................................................................................................................
Tier Two CMP (individuals) ..........................................................................................................
Tier Two CMP (others) .................................................................................................................
Tier Three CMP (individuals) .......................................................................................................
Tier Three CMP (others) ..............................................................................................................
U.S.C. 1639e(k):
First violation ................................................................................................................................
Subsequent violations ..................................................................................................................
U.S.C. 3802 ....................................................................................................................................
U.S.C. 4012a(f) ...............................................................................................................................
Current presumptive CMP
(through January 14, 2021)
CFR citation
jbell on DSKJLSW7X2PROD with NOTICES
12 CFR 308.132(e)(1)(i):
Institutions with $25 million or more in assets:
1 to 15 days late ..................................
16 or more days late ............................
Institutions with less than $25 million in assets:
1 to 15 days late 17 ..............................
16 or more days late 18 ........................
12 CFR 308.132(e)(1)(ii):
Institutions with $25 million or more in assets:
1 to 15 days late ..................................
16 or more days late ............................
Institutions with less than $25 million in assets:
1 to 15 days late ..................................
16 or more days late ............................
12 CFR 308.132(e)(2) ........................................
12 CFR 308.132(e)(3):
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
VerDate Sep<11>2014
17:09 Jan 04, 2021
Jkt 253001
Adjusted maximum
CMP 6
(beginning January
15, 2021)
9,365
337,016
127
9,476
341,000
129
127
21,410
2,976
297
129
21,663
3,011
301
10,245
51,222
2,048,915
2,549
10,366
51,827
2,073,133
2,579
9,639
96,384
96,384
481,920
192,768
963,837
9,753
97,523
97,523
487,616
195,047
975,230
11,767
23,533
11,665
2,226
11,906
23,811
11,803
2,252
Adjusted presumptive CMP
(beginning January 15, 2021)
$562 .................................................................
$1,124 ..............................................................
$569.
$1,137.
$188 .................................................................
$374 .................................................................
$190.
$378.
$936 .................................................................
$1,872 ..............................................................
$947.
$1,894.
1/50,000th of the institution’s total assets .......
1/25,000th of the institution’s total assets .......
$40,979 ............................................................
1/50,000th of the institution’s total assets.
1/25,000th of the institution’s total assets.
$41,463.
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.
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),
PO 00000
Frm 00016
Fmt 4703
Sfmt 4703
4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b),
1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601.
14 The maximum penalty amount for an
institution is the lesser of this amount or 1 percent
of total assets.
15 The $129-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.
E:\FR\FM\05JAN1.SGM
05JAN1
Federal Register / Vol. 86, No. 2 / Tuesday, January 5, 2021 / Notices
Current presumptive CMP
(through January 14, 2021)
CFR citation
Tier One CMP .............................................
Tier Two CMP .............................................
Tier Three CMP 19 .......................................
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on December 30,
2020.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2020–29175 Filed 1–4–21; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL TRADE COMMISSION
[File No. 191 0110]
E. & J. Gallo Winery and Constellation
Brands; Analysis of Agreement
Containing Consent Orders To Aid
Public Comment
Federal Trade Commission.
Proposed consent agreement;
request for comment.
AGENCY:
ACTION:
The consent agreement in this
matter settles alleged violations of
federal law prohibiting unfair methods
of competition. The attached Analysis of
Proposed Consent Orders to Aid Public
Comment describes both the allegations
in the complaint and the terms of the
consent orders—embodied in the
consent agreement—that would settle
these allegations.
DATES: Comments must be received on
or before February 4, 2021.
ADDRESSES: Interested parties may file
comments online or on paper, by
following the instructions in the
Request for Comment part of the
SUPPLEMENTARY INFORMATION section
below. Please write: ‘‘E. & J. Gallo
Winery and Constellation Brands; File
No. 191 0110’’ on your comment, and
file your comment online at https://
www.regulations.gov by following the
instructions on the web-based form. If
you prefer to file your comment on
paper, please mail your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
600 Pennsylvania Avenue NW, Suite
CC–5610 (Annex D), Washington, DC
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
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.
VerDate Sep<11>2014
17:09 Jan 04, 2021
Jkt 253001
$4,098 ..............................................................
$40,979 ............................................................
$2,048,915 .......................................................
20580; or deliver your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
Constitution Center, 400 7th Street SW,
5th Floor, Suite 5610 (Annex D),
Washington, DC 20024.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Arens (202–326–3552),
Bureau of Competition, Federal Trade
Commission, 600 Pennsylvania Avenue
NW, Washington, DC 20580.
