83_FR_1666 83 FR 1657 - Notice of Inflation Adjustments for Civil Money Penalties

83 FR 1657 - Notice of Inflation Adjustments for Civil Money Penalties

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency

Federal Register Volume 83, Issue 9 (January 12, 2018)

Page Range1657-1659
FR Document2018-00521

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.

Federal Register, Volume 83 Issue 9 (Friday, January 12, 2018)
[Federal Register Volume 83, Number 9 (Friday, January 12, 2018)]
[Notices]
[Pages 1657-1659]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00521]


=======================================================================
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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Notice of Inflation Adjustments for Civil Money Penalties

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

ACTION: Notice of Monetary Penalties 2018.

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

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 
notice are applicable to penalties assessed on or after January 12, 
2018, for conduct occurring on or after November 2, 2015.

FOR FURTHER INFORMATION CONTACT: Kevin Korzeniewski, Counsel, 
Legislative and Regulatory Activities Division, (202) 649-5490, or, for 
persons who are deaf or hearing impaired, TTY, (202) 649-5597, Office 
of the Comptroller of the Currency.

SUPPLEMENTARY INFORMATION: This notice 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 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. 
The agencies are required to publish their CMPs, adjusted pursuant to 
the multiplier provided by OMB, by January 15 of the applicable year.
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    \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\ Contemporaneous with this notice, the OCC also submitted for 
publication a final regulation to remove the now-outdated CMP amounts

[[Page 1658]]

from its regulations, while updating those amounts for inflation 
through this notice.
---------------------------------------------------------------------------

    \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 notice rather than a regulation.
---------------------------------------------------------------------------

    On December 15, 2017, the OMB issued guidance to affected agencies 
on implementing the required annual adjustment, which included the 
relevant inflation multiplier. The OCC has applied that multiplier to 
the maximum CMPs allowable in 2017 for national banks and federal 
savings associations in 12 CFR 19.240(c) and 109.103(c), respectively, 
to calculate the maximum amount of CMPs that may be assessed by the OCC 
in 2018.\4\
---------------------------------------------------------------------------

    \4\ 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 12, 2018, pursuant to 12 CFR 19.240(c) and 
109.103(c) 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..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 164..................  Violation of Reporting
                                  Requirements:
                                    Tier 1..............           3,928
                                    Tier 2..............          39,278
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 481..................  Refusal of Affiliate to           9,819
                                  Cooperate in
                                  Examination.
12 U.S.C. 504..................  Violation of Various
                                  Provisions of the
                                  Federal Reserve Act:
                                    Tier 1..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 1817(j)(16)..........  Violation of Change in
                                  Bank Control Act:
                                    Tier 1..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 1818(i)(2) \3\.......  Violation of Law,
                                  Unsafe or Unsound
                                  Practice, or Breach of
                                  Fiduciary Duty:
                                    Tier 1..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 1820(k)(6)(A)(ii)....  Violation of Post-
                                  Employment
                                  Restrictions:
                                    Per violation.......         323,027
12 U.S.C. 1832(c)..............  Violation of
                                  Withdrawals by
                                  Negotiable or
                                  Transferable
                                  Instrument for
                                  Transfers to Third
                                  Parties:
                                    Per violation.......           2,852
12 U.S.C. 1884.................     Violation of the                 285
                                     Bank 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..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 3110(a)..............  Violation of Various             44,881
                                  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..............           3,591
                                    Tier 2..............          35,904
                                    Tier 3..............   \2\ 1,795,216
12 U.S.C. 3909(d)(1)...........  Violation of                      2,443
                                  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                9,239
                                     person)--Per
                                     violation.
                                    Tier 1 (other                 92,383
                                     person)--Per
                                     violation.
                                    Tier 2 (natural               92,383
                                     person)--Per
                                     violation.
                                    Tier 2 (other                461,916
                                     person)--Per
                                     violation.
                                    Tier 3 (natural              184,767
                                     person)--Per
                                     violation.
                                    Tier 3 (other                923,831
                                     person)--Per
                                     violation.
15 U.S.C. 1639e(k).............  Violation of Appraisal
                                  Independence
                                  Requirements:
                                    First violation.....          11,279
                                    Subsequent                    22,556
                                     violations.
42 U.S.C. 4012a(f)(5)..........  Flood Insurance:
                                    Per violation.......           2,133
------------------------------------------------------------------------
\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.


