[Federal Register Volume 82, Number 17 (Friday, January 27, 2017)]
[Rules and Regulations]
[Pages 8584-8588]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00592]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

12 CFR Parts 19 and 109

[Docket ID OCC-2017-0002]
RIN 1557-AE14


Rules of Practice and Procedure; Rules of Practice and Procedure 
in Adjudicatory Proceedings; Civil Money Penalty Inflation Adjustments

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Final rule.

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SUMMARY: The Office of the Comptroller of the Currency (OCC) is 
amending its rules of practice and procedure for national banks and its 
rules of practice and procedure in adjudicatory proceedings for Federal 
savings associations to adjust the maximum amount of each civil money 
penalty within its jurisdiction to administer to account for inflation. 
These actions implement the Federal Civil Penalties Inflation 
Adjustment Act of 1990, as amended by the Federal Civil Penalties 
Inflation Adjustment Act Improvements Act of 2015.

DATES: This rule is effective on January 27, 2017 and is applicable to 
penalties assessed after January 15, 2017.

FOR FURTHER INFORMATION CONTACT: Jean Campbell, Counsel, Legislative 
and Regulatory Activities Division, (202) 649-5490, or, for persons who 
are deaf or hard of hearing, TTY, (202) 649-5597, or Alexander 
Abramovich, Attorney, Enforcement and Compliance Division, (202) 649-
6200, Office of the Comptroller of the Currency, 400 7th Street SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION:

I. Background

    The final rule changes the maximum amount for each civil money 
penalty (CMP) within the OCC's jurisdiction to administer to account 
for inflation pursuant to the Federal Civil Penalties Inflation 
Adjustment Act of 1990 (the 1990 Adjustment Act),\1\ as amended by the 
Federal Civil Penalties Inflation Adjustment Act Improvements Act of 
2015 (the 2015 Adjustment Act).\2\ The 1990 Adjustment Act had required 
the OCC and other Federal agencies with CMP authority to publish by 
regulation the inflation-adjusted maximum amount for each CMP 
authorized by a law that the agency has jurisdiction to administer. Key 
features of the 1990 Adjustment Act included requiring such agencies to 
make inflation adjustments at least once every four years following any 
initial adjustment, capping the initial inflation adjustment increase 
at 10 percent, and imposing rounding rules that limited increases based 
on the amount of the penalty.
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    \1\ Public Law 101-410, Oct. 5, 1990, 104 Stat. 890, codified at 
28 U.S.C. 2461 note.
    \2\ Public Law 114-74, Title VII, section 701(b), Nov. 2, 2015, 
129 Stat. 599, codified at 28 U.S.C. 2461 note.
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    The purpose of the 2015 Adjustment Act was to establish a mechanism 
to regularly adjust CMPs for inflation; maintain the deterrent effect 
of CMPs and promote compliance with the law; and improve the collection 
of CMPs by the Federal government.\3\ The 2015 Adjustment Act revised 
the process by which each Federal agency must adjust its CMPs for 
inflation. Under the 2015 Adjustment Act, agencies were required to 
adjust the amount of their CMPs \4\ for inflation with an initial 
catch-up adjustment through an interim final rule published by July 1, 
2016, and to make subsequent adjustments for inflation by January 15 of 
each year, beginning in 2017. In addition, the 2015 Adjustment Act 
simplified the process for calculating the inflation increase and 
eliminated the complex rounding rules in the 1990 Adjustment Act.
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    \3\ 28 U.S.C. 2461 note, section 2(b).
    \4\ The 2015 Adjustment Act defined a ``civil monetary penalty'' 
to mean ``any penalty, fine, or other sanction that is for a 
specific monetary amount as provided by Federal law; or has a 
maximum amount provided for by Federal law; and is assessed or 
enforced by an agency pursuant to Federal law; and is assessed or 
enforced pursuant to an administrative proceeding or a civil action 
in the Federal courts.'' 28 U.S.C. 2461 note, section 3(2). Thus, a 
penalty based on another measure, such as a percentage of total 
assets, need not be adjusted.
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    The 2015 Adjustment Act also required the Office of Management and 
Budget (OMB) to issue initial guidance to Federal agencies no later 
February 29, 2016, and subsequent guidance not later than December 15 
of each year, beginning on December 15, 2016, on implementing the 
required inflation adjustments.
    In accordance with the 2015 Adjustment Act and OMB's initial 
guidance, issued on February 29, 2016,\5\

