Notice of Inflation Adjustments for Civil Money Penalties, 1917-1919 [2024-00409]
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ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices
Act (PRA) of 1995, the Federal
Communications Commission (FCC or
the Commission) invites the general
public and other Federal agencies to
take this opportunity to comment on the
following information collection.
Comments are requested concerning:
whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Commission, including whether the
information shall have practical utility;
the accuracy of the Commission’s
burden estimate; ways to enhance the
quality, utility, and clarity of the
information collected; ways to minimize
the burden of the collection of
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology; and ways to
further reduce the information
collection burden on small business
concerns with fewer than 25 employees.
DATES: Written PRA comments should
be submitted on or before March 11,
2024. If you anticipate that you will be
submitting comments, but find it
difficult to do so within the period of
time allowed by this notice, you should
advise the contact listed below as soon
as possible.
ADDRESSES: Direct all PRA comments to
Nicole Ongele, FCC, via email PRA@
fcc.gov and to nicole.ongele@fcc.gov.
FOR FURTHER INFORMATION CONTACT: For
additional information about the
information collection, contact Nicole
Ongele, (202) 418–2991.
SUPPLEMENTARY INFORMATION: The FCC
may not conduct or sponsor a collection
of information unless it displays a
currently valid control number. No
person shall be subject to any penalty
for failing to comply with a collection
of information subject to the PRA that
does not display a valid Office of
Management and Budget (OMB) control
number.
OMB Control Number: 3060–1046.
Title: Part 64, Modernization of
Payphone Compensation Rules, et al.,
WC Docket No. 17–141, et al.
Form Number: N/A.
Type of Review: Extension of a
currently approved collection.
Respondents: Business or other forprofit.
Number of Respondents and
Responses: 216 respondents; 1,456
responses.
Estimated Time per Response: 0.50–
122 hours.
Frequency of Response: On occasion,
one-time, and quarterly reporting
requirements; third party disclosure
requirements; and recordkeeping
requirement.
VerDate Sep<11>2014
17:31 Jan 10, 2024
Jkt 262001
Obligation to Respond: Required to
obtain or retain benefits. Statutory
authority for this information collection
is contained in 47 U.S.C. 151, 154 and
276.
Total Annual Burden: 22,524 hours.
Total Annual Cost: No cost.
Needs and Uses: Section 276 of the
Communications Act, as amended (the
Act), requires that the Federal
Communications Commission
(Commission or FCC) establish rules
ensuring that payphone service
providers or PSPs are ‘‘fairly
compensated’’ for each and every
completed payphone-originated call.
The Commission’s Payphone
Compensation Rules satisfy section 276
by identifying the party liable for
compensation and establishing a
mechanism for PSPs to be paid. A 2003
Report and Order (FCC 03–235)
established detailed rules (Payphone
Compensation Rules) ensuring that
payphone service providers or PSPs are
‘‘fairly compensated’’ for each and every
completed payphone-originated call
pursuant to section 276 of the
Communications Act, as amended (the
Act), which the Commission revised in
a 2018 Report and Order (FCC 18–21).
The Payphone Compensation Rules
satisfy section 276 by identifying the
party liable for compensation and
establishing a mechanism for PSPs to be
paid. The Payphone Compensation
Rules: (1) place liability to compensate
PSPs for payphone-originated calls on
the facilities-based long distance
carriers or switch-based resellers (SBRs)
from whose switches such calls are
completed; (2) define these responsible
carriers as ‘‘Completing Carriers’’ and
require them to develop their own
system of tracking calls to completion;
(3) require Completing Carriers to file
with PSPs a quarterly report and also
submit an attestation by a company
official, including but not limited to the
chief financial officer (CFO), that the
payment amount for that quarter is
accurate and is based on 100% of all
completed calls; (4) require quarterly
reporting obligations for other facilitiesbased long distance carriers in the call
path, if any, and define these carriers as
‘‘Intermediate Carriers;’’ and (5) give
parties flexibility to agree to alternative
compensation arrangements (ACA) so
that small Completing Carriers may
avoid the expense of instituting a
tracking system. The revisions adopted
in the 2018 Report and Order
significantly decreased the paperwork
burden on carriers.
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
1917
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2024–00379 Filed 1–10–24; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
RIN 3064–ZA40
Notice of Inflation Adjustments for
Civil Money Penalties
Federal Deposit Insurance
Corporation.
