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e-CFR data is current as of August 6, 2020

Title 12Chapter IISubchapter APart 263Subpart C → §263.65


Title 12: Banks and Banking
PART 263—RULES OF PRACTICE FOR HEARINGS
Subpart C—Rules and Procedures for Assessment and Collection of Civil Money Penalties


§263.65   Civil money penalty inflation adjustments.

(a) Inflation adjustments. In accordance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which further amended the Federal Civil Penalties Inflation Adjustment Act of 1990, the Board has set forth in paragraph (b) of this section the adjusted maximum amounts for each civil money penalty provided by law within the Board's jurisdiction. The authorizing statutes contain the complete provisions under which the Board may seek a civil money penalty. The adjusted civil money penalties apply only to penalties assessed on or after January 14, 2020, whose associated violations occurred on or after November 2, 2015.

(b) Maximum civil money penalties. The maximum (or, in the cases of 12 U.S.C. 334 and 1832(c), fixed) civil money penalties as set forth in the referenced statutory sections are set forth in the table in this paragraph (b).

Table 1 to Paragraph (b)

StatuteAdjusted civil money penalty
12 U.S.C. 324:
Inadvertently late or misleading reports, inter alia$4,098
Other late or misleading reports, inter alia40,979
Knowingly or reckless false or misleading reports, inter alia2,048,915
12 U.S.C. 334297
12 U.S.C. 374a297
12 U.S.C. 504:
First Tier10,245
Second Tier51,222
Third Tier2,048,915
12 U.S.C. 505:
First Tier10,245
Second Tier51,222
Third Tier2,048,915
12 U.S.C. 1464(v)(4)4,098
12 U.S.C. 1464(v)(5)40,979
12 U.S.C. 1464(v)(6)2,048,915
12 U.S.C. 1467a(i)(2)51,222
12 U.S.C. 1467a(i)(3)51,222
12 U.S.C. 1467a(r):
First Tier4,098
Second Tier40,979
Third Tier2,048,915
12 U.S.C. 1817(j)(16):
First Tier10,245
Second Tier51,222
Third Tier2,048,915
12 U.S.C. 1818(i)(2):
First Tier10,245
Second Tier51,222
Third Tier2,048,915
12 U.S.C. 1820(k)(6)(A)(ii)337,016
12 U.S.C. 1832(c)2,976
12 U.S.C. 1847(b)51,222
12 U.S.C. 1847(d):
First Tier4,098
Second Tier40,979
Third Tier2,048,915
12 U.S.C. 1884297
12 U.S.C. 1972(2)(F):
First Tier10,245
Second Tier51,222
Third Tier2,048,915
12 U.S.C. 3110(a)46,825
12 U.S.C. 3110(c):
First Tier3,747
Second Tier37,458
Third Tier1,872,957
12 U.S.C. 3909(d)2,549
15 U.S.C. 78u-2(b)(1):
For a natural person9,639
For any other person96,384
15 U.S.C. 78u-2(b)(2):
For a natural person96,384
For any other person481,920
15 U.S.C. 78u-2(b)(3):
For a natural person192,768
For any other person963,837
15 U.S.C. 1639e(k)(1)11,767
15 U.S.C. 1639e(k)(2)23,533
42 U.S.C. 4012a(f)(5)2,226

[85 FR 2007, Jan. 14, 2020]

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