Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices 1917 

1Public Law 101–410, 104 Stat. 890, codified at 

28 U.S.C. 2461 note. 

2Public Law 114–74, 701(b), 129 Stat. 599, 

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

Act (PRA) of 1995, the Federal 

Communications Commission (FCC or 

the Commission) invites the general 

public and other Federal agencies to 

take this opportunity to comment on the 

following information collection. 

Comments are requested concerning: 

whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

the accuracy of the Commission’s 

burden estimate; ways to enhance the 

quality, utility, and clarity of the 

information collected; ways to minimize 

the burden of the collection of 

information on the respondents, 

including the use of automated 

collection techniques or other forms of 

information technology; and ways to 

further reduce the information 

collection burden on small business 

concerns with fewer than 25 employees. 

DATES: Written PRA comments should 

be submitted on or before March 11, 

2024. If you anticipate that you will be 

submitting comments, but find it 

difficult to do so within the period of 

time allowed by this notice, you should 

advise the contact listed below as soon 

as possible. 

ADDRESSES: Direct all PRA comments to 

Nicole Ongele, FCC, via email PRA@

fcc.gov and to nicole.ongele@fcc.gov. 

FOR FURTHER INFORMATION CONTACT: For 

additional information about the 

information collection, contact Nicole 

Ongele, (202) 418–2991. 

SUPPLEMENTARY INFORMATION: The FCC 

may not conduct or sponsor a collection 

of information unless it displays a 

currently valid control number. No 

person shall be subject to any penalty 

for failing to comply with a collection 

of information subject to the PRA that 

does not display a valid Office of 

Management and Budget (OMB) control 

number. 

OMB Control Number: 3060–1046. 

Title: Part 64, Modernization of 

Payphone Compensation Rules, et al., 

WC Docket No. 17–141, et al. 

Form Number: N/A. 

Type of Review: Extension of a 

currently approved collection. 

Respondents: Business or other forprofit. 

Number of Respondents and 

Responses: 216 respondents; 1,456 

responses. 

Estimated Time per Response: 0.50– 

122 hours. 

Frequency of Response: On occasion, 

one-time, and quarterly reporting 

requirements; third party disclosure 

requirements; and recordkeeping 

requirement. 

Obligation to Respond: Required to 

obtain or retain benefits. Statutory 

authority for this information collection 

is contained in 47 U.S.C. 151, 154 and 

276. 

Total Annual Burden: 22,524 hours. 

Total Annual Cost: No cost. 

Needs and Uses: Section 276 of the 

Communications Act, as amended (the 

Act), requires that the Federal 

Communications Commission 

(Commission or FCC) establish rules 

ensuring that payphone service 

providers or PSPs are ‘‘fairly 

compensated’’ for each and every 

completed payphone-originated call. 

The Commission’s Payphone 

Compensation Rules satisfy section 276 

by identifying the party liable for 

compensation and establishing a 

mechanism for PSPs to be paid. A 2003 

Report and Order (FCC 03–235) 

established detailed rules (Payphone 

Compensation Rules) ensuring that 

payphone service providers or PSPs are 

‘‘fairly compensated’’ for each and every 

completed payphone-originated call 

pursuant to section 276 of the 

Communications Act, as amended (the 

Act), which the Commission revised in 

a 2018 Report and Order (FCC 18–21). 

The Payphone Compensation Rules 

satisfy section 276 by identifying the 

party liable for compensation and 

establishing a mechanism for PSPs to be 

paid. The Payphone Compensation 

Rules: (1) place liability to compensate 

PSPs for payphone-originated calls on 

the facilities-based long distance 

carriers or switch-based resellers (SBRs) 

from whose switches such calls are 

completed; (2) define these responsible 

carriers as ‘‘Completing Carriers’’ and 

require them to develop their own 

system of tracking calls to completion; 

(3) require Completing Carriers to file 

with PSPs a quarterly report and also 

submit an attestation by a company 

official, including but not limited to the 

chief financial officer (CFO), that the 

payment amount for that quarter is 

accurate and is based on 100% of all 

completed calls; (4) require quarterly 

reporting obligations for other facilitiesbased long distance carriers in the call 

path, if any, and define these carriers as 

‘‘Intermediate Carriers;’’ and (5) give 

parties flexibility to agree to alternative 

compensation arrangements (ACA) so 

that small Completing Carriers may 

avoid the expense of instituting a 

tracking system. The revisions adopted 

in the 2018 Report and Order 

significantly decreased the paperwork 

burden on carriers. 