[[Page 8585]]

the OCC increased the amount of each maximum CMP with an initial catch-
up adjustment by publishing an interim final rule in the Federal 
Register on July 1, 2016, with an effective date of August 1, 2016.\6\ 
The OCC did not receive any comments on this interim final rule.
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    \5\ Office of Management and Budget Memorandum, M-16-06 
(February 24, 2016), available at: https://www.whitehouse.gov/sites/default/files/omb/memoranda/2016/m-16-06.pdf.
    \6\ 81 FR 43021 (July 1, 2016).
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    On December 16, 2016, the OMB published additional guidance to 
assist Federal agencies in calculating the 2017 annual inflation 
adjustment pursuant to the 2015 Adjustment Act (2016 OMB Guidance).\7\ 
The 2016 OMB guidance provided the cost-of-living inflation adjustment 
multiplier (i.e., the inflation adjustment factor agencies must use to 
adjust their penalties) for 2017, step-by-step instructions on how 
agencies should calculate the annual inflation adjustments, and other 
relevant information.
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    \7\ Office of Management and Budget Memorandum, M-17-11 
(December 16, 2016), available at: https://www.whitehouse.gov/sites/default/files/omb/memoranda/2017/m-17-11_0.pdf.
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II. Description of the Final Rule

A. 2017 Inflation Adjustment

    The 2015 Adjustment Act required Federal agencies to make annual 
adjustments no later than January 15 of each year, beginning on January 
15, 2017 \8\ and to publish such adjustments in the Federal Register. 
This final rule amends the OCC's rules of practice and procedure for 
national banks at 12 CFR 19.240 and its rules of practice and procedure 
in adjudicatory proceedings for Federal savings associations at 12 CFR 
109.103 to adjust for inflation the maximum amount of each CMP that the 
OCC has jurisdiction to impose in accordance with the 2015 Adjustment 
Act and the 2016 OMB Guidance.
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    \8\ 28 U.S.C. 2461 note, section 4(a).
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    First, the final rule describes the formula used by the OCC to 
calculate the new maximum inflation-adjusted amount of each CMP. It 
states that the inflation adjustment is calculated by multiplying the 
maximum dollar amount of the CMP for the previous calendar year by the 
cost-of living inflation adjustment multiplier provided annually by OMB 
and rounding the total to the nearest dollar.\9\
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    \9\ The formula that OMB must use is described in the 2015 
Adjustment Act at 28 U.S.C. 2461 note, section 5.
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    Next, the rule adjusts each CMP that the OCC has jurisdiction to 
administer in accordance with the formula described above. The OCC 
calculated the adjusted amounts in the national bank chart at 12 CFR 
19.240(b) (national bank chart) and Federal savings association chart 
at 12 CFR 109.103(c)(2) (Federal savings association chart) by applying 
the cost-of living inflation adjustment multiplier provided by OMB \10\ 
to each maximum CMP and rounding all penalty amounts to the nearest 
dollar. Each chart identifies the statutes that authorize the OCC to 
assess CMPs, describes the different tiers of penalties provided in 
each statute (as applicable), and sets out the maximum inflation-
adjusted penalty that the OCC may impose pursuant to each statutory 
provision.\11\
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    \10\ The 2016 OMB Guidance states that the 2017 cost-of-living 
inflation adjustment multiplier is 1.01636. 2016 OMB Guidance, at 1. 
In accordance with the 2015 Adjustment Act, OMB based this 
multiplier on the percent change between the Consumer Price Index 
for October 2016 and October 2015. 28 U.S.C. 2461 note, section 
5(b)(1).
    \11\ Although the 2015 Adjustment Act required agencies to 
increase the maximum penalty that may be assessed under each 
applicable statute to account for inflation, the OCC generally 
retains discretion to impose lesser penalties after consideration 
has been given to the financial resources and good faith of the 
