Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Rules and Regulations 66599 

1Pub. L. 101–410, Oct. 5, 1990, 104 Stat. 890, 

codified at 28 U.S.C. 2461 note. 

2Pub. L. 114–74, Title VII, section 701(b), Nov. 

2, 2015, 129 Stat. 599, codified at 28 U.S.C. 2461 

note. 

3See 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. 4 82 FR 8584 (January 27, 2017). 

5 83 FR 1517 (January 12, 2018) (final rule); 83 FR 

1657 (Jan. 12, 2018) (2018 CMP Notice). 

6The inflation adjustment multiplier for 2019 is 

1.02522. See OMB Memorandum M–19–04, 

‘‘Implementation of Penalty Inflation Adjustments 

for 2019, Pursuant to the Federal Civil Penalties 

Inflation Adjust Act Improvements Act of 2015’’ at 

1 (Dec. 14, 2018). 

7Penalties 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. 

If the level of activity in the report was: And the report was filed late, the civil money penalty 

is: Or the report was not filed, the civil money penalty is: 

$950,000 or over ........................ [$10,901 + ($290 × Number of days late)] × [1 + (.25 

× Number of previous violations)].

$23,254 × [1 + (.25 × Number of previous violations)]. 

aThe civil money penalty for a respondent who does not have any previous violations will not exceed the level of activity in the report. 

(c) If the respondent fails to file a 

required report and the Commission 

cannot calculate the level of activity 

under paragraph (d) of this section, then 

the civil money penalty shall be $7,994. 

* * * * * 

§ 111.44 [Amended] 

■ 4. Amend § 111.44(a)(1) by removing 

‘‘$142’’ and adding in its place ‘‘$146’’. 

On behalf of the Commission. 

Dated: December 18, 2018. 

Caroline C. Hunter, 

Chair, Federal Election Commission. 

[FR Doc. 2018–27801 Filed 12–26–18; 8:45 am] 

BILLING CODE 6715–01–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Parts 19 and 109 

Notification of Inflation Adjustments 

for Civil Money Penalties 

AGENCY: Office of the Comptroller of the 

Currency, Treasury. 

ACTION: Notification of Monetary 

Penalties 2019. 

SUMMARY: The Office of the Comptroller 

of the Currency (OCC) is providing 

notice of its maximum civil money 

penalties as adjusted for inflation. The 

inflation adjustments are required to 

implement the Federal Civil Penalties 

Inflation Adjustment Act of 1990, as 

amended by the Federal Civil Penalties 

Inflation Adjustment Act Improvements 

Act of 2015. 

DATES: The adjusted maximum amount 

of civil money penalties in this 

document are applicable to penalties 

assessed on or after January 1, 2019, for 

conduct occurring on or after November 

2, 2015. 

FOR FURTHER INFORMATION CONTACT: Lee 

Walzer, Counsel, Chief Counsel’s Office, 

(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 document announces changes to 

the maximum amount of each civil 

money penalty (CMP) within the OCC’s 

jurisdiction to administer to account for 

inflation pursuant to the Federal Civil 

Penalties Inflation Adjustment Act of 

1990 (the 1990 Adjustment Act),1 as 

amended by the Federal Civil Penalties 

Inflation Adjustment Act Improvements 

Act of 2015 (the 2015 Adjustment Act).2

Under the 1990 Adjustment Act, as 

amended, federal agencies must make 

annual adjustments to the maximum 

amount of each CMP 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. 

To the extent an agency has codified 

a CMP amount in its regulations, the 

agency would need to update that 

amount by regulation. However, if an 

agency has codified the formula for 

making the CMP adjustments, then 

subsequent adjustments can be made 

solely by notice.3 In 2017, the OCC 

codified the formula for making CMP 

adjustments in its rules.4 In 2018, the 

OCC published a final regulation to 

remove the CMP amounts from its 

regulations, while updating those 

amounts for inflation through the notice 

process.5

On December 14, 2018, the OMB 

issued guidance to affected agencies on 

implementing the required annual 

adjustment, which included the relevant 

inflation multiplier.6 The OCC has 

applied that multiplier to the maximum 

CMPs allowable in 2018 for national 

banks and federal savings associations 

as listed in the 2018 CMP notice to 

calculate the maximum amount of CMPs 

that may be assessed by the OCC in 

2019.7 There were no new statutory 

CMPs administered by the OCC during 

2018. 