[[Page 1659]]


          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:
                                    1st Tier............           3,928
                                    2nd Tier............          39,278
                                    3rd Tier............   \2\ 1,963,870
12 U.S.C. 1467(d)..............  Refusal of Affiliate to           9,819
                                  Cooperate in
                                  Examination.
12 U.S.C. 1467a(r).............  Late/Inaccurate
                                  Reports:
                                    1st Tier............           3,928
                                    2nd Tier............          39,278
                                    3rd Tier............   \2\ 1,963,870
12 U.S.C. 1817(j)(16)..........  Violation of Change in
                                  Bank Control Act:
                                    Tier 1..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 1818(i)(2) \3\.......  Violation of Law,
                                  Unsafe or Unsound
                                  Practice, or Breach of
                                  Fiduciary Duty:
                                    Tier 1..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
12 U.S.C. 1820(k)(6)(A)(ii)....  Violation of Post-
                                  Employment
                                  Restrictions:
                                    Per violation.......         323,027
12 U.S.C. 1832(c)..............  Violation of                      2,593
                                  Withdrawals by
                                  Negotiable or
                                  Transferable
                                  Instruments for
                                  Transfers to Third
                                  Parties:
                                    Per violation.......
12 U.S.C. 1884.................  Violation of the Bank               285
                                  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..............           9,819
                                    Tier 2..............          49,096
                                    Tier 3..............   \2\ 1,963,870
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:
                                    1st Tier (natural              9,239
                                     person)--Per
                                     violation.
                                    1st Tier (other               92,383
                                     person)--Per
                                     violation.
                                    2nd Tier (natural             92,383
                                     person)--Per
                                     violation.
                                    2nd Tier (other              461,916
                                     person)--Per
                                     violation.
                                    3rd Tier (natural            184,767
                                     person)--Per
                                     violation.
                                    3rd Tier (other              923,831
                                     person)--Per
                                     violation.
15 U.S.C. 1639e(k).............  Violation of Appraisal
                                  Independence
                                  Requirements:
                                    First violation.....          11,279
                                    Subsequent                    22,556
                                     violations.
42 U.S.C. 4012a(f)(5)..........  Flood Insurance:
                                    Per violation.......           2,133
------------------------------------------------------------------------
\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.


    Dated: January 9, 2018.
Karen Solomon,
Acting Senior Deputy Comptroller and Chief Counsel, Office of the 
Comptroller of the Currency.
[FR Doc. 2018-00521 Filed 1-11-18; 8:45 am]
 BILLING CODE 4810-33-P



                                                                                Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices                                                      1657