institution or institution-affiliated party (IAP), the gravity of 
the violations, the history of previous violations by the 
institution or IAP, and such other matters as justice may require. 
12 U.S.C. 1818(i)(2)G) and Interagency Policy Statement Regarding 
the Assessment of CMPs by the Federal Financial Institutions 
Regulatory Agencies, 63 FR 30227 (June 3, 1998).
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    The final rule also makes clear that the adjustments in each chart 
apply to penalties assessed after January 15, 2017, for violations that 
occurred on or after November 2, 2015, which is the date of enactment 
of the 2015 Adjustment Act.
    The final rule also states that future annual inflation adjustments 
to the maximum penalty amounts will be published as a notice in the 
Federal Register. The 2015 Adjustment Act required Federal agencies to 
annually adjust their CMPs for inflation beginning on January 15, 2017, 
and each year thereafter, and to publish the adjusted CMPs in the 
Federal Register. While the 2015 Adjustment Act required the OCC to 
initially adjust its maximum CMP amounts through an interim final 
rulemaking, the 2015 Adjustment Act specifically stated that subsequent 
adjustments shall be made ``notwithstanding section 553 of title 5, 
United States Code'' (i.e., the Administrative Procedure Act or 
APA).\12\ The 2016 OMB Guidance clarifies that this means ``the public 
procedure the APA generally requires--notice, an opportunity for 
comment, and a delay in effective date--is not required for agencies to 
issue regulations implementing the annual adjustment.'' \13\ 
Accordingly, the OCC will publish its future inflation adjustments as a 
notice. This process is specifically described in the 2016 OMB 
Guidance.\14\ In addition, we note that this is similar to the OCC's 
semiannual fee assessment process at 12 CFR part 8, which sets forth a 
chart describing the formula to calculate the semiannual assessment fee 
and states that the OCC will publish a notice providing the fees for 
the upcoming year.\15\
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    \12\ 28 U.S.C. 2461 note, section 4(b)(2).
    \13\ 2016 OMB Guidance, at 3.
    \14\ 28 U.S.C. 2461 note, section 4(b)(2) and 2016 OMB Guidance, 
at 3.
    \15\ 12 CFR 8.2 and 8.8.
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    Furthermore, because the 2015 Adjustment Act does not require 
annual adjustments to be published in accordance with the APA, the OCC 
is amending 12 CFR 19.240 and 12 CFR 109.103 by issuing a final rule 
rather than a notice of proposed rulemaking.

B. Technical Change to the National Bank Chart and Federal Savings 
Association Chart

    The OCC is correcting a minor technical error in footnote 3 of the 
national bank chart and Federal savings association chart. Footnote 3 
explains that statutes cross-referencing 12 U.S.C. 1818 are adjusted 
automatically when the penalty in section 1818 is adjusted for 
inflation. Fifteen U.S.C. 1649e(k) was inadvertently included as an 
example of a penalty that cross-references 12 U.S.C. 1818. Accordingly, 
the final rule deletes reference to 15 U.S.C. 1649e(k) in the 
footnotes, but retains the reference to this statute in the national 
bank chart and Federal savings association chart.

III. Regulatory Analysis

A. Delayed Effective Date

    Section 302 of the Riegle Community Development and Regulatory 
Improvement Act of 1994 \16\ (RCDRIA) required that the effective date 
of new regulations and amendments to regulations that impose additional 
reporting, disclosures, or other new requirements on insured depository 
institutions shall be the first day of a calendar quarter that begins 
on or after the date the regulations are published in final form. 12 
U.S.C. 4802(b)(1). The RCDRIA does not apply to this final rule because 
the rule merely increases the amount of CMPs that already exist and 
does not impose any additional reporting, disclosures, or other new 
requirements.
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    \16\ 12 U.S.C. 4802.
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B. Regulatory Flexibility Act

    The Regulatory Flexibility Act applies only to rules for which an 
agency publishes a general notice of proposed rulemaking pursuant to 5 
U.S.C.

