`[Federal Register Volume 90, Number 8 (Tuesday, January 14, 2025)]
[Notices]
[Pages 3212-3213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00643]


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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.

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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, [email protected]; 
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 inflation-adjustment factor agencies must use) applicable to CMPs 
assessed in the following year.
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    \1\ Public Law 101-410, 104 Stat. 890, codified at 28 U.S.C. 
2461 note.
    \2\ Public Law 114-74, 701(b), 129 Stat. 599, codified at 28 
U.S.C. 2461 note.
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    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\
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    \3\ See 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/wp-content/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).
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    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.
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    \4\ See OMB Guidance at 2 (providing an inflation multiplier of 
1.02598).
    \5\ Penalties 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.
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    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
------------------------------------------------------------------------
                                                        Adjusted maximum
                                     Current maximum        CMP \6\
        U.S. Code citation            CMP  (through        (beginning
                                    January 14, 2025)  January 15, 2025)
------------------------------------------------------------------------
12 U.S.C. 1464(v)
    Tier One CMP \7\..............             $4,899             $5,026
    Tier Two CMP..................             48,992             50,265
    Tier Three CMP \8\............          2,449,575          2,513,215
12 U.S.C. 1467(d).................             12,249             12,567
12 U.S.C. 1817(a)
    Tier One CMP \9\..............              4,899              5,026
    Tier Two CMP..................             48,992             50,265
    Tier Three CMP \10\...........          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 CMP\11\............          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 CMP \12\...........          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 CMP \14\...........          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\

[[Page 3213]]

 
    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 CMP \16\...........          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
------------------------------------------------------------------------


------------------------------------------------------------------------
                                        Current            Adjusted
                                    presumptive CMP     presumptive CMP
          CFR Citation             (through January   (beginning January
                                       14, 2025)           15, 2025)
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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      $447..............  $459.
         \18\.
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   1/50,000th of the
                                   institution's       institution's
                                   total assets.       total assets.
        16 or more days late....  1/25,000th of the   1/25,000th of the
                                   institution's       institution's
                                   total assets.       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 CMP \19\.........  $2,449,575........  $2,513,215.
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    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`