share$447,125
Oriental Bank pays $447,125 for flood insurance violations
Issued by FDIC
Regulation H - Membership of State Banking Institutions in The Federal Reserve System
Reg Letter:
H
Issuing Agency:
FRB Letter Classification:
Authority: 12 U.S.C. 24, 36, 92a, 93a, 248(a), 248(c), 321-338a, 371d, 461, 481-486, 601, 611, 1814, 1816, 1817(a)(3), 1817(a)(12), 1818, 1820(d)(9), 1833(j), 1828(o), 1831, 1831o, 1831p-1, 1831r-1, 1831w, 1831x, 1835a, 1882, 2901-2907, 3105, 3310, 3331-3351, 3905-3909, 5371, and 5371 note; 15 U.S.C. 78b, 78I(b), 78 l (i), 780-4(c)(5), 78q, 78q-1, 78w, 1681s, 1681w, 6801, and 6805; 31 U.S.C. 5318; 42 U.S.C. 4012a, 4104a, 4104b, 4106, and 4128.
- Subpart A -- General Membership and Branching Requirements
- Sec. 208.1 Authority, purpose and scope.
- Sec. 208.2 Definitions.
- Sec. 208.3 Application and conditions for membership in the Federal Reserve System
- Sec. 208.4 Capital Adequacy.
- Sec. 208.5 Dividends and other distributions.
- Sec. 208.6 Establishment and maintenance of branches.
- Sec. 208.7 Prohibition against use of interstate branches primarily for deposit production.
- Subpart B -- Investments and Loans
- Sec. 208.20 Authority, purpose, and scope.
- Sec. 208.21 Investments in premises and securities.
- Sec. 208.22 Community development and public welfare investments.
- Sec. 208.23 Agricultural loan loss amortization.
- Sec. 208.24 Letters of credit and acceptances.
- Sec. 208.25 Loans in areas having special flood hazards.
- Subpart C -- Bank Securities and Securities-Related Activities
- Sec. 208.30 Authority, purpose, and scope.
- Sec. 208.31 State member banks as transfer agents.
- Sec. 208.32 Notice of disciplinary sanctions imposed by registered clearing agency.
- Sec. 208.33 Application for stay or review of disciplinary sanctions imposed by registered clearing agency.
- Sec. 208.34 Recordkeeping and confirmation of certain securities transactions effected by State member banks.
- Sec. 208.35 Qualification requirements for transactions in certain securities.
- Sec. 208.36 Reporting requirements for State member banks subject to the Securities Exchange Act of 1934.
- Sec. 208.37 Government securities sales practices.
- Subpart D -- Prompt Corrective Action
- Sec. 208.40 Authority, purpose, scope, other supervisory authority, and disclosure of capital categories.
- Sec. 208.41 Definitions for purposes of this subpart.
- Sec. 208.42 Notice of capital category.
- Sec. 208.43 Capital measures and capital category definitions.
- Sec. 208.44 Capital restoration plans.
- Sec. 208.45 Mandatory and discretionary supervisory actions under section 38.
- Subpart E -- Real Estate Lending and Appraisal Standards
- Sec. 208.50 Authority, purpose, and scope.
- Sec. 208.51 Real estate lending standards.
- Subpart F -- Miscellaneous Requirements
- Sec. 208.60 Authority, purpose, and scope.
- Sec. 208.61 Bank security procedures.
- Sec. 208.62 Suspicious activity reports.
- Sec. 208.63 Procedures for monitoring Bank Secrecy Act compliance.
- Sec. 208.64 Frequency of examination.
- Subpart G -- Financial Subsidiaries of State Member Banks
- Sec. 208.71 What are the requirements to invest in or control a financial subsidiary?
- Sec. 208.72 What activities may a financial subsidiary conduct?
- Sec. 208.73 What additional provisions are applicable to state member banks with financial subsidiaries?
- Sec. 208.74 What happens if the state member bank fails to continue to meet certain requirements?
- Sec. 208.75 What happens if the state member bank or any of its insured depository institution affiliates has received a less than a ‘‘satisfactory’’ CRA rating?
- Sec. 208.76 What Federal Reserve approvals are necessary for financial subsidiaries?
- Sec. 208.77 Definitions.
- Subpart H -- Consumer Protection in Sales of Insurance
- Sec. 208.81 Purpose and scope.
- Sec. 208.82 Definitions for purposes of this subpart.
- Sec. 208.83 Prohibited practices.
- Sec. 208.84 What you must disclose.
- Sec. 208.85 Where insurance activities may take place.
- Sec. 208.86 Qualification and licensing requirements for insurance sales personnel.
- Appendix A to Subpart H of Part 208—Consