OCC 2000-34
Subject: Civil Money Penalty Inflation Adjustment
Description: Final Rule
Date: December 27, 2000


TO:  Chief Executive Officers of All National Banks,
Federal Branches and Agencies, Department and Division
Heads, and All Examining Personnel

The attached final rule amending the Office of the
Comptroller's (OCC's) rules of practice and procedure
to adjust the maximum amount of each civil money
penalty (CMP) within its jurisdiction was published in
the Federal Register on Monday, December 11, 2000. The
adjustments apply only to violations that occur after
December 11, 2000.

The Inflation Adjustment Act requires the OCC, as well
as other federal agencies with CMP authority, to
publish regulations to adjust each CMP authorized by
law that the agency has jurisdiction to administer.
The purpose of these adjustments is to maintain the
deterrent effect of CMPs and to promote compliance with
the law.  The Inflation Adjustment Act requires the 
adjustment to be made at least once every four years
following the initial adjustment.  The OCC's prior
adjustment to each CMP was published in the 
Federal Register and became effective on January 22,
1997.  The rule revises the table that appears at
12 CFR 19.240.  The table identifies the statutes that
provide the OCC with CMP authority, describes the
different tiers of penalties provided in each statute
(as applicable), and sets out the inflation-adjusted
maximum penalty that the OCC may impose pursuant to
each statutory provision. 

For further information, contact Mark Tenhundfeld,
assistant director, or Jean Campbell, attorney,
Legislative and Regulatory Activities Division, at
(202) 874-5090.



____________________________________
Julie L. Williams
First Senior Deputy Comptroller and Chief Counsel
                    
Attachment -- 65 FR 77250