                                                Borough, Clinton County, Pa. Renewal                    withdrawal of up to 0.500 mgd (peak                    penalties as adjusted for inflation. The
                                                of groundwater withdrawal of up to                      day) (Docket No. 20131210).                            inflation adjustments are required to
                                                0.220 mgd (30-day average) from Well 2                    12. Project Sponsor and Facility:                    implement the Federal Civil Penalties
                                                (Docket No. 19870602).                                  Village of Waverly, Tioga County, N.Y.                 Inflation Adjustment Act of 1990, as
                                                  2. Project Sponsor and Facility: Cabot                Groundwater withdrawal of up to 0.320                  amended by the Federal Civil Penalties
                                                Oil & Gas Corporation (Meshoppen                        mgd (30-day average) from Well 1.                      Inflation Adjustment Act Improvements
                                                Creek), Lemon Township, Wyoming                           13. Project Sponsor and Facility:                    Act of 2015.
                                                County, Pa. Modification to increase                    Village of Waverly, Tioga County, N.Y.                 DATES: The adjusted maximum amount
                                                surface water withdrawal by an                          Groundwater withdrawal of up to 0.480                  of civil money penalties in this notice
                                                additional 0.500 mgd (peak day), for a                  mgd (30-day average) from Well 2.                      are applicable to penalties assessed on
                                                total surface water withdrawal of up to                   14. Project Sponsor and Facility:                    or after January 12, 2018, for conduct
                                                1.000 mgd (peak day) (Docket No.                        Village of Waverly, Tioga County, N.Y.                 occurring on or after November 2, 2015.
                                                20170302).                                              Groundwater withdrawal of up to 0.470
                                                                                                                                                               FOR FURTHER INFORMATION CONTACT:
                                                  3. Project Sponsor and Facility:                      mgd (30-day average) from Well 3.
                                                                                                                                                               Kevin Korzeniewski, Counsel,
                                                Chesapeake Appalachia, L.L.C.                           Project Applications Tabled                            Legislative and Regulatory Activities
                                                (Susquehanna River), Athens Township,                                                                          Division, (202) 649–5490, or, for persons
                                                                                                          The Commission tabled action on the
                                                Bradford County, Pa. Renewal of surface                                                                        who are deaf or hearing impaired, TTY,
                                                                                                        following project applications:
                                                water withdrawal of up to 0.750 mgd                                                                            (202) 649–5597, Office of the
                                                                                                          1. Project Sponsor and Facility:
                                                (peak day) (Docket No. 20131202).                                                                              Comptroller of the Currency.
                                                                                                        Brymac, Inc. dba Mountain View
                                                  4. Project Sponsor and Facility:                      Country Club (Pond 3/4), Harris                        SUPPLEMENTARY INFORMATION: This
                                                Houtzdale Municipal Authority, Gulich                   Township, Centre County, Pa.                           notice announces changes to the
                                                Township, Clearfield County, Pa.                        Application for surface water                          maximum amount of each civil money
                                                Groundwater withdrawal of up to 1.008                   withdrawal of up to 0.240 mgd (peak                    penalty (CMP) within the OCC’s
                                                mgd (30-day average) from Well 14R.                     day).                                                  jurisdiction to administer to account for
                                                  5. Project Sponsor and Facility: LHP                    2. Project Sponsor and Facility: Cabot               inflation pursuant to the Federal Civil
                                                Management, LLC (Fishing Creek), Bald                   Oil & Gas Corporation (East Branch                     Penalties Inflation Adjustment Act of
                                                Eagle Township, Clinton County, Pa.                     Tunkhannock Creek), Lenox Township,                    1990 (the 1990 Adjustment Act),1 as
                                                Surface water withdrawal of up to 0.999                 Susquehanna County, Pa. Application                    amended by the Federal Civil Penalties
                                                mgd (peak day).                                         for surface water withdrawal of up to                  Inflation Adjustment Act Improvements
                                                  6. Project Sponsor and Facility:                      1.000 mgd (peak day).                                  Act of 2015 (the 2015 Adjustment Act).2
                                                Martinsburg Municipal Authority, North                    3. Project Sponsor and Facility:                     Under the 1990 Adjustment Act, as
                                                Woodbury Township, Blair County, Pa.                    Schuylkill Energy Resources, Inc.,                     amended, federal agencies must make
                                                Renewal of groundwater withdrawal of                    Mahanoy Township, Schuylkill County,                   annual adjustments to the maximum
                                                up to 0.346 mgd (30-day average) from                   Pa. Application for renewal of                         amount of each CMP the agency
                                                Wineland Well 3 (Docket No.                             groundwater withdrawal of up to 5.000                  administers. The Office of Management
                                                19870304).                                              mgd (30-day average) from Maple Hill                   and Budget (OMB) is required to issue
                                                  7. Project Sponsor and Facility:                      Mine Shaft Well (Docket No. 19870101).                 guidance to federal agencies no later
                                                Borough of Mifflinburg, West Buffalo                      4. Project Sponsor and Facility:                     than December 15 of each year
                                                Township, Union County, Pa.                             Schuylkill Energy Resources, Inc.,                     providing an inflation adjustment
                                                Modification to request a reduction in                  Mahanoy Township, Schuylkill County,                   multiplier (i.e. the inflation adjustment
                                                the withdrawal rate of Well PW–2 from                   Pa. Application for renewal of                         factor agencies must use) applicable to
                                                0.554 mgd to 0.396 mgd (30-day                          consumptive use of up to 2.550 mgd                     CMPs assessed in the following year.
                                                average), and to eliminate wetlands                     (peak day) (Docket No. 19870101).                      The agencies are required to publish
                                                monitoring condition (Docket No.                                                                               their CMPs, adjusted pursuant to the
                                                                                                           Authority: Pub. L. 91–575, 84 Stat. 1509
                                                20141203).                                              et seq., 18 CFR parts 806, 807, and 808.               multiplier provided by OMB, by January
                                                  8. Project Sponsor and Facility:                                                                             15 of the applicable year.
                                                Repsol Oil & Gas USA, LLC (Choconut                       Dated: January 9, 2018.
                                                                                                                                                                 To the extent an agency has codified
                                                Creek), Choconut Township,                              Stephanie L. Richardson,                               a CMP amount in its regulations, the
                                                Susquehanna County, Pa. Renewal of                      Secretary to the Commission.                           agency would need to update that
                                                surface water withdrawal of up to 0.999                 [FR Doc. 2018–00466 Filed 1–11–18; 8:45 am]            amount by regulation. However, if an
                                                mgd (peak day) (Docket No. 20131211).                   BILLING CODE 7040–01–P                                 agency has codified the formula for
                                                  9. Project Sponsor: SUEZ Water                                                                               making the CMP adjustments, then
                                                Pennsylvania Inc. Project Facility:                                                                            subsequent adjustments can be made
                                                Shavertown Operation, Dallas                            DEPARTMENT OF THE TREASURY                             solely by notice.3 Contemporaneous
                                                Township, Luzerne County, Pa.                                                                                  with this notice, the OCC also submitted
                                                Groundwater withdrawal of up to 0.288                   Office of the Comptroller of the                       for publication a final regulation to
                                                mgd (30-day average) from the Salla                     Currency                                               remove the now-outdated CMP amounts
                                                Well.
                                                  10. Project Sponsor and Facility: SWN                 Notice of Inflation Adjustments for                       1 Public Law 101–410, Oct. 5, 1990, 104 Stat. 890,