The following charts provide the 

inflation-adjusted CMPs for use 

beginning on January 1, 2019, pursuant 

to 12 CFR 19.240(b) and 109.103(c) for 

conduct occurring on or after November 

2, 2015: 

PENALTIES APPLICABLE TO NATIONAL BANKS

U.S. Code Citation Description and Tier 

(if applicable) 

Maximum 

Penalty Amount 

(in Dollars) 1

12 U.S.C. 93(b) ....................................... Violation of Various Provisions of the National Bank Act: 

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 

Tier 3 ........................................................................................................................ 2 2,013,399 

12 U.S.C. 164 .......................................... Violation of Reporting Requirements: 

Tier 1 ........................................................................................................................ 4,027 

Tier 2 ........................................................................................................................ 40,269 


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66600 Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Rules and Regulations 

PENALTIES APPLICABLE TO NATIONAL BANKS—Continued 

U.S. Code Citation Description and Tier 

(if applicable) 

Maximum 

Penalty Amount 

(in Dollars) 1

Tier 3 ........................................................................................................................ 2 2,013,399 

12 U.S.C. 481 .......................................... Refusal of Affiliate to Cooperate in Examination 10,067 

12 U.S.C. 504 .......................................... Violation of Various Provisions of the Federal Reserve Act: 

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 

Tier 3 ........................................................................................................................ 2 2,013,399 

12 U.S.C. 1817(j)(16) .............................. Violation of Change in Bank Control Act: 

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 

Tier 32 2,013,399.

12 U.S.C. 1818(i)(2) 3 .............................. Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty: ........

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 

Tier 3 ........................................................................................................................ 2 2,013,399 

12 U.S.C. 1820(k)(6)(A)(ii) ...................... Violation of Post-Employment Restrictions: 

Per violation 331,174 

12 U.S.C. 1832(c) ................................... Violation of Withdrawals by Negotiable or Transferable Instrument for Transfers 

to Third Parties: 

Per violation 2,924 

12 U.S.C. 1884 ........................................ Violation of the Bank Protection Act 292 

12 U.S.C. 1972(2)(F) ............................... Violation of Anti-Tying Provisions regarding Correspondent Accounts, Unsafe or 

Unsound Practices, or Breach of Fiduciary Duty: 

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 

Tier 3 ........................................................................................................................ 2 2,013,399 

12 U.S.C. 3110(a) ................................... Violation of Various Provisions of the International Banking Act (Federal 

Branches and Agencies): 

46,013 

12 U.S.C. 3110(c) ................................... Violation of Reporting Requirements of the International Banking Act (Federal 

Branches and Agencies):.

Tier 1 ........................................................................................................................ 3,682 

Tier 2 ........................................................................................................................ 36,809 

Tier 3 ........................................................................................................................ 2 1,840,491 

12 U.S.C. 3909(d)(1) ............................... Violation of International Lending Supervision Act 2,505 

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 ..................................................................... 9,472 

Tier 1 (other person)—Per violation ........................................................................ 94,713 

Tier 2 (natural person)—Per violation ..................................................................... 94,713 

Tier 2 (other person)—Per violation ........................................................................ 473,566 

Tier 3 (natural person)—Per violation ..................................................................... 189,427 

Tier 3 (other person)—Per violation ........................................................................ 947,130 

15 U.S.C. 1639e(k) ................................. Violation of Appraisal Independence Requirements: 

First violation ............................................................................................................ 11,563 

Subsequent violations .............................................................................................. 23,125 

42 U.S.C. 4012a(f)(5) .............................. Flood Insurance: ......................................................................................................

Per violation ............................................................................................................. 2,187

1The maximum penalty amount is per day, unless otherwise indicated. 

2The maximum penalty amount for a national bank is the lesser of this amount or 1 percent of total assets. 

3These amounts also apply to CMPs in statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108, 3349, 4309, and 4717 

and 15 U.S.C. 1607, 1693o, 1681s, 1691c, and 1692l. 

PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS

U.S. Code Citation CMP Description 

Maximum 

Penalty 

Amount 

(in Dollars) 1

12 U.S.C. 1464(v) ................................... Reports of Condition: 

1st Tier ..................................................................................................................... 4,027 

2nd Tier .................................................................................................................... 40,269 

3rd Tier .................................................................................................................... 2 2,013,399 

12 U.S.C. 1467(d) ................................... Refusal of Affiliate to Cooperate in Examination 10,067 

12 U.S.C. 1467a(r) .................................. Late/Inaccurate Reports: .........................................................................................

1st Tier ..................................................................................................................... 4,027 

2nd Tier .................................................................................................................... 40,269 

3rd Tier .................................................................................................................... 2 2,013,399 

12 U.S.C. 1817(j)(16) .............................. Violation of Change in Bank Control Act: 

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 


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Federal Register / Vol. 83, No. 247 / Thursday, December 27, 2018 / Rules and Regulations 66601 

PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS—Continued 

U.S. Code Citation CMP Description 

Maximum 

Penalty 

Amount 

(in Dollars) 1

Tier 3 ........................................................................................................................ 2 2,013,399 

12 U.S.C. 1818(i)(2) 3 .............................. Violation of Law, Unsafe or Unsound Practice, or Breach of Fiduciary Duty 

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 

Tier 3 ........................................................................................................................ 2 2,013,399 

12 U.S.C. 1820(k)(6)(A)(ii) ...................... Violation of Post-Employment Restrictions: 

Per violation ............................................................................................................. 331,174 

12 U.S.C. 1832(c) ................................... Violation of Withdrawals by Negotiable or Transferable Instruments for Transfers 

to Third Parties: 

Per violation ............................................................................................................. 2,658

12 U.S.C. 1884 ........................................ Violation of the Bank Protection Act ........................................................................ 292 

12 U.S.C. 1972(2)(F) ............................... Violation of Provisions regarding Correspondent Accounts, Unsafe or Unsound 

Practices, or Breach of Fiduciary Duty:.

Tier 1 ........................................................................................................................ 10,067 

Tier 2 ........................................................................................................................ 50,334 

Tier 3 ........................................................................................................................ 2 2,013,399 

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 .................................................................. 9,472 

1st Tier (other person)—Per violation ..................................................................... 94,713 

2nd Tier (natural person)—Per violation ................................................................. 94,713 

2nd Tier (other person)—Per violation .................................................................... 473,566 

3rd Tier (natural person)—Per violation .................................................................. 189,427 

3rd Tier (other person)—Per violation ..................................................................... 947,130 

15 U.S.C. 1639e(k) ................................. Violation of Appraisal Independence Requirements: 

First violation ............................................................................................................ 11,563 

Subsequent violations .............................................................................................. 23,125 

42 U.S.C. 4012a(f)(5) .............................. Flood Insurance: 

Per violation ............................................................................................................. 2,187

1The maximum penalty amount is per day, unless otherwise indicated. 

2The maximum penalty amount for a federal savings association is the lesser of this amount or 1 percent of total assets. 

3These 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: December 18, 2018. 

Bao Nguyen, 

Acting Senior Deputy Comptroller and Chief 

Counsel, Office of the Comptroller of the 

Currency. 

[FR Doc. 2018–27784 Filed 12–26–18; 8:45 am] 

BILLING CODE 4810–33–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

12 CFR Parts 25 and 195 

[Docket ID OCC–2018–0033] 

RIN 1557–AE54 

FEDERAL RESERVE SYSTEM 

12 CFR Part 228 

[Regulation BB; Docket No. R–1642] 

RIN 7100–AF32 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

12 CFR Part 345 

RIN 3064–AE97 

Community Reinvestment Act 

Regulations 

AGENCY: Office of the Comptroller of the 

Currency, Treasury (OCC); Board of 

Governors of the Federal Reserve 

System (Board); and Federal Deposit 

Insurance Corporation (FDIC). 

ACTION: Joint final rule; technical 

amendment. 

SUMMARY: The OCC, the Board, and the 

FDIC (collectively, the Agencies) are 

amending their Community 

Reinvestment Act (CRA) regulations to 

adjust the asset-size thresholds used to 

define ‘‘small bank’’ or ‘‘small savings 

association’’ and ‘‘intermediate small 

bank’’ or ‘‘intermediate small savings 

association.’’ As required by the CRA 

regulations, the adjustment to the 

threshold amount is based on the 

annual percentage change in the 

Consumer Price Index for Urban Wage 

Earners and Clerical Workers (CPI–W). 

DATES: Effective Date: January 1, 2019. 

FOR FURTHER INFORMATION CONTACT:

OCC: Emily Boyes, Senior Attorney or 

Daniel Sufranski, Attorney, Chief 

Counsel’s Office, (202) 649–5490; for 

persons who are deaf or hearing 

impaired, TTY, (202) 649–5597; or 

Vonda Eanes, Director for CRA and Fair 

Lending Policy, Compliance Risk Policy 

Division, (202) 649–5470, Office of the 

Comptroller of the Currency, 400 7th 

Street SW, Washington, DC 20219. 


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