Federal Communications Commission. 

Marlene Dortch, 

Secretary, Office of the Secretary. 

[FR Doc. 2024–00379 Filed 1–10–24; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

RIN 3064–ZA40 

Notice of Inflation Adjustments for 

Civil Money Penalties 

AGENCY: Federal Deposit Insurance 

Corporation. 

ACTION: Notice of monetary penalties 

2024. 

SUMMARY: The Federal Deposit 

Insurance Corporation is providing 

notice of its maximum civil money 

penalties as adjusted for inflation. 

DATES: The adjusted maximum amounts 

of civil money penalties in this notice 

are applicable to penalties assessed after 

January 15, 2024, for conduct occurring 

on or after November 2, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Graham N. Rehrig, Counsel, Legal 

Division, 703–314–3401, grehrig@

fdic.gov; Federal Deposit Insurance 

Corporation, 550 17th Street NW, 

Washington, DC 20429. 

SUPPLEMENTARY INFORMATION: This 

notice announces changes to the 

maximum amount of each civil money 

penalty (CMP) within the Federal 

Deposit Insurance Corporation’s (FDIC) 

jurisdiction to administer to account for 

inflation under the Federal Civil 

Penalties Inflation Adjustment Act of 

1990 (1990 Adjustment Act),1 as 

amended by the Federal Civil Penalties 

Inflation Adjustment Act Improvements 

Act of 2015 (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. 

Agencies are required to publish their 

CMPs, adjusted under the multiplier 

provided by the OMB, by January 15 of 

the applicable year. Agencies like the 

FDIC that have codified the statutory 


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1918 Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices 

3See Office of Mgmt. & Budget, Exec. Office of 

the President, OMB Memorandum No. M–24–07, 

Implementation of Penalty Inflation Adjustments 

for 2024, Pursuant to the Federal Civil Penalties 

Inflation Adjustment Act Improvements Act of 2015 

4 (Dec. 19, 2023), https://www.whitehouse.gov/wpcontent/uploads/2023/12/M-24-07-Implementationof-Penalty-Inflation-Adjustments-for-2024.pdf 

(OMB Guidance); see also 12 CFR 308.132(d) (FDIC 

regulation that guides readers to the Federal 

Register to see the annual notice of CMP inflation 

adjustments). 

4See OMB Guidance at 1 (providing an inflation 

multiplier of 1.03241). 5Penalties assessed for violations occurring prior 

to November 2, 2015, will be subject to the 

maximum amounts set forth in the FDIC’s 

regulations in effect prior to the enactment of the 

2015 Adjustment Act. 6The maximum penalty amount is per day, 

unless otherwise indicated. 7 12 U.S.C. 1464(v) provides the maximum CMP 

amounts for the late filing of certain Call Reports. 

In 2012, however, the FDIC issued regulations that 

further subdivided these amounts based upon the 

size of the institution and the lateness of the filing. 

See 77 FR 74573, 74576–78 (Dec. 17, 2012), 

codified at 12 CFR 308.132(e)(1). These adjusted 

subdivided amounts are found at the end of this 

chart. 

8The maximum penalty amount for an institution 

is the lesser of this amount or 1 percent of total 

assets. 

9 12 U.S.C. 1817(a) provides the maximum CMP 

amounts for the late filing of certain Call Reports. 

In 1991, however, the FDIC issued regulations that 

further subdivided these amounts based upon the 

size of the institution and the lateness of the filing. 

See 56 FR 37968, 37992–93 (Aug. 9, 1991), codified 

at 12 CFR 308.132(e)(1). These adjusted subdivided 

amounts are found at the end of this chart. 

10The maximum penalty amount for an 

institution is the lesser of this amount or 1 percent 

of total assets. 

11The maximum penalty amount for an 

institution is the lesser of this amount or 1 percent 

of total assets. 

12The maximum penalty amount for an 

institution is the lesser of this amount or 1 percent 

of total assets. 

13These amounts also apply to CMPs in statutes 

that cross-reference 12 U.S.C. 1818, such as 12 

U.S.C. 2601, 2804(b), 3108(b), 3349(b), 4009(a), 

4309(a), 4717(b); 15 U.S.C. 1607(a), 1681s(b), 

1691(b), 1691c(a), 1693o(a); and 42 U.S.C. 3601. 