SUPPLEMENTARY INFORMATION: Pursuant
to Section 6(f) of the Federal Trade
Commission Act, 15 U.S.C. 46(f), and
FTC Rule 2.34, 16 CFR 2.34, notice is
hereby given that the above-captioned
consent agreement containing a consent
order to cease and desist, having been
filed with and accepted, subject to final
approval, by the Commission, has been
placed on the public record for a period
of thirty (30) days. The following
Analysis of Agreement Containing
Consent Orders to Aid Public Comment
describes the terms of the consent
agreement and the allegations in the
complaint. An electronic copy of the
full text of the consent agreement
package can be obtained from the FTC
website at this web address: https://
www.ftc.gov/news-events/commissionactions.
You can file a comment online or on
paper. For the Commission to consider
your comment, we must receive it on or
before February 5, 2021. Write ‘‘E. & J.
Gallo Winery and Constellation Brands;
File No. 191 0110’’ on your comment.
Your comment—including your name
and your state—will be placed on the
public record of this proceeding,
including, to the extent practicable, on
the https://www.regulations.gov
website.
Due to protective actions in response
to the COVID–19 pandemic and the
agency’s heightened security screening,
postal mail addressed to the
Commission will be subject to delay. We
strongly encourage you to submit your
comments online through the https://
www.regulations.gov website.
If you prefer to file your comment on
paper, write ‘‘E. & J. Gallo Winery and
Constellation Brands; File No. 191
0110’’ on your comment and on the
envelope, and mail your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
600 Pennsylvania Avenue NW, Suite
PO 00000
Frm 00017
Fmt 4703
Sfmt 4703
301
Adjusted presumptive CMP
(beginning January 15, 2021)
$4,146.
$41,463.
$2,073,133.
CC–5610 (Annex D), Washington, DC
20580; or deliver your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
Constitution Center, 400 7th Street SW,
5th Floor, Suite 5610 (Annex D),
Washington, DC 20024. If possible,
submit your paper comment to the
Commission by courier or overnight
service.
Because your comment will be placed
on the publicly accessible website at
https://www.regulations.gov, you are
solely responsible for making sure that
your comment does not include any
sensitive or confidential information. In
particular, your comment should not
include any sensitive personal
information, such as your or anyone
else’s Social Security number; date of
birth; driver’s license number or other
state identification number, or foreign
country equivalent; passport number;
financial account number; or credit or
debit card number. You are also solely
responsible for making sure your
comment does not include any sensitive
health information, such as medical
records or other individually
identifiable health information. In
addition, your comment should not
include any ‘‘trade secret or any
commercial or financial information
which . . . is privileged or
confidential’’—as provided by Section
6(f) of the FTC Act, 15 U.S.C. 46(f), and
FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)—
including in particular competitively
sensitive information such as costs,
sales statistics, inventories, formulas,
patterns, devices, manufacturing
processes, or customer names.
Comments containing material for
which confidential treatment is
requested must be filed in paper form,
must be clearly labeled ‘‘Confidential,’’
and must comply with FTC Rule 4.9(c).
In particular, the written request for
confidential treatment that accompanies
the comment must include the factual
and legal basis for the request, and must
identify the specific portions of the
comment to be withheld from the public
record. See FTC Rule 4.9(c). Your
comment will be kept confidential only
if the General Counsel grants your
request in accordance with the law and
the public interest. Once your comment
has been posted on the public FTC
website—as legally required by FTC
Rule 4.9(b)—we cannot redact or
E:\FR\FM\05JAN1.SGM
05JAN1
]]>Agencies
[Federal Register Volume 86, Number 2 (Tuesday, January 5, 2021)]
[Notices]
[Pages 299-301]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-29175]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
RIN 3064-ZA22
Notice of Inflation Adjustments for Civil Money Penalties
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice of Monetary Penalties 2021.
-----------------------------------------------------------------------
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, 2021, 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]; 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-21-10, Implementation of Penalty Inflation
Adjustments for 2021, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015 4 (2020), https://www.whitehouse.gov/wp-content/uploads/2020/12/M-21-10.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 23, 2020, 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 2020 for FDIC-supervised
institutions to calculate the maximum amount of CMPs that may be
assessed by the FDIC in 2021.\5\ There were no new statutory CMPs
administered by the FDIC during 2020.
---------------------------------------------------------------------------
\4\ See OMB Guidance at 1 (providing an inflation multiplier of
1.01182).
