Federal Register / Vol. 85, No. 251 / Thursday, December 31, 2020 / Rules and Regulations 86795 

1Public Law 101–410, Oct. 5, 1990, 104 Stat. 890, 

codified at 28 U.S.C. 2461 note. 2Public Law 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 notification rather than a 

regulation. 

4 83 FR 1517 (Jan. 12, 2018) (final rule); 83 FR 

1657 (Jan. 12, 2018) (2018 CMP Notice). 5The inflation adjustment multiplier for 2021 is 

1.01182 . See OMB Memorandum M–21–10, 

Continued 

IX. Congressional Review Act 

This final rule is a rule as defined in 

the Congressional Review Act (5 U.S.C. 

801–808). However, the Office of 

Management and Budget has not found 

it to be a ‘‘major rule’’ as defined by that 

act. 

List of Subjects in 10 CFR Part 110 

Administrative practice and 

procedure, Classified information, 

Criminal penalties, Exports, Imports, 

Intergovernmental relations, Nuclear 

energy, Nuclear materials, Nuclear 

power plants and reactors, Penalties, 

Reporting and recordkeeping 

requirements, Scientific equipment. 

For the reasons set out in the 

preamble and under the authority of the 

Atomic Energy Act of 1954, as amended; 

the Energy Reorganization Act of 1974, 

as amended; and 5 U.S.C. 552 and 553, 

the NRC is adopting the following 

amendments to 10 CFR part 110: 

PART 110—EXPORT AND IMPORT OF 

NUCLEAR EQUIPMENT AND 

MATERIAL 

■ 1. The authority citation for part 110 

continues to read as follows: 

Authority: Atomic Energy Act of 1954, 

secs. 11, 51, 53, 54, 57, 62, 63, 64, 65, 81, 

82, 103, 104, 109, 111, 121, 122, 123, 124, 

126, 127, 128, 129, 133, 134, 161, 170h, 181, 

182, 183, 184, 186, 187, 189, 223, 234 (42 

U.S.C. 2014, 2071, 2073, 2074, 2077, 2092, 

2093, 2094, 2095, 2111, 2112, 2133, 2134, 

2139, 2141, 2151, 2152, 2153, 2154, 2155, 

2156, 2157, 2158, 2160c, 2160d, 2201, 2210h, 

2231, 2232, 2233, 2234, 2236, 2237, 2239, 

2273, 2282); Energy Reorganization Act of 

1974, sec. 201 (42 U.S.C. 5841); 

Administrative Procedure Act (5 U.S.C. 552, 

553); 42 U.S.C. 2139a, 2155a; 44 U.S.C. 3504 

note. 

Section 110.1(b) also issued under 22 

U.S.C. 2403; 22 U.S.C. 2778a; 50 App. U.S.C. 

2401 et seq. 

■ 2. In § 110.21, revise paragraph (b)(3) 

to read as follows: 

§ 110.21 General license for the export of 

special nuclear material. 

* * * * * 

(b) * * * 

(3) Uranium, enriched to less than 20 

percent in uranium–235, in the form of 

uranium hexafluoride (UF6) heels in 

cylinders being returned to suppliers in 

EURATOM or the United Kingdom. 

* * * * * 

■ 3. In § 110.40, revise paragraph (b)(3) 

to read as follows: 

§ 110.40 Commission review. 

* * * * * 

(b) * * * 

(3) An export involving assistance to 

end uses related to isotope separation, 

chemical reprocessing, heavy water 

production, advanced reactors, or the 

fabrication of nuclear fuel containing 

plutonium, except for exports of source 

material or low-enriched uranium to 

EURATOM, the United Kingdom, or 

Japan for enrichment up to 5 percent in 

the isotope uranium–235, and those 

categories of exports which the 

Commission has approved in advance as 

constituting permitted incidental 

assistance. 

* * * * * 

■ 4. In § 110.41, revise paragraph (a)(6) 

to read as follows: 

§ 110.41 Executive Branch review. 

(a) * * * 

(6) An export involving assistance to 

end uses related to isotope separation, 

chemical reprocessing, heavy water 

production, advanced reactors, or the 

fabrication of nuclear fuel containing 

plutonium, except for exports of source 

material or low-enriched uranium to 

EURATOM, the United Kingdom, or 

Japan for enrichment up to 5 percent in 

the isotope uranium–235, and those 

categories of exports approved in 

advance by the Executive Branch as 

constituting permitted incidental 

assistance. 

* * * * * 

Dated: December 14, 2020. 

For the Nuclear Regulatory Commission. 

Margaret M. Doane, 

Executive Director for Operations. 

[FR Doc. 2020–27816 Filed 12–30–20; 8:45 am] 

BILLING CODE 7590–01–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 2021. 

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, 2021, for 

conduct occurring on or after November 

2, 2015. 

FOR FURTHER INFORMATION CONTACT: Lee 

Walzer, Counsel, Chief Counsel’s Office, 

(202) 649–5490, 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 they administer. 

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 2018, the OCC 

published a final regulation to remove 

the CMP amounts from its regulations, 

while updating those amounts for 

inflation through the notification 

process.4

On December 23, 2020, the OMB 

issued guidance to affected agencies on 

implementing the required annual 

adjustment, which included the relevant 

inflation multiplier.5 The OCC has 


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86796 Federal Register / Vol. 85, No. 251 / Thursday, December 31, 2020 / Rules and Regulations 

Implementation of Penalty Inflation Adjustments 

for 2021, Pursuant to the Federal Civil Penalties 

Inflation Adjustment Act Improvements Act of 2015 

(Dec. 23, 2020). 

6See 84 FR 71735 (Dec. 30, 2019). 

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. 

applied that multiplier to the maximum 

CMPs allowable in 2020 for national 

banks and Federal savings associations 

as listed in the 2020 CMP notification 6

to calculate the maximum amount of 

CMPs that may be assessed by the OCC 

in 2021.7 There were no new statutory 

CMPs administered by the OCC during 

2020. 

The following charts provide the 

inflation-adjusted CMPs for use 

beginning on January 1, 2021, pursuant 

to 12 CFR 19.240(b) and 109.103(c)(2) 

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 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

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

Tier 1 .......................................................................................................................................... 4,146 

Tier 2 .......................................................................................................................................... 41,463 

Tier 3 .......................................................................................................................................... 2 2,073,133 

12 U.S.C. 481 ....................................................... Refusal of Affiliate to Cooperate in Examination .............................................................................. 10,366 

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

Tier 1 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

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

Tier 1 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

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

Tier 1 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

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

Per violation ................................................................................................................................ 341,000 

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

Per violation ................................................................................................................................ 3,011 

12 U.S.C. 1884 ..................................................... Violation of the Bank Protection Act ................................................................................................. 301 

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 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

12 U.S.C. 3110(a) ................................................. Violation of Various Provisions of the International Banking Act (Federal Branches and Agencies): 47,378 

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

Agencies): 

Tier 1 .......................................................................................................................................... 3,791 

Tier 2 .......................................................................................................................................... 37,901 

Tier 3 .......................................................................................................................................... 2 1,895,095 

12 U.S.C. 3909(d)(1) ............................................ Violation of International Lending Supervision Act ........................................................................... 2,579 

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 ........................................................................................ 9,753 

Tier 1 (other person)—Per violation ........................................................................................... 97,523 

Tier 2 (natural person)—Per violation ........................................................................................ 97,523 

Tier 2 (other person)—Per violation ........................................................................................... 487,616 

Tier 3 (natural person)—Per violation ........................................................................................ 195,047 

Tier 3 (other person)—Per violation ........................................................................................... 975,230 

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

First violation .............................................................................................................................. 11,906 

Subsequent violations ................................................................................................................ 23,811 

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

Per violation ................................................................................................................................ 2,252 

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: 


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Federal Register / Vol. 85, No. 251 / Thursday, December 31, 2020 / Rules and Regulations 86797 

PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS—Continued 

U.S. Code citation CMP description 

Maximum 

penalty 

amount 

(in dollars) 1

1st Tier ....................................................................................................................................... 4,146 

2nd Tier ...................................................................................................................................... 41,463 

3rd Tier ....................................................................................................................................... 2 2,073,133 

12 U.S.C. 1467(d) ................................................. Refusal of Affiliate to Cooperate in Examination .............................................................................. 10,366 

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

1st Tier ....................................................................................................................................... 4,146 

2nd Tier ...................................................................................................................................... 41,463 

3rd Tier ....................................................................................................................................... 2 2,073,133 

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

Tier 1 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

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

Tier 1 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

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

Per violation ................................................................................................................................ 341,000 

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

Per violation ................................................................................................................................ 2,737 

12 U.S.C. 1884 ..................................................... Violation of the Bank Protection Act ................................................................................................. 301 

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

Breach of Fiduciary Duty: 

Tier 1 .......................................................................................................................................... 10,366 

Tier 2 .......................................................................................................................................... 51,827 

Tier 3 .......................................................................................................................................... 2 2,073,133 

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: 

Tier 1 (natural person)—Per violation ........................................................................................ 9,753 

Tier 1 (other person)—Per violation ........................................................................................... 97,523 

Tier 2 (natural person)—Per violation ........................................................................................ 97,523 

Tier 2 (other person)—Per violation ........................................................................................... 487,616 

Tier 3 (natural person)—Per violation ........................................................................................ 195,047 

Tier 3 (other person)—Per violation ........................................................................................... 975,230 

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

First violation .............................................................................................................................. 11,906 

Subsequent violations ................................................................................................................ 23,811 

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

Per violation ................................................................................................................................ 2,252 

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. 

Jonathan V. Gould, 

Senior Deputy Comptroller and Chief 

Counsel, Office of the Comptroller of the 

Currency. 

[FR Doc. 2020–28942 Filed 12–30–20; 8:45 am] 

BILLING CODE 4810–33–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

12 CFR Part 701 

RIN 3133–AF24 

Fees Paid by Federal Credit Unions 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Final rule. 

SUMMARY: The NCUA Board (Board) is 

amending its regulation governing 

assessment of an annual operating fee to 

Federal credit unions (FCUs). First, for 

purposes of calculating the annual 

operating fee, the final rule amends the 

current rule to exclude from total assets 

any loan an FCU reports under the 

Small Business Administration’s 

Paycheck Protection Program (PPP) or 

similar future programs approved for 

exclusion by the NCUA Board. Second, 

the final rule deletes from the current 

regulation references to the Credit 

Union System Investment Program and 

the Credit Union Homeowners 

Affordability Relief Program, both of 

which no longer exist. Third, the final 

rule amends the period used for the 

calculation of an FCU’s total assets. 

Currently, total assets are calculated 

using the FCU’s December 31st Call 

Report of the preceding year. Under the 

final rule, total assets will be calculated 

as the average total assets reported on 

the FCU’s previous four Call Reports 

available at the time the NCUA Board 

approves the agency’s budget for the 

upcoming year, adjusted for any 

excludable programs as determined by 

the Board. Finally, the final rule makes 

some minor technical changes. 

DATES: This final rule is effective on 

February 1, 2021. 

FOR FURTHER INFORMATION CONTACT: 

James Holm, Supervisory Budget 

Analyst, Office of the Chief Financial 

Officer, at (703) 518–6570; Kevin 

Tuininga, Associate General Counsel, or 

John H. Brolin, Senior Staff Attorney, 

Office of General Counsel, at (703) 518– 

6540; or by mail at 1775 Duke Street, 

Alexandria, VA 22314. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

II. Legal Authority 

III. Summary of the Proposal and Public 

Comments 

IV. Summary of the Final Rule 

V. Regulatory Procedures 


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