14The maximum penalty amount for an 

institution is the lesser of this amount or 1 percent 

of total assets. 

15The $153-per-day maximum CMP under 12 

U.S.C. 1828(h) for failure or refusal to pay any 

assessment applies only when the assessment is 

less than $10,000. When the amount of the 

assessment is $10,000 or more, the maximum CMP 

under section 1828(h) is 1 percent of the amount 

of the assessment for each day that the failure or 

refusal continues. 

16The maximum penalty amount for an 

institution is the lesser of this amount or 1 percent 

of total assets. 

formula for making the CMP 

adjustments may make annual inflation 

adjustments by providing notice in the 

Federal Register.3

On December 19, 2023, the OMB 

issued guidance to affected agencies on 

implementing the required annual 

adjustment, which guidance included 

the relevant inflation multiplier.4 The 

FDIC has applied that multiplier to the 

maximum CMPs allowable in 2023 for 

FDIC-supervised institutions and other 

parties subject to the FDIC’s jurisdiction 

to calculate the maximum amount of 

CMPs that may be assessed by the FDIC 

in 2024.5 There were no new statutory 

CMPs administered by the FDIC during 

2023. 

The following charts provide the 

inflation-adjusted maximum CMP 

amounts for use after January 15, 2024— 

the effective date of the 2024 annual 

adjustments—under 12 CFR part 308, 

for conduct occurring on or after 

November 2, 2015: 

MAXIMUM CIVIL MONEY PENALTY AMOUNTS

U.S. Code citation 

Current maximum 

CMP 

(through January 

14, 2024) 

Adjusted maximum 

CMP6

(beginning January 

15, 2024) 

12 U.S.C. 1464(v): 

Tier One CMP7 .............................................................................................................................. $4,745 $4,899 

Tier Two CMP ................................................................................................................................ 47,454 48,992 

Tier Three CMP8 ............................................................................................................................ 2,372,677 2,449,575 

12 U.S.C. 1467(d) .................................................................................................................................. 11,864 12,249 

12 U.S.C. 1817(a): 

Tier One CMP9 .............................................................................................................................. 4,745 4,899 

Tier Two CMP ................................................................................................................................ 47,454 48,992 

Tier Three CMP10 .......................................................................................................................... 2,372,677 2,449,575 

12 U.S.C. 1817(c): 

Tier One CMP ................................................................................................................................ 4,339 4,480 

Tier Two CMP ................................................................................................................................ 43,377 44,783 

Tier Three CMP11 .......................................................................................................................... 2,168,915 2,239,210 

12 U.S.C. 1817(j)(16): 

Tier One CMP ................................................................................................................................ 11,864 12,249 

Tier Two CMP ................................................................................................................................ 59,316 61,238 

Tier Three CMP12 .......................................................................................................................... 2,372,677 2,449,575 

12 U.S.C. 1818(i)(2): 13

Tier One CMP ................................................................................................................................ 11,864 12,249 

Tier Two CMP ................................................................................................................................ 59,316 61,238 

Tier Three CMP14 .......................................................................................................................... 2,372,677 2,449,575 

12 U.S.C. 1820(e)(4) ............................................................................................................................. 10,846 11,198 

12 U.S.C. 1820(k)(6) ............................................................................................................................. 390,271 402,920 

12 U.S.C. 1828(a)(3) ............................................................................................................................. 148 153 

12 U.S.C. 1828(h): 15

For assessments <$10,000 ............................................................................................................ 148 153 

12 U.S.C. 1829b(j) ................................................................................................................................. 24,793 25,597 

12 U.S.C. 1832(c) .................................................................................................................................. 3,446 3,558 

12 U.S.C. 1884 ...................................................................................................................................... 345 356 

12 U.S.C. 1972(2)(F): 

Tier One CMP ................................................................................................................................ 11,864 12,249 

Tier Two CMP ................................................................................................................................ 59,316 61,238 

Tier Three CMP16 .......................................................................................................................... 2,372,677 2,449,575 

12 U.S.C. 3909(d) .................................................................................................................................. 2,951 3,047 

15 U.S.C. 78u–2: 

Tier One CMP (individuals) ............................................................................................................ 11,162 11,524 


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Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices 1919 

17The maximum penalty amount for an 

institution is the greater of this amount or 1/ 

100,000th of the institution’s total assets. 