[[Page 8586]]

553(b).\17\ Because the 2015 Adjustment Act specifically exempted 
agencies' annual adjustments from the requirements of the APA,\18\ the 
OCC is issuing a final rule, rather than a general notice of proposed 
rulemaking. Thus, the Regulatory Flexibility Act does not apply to this 
final rule.
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    \17\ 5 U.S.C. 601(2).
    \18\ 28 U.S.C. 2461 note, section 4(b)(2) and 2016 OMB Guidance, 
at 3.
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C. Unfunded Mandates Reform Act of 1995

    Section 202 of the Unfunded Mandates Reform Act of 1995 \19\ 
required that an agency prepare a budgetary impact statement before 
promulgating any rule likely to result in a Federal mandate that may 
result in the expenditure by State, local, and tribal governments, in 
the aggregate, or by the private sector of $100 million or more, as 
adjusted for inflation, in any one year. The Unfunded Mandates Reform 
Act only applies when an agency issues a general notice of proposed 
rulemaking. Because the OCC is not publishing a notice of proposed 
rulemaking, this final rule is not subject to section 202 of the 
Unfunded Mandates Reform Act.
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    \19\ 2 U.S.C. 1532.
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D. Paperwork Reduction Act

    Under the Paperwork Reduction Act of 1995 (PRA),\20\ the OCC may 
not conduct or sponsor, and notwithstanding any other provision of law, 
a person is not required to respond to, an information collection 
unless the information collection displays a valid OMB control number. 
The final rule contains no information collection requirements under 
the PRA.
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    \20\ 44 U.S.C. 3501 et seq.
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List of Subjects

12 CFR Part 19

    Administrative practice and procedure, Crime, Equal access to 
justice, Investigations, National banks, Penalties, Securities.

12 CFR Part 109

    Administrative practice and procedure, Federal savings 
associations, Penalties.

Authority and Issuance

    For the reasons set out in the preamble, parts 19 and 109 of 
chapter I of title 12 of the Code of Federal Regulations are amended as 
follows:

PART 19--RULES OF PRACTICE AND PROCEDURE

0
1. The authority citation for part 19 is revised to read as follows:

    Authority: 5 U.S.C. 504, 554-557; 12 U.S.C. 93(b), 93a, 164, 
481, 504, 1817, 1818, 1820, 1831m, 1831o, 1832, 1884, 1972, 3102, 
3108(a), 3110, 3909, and 4717; 15 U.S.C. 78(h) and (i), 78o-4(c), 
78o-5, 78q-1, 78s, 78u, 78u-2, 78u-3, 78w, and 1639e; 28 U.S.C. 2461 
note; 31 U.S.C. 330 and 5321; and 42 U.S.C. 4012a.

0
2. Section 19.240 is revised to read as follows:


Sec.  19.240   Inflation adjustments.

    (a) Statutory formula to calculate inflation adjustments. The 
maximum amount of each civil money penalty in the chart in paragraph 
(b) of this section is adjusted annually for inflation. The inflation 
adjustment is calculated by multiplying the maximum dollar amount of 
the civil money penalty for the previous calendar year by the cost-of-
living inflation adjustment multiplier provided annually by the Office 
of Management and Budget and rounding the total to the nearest dollar.
    (b) 2017 Inflation adjustment. The maximum amount of each civil 
money penalty in the following chart applies to penalties assessed 
after January 15, 2017, for violations that occurred on or after 
November 2, 2015:

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                                                                                                      Maximum
                                                                                                      penalty
              U.S. Code citation                      Description and tier  (if applicable)         amount  (in
                                                                                                   dollars) \1\
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12 U.S.C. 93(b)...............................  Violation of Various Provisions of the National
                                                 Bank Act:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 164.................................  Violation of Reporting Requirements:
                                                   Tier 1.......................................           3,849
                                                   Tier 2.......................................          38,492
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 481.................................  Refusal of Affiliate to Cooperate in Examination           9,623
                                                 (national bank).
12 U.S.C. 504.................................  Violation of Various Provisions of the Federal
                                                 Reserve Act:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 1817(j)(16).........................  Violation of Change in Bank Control Act:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 1818(i)(2) \3\......................  Violation of Law, Unsafe or Unsound Practice, or
                                                 Breach of Fiduciary Duty:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 1820(k)(6)(A)(ii)...................  Violation of Post-Employment Restrictions:
                                                   Per violation................................         316,566
12 U.S.C. 1832(c).............................  Violation of Withdrawals by Negotiable or
                                                 Transferable Instrument for Transfers to Third
                                                 Parties:
                                                   Per violation................................           2,795
12 U.S.C. 1884................................  Violation of the Bank Protection Act............             279
12 U.S.C. 1972(2)(F)..........................  Violation of Anti-Tying Provisions regarding
                                                 Correspondent Accounts, Unsafe or Unsound
                                                 Practices, or Breach of Fiduciary Duty:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114

[[Page 8587]]

 
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 3110(a).............................  Violation of Various Provisions of the                    43,983
                                                 International Banking Act (Federal Branches and
                                                 Agencies):.
12 U.S.C. 3110(c).............................  Violation of Reporting Requirements of the
                                                 International Banking Act (Federal Branches and
                                                 Agencies):
                                                   Tier 1.......................................           3,519
                                                   Tier 2.......................................          35,186
                                                   Tier 3.......................................   \2\ 1,759,309
12 U.S.C. 3909(d)(1)..........................  Violation of International Lending Supervision             2,394
                                                 Act.
15 U.S.C. 78u-2(b)............................  Violation of Various Provisions of the
                                                 Securities Act, the Securities Exchange Act,
                                                 the Investment Company Act, or the Investment
                                                 Advisers Act:
                                                   Tier 1 (natural person)--Per violation.......           9,054
                                                   Tier 1 (other person)--Per violation.........          90,535
                                                   Tier 2 (natural person)--Per violation.......          90,535
                                                   Tier 2 (other person)--Per violation.........         452,677
                                                   Tier 3 (natural person)--Per violation.......         181,071
                                                   Tier 3 (other person)--Per violation.........         905,353
15 U.S.C. 1639e(k)............................  Violation of Appraisal Independence
                                                 Requirements:
                                                   First violation..............................          11,053
                                                   Subsequent violations........................          22,105
42 U.S.C. 4012a(f)(5).........................  Flood Insurance:
                                                   Per violation................................           2,090
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\1\ The maximum penalty amount is per day, unless otherwise indicated.
\2\ The maximum penalty amount for a national bank is the lesser of this amount or 1 percent of total assets.
\3\ These amounts also apply to CMPs in statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804,
  3108, 3349, 4309, and 4717 and 15 U.S.C. 1607, 1693o, 1681s, 1691c, and 1692l.

    (c) Future inflation adjustments. Notice of the maximum penalty 
which may be assessed for the penalties enumerated in paragraph (b) of 
this section for calendar years after 2017 will be published in the 
Federal Register on an annual basis on or before January 15 of each 
calendar year based on the formula in paragraph (a) of this section.

PART 109--RULES OF PRACTICE AND PROCEDURE IN ADJUDICATORY 
PROCEEDINGS

0
3. The authority citation for part 109 is revised to read as follows:

    Authority: 5 U.S.C. 504, 554-557; 12 U.S.C. 1464, 1467, 1467a, 
1468, 1817, 1818, 1820(k), 1829(e), 1832, 1884, 1972, 3349, 4717, 
5412(b)(2)(B); 15 U.S.C. 78(l), 78o-5, 78u-2, 1639e; 28 U.S.C. 2461 
note; 31 U.S.C. 5321; and 42 U.S.C. 4012a.

0
4. Section 109.103 is amended by revising paragraph (c) to read as 
follows:


Sec.  109.103  Civil money penalties.