                                                Production Company, LLC (Lycoming                       Civil Money Penalties                                  codified at 28 U.S.C. 2461 note.
                                                                                                                                                                  2 Public Law 114–74, Title VII, section 701(b),
                                                Creek), Lewis Township, Lycoming
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                        AGENCY: Office of the Comptroller of the               Nov. 2, 2015, 129 Stat. 599, codified at 28 U.S.C.
                                                County, Pa. Renewal of surface water                    Currency, Treasury.                                    2461 note.
                                                withdrawal of up to 0.500 mgd (peak                     ACTION: Notice of Monetary Penalties                      3 See OMB Memorandum M–18–03,

                                                day) (Docket No. 20131209).                             2018.                                                  ‘‘Implementation of the 2018 annual adjustment
                                                  11. Project Sponsor and Facility: SWN                                                                        pursuant to the Federal Civil Penalties Inflation
                                                                                                                                                               Adjustment Act Improvements Act of 2015,’’ at 4,
                                                Production Company, LLC (Lycoming                       SUMMARY:   The Office of the Comptroller               which permits agencies that have codified the
                                                Creek), McIntyre Township, Lycoming                     of the Currency (OCC) is providing                     formula to adjust CMPs for inflation to update the
                                                County, Pa. Renewal of surface water                    notice of its maximum civil money                      penalties through a notice rather than a regulation.