ACTION: Notice of monetary penalties
2024.
AGENCY:
The Federal Deposit
Insurance Corporation is providing
notice of its maximum civil money
penalties as adjusted for inflation.
DATES: The adjusted maximum amounts
of civil money penalties in this notice
are applicable to penalties assessed after
January 15, 2024, for conduct occurring
on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT:
Graham N. Rehrig, Counsel, Legal
Division, 703–314–3401, 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
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
SUMMARY:
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.
E:\FR\FM\11JAN1.SGM
11JAN1
1918
Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices
formula for making the CMP
adjustments may make annual inflation
adjustments by providing notice in the
Federal Register.3
On December 19, 2023, 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 2023 for
FDIC-supervised institutions and other
parties subject to the FDIC’s jurisdiction
to calculate the maximum amount of
CMPs that may be assessed by the FDIC
in 2024.5 There were no new statutory
CMPs administered by the FDIC during
2023.
The following charts provide the
inflation-adjusted maximum CMP
amounts for use after January 15, 2024—
the effective date of the 2024 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, 2024)
U.S. Code citation
ddrumheller on DSK120RN23PROD with NOTICES1
12 U.S.C. 1464(v):
Tier One CMP 7 ..............................................................................................................................
Tier Two CMP ................................................................................................................................
Tier Three CMP 8 ............................................................................................................................
12 U.S.C. 1467(d) ..................................................................................................................................
12 U.S.C. 1817(a):
Tier One CMP 9 ..............................................................................................................................
Tier Two CMP ................................................................................................................................
Tier Three CMP 10 ..........................................................................................................................
12 U.S.C. 1817(c):
Tier One CMP ................................................................................................................................
Tier Two CMP ................................................................................................................................
Tier Three CMP 11 ..........................................................................................................................
12 U.S.C. 1817(j)(16):
Tier One CMP ................................................................................................................................
Tier Two CMP ................................................................................................................................
Tier Three CMP 12 ..........................................................................................................................
12 U.S.C. 1818(i)(2): 13
Tier One CMP ................................................................................................................................
Tier Two CMP ................................................................................................................................
Tier Three CMP 14 ..........................................................................................................................
12 U.S.C. 1820(e)(4) .............................................................................................................................
12 U.S.C. 1820(k)(6) .............................................................................................................................
12 U.S.C. 1828(a)(3) .............................................................................................................................
12 U.S.C. 1828(h): 15
For assessments <$10,000 ............................................................................................................
12 U.S.C. 1829b(j) .................................................................................................................................
12 U.S.C. 1832(c) ..................................................................................................................................
12 U.S.C. 1884 ......................................................................................................................................
12 U.S.C. 1972(2)(F):
Tier One CMP ................................................................................................................................
Tier Two CMP ................................................................................................................................
Tier Three CMP 16 ..........................................................................................................................
12 U.S.C. 3909(d) ..................................................................................................................................
15 U.S.C. 78u–2:
Tier One CMP (individuals) ............................................................................................................
3 See Office of Mgmt. & Budget, Exec. Office of
the President, OMB Memorandum No. M–24–07,
Implementation of Penalty Inflation Adjustments
for 2024, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015
4 (Dec. 19, 2023), https://www.whitehouse.gov/wpcontent/uploads/2023/12/M-24-07-Implementationof-Penalty-Inflation-Adjustments-for-2024.pdf
(OMB Guidance); see also 12 CFR 308.132(d) (FDIC
regulation that guides readers to the Federal
Register to see the annual notice of CMP inflation
adjustments).
4 See OMB Guidance at 1 (providing an inflation
multiplier of 1.03241).
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.
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
VerDate Sep<11>2014
17:31 Jan 10, 2024
Jkt 262001
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.
PO 00000
Frm 00044
Fmt 4703
Sfmt 4703
Adjusted maximum
CMP 6
(beginning January
15, 2024)
$4,745
47,454
2,372,677
11,864
$4,899
48,992
2,449,575
12,249
4,745
47,454
2,372,677
4,899
48,992
2,449,575
4,339
43,377
2,168,915
4,480
44,783
2,239,210
11,864
59,316
2,372,677
12,249
61,238
2,449,575
11,864
59,316
2,372,677
10,846
390,271
148
12,249
61,238
2,449,575
11,198
402,920
153
148
24,793
3,446
345
153
25,597
3,558
356
11,864
59,316
2,372,677
2,951
12,249
61,238
2,449,575
3,047
11,162
11,524
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 $153-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\11JAN1.SGM
11JAN1
Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices
1919
MAXIMUM CIVIL MONEY PENALTY AMOUNTS—Continued
Current maximum
CMP
(through January
14, 2024)
U.S. Code citation
Tier One CMP (others) ...................................................................................................................
