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Federal Register / Vol. 86, No. 2 / Tuesday, January 5, 2021 / Notices and voting. In addition to publishing notices on EEOC Commission meetings in the Federal Register, the Commission also provides information about Commission meetings on its website, www.eeoc.gov. and provides a recorded announcement a week in advance on future Commission meetings.
Please telephone 202 6637100
voice or 202 9212750, or email commissionmeetingcomments@eeoc.gov at any time for information on this meeting.
CONTACT PERSON FOR MORE INFORMATION:
Rachel V. See, Acting Executive Officer, 202 9212545.
Dated: December 31, 2020.
Rachel V. See, Acting Executive Officer, Executive Secretariat.
FR Doc. 202029286 Filed 123120; 4:15 pm BILLING CODE 657001P

FEDERAL DEPOSIT INSURANCE
CORPORATION
RIN 3064ZA22

Notice of Inflation Adjustments for Civil Money Penalties Federal Deposit Insurance Corporation.

AGENCY:

ACTION:

Notice of Monetary Penalties
2021.
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, 2021, for conduct occurring on or after November 2, 2015.
FOR FURTHER INFORMATION CONTACT:
Graham N. Rehrig, Senior Attorney, Legal Division, 202 8983829, 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 Corporations 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 SUMMARY:

299

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 formula for making the CMP
adjustments may make annual inflation adjustments by providing notice in the Federal Register.3
On December 23, 2020, 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 2020 for FDIC-supervised institutions to calculate the maximum amount of CMPs that may be assessed by the FDIC in 2021.5 There were no new statutory CMPs administered by the FDIC during 2020.
The following charts provide the inflation-adjusted maximum CMP
amounts for use after January 15, 2021
the effective date of the 2021 annual adjustmentsunder 12 CFR part 308, for conduct occurring on or after November 2, 2015:

MAXIMUM CIVIL MONEY PENALTY AMOUNTS
Current maximum CMP
through January 14, 2021

U.S. code citation
jbell on DSKJLSW7X2PROD with NOTICES

12 U.S.C. 1464v:
Tier One CMP 7
Tier Two CMP
Tier Three CMP 8
12 U.S.C. 1467d
12 U.S.C. 1817a:
Tier One CMP 9
Tier Two CMP
Tier Three CMP 10
12 U.S.C. 1817c:
Tier One CMP
Tier Two CMP
Tier Three CMP 11
12 U.S.C. 1817j16:
Tier One CMP
Tier Two CMP
Tier Three CMP 12
12 U.S.C. 1818i2: 13
Tier One CMP
Tier Two CMP
Tier Three CMP 14
1 Public Law 101410, 104 Stat. 890, codified at 28 U.S.C. 2461 note.
2 Public Law 11474, 701b, 129 Stat. 599, codified at 28 U.S.C. 2461 note.
3 See Office of Mgmt. & Budget, Exec. Office of the President, OMB Memorandum No. M2110, Implementation of Penalty Inflation Adjustments
VerDate Sep<11>2014

17:09 Jan 04, 2021

Jkt 253001

for 2021, Pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015
4 2020, https www.whitehouse.gov/wp-content/
uploads/2020/12/M-21-10.pdf OMB Guidance;
see also 12 CFR 308.132d FDIC regulation that guides readers to the Federal Register to see the annual notice of CMP inflation adjustments.

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Fmt 4703

Sfmt 4703

Adjusted maximum CMP 6
beginning January 15, 2021

$4,098
40,979
41,463
10,245

$4,146
2,048,915
2,073,133
10,366

4,098
40,979
2,048,915

4,146
41,463
2,073,133

3,747
37,458
1,872,957

3,791
37,901
1,895,095

10,245
51,222
2,048,915

10,366
51,827
2,073,133

10,245
51,222
2,048,915

10,366
51,827
2,073,133

4 See OMB Guidance at 1 providing an inflation multiplier of 1.01182.
5 Penalties assessed for violations occurring prior to November 2, 2015, will be subject to the maximum amounts set forth in the FDICs regulations in effect prior to the enactment of the 2015 Adjustment Act.

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