                                           VerDate Sep<11>2014   17:47 Jan 11, 2018   Jkt 244001   PO 00000   Frm 00053   Fmt 4703   Sfmt 4703   E:\FR\FM\12JAN1.SGM   12JAN1


                                                1658                                  Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices

                                                from its regulations, while updating                               applied that multiplier to the maximum                                         The following charts provide the
                                                those amounts for inflation through this                           CMPs allowable in 2017 for national                                         inflation-adjusted CMPs for use
                                                notice.                                                            banks and federal savings associations                                      beginning on January 12, 2018, pursuant
                                                   On December 15, 2017, the OMB                                   in 12 CFR 19.240(c) and 109.103(c),                                         to 12 CFR 19.240(c) and 109.103(c) for
                                                issued guidance to affected agencies on                            respectively, to calculate the maximum                                      conduct occurring on or after November
                                                implementing the required annual                                   amount of CMPs that may be assessed                                         2, 2015:
                                                adjustment, which included the relevant                            by the OCC in 2018.4
                                                inflation multiplier. The OCC has

                                                                                                              PENALTIES APPLICABLE TO NATIONAL BANKS
                                                                                                                                                                                                                                                  Maximum
                                                                                                                                                             Description and tier                                                                  penalty
                                                                U.S. Code citation                                                                             (if applicable)                                                                     amount
                                                                                                                                                                                                                                                (in Dollars) 1

                                                12 U.S.C. 93(b) .........................................   Violation of Various Provisions of the National Bank Act:
                                                                                                                 Tier 1 .....................................................................................................................           9,819
                                                                                                                 Tier 2 .....................................................................................................................          49,096
                                                                                                                 Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 164 ...........................................   Violation of Reporting Requirements:
                                                                                                                 Tier 1 .....................................................................................................................           3,928
                                                                                                                 Tier 2 .....................................................................................................................          39,278
                                                                                                                 Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 481 ...........................................   Refusal of Affiliate to Cooperate in Examination .........................................................                                  9,819
                                                12 U.S.C. 504 ...........................................   Violation of Various Provisions of the Federal Reserve Act:
                                                                                                                 Tier 1 .....................................................................................................................           9,819
                                                                                                                 Tier 2 .....................................................................................................................          49,096
                                                                                                                 Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 1817(j)(16) ...............................       Violation of Change in Bank Control Act:
                                                                                                                 Tier 1 .....................................................................................................................           9,819
                                                                                                                 Tier 2 .....................................................................................................................          49,096
                                                                                                                 Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 1818(i)(2) 3 ...............................      Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty:
                                                                                                                 Tier 1 .....................................................................................................................           9,819
                                                                                                                 Tier 2 .....................................................................................................................          49,096
                                                                                                                 Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 1820(k)(6)(A)(ii) ........................        Violation of Post-Employment Restrictions:
                                                                                                                 Per violation ..........................................................................................................             323,027
                                                12 U.S.C. 1832(c) .....................................     Violation of Withdrawals by Negotiable or Transferable Instrument for Transfers to
                                                                                                              Third Parties:
                                                                                                                 Per violation ..........................................................................................................                2,852
                                                12 U.S.C. 1884 .........................................         Violation of the Bank Protection Act .....................................................................                                285
                                                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 .....................................................................................................................           9,819
                                                                                                                 Tier 2 .....................................................................................................................          49,096
                                                                                                                 Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 3110(a) .....................................     Violation of Various Provisions of the International Banking Act (Federal Branches                                                         44,881
                                                                                                              and Agencies)
                                                12 U.S.C. 3110(c) .....................................     Violation of Reporting Requirements of the International Banking Act (Federal
                                                                                                              Branches and Agencies):
                                                                                                                 Tier 1 .....................................................................................................................           3,591
                                                                                                                 Tier 2 .....................................................................................................................          35,904
                                                                                                                 Tier 3 .....................................................................................................................     2 1,795,216

