3212 Federal Register / Vol. 90, No. 8 / Tuesday, January 14, 2025 / Notices 

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. 

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

the President, OMB Memorandum No. M–25–02, 

Implementation of Penalty Inflation Adjustments 

for 2025, Pursuant to the Federal Civil Penalties 

Inflation Adjustment Act Improvements Act of 2015 

4 (Dec. 17, 2024), https://www.whitehouse.gov/wpcontent/uploads/2024/12/M-25-02.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 2 (providing an inflation 

multiplier of 1.02598). 

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. 

Federal Communications Commission. 

Marlene Dortch, 

Secretary, Office of the Secretary. 

[FR Doc. 2025–00647 Filed 1–13–25; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

RIN 3064–ZA44 

Notice of Inflation Adjustments for 

Civil Money Penalties 

AGENCY: Federal Deposit Insurance 

Corporation. 

ACTION: Notice of monetary penalties for 

2025. 

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, 2025, for conduct occurring 

on or after November 2, 2015. 

FOR FURTHER INFORMATION CONTACT: 

Graham N. Rehrig, Acting Deputy 

Regional Counsel, Legal Division, 703– 

314–3401, grehrig@fdic.gov; Federal 

Deposit Insurance Corporation, 15 

Braintree Hill Office Park, Braintree, 

MA 02184–8701. 

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 (that is, the inflationadjustment 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 

formula for making the CMP 

adjustments may make annual inflation 

adjustments by providing notice in the 

Federal Register.3

On December 17, 2024, 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 2024 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 2025.5 There were no new statutory 

CMPs administered by the FDIC during 

2024. 

The following charts provide the 

inflation-adjusted maximum CMP 

amounts for use after January 15, 2025— 

the effective date of the 2025 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, 2025) 

Adjusted 

maximum 

CMP6

(beginning January 15, 2025) 

12 U.S.C. 1464(v) 

Tier One CMP7 .................................................................................................................................... $4,899 $5,026 

Tier Two CMP ...................................................................................................................................... 48,992 50,265 

Tier Three CMP8 .................................................................................................................................. 2,449,575 2,513,215 

12 U.S.C. 1467(d) ........................................................................................................................................ 12,249 12,567 

12 U.S.C. 1817(a) 

Tier One CMP9 .................................................................................................................................... 4,899 5,026 

Tier Two CMP ...................................................................................................................................... 48,992 50,265 

Tier Three CMP10 ................................................................................................................................ 2,449,575 2,513,215 

12 U.S.C. 1817(c) 

Tier One CMP ...................................................................................................................................... 4,480 4,596 

Tier Two CMP ...................................................................................................................................... 44,783 45,946 

Tier Three CMP11 ................................................................................................................................. 2,239,210 2,297,385 

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

Tier One CMP ...................................................................................................................................... 12,249 12,567 

Tier Two CMP ...................................................................................................................................... 61,238 62,829 

Tier Three CMP12 ................................................................................................................................ 2,449,575 2,513,215 

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

Tier One CMP ...................................................................................................................................... 12,249 12,567 

Tier Two CMP ...................................................................................................................................... 61,238 62,829 

Tier Three CMP14 ................................................................................................................................ 2,449,575 2,513,215 

12 U.S.C. 1820(e)(4) ................................................................................................................................... 11,198 11,489 

12 U.S.C. 1820(k)(6) ................................................................................................................................... 402,920 413,388 

12 U.S.C. 1828(a)(3) ................................................................................................................................... 153 157 

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


khammond on DSK9W7S144PROD with NOTICES
Federal Register / Vol. 90, No. 8 / Tuesday, January 14, 2025 / Notices 3213 

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 through 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. 

Continued 

MAXIMUM CIVIL MONEY PENALTY AMOUNTS—Continued 

U.S. Code citation 

Current maximum 

CMP 

(through January 

14, 2025) 

Adjusted 

maximum 

CMP6

(beginning January 15, 2025) 

For assessments < $10,000 ................................................................................................................. 153 157 

12 U.S.C. 1829b(j) ....................................................................................................................................... 25,597 26,262 

12 U.S.C. 1832(c) ........................................................................................................................................ 3,558 3,650 

12 U.S.C. 1884 ............................................................................................................................................ 356 365 

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

Tier One CMP ...................................................................................................................................... 12,249 12,567 

Tier Two CMP ...................................................................................................................................... 61,238 62,829 

Tier Three CMP16 ................................................................................................................................ 2,449,575 2,513,215 

12 U.S.C. 3909(d) ........................................................................................................................................ 3,047 3,126 

15 U.S.C. 78u–2 

Tier One CMP (individuals) .................................................................................................................. 11,524 11,823 

Tier One CMP (others) ......................................................................................................................... 115,231 118,225 

Tier Two CMP (individuals) .................................................................................................................. 115,231 118,225 

Tier Two CMP (others) ......................................................................................................................... 576,158 591,127 

Tier Three CMP (individuals) ............................................................................................................... 230,464 236,451 

Tier Three CMP (others) ...................................................................................................................... 1,152,314 1,182,251 

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

First violation ........................................................................................................................................ 14,069 14,435 

Subsequent violations .......................................................................................................................... 28,135 28,866 

31 U.S.C. 3802 ............................................................................................................................................ 13,946 14,308 

42 U.S.C. 4012a(f) ....................................................................................................................................... 2,661 2,730 

CFR Citation Current presumptive CMP 

(through January 14, 2025) 

Adjusted presumptive CMP 

(beginning January 15, 2025) 

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

Institutions with $25 million or more in assets.

1 to 15 days late ....................................................................... $672 ............................................... $689. 

16 or more days late ................................................................. $1,344 ............................................ $1,379. 

Institutions with less than $25 million in assets.

1 to 15 days late 17 ................................................................... $225 ............................................... $231. 

16 or more days late 18 ............................................................. $447 ............................................... $459. 

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

Institutions with $25 million or more in assets.

1 to 15 days late ....................................................................... $1,119 ............................................ $1,148. 

16 or more days late ................................................................. $2,238 ............................................ $2,296. 

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) ............................................................................. $48,992 .......................................... $50,265. 

12 CFR 308.132(e)(3) 

Tier One CMP .................................................................................. $4,899 ............................................ $5,026. 

Tier Two CMP .................................................................................. $48,992 .......................................... $50,265. 

Tier Three CMP19 ............................................................................ $2,449,575 ..................................... $2,513,215. 

Federal Deposit Insurance Corporation. 

Dated at Washington, DC on January 8, 

2025. 

Debra A. Decker, 

Executive Secretary. 

[FR Doc. 2025–00643 Filed 1–13–25; 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. 


khammond on DSK9W7S144PROD with NOTICES