\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, 2021--the effective date of the 2021
annual adjustments--under 12 CFR part 308, for conduct occurring on or
after November 2, 2015:
Maximum Civil Money Penalty Amounts
------------------------------------------------------------------------
Current maximum Adjusted maximum CMP
U.S. code citation CMP (through \6\ (beginning
January 14, 2021) January 15, 2021)
------------------------------------------------------------------------
12 U.S.C. 1464(v):
Tier One CMP \7\.......... $4,098 $4,146
Tier Two CMP.............. 40,979 2,048,915
Tier Three CMP \8\........ 41,463 2,073,133
12 U.S.C. 1467(d)............. 10,245 10,366
12 U.S.C. 1817(a):
Tier One CMP \9\.......... 4,098 4,146
Tier Two CMP.............. 40,979 41,463
Tier Three CMP \10\....... 2,048,915 2,073,133
12 U.S.C. 1817(c):
Tier One CMP.............. 3,747 3,791
Tier Two CMP.............. 37,458 37,901
Tier Three CMP \11\....... 1,872,957 1,895,095
12 U.S.C. 1817(j)(16):
Tier One CMP.............. 10,245 10,366
Tier Two CMP.............. 51,222 51,827
Tier Three CMP \12\....... 2,048,915 2,073,133
12 U.S.C. 1818(i)(2): \13\
Tier One CMP.............. 10,245 10,366
Tier Two CMP.............. 51,222 51,827
Tier Three CMP \14\....... 2,048,915 2,073,133
[[Page 300]]
12 U.S.C. 1820(e)(4).......... 9,365 9,476
12 U.S.C. 1820(k)(6).......... 337,016 341,000
12 U.S.C. 1828(a)(3).......... 127 129
12 U.S.C. 1828(h): \15\
For assessments <$10,000.. 127 129
12 U.S.C. 1829b(j)............ 21,410 21,663
12 U.S.C. 1832(c)............. 2,976 3,011
12 U.S.C. 1884................ 297 301
12 U.S.C. 1972(2)(F):
Tier One CMP.............. 10,245 10,366
Tier Two CMP.............. 51,222 51,827
Tier Three CMP \16\....... 2,048,915 2,073,133
12 U.S.C. 3909(d)............. 2,549 2,579
15 U.S.C. 78u-2:
Tier One CMP (individuals) 9,639 9,753
Tier One CMP (others)..... 96,384 97,523
Tier Two CMP (individuals) 96,384 97,523
Tier Two CMP (others)..... 481,920 487,616
Tier Three CMP 192,768 195,047
(individuals)............
Tier Three CMP (others)... 963,837 975,230
15 U.S.C. 1639e(k):
First violation........... 11,767 11,906
Subsequent violations..... 23,533 23,811
31 U.S.C. 3802................ 11,665 11,803
42 U.S.C. 4012a(f)............ 2,226 2,252
------------------------------------------------------------------------
---------------------------------------------------------------------------
\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.
\10\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\11\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\12\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\13\ These amounts also apply to CMPs in statutes that cross-
reference 12 U.S.C. 1818, such as 12 U.S.C. 2601, 2804(b), 3108(b),
3349(b), 4009(a), 4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b),
1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601.
\14\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
\15\ The $129-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.
------------------------------------------------------------------------
Current presumptive Adjusted presumptive
CFR citation CMP (through January CMP (beginning
14, 2021) January 15, 2021)
------------------------------------------------------------------------
12 CFR 308.132(e)(1)(i):
Institutions with $25
million or more in
assets:
1 to 15 days late... $562................ $569.
16 or more days late $1,124.............. $1,137.
Institutions with less
than $25 million in
assets:
1 to 15 days late $188................ $190.
\17\.
16 or more days late $374................ $378.
\18\.
12 CFR 308.132(e)(1)(ii):
Institutions with $25
million or more in
assets:
1 to 15 days late... $936................ $947.
16 or more days late $1,872.............. $1,894.
Institutions with less
than $25 million in
assets:
1 to 15 days late... 1/50,000th of the 1/50,000th of the
institution's total institution's total
assets. assets.
16 or more days late 1/25,000th of the 1/25,000th of the
institution's total institution's total
assets. assets.
12 CFR 308.132(e)(2)........ $40,979............. $41,463.
12 CFR 308.132(e)(3):
[[Page 301]]
Tier One CMP............ $4,098.............. $4,146.
Tier Two CMP............ $40,979............. $41,463.
Tier Three CMP \19\..... $2,048,915.......... $2,073,133.
------------------------------------------------------------------------
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\17\ The maximum penalty amount for an institution is the
greater of this amount or 1/100,000th of the institution's total
assets.
\18\ The maximum penalty amount for an institution is the
greater of this amount or 1/50,000th of the institution's total
assets.
\19\ The maximum penalty amount for an institution is the lesser
of this amount or 1 percent of total assets.
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Federal Deposit Insurance Corporation.
Dated at Washington, DC, on December 30, 2020.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2020-29175 Filed 1-4-21; 8:45 am]
BILLING CODE 6714-01-P