18The maximum penalty amount for an 

institution is the greater of this amount or 1/ 

50,000th of the institution’s total assets. 

19The maximum penalty amount for an 

institution is the lesser of this amount or 1 percent 

of total assets. 

MAXIMUM CIVIL MONEY PENALTY AMOUNTS—Continued 

U.S. Code citation 

Current maximum 

CMP 

(through January 

14, 2024) 

Adjusted maximum 

CMP6

(beginning January 

15, 2024) 

Tier One CMP (others) ................................................................................................................... 111,614 115,231 

Tier Two CMP (individuals) ............................................................................................................ 111,614 115,231 

Tier Two CMP (others) ................................................................................................................... 558,071 576,158 

Tier Three CMP (individuals) ......................................................................................................... 223,229 230,464 

Tier Three CMP (others) ................................................................................................................ 1,116,140 1,152,314 

15 U.S.C. 1639e(k): 

First violation .................................................................................................................................. 13,627 14,069 

Subsequent violations .................................................................................................................... 27,252 28,135 

31 U.S.C. 3802 ...................................................................................................................................... 13,508 13,946 

42 U.S.C. 4012a(f) ................................................................................................................................. 2,577 2,661 

CFR citation Current presumptive CMP 

(through January 14, 2024) 

Adjusted presumptive CMP 

(beginning January 15, 2024) 

12 CFR 308.132(e)(1)(i): 

Institutions with $25 million or more in assets. 

1 to 15 days late ....................................................................... $651 ............................................... $672. 

16 or more days late ................................................................. 1,302 .............................................. 1,344. 

Institutions with less than $25 million in assets. 

1 to 15 days late 17 ................................................................... 218 ................................................. 225. 

16 or more days late 18 ............................................................. 433 ................................................. 447. 

12 CFR 308.132(e)(1)(ii): 

Institutions with $25 million or more in assets. 

1 to 15 days late ....................................................................... 1,084 .............................................. 1,119. 

16 or more days late ................................................................. 2,168 .............................................. 2,238. 

Institutions with less than $25 million in assets. 

1 to 15 days late ....................................................................... 1/50,000th of the institution’s total 

assets.

1/50,000th of the institution’s total 

assets. 

16 or more days late ................................................................. 1/25,000th of the institution’s total 

assets.

1/25,000th of the institution’s total 

assets. 

12 CFR 308.132(e)(2) ............................................................................. 47,454 ............................................ 48,992. 

12 CFR 308.132(e)(3): 

Tier One CMP .................................................................................. 4,745 .............................................. 4,899. 

Tier Two CMP .................................................................................. 47,454 ............................................ 48,992. 

Tier Three CMP19 ............................................................................ 2,372,677 ....................................... 2,449,575. 

Federal Deposit Insurance Corporation. 

Dated at Washington, DC, on January 8, 

2024. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–00409 Filed 1–10–24; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR part 

225), and all other applicable statutes 

and regulations to become a bank 

holding company and/or to acquire the 

assets or the ownership of, control of, or 

the power to vote shares of a bank or 

bank holding company and all of the 

banks and nonbanking companies 

owned by the bank holding company, 

including the companies listed below. 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington, DC 20551–0001, not later 

than February 12, 2024. 

A. Federal Reserve Bank of Cleveland 

(Nadine M. Wallman, Vice President) 

1455 East Sixth Street, Cleveland, Ohio 

44114. Comments can also be sent 

electronically to 

comments.applications@clev.frb.org: 

1. KFB Holdings, Inc., to become a 

bank holding company by acquiring 

Kentucky Farmers Bank Corporation, 

both of Ashland, Kentucky. 

B. Federal Reserve Bank of Kansas 

City (Jeffrey Imgarten, Assistant Vice 

President) One Memorial Drive, Kansas 

City, Missouri 64198–0001. Comments 

can also be sent electronically to 

KCApplicationComments@kc.frb.org: 

1. Prairie Bell Holdings, Inc., Tulsa, 

Oklahoma; to become a bank holding 

company by acquiring Spiro 

Bancshares, Inc., and thereby indirectly 

acquiring Spiro State Bank, both of 

Spiro, Oklahoma. 


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