Tier Two CMP (individuals) ............................................................................................................
Tier Two CMP (others) ...................................................................................................................
Tier Three CMP (individuals) .........................................................................................................
Tier Three CMP (others) ................................................................................................................
15 U.S.C. 1639e(k):
First violation ..................................................................................................................................
Subsequent violations ....................................................................................................................
31 U.S.C. 3802 ......................................................................................................................................
42 U.S.C. 4012a(f) .................................................................................................................................
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):
Tier One CMP ..................................................................................
Tier Two CMP ..................................................................................
Tier Three CMP 19 ............................................................................
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 8,
2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024–00409 Filed 1–10–24; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
ddrumheller on DSK120RN23PROD with NOTICES1
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
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
17:31 Jan 10, 2024
Jkt 262001
111,614
111,614
558,071
223,229
1,116,140
115,231
115,231
576,158
230,464
1,152,314
13,627
27,252
13,508
2,577
14,069
28,135
13,946
2,661
Current presumptive CMP
(through January 14, 2024)
CFR citation
Frm 00045
Fmt 4703
Adjusted presumptive CMP
(beginning January 15, 2024)
$651 ...............................................
1,302 ..............................................
$672.
1,344.
218 .................................................
433 .................................................
225.
447.
1,084 ..............................................
2,168 ..............................................
1,119.
2,238.
1/50,000th of the institution’s total
assets.
1/25,000th of the institution’s total
assets.
47,454 ............................................
1/50,000th of the institution’s total
assets.
1/25,000th of the institution’s total
assets.
48,992.
4,745 ..............................................
47,454 ............................................
2,372,677 .......................................
4,899.
48,992.
2,449,575.
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in the BHC Act
(12 U.S.C. 1842(c)).
Comments regarding each of these
applications must be received at the
PO 00000
Adjusted maximum
CMP 6
(beginning January
15, 2024)
Sfmt 4703
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than February 12, 2024.
A. Federal Reserve Bank of Cleveland
(Nadine M. Wallman, Vice President)
1455 East Sixth Street, Cleveland, Ohio
44114. Comments can also be sent
electronically to
comments.applications@clev.frb.org:
1. KFB Holdings, Inc., to become a
bank holding company by acquiring
Kentucky Farmers Bank Corporation,
both of Ashland, Kentucky.
B. Federal Reserve Bank of Kansas
City (Jeffrey Imgarten, Assistant Vice
President) One Memorial Drive, Kansas
City, Missouri 64198–0001. Comments
can also be sent electronically to
KCApplicationComments@kc.frb.org:
1. Prairie Bell Holdings, Inc., Tulsa,
Oklahoma; to become a bank holding
company by acquiring Spiro
Bancshares, Inc., and thereby indirectly
acquiring Spiro State Bank, both of
Spiro, Oklahoma.
E:\FR\FM\11JAN1.SGM
11JAN1
]]>Agencies
[Federal Register Volume 89, Number 8 (Thursday, January 11, 2024)]
[Notices]
[Pages 1917-1919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-00409]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
RIN 3064-ZA40
Notice of Inflation Adjustments for Civil Money Penalties
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice of monetary penalties 2024.
-----------------------------------------------------------------------
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, 2024, for
conduct occurring on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT: Graham N. Rehrig, Counsel, Legal
Division, 703-314-3401, [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
[[Page 1918]]
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-24-07, Implementation of Penalty Inflation
Adjustments for 2024, Pursuant to the Federal Civil Penalties
Inflation Adjustment Act Improvements Act of 2015 4 (Dec. 19, 2023),
https://www.whitehouse.gov/wp-content/uploads/2023/12/M-24-07-Implementation-of-Penalty-Inflation-Adjustments-for-2024.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 19, 2023, 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 2023 for FDIC-supervised
institutions and other parties subject to the FDIC's jurisdiction to
calculate the maximum amount of CMPs that may be assessed by the FDIC
in 2024.\5\ There were no new statutory CMPs administered by the FDIC
during 2023.
---------------------------------------------------------------------------
\4\ See OMB Guidance at 1 (providing an inflation multiplier of
1.03241).
\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, 2024--the effective date of the 2024
annual adjustments--under 12 CFR part 308, for conduct occurring on or
after November 2, 2015:
---------------------------------------------------------------------------
\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 $153-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.
Maximum Civil Money Penalty Amounts
------------------------------------------------------------------------
Current maximum Adjusted maximum CMP
U.S. Code citation CMP (through \6\ (beginning
January 14, 2024) January 15, 2024)
------------------------------------------------------------------------
12 U.S.C. 1464(v):
Tier One CMP \7\........... $4,745 $4,899
Tier Two CMP............... 47,454 48,992
Tier Three CMP \8\......... 2,372,677 2,449,575
12 U.S.C. 1467(d).............. 11,864 12,249
12 U.S.C. 1817(a):
Tier One CMP \9\........... 4,745 4,899
Tier Two CMP............... 47,454 48,992
Tier Three CMP \10\........ 2,372,677 2,449,575
12 U.S.C. 1817(c):
Tier One CMP............... 4,339 4,480
Tier Two CMP............... 43,377 44,783
Tier Three CMP \11\........ 2,168,915 2,239,210
12 U.S.C. 1817(j)(16):
Tier One CMP............... 11,864 12,249
Tier Two CMP............... 59,316 61,238
Tier Three CMP \12\........ 2,372,677 2,449,575
12 U.S.C. 1818(i)(2): \13\
Tier One CMP............... 11,864 12,249
Tier Two CMP............... 59,316 61,238
Tier Three CMP \14\........ 2,372,677 2,449,575
12 U.S.C. 1820(e)(4)........... 10,846 11,198
12 U.S.C. 1820(k)(6)........... 390,271 402,920
12 U.S.C. 1828(a)(3)........... 148 153
12 U.S.C. 1828(h): \15\
For assessments <$10,000... 148 153
12 U.S.C. 1829b(j)............. 24,793 25,597
12 U.S.C. 1832(c).............. 3,446 3,558
12 U.S.C. 1884................. 345 356
12 U.S.C. 1972(2)(F):
Tier One CMP............... 11,864 12,249
Tier Two CMP............... 59,316 61,238
Tier Three CMP \16\........ 2,372,677 2,449,575
12 U.S.C. 3909(d).............. 2,951 3,047
15 U.S.C. 78u-2:
Tier One CMP (individuals). 11,162 11,524
[[Page 1919]]
Tier One CMP (others)...... 111,614 115,231
Tier Two CMP (individuals). 111,614 115,231
Tier Two CMP (others)...... 558,071 576,158
Tier Three CMP 223,229 230,464
(individuals).............
Tier Three CMP (others).... 1,116,140 1,152,314
15 U.S.C. 1639e(k):
First violation............ 13,627 14,069
Subsequent violations...... 27,252 28,135
31 U.S.C. 3802................. 13,508 13,946
42 U.S.C. 4012a(f)............. 2,577 2,661
------------------------------------------------------------------------
------------------------------------------------------------------------
Current Adjusted
presumptive CMP presumptive CMP
CFR citation (through January (beginning January
14, 2024) 15, 2024)
------------------------------------------------------------------------
12 CFR 308.132(e)(1)(i):
Institutions with $25
million or more in assets.
1 to 15 days late....... $651.............. $672.
16 or more days late.... 1,302............. 1,344.
Institutions with less than
$25 million in assets.
1 to 15 days late \17\.. 218............... 225.
16 or more days late 433............... 447.
\18\.
12 CFR 308.132(e)(1)(ii):
Institutions with $25
million or more in assets.
1 to 15 days late....... 1,084............. 1,119.
16 or more days late.... 2,168............. 2,238.
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 institution's
total assets. total assets.
16 or more days late.... 1/25,000th of the 1/25,000th of the
institution's institution's
total assets. total assets.
12 CFR 308.132(e)(2)............ 47,454............ 48,992.
12 CFR 308.132(e)(3):
Tier One CMP................ 4,745............. 4,899.
Tier Two CMP................ 47,454............ 48,992.
Tier Three CMP \19\......... 2,372,677......... 2,449,575.
------------------------------------------------------------------------
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January 8, 2024.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2024-00409 Filed 1-10-24; 8:45 am]
BILLING CODE 6714-01-P