                                                12 U.S.C. 3909(d)(1) ................................       Violation of International Lending Supervision Act ......................................................                                   2,443
                                                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 person)—Per violation ..................................................................                               9,239
                                                                                                                 Tier 1 (other person)—Per violation .....................................................................                             92,383
                                                                                                                 Tier 2 (natural person)—Per violation ..................................................................                              92,383
                                                                                                                 Tier 2 (other person)—Per violation .....................................................................                            461,916
                                                                                                                 Tier 3 (natural person)—Per violation ..................................................................                             184,767
                                                                                                                 Tier 3 (other person)—Per violation .....................................................................                            923,831
                                                15 U.S.C. 1639e(k) ...................................      Violation of Appraisal Independence Requirements:
                                                                                                                 First violation .........................................................................................................             11,279
                                                                                                                 Subsequent violations ...........................................................................................                     22,556
                                                42 U.S.C. 4012a(f)(5) ...............................       Flood Insurance:
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                                 Per violation ..........................................................................................................                2,133
                                                   1 Themaximum 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.

                                                  4 Penalties assessed for violations occurring prior              maximum amounts set forth in the OCC’s                                      regulations in effect prior to the enactment of the
                                                to November 2, 2015, will be subject to the                                                                                                    2015 Adjustment Act.



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                                                                                      Federal Register / Vol. 83, No. 9 / Friday, January 12, 2018 / Notices                                                                                          1659

                                                                                                PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS
                                                                                                                                                                                                                                                 Maximum
                                                                                                                                                                                                                                                  penalty
                                                               U.S. Code citation                                                                             CMP Description                                                                     amount
                                                                                                                                                                                                                                               (in Dollars) 1

                                                12 U.S.C. 1464(v) .....................................    Reports of Condition:
                                                                                                                1st Tier ..................................................................................................................            3,928
                                                                                                                2nd Tier .................................................................................................................            39,278
                                                                                                                3rd Tier ..................................................................................................................      2 1,963,870

                                                12 U.S.C. 1467(d) .....................................    Refusal of Affiliate to Cooperate in Examination .........................................................                                  9,819
                                                12 U.S.C. 1467a(r) ...................................     Late/Inaccurate Reports:
                                                                                                                1st Tier ..................................................................................................................            3,928
                                                                                                                2nd Tier .................................................................................................................            39,278
                                                                                                                3rd Tier ..................................................................................................................      2 1,963,870

                                                12 U.S.C. 1817(j)(16) ...............................      Violation of Change in Bank Control Act:
                                                                                                                Tier 1 .....................................................................................................................           9,819
                                                                                                                Tier 2 .....................................................................................................................          49,096
                                                                                                                Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 1818(i)(2) 3 ...............................     Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty:
                                                                                                                Tier 1 .....................................................................................................................           9,819
                                                                                                                Tier 2 .....................................................................................................................          49,096
                                                                                                                Tier 3 .....................................................................................................................     2 1,963,870

                                                12 U.S.C. 1820(k)(6)(A)(ii) ........................       Violation of Post-Employment Restrictions:
                                                                                                                Per violation ..........................................................................................................             323,027
                                                12 U.S.C. 1832(c) .....................................    Violation of Withdrawals by Negotiable or Transferable Instruments for Transfers to                                                         2,593
                                                                                                             Third Parties:
                                                                                                                Per violation.
                                                12 U.S.C. 1884 .........................................   Violation of the Bank Protection Act ............................................................................                              285
                                                12 U.S.C. 1972(2)(F) ................................      Violation of Provisions regarding Correspondent Accounts, Unsafe or Unsound
                                                                                                             Practices, or Breach of Fiduciary Duty:
                                                                                                                Tier 1 .....................................................................................................................           9,819
                                                                                                                Tier 2 .....................................................................................................................          49,096
                                                                                                                Tier 3 .....................................................................................................................     2 1,963,870

                                                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:
                                                                                                                1st Tier (natural person)—Per violation ................................................................                               9,239
                                                                                                                1st Tier (other person)—Per violation ..................................................................                              92,383
                                                                                                                2nd Tier (natural person)—Per violation ..............................................................                                92,383
                                                                                                                2nd Tier (other person)—Per violation .................................................................                              461,916
                                                                                                                3rd Tier (natural person)—Per violation ...............................................................                              184,767
                                                                                                                3rd Tier (other person)—Per violation ..................................................................                             923,831
                                                15 U.S.C. 1639e(k) ...................................     Violation of Appraisal Independence Requirements:
                                                                                                                First violation .........................................................................................................             11,279
                                                                                                                Subsequent violations ...........................................................................................                     22,556
                                                42 U.S.C. 4012a(f)(5) ...............................      Flood Insurance:
                                                                                                                Per violation ..........................................................................................................                2,133
                                                   1 Themaximum 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.


                                                  Dated: January 9, 2018.                                         SUMMARY:   The Department of the                                            Budget, Attention: Desk Officer for
                                                Karen Solomon,                                                    Treasury will submit the following                                          Treasury, New Executive Office
                                                Acting Senior Deputy Comptroller and Chief                        information collection requests to the                                      Building, Room 10235, Washington, DC
                                                Counsel, Office of the Comptroller of the                         Office of Management and Budget                                             20503, or email at OIRA_Submission@
                                                Currency.                                                         (OMB) for review and clearance in                                           OMB.EOP.gov and (2) Treasury PRA
                                                [FR Doc. 2018–00521 Filed 1–11–18; 8:45 am]                       accordance with the Paperwork                                               Clearance Officer, 1750 Pennsylvania
                                                BILLING CODE 4810–33–P                                            Reduction Act of 1995, on or after the                                      Ave. NW, Suite 8142, Washington, DC
                                                                                                                  date of publication of this notice. The                                     20220, or email at PRA@treasury.gov.
                                                                                                                  public is invited to submit comments on
                                                DEPARTMENT OF THE TREASURY                                        these requests.                                                             FOR FURTHER INFORMATION CONTACT:
                                                                                                                  DATES: Comments should be received on
                                                                                                                                                                                              Copies of the submissions may be
                                                Agency Information Collection                                                                                                                 obtained from Jennifer Quintana by
                                                                                                                  or before February 12, 2018 to be
sradovich on DSK3GMQ082PROD with NOTICES




                                                Activities; Submission for OMB                                                                                                                emailing PRA@treasury.gov, calling
                                                                                                                  assured of consideration.
                                                Review; Comment Request; Multiple                                                                                                             (202) 622–0489, or viewing the entire
                                                IRS Information Collection Requests                               ADDRESSES: Send comments regarding
                                                                                                                                                                                              information collection request at
                                                                                                                  the burden estimate, or any other aspect
                                                                                                                  of the information collection, including                                    www.reginfo.gov.
                                                AGENCY:Departmental Offices, U.S.
                                                Department of the Treasury.                                       suggestions for reducing the burden, to                                     SUPPLEMENTARY INFORMATION:
                                                                                                                  (1) Office of Information and Regulatory
                                                ACTION:     Notice.
                                                                                                                  Affairs, Office of Management and


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Document Created: 2018-10-26 09:52:03
Document Modified: 2018-10-26 09:52:03
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice of Monetary Penalties 2018.
DatesThe adjusted maximum amount of civil money penalties in this notice are applicable to penalties assessed on or after January 12, 2018, for conduct occurring on or after November 2, 2015.
ContactKevin Korzeniewski, Counsel, Legislative and Regulatory Activities Division, (202) 649-5490, or, for persons who are deaf or hearing impaired, TTY, (202) 649-5597, Office of the Comptroller of the Currency.
FR Citation83 FR 1657 

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