* * * * *
    (c) Maximum amount of civil money penalties-(1) Statutory formula. 
The maximum amount of each civil money penalty in the chart in 
paragraph (c)(2) of this section is adjusted annually for inflation. 
The inflation adjustment is calculated by multiplying the maximum 
dollar amount of the civil money penalty for the previous calendar year 
by the cost-of-living inflation adjustment multiplier provided annually 
by the Office of Management and Budget and rounding the total to the 
nearest dollar.
    (2) 2017 Inflation adjustment. The maximum amount of each civil 
money penalty in the following chart applies to penalties assessed 
after January 15, 2017, for violations that occurred on or after 
November 2, 2015:

----------------------------------------------------------------------------------------------------------------
                                                                                                      Maximum
                                                                                                      penalty
              U.S. Code citation                                 CMP description                    amount  (in
                                                                                                   dollars) \1\
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12 U.S.C. 1464(v).............................  Reports of Condition:
                                                   1st Tier.....................................           3,849
                                                   2nd Tier.....................................          38,492
                                                   3rd Tier.....................................   \2\ 1,924,589
12 U.S.C. 1467(d).............................  Refusal of Affiliate to Cooperate in Examination           9,623
12 U.S.C. 1467a(r)............................  Late/Inaccurate Reports:
                                                   1st Tier.....................................           3,849
                                                   2nd Tier.....................................          38,492
                                                   3rd Tier.....................................   \2\ 1,924,589
12 U.S.C. 1817(j)(16).........................  Violation of Change in Bank Control Act:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 1818(i)(2) \3\......................  Violation of Law, Unsafe or Unsound Practice, or
                                                 Breach of Fiduciary Duty:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114
                                                   Tier 3.......................................   \2\ 1,924,589
12 U.S.C. 1820(k)(6)(A)(ii)...................  Violation of Post-Employment Restrictions:
                                                   Per violation................................         316,566

[[Page 8588]]

 
12 U.S.C. 1832(c).............................  Violation of Withdrawals by Negotiable or
                                                 Transferable Instruments for Transfers to Third
                                                 Parties:
                                                   Per violation................................           2,541
12 U.S.C. 1884................................  Violation of the Bank Protection Act............             279
12 U.S.C. 1972(2)(F)..........................  Violation of Provisions regarding Correspondent
                                                 Accounts, Unsafe or Unsound Practices, or
                                                 Breach of Fiduciary Duty:
                                                   Tier 1.......................................           9,623
                                                   Tier 2.......................................          48,114
                                                   Tier 3.......................................   \2\ 1,924,589
15 U.S.C. 78u-2(b)............................  Violations of Various Provisions of the
                                                 Securities Act, the Securities Exchange Act,
                                                 the Investment Company Act, or the Investment
                                                 Advisers Act:
                                                   1st Tier (natural person)--Per violation.....           9,054
                                                   1st Tier (other person)--Per violation.......          90,535
                                                   2nd Tier (natural person)--Per violation.....          90,535
                                                   2nd Tier (other person)--Per violation.......         452,677
                                                   3rd Tier (natural person)--Per violation.....         181,071
                                                   3rd Tier (other person)--Per violation.......         905,353
15 U.S.C. 1639e(k)............................  Violation of Appraisal Independence
                                                 Requirements:
                                                   First violation..............................          11,053
                                                   Subsequent violations........................          22,105
42 U.S.C. 4012a(f)(5).........................  Flood Insurance:
                                                   Per violation................................           2,090
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\1\ The maximum penalty amount is per day, unless otherwise indicated.
\2\ The maximum penalty amount for a national bank is the lesser of this amount or 1 percent of total assets.
\3\ These amounts also apply to statutes that cross-reference 12 U.S.C. 1818, such as 12 U.S.C. 2804, 3108,
  3349, 4309, and 4717 and 15 U.S.C. 1607, 1681s, 1691c, and 1692l.

    (3) Future inflation adjustments. Notice of the maximum penalty 
which may be assessed for the penalties enumerated in paragraph (c)(2) 
of this section for calendar years after 2017 will be published in the 
Federal Register on an annual basis on or before January 15 of each 
calendar year based on the formula in paragraph (c)(1) of this section.

    Dated: January 9, 2017.
Thomas J. Curry,
Comptroller of the Currency.
[FR Doc. 2017-00592 Filed 1-26-17; 8:45 am]
BILLING CODE 4810-33-P