Civil money penalty.—
First tier .—
Second tier .—
Third tier .—
Maximum amounts of penalties for any violation described in clause (iii).—
Assessment; etc .—
Hearing .—
Disbursement .—
“Violate” defined .—
Regulations .—
Notice Under This Section After Separation From Service .—
Pub. L. 91–607, title I, § 106(b)84 Stat. 1766Pub. L. 95–630, title VIII, § 80192 Stat. 3690Pub. L. 97–320, title IV96 Stat. 1520Pub. L. 101–73, title IX103 Stat. 461Pub. L. 102–242, title III, § 306(j)105 Stat. 2359Pub. L. 104–208, div. A, title II, § 2216(a)110 Stat. 3009–413Pub. L. 109–351, title VI, § 601(b)120 Stat. 1978Pub. L. 111–203, title III, § 355124 Stat. 1547(, , ; , , ; , §§ 410(f), 424(c), (d)(11), (e), 428, , , 1523, 1526; , §§ 905(h), 907(i), , , 473; , , ; , , ; , , ; , , .)
Editorial Notes
Amendments
Pub. L. 111–2032010—Par. (1). inserted “issue such regulations as are necessary to carry out this section, and, in consultation with the Comptroller of the Currency and the Federal Deposit Insurance Company, may” after “The Board may” in concluding provisions.
Pub. L. 109–3512006—Par. (2)(G) to (I). redesignated subpars. (H) and (I) as (G) and (H), respectively, and struck out former subpar. (G) which related to written reporting requirements relating to bank loans to executive officers or stockholders with power to vote more than 10 per centum of any class of voting securities of an insured bank.
Pub. L. 104–2081996—Par. (1). , in concluding provisions, inserted “and the prohibitions of section 1843(f)(9) and 1843(h)(2) of this title” after “prohibition”.
Pub. L. 102–242section 1813 of this title1991—Par. (2)(H)(i). inserted before semicolon at end “, a savings bank, and a savings association (as those terms are defined in )”.
Pub. L. 101–73, § 907(i)1989—Par. (2)(F). , amended subpar. (F) generally, revising and restating as cls. (i) to (ix) provisions of former cls. (i) to (vii).
Pub. L. 101–73, § 905(h)Par. (2)(I). , added subpar. (I).
Pub. L. 97–320, § 428(a)(1)1982—Par. (2)(A) to (D). –(4), inserted “or to any related interest of such person” after “such other bank” in subpar. (A), “desiring to open the account” in subpar. (B), “such other bank” in subpar. (C), and “another bank” in subpar. (D).
Pub. L. 97–320, § 410(f)section 375b of this titlesection 371c of this titlePar. (2)(E). , substituted “the meaning prescribed by the Board pursuant to ” for “the same meaning given it in ”.
Pub. L. 97–320, § 424(c)Par. (2)(F)(i). , (d)(11), inserted proviso giving agency discretionary authority to compromise, etc., any civil money penalty imposed under such authority, and substituted “may be assessed” for “shall be assessed”.
Pub. L. 97–320, § 424(e)Par. (2)(F)(iv). , substituted “twenty days from the service” for “ten days from the date”.
Pub. L. 97–320, § 428(b)(1)Par. (2)(G)(ii). , substituted “(ii) The appropriate Federal banking agencies are authorized to issue rules and regulations, including definitions of terms, to require the reporting and public disclosure of information by any bank or executive officer or principal shareholder thereof concerning any extension of credit by a correspondent bank to the reporting bank’s executive officers or principal shareholders, or the related interests of such persons.” for “(ii) Each insured bank shall compile the reports filed pursuant to subparagraph (G)(i) and forward such compilation to the Comptroller of the Currency in the case of a national bank, the Board in the case of a State member bank, and the Federal Deposit Insurance Corporation in the case of an insured nonmember State bank.”
Pub. L. 97–320, § 428(b)(2)Par. (2)(G)(iii). , struck out cl. (iii) which required insured banks to include in their section 1817(k)(1) report a list of names of executive officers or stockholders of record owning, controlling, or having more than a 10 per centum voting control of any class of voting securities of the bank who file information required by subpar. (G)(i) and aggregate amount of extensions of credit by correspondent banks to such executive officers or stockholders of record, any company controlled by such persons, and any political or campaign committee the funds or services of which will benefit such persons, or which is controlled by such persons.
Pub. L. 97–320, § 428(c)Par. (2)(H). , added subpar. (H).
Pub. L. 95–6301978— designated existing provisions as par. (1), redesignated former pars. (1) to (5) as subpars. (A) to (E), and added par. (2).
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Pub. L. 111–203section 351 of Pub. L. 111–203section 906 of Title 2Amendment by effective on the transfer date, see , set out as a note under , The Congress.
Effective Date of 1991 Amendment
Pub. L. 102–242section 306(m)(1) of Pub. L. 102–242lPub. L. 102–242section 375b of this titleAmendment by effective upon earlier of date on which final regulations under become effective or 150 days after , see section 306() of , set out as a note under .
Effective Date of 1989 Amendment
section 907(i) of Pub. L. 101–73lPub. L. 101–73section 93 of this titleAmendment by applicable to conduct engaged in after , except that increased maximum penalties of $5,000 and $25,000 may apply to conduct engaged in before such date if such conduct is not already subject to a notice issued by the appropriate agency and occurred after completion of the last report of the examination of the institution by the appropriate agency occurring before , see section 907() of , set out as a note under .
Effective Date of 1982 Amendment
section 428(b) of Pub. L. 97–320section 430 of Pub. L. 97–320section 1817 of this titleAmendment by effective when regulations referred to in the amendment become effective as provided in , set out as a note under .
Effective Date of 1978 Amendment
Pub. L. 95–630section 2101 of Pub. L. 95–630section 375b of this titleAmendment by effective on expiration of 120 days after , see , set out as an Effective Date note under .