872 Federal Register / Vol. 89, No. 5 / Monday, January 8, 2024 / Rules and Regulations 

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 notice 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 2024 is 

1.03241. See OMB Memorandum M–24–07, 

Implementation of Penalty Inflation Adjustments 

for 2024, Pursuant to the Federal Civil Penalties 

Inflation Adjustment Act Improvements Act of 2015 

(Dec. 19, 2023). 

6See 88 FR 289 (Jan. 4, 2023). 

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. 

request reconsideration of the recapture 

determination, an owner/operator must 

submit to the Department a written 

request that includes: 

(1) An explanation of why the owner/ 

operator believes all or some of the 

credits (and the value of any credits 

previously paid) should not be subject 

to recapture; and 

(2) Supporting information and 

calculations. 

(c) Notification of final amount 

subject to recapture. Unless the 

Department extends the time period, 

within 60 days of receipt of an owner/ 

operator’s request for reconsideration 

provided pursuant to paragraph (b) of 

this section, the owner/operator will be 

notified of the Department’s decision to 

affirm, withdraw, or modify the notice 

of recapture. The notification will 

include an explanation of the decision, 

including responses to the owner/ 

operator’s supporting reasons and 

consideration of additional information 

provided. 

(d) Effectiveness of recapture. (1) If 

the owner/operator has not requested 

reconsideration as provided in 

paragraph (b) of this section; 

(i) The credits will be deemed to be 

recaptured as of the date of the 

notification provided by the Secretary 

pursuant to paragraph (a) of this section 

and the owner/operator will have no 

further right or claim to those credits; 

and 

(ii) The owner/operator shall repay to 

the Department the value of credits that 

the Department has paid to the owner/ 

operator and that are subject to 

recapture under § 612.4 within 30 

calendar days of the date of notification 

provided by the Department pursuant to 

paragraph (a) of this section. 

(2) If the owner/operator has 

requested reconsideration as provided 

in paragraph (b) of this section; 

(i) The credits will be deemed to be 

recaptured as of the date of the 

notification provided by the Department 

pursuant to paragraph (c) of this section 

and the owner/operator will have no 

further right or claim to those credits; 

and 

(ii) The owner/operator shall pay to 

the Department the value of credits that 

the Department has previously paid to 

the owner/operator and that are subject 

to recapture under § 612.4 within 30 

calendar days of the date of notification 

provided by the Department pursuant to 

paragraph (c) of this section. 

(e) Notice. Notices issued by the 

Department under this section shall be 

made public by the Department, with 

the exception of any data or supporting 

documentation constituting confidential 

business information not subject to 

disclosure. 

§ 612.6 Petition to the Department’s Office 

of Hearings and Appeals. 

In order to exhaust its administrative 

remedies, an owner/operator who is 

aggrieved by the Secretary’s decision to 

affirm, withdraw, or modify the notice 

of recapture as provided in § 612.5(c) 

may file a petition with the 

Department’s Office of Hearings and 

Appeals in accordance with 10 CFR 

1003.11 not later than thirty days after 

notification of the Department’s 

decision. 

[FR Doc. 2024–00153 Filed 1–5–24; 8:45 am] 

BILLING CODE 6450–01–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 2024. 

SUMMARY: This document announces 

changes to the Office of the Comptroller 

of the Currency’s (OCC) 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 8, 2024 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 

the OMB, by January 15 of the 

applicable year. 

To the extent an agency codified a 

CMP amount in its regulations, the 

agency would need to update that 

amount by regulation. However, if an 

agency codified a formula for making 

the CMP adjustments, then subsequent 

adjustments can be made solely by 

notice.3 In 2018, the OCC published a 

final regulation that removed the CMP 

amounts from its regulations while 

updating the CMP amounts for inflation 

through the notice process.4

On December 19, 2023, the OMB 

issued guidance to affected agencies on 

implementing the required annual 

adjustment, which included the relevant 

inflation multiplier.5 The OCC has 

applied that multiplier to the maximum 

CMPs allowable in 2023 for national 

banks and Federal savings associations 

as listed in the 2023 CMP notice 6 to 

calculate the maximum amount of CMPs 

that may be assessed by the OCC in 

2024.7 There were no new statutory 

CMPs administered by the OCC during 

2023. 

The following charts provide the 

inflation-adjusted CMPs for use 

beginning on January 8, 2024, pursuant 

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


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Federal Register / Vol. 89, No. 5 / Monday, January 8, 2024 / Rules and Regulations 873 

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 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

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

Tier 1 ....................................................................................................................................... 4,899 

Tier 2 ....................................................................................................................................... 48,992 

Tier 3 ....................................................................................................................................... 2 2,449,575 

12 U.S.C. 481 ......................... Refusal of Affiliate to Cooperate in Examination ........................................................................... 12,249 

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

Tier 1 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

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

Tier 1 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

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

Tier 1 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

12 U.S.C. 1820(k)(6)(A)(ii) ...... Violation of Post-Employment Restrictions: Per violation .............................................................. 402,920 

12 U.S.C. 1832(c) ................... Violation of Withdrawals by Negotiable or Transferable Instrument for Transfers to Third Parties: Per violation.3,558 

12 U.S.C. 1884 ....................... Violation of the Bank Protection Act .............................................................................................. 356 

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 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

12 U.S.C. 3110(a) ................... Violation of Various Provisions of the International Banking Act (Federal Branches and Agencies).55,981 

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

Agencies): 

Tier 1 ....................................................................................................................................... 4,480 

Tier 2 ....................................................................................................................................... 44,783 

Tier 3 ....................................................................................................................................... 2 2,239,210 

12 U.S.C. 3909(d)(1) .............. Violation of International Lending Supervision Act ........................................................................ 3,047 

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 .................................................................................... 11,524

Tier 1 (other person)—Per violation ....................................................................................... 115,231 

Tier 2 (natural person)—Per violation .................................................................................... 115,231 

Tier 2 (other person)—Per violation ....................................................................................... 576,158 

Tier 3 (natural person)—Per violation .................................................................................... 230,464 

Tier 3 (other person)—Per violation ....................................................................................... 1,152,314 

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

First violation ........................................................................................................................... 14,069 

Subsequent violations ............................................................................................................. 28,135 

42 U.S.C. 4012a(f)(5) ............. Flood Insurance: Per violation ....................................................................................................... 2,661 

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) 8

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

1st Tier .................................................................................................................................... 4,899 

2nd Tier ................................................................................................................................... 48,992 

3rd Tier .................................................................................................................................... 2 2,449,575 


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874 Federal Register / Vol. 89, No. 5 / Monday, January 8, 2024 / Rules and Regulations 

PENALTIES APPLICABLE TO FEDERAL SAVINGS ASSOCIATIONS—Continued 

U.S. Code citation CMP description 

Maximum 

penalty 

amount 

(in dollars) 8

12 U.S.C. 1467(d) ................... Refusal of Affiliate to Cooperate in Examination ........................................................................... 12,249 

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

1st Tier .................................................................................................................................... 4,899 

2nd Tier ................................................................................................................................... 48,992 

3rd Tier .................................................................................................................................... 2 2,449,575 

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

Tier 1 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

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

Tier 1 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

12 U.S.C. 1820(k)(6)(A)(ii) ...... Violation of Post-Employment Restrictions: Per violation .............................................................. 402,920 

12 U.S.C. 1832(c) ................... Violation of Withdrawals by Negotiable or Transferable Instruments for Transfers to Third Parties: Per violation.3,234 

12 U.S.C. 1884 ....................... Violation of the Bank Protection Act .............................................................................................. 356 

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

Breach of Fiduciary Duty: 

Tier 1 ....................................................................................................................................... 12,249 

Tier 2 ....................................................................................................................................... 61,238 

Tier 3 ....................................................................................................................................... 2 2,449,575 

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 .................................................................................. 11,524

1st Tier (other person)—Per violation .................................................................................... 115,231 

2nd Tier (natural person)—Per violation ................................................................................ 115,231 

2nd Tier (other person)—Per violation ................................................................................... 576,158

3rd Tier (natural person)—Per violation ................................................................................. 230,464

3rd Tier (other person)—Per violation .................................................................................... 1,152,314 

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

First violation ........................................................................................................................... 14,069 

Subsequent violations ............................................................................................................. 28,135 

42 U.S.C. 4012a(f)(5) ............. Flood Insurance: Per violation ....................................................................................................... 2,661 

8The 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. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

[FR Doc. 2024–00097 Filed 1–5–24; 8:45 am] 

BILLING CODE 4810–33–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 52 

[EPA–R09–OAR–2022–0925; FRL–10943– 

02–R9] 

Air Quality Implementation Plan; 

California; Great Basin Unified Air 

Pollution Control District; Stationary 

Source Permits 

Correction 

In Rule Document 2023–27889, 

appearing on pages 88255 to 88257 in 

the issue of Wednesday, December 21, 

2023, make the following correction: 

§ 52.220 Identification of plan-in part. 

[Corrected] 

■ On page 88257, in the second column, 

beginning on the thirty-fifth line, the 

entry ‘‘(ii)’’ should read ‘‘(i)’’. 

■ On the same page, in the same 

column, beginning on the thirty-eighth 

line, the entry ‘‘(ii)’’ should read ‘‘(1)’’. 

[FR Doc. C1–2023–27889 Filed 1–5–24; 8:45 am] 

BILLING CODE 0099–10–P 

FEDERAL COMMUNICATIONS 

COMMISSION 

47 CFR Part 15 

[ET Docket No. 18–295 and GN Docket No. 

17–183; FCC 23–86; FR ID 190574] 

Unlicensed Use of the 6 GHz Band; 

and Expanding Flexible Use in MidBand Spectrum Between 3.7 and 24 

GHz 

AGENCY: Federal Communications 

Commission. 

ACTION: Final rule. 

SUMMARY: In this document, the Federal 

Communications Commission 

(Commission) builds on the 6 GHz band 

unlicensed rules by permitting very low 

power (VLP) devices in the U–NII–5 

(5.925–6.425 MHz) and U–NII–7 (6.525– 

6.875 MHz) portions of the 6 GHz band. 

The Commission will limit VLP devices 

to low power levels and subject them to 

other technical and operational 

requirements that will permit these 

devices to operate across the United 

States while protecting incumbent 

licensed services that operate in the 6 

GHz band from harmful interference. 

The Commission also takes action in a 

Memorandum Opinion and Order on 

Remand that addresses a remand from 

the United States Court of Appeals for 

the District of Columbia Circuit 

concerning an issue raised by television 

broadcasters. The Commission finds 

that broadcasters’ unsubstantiated 

claims of interference in the 2.4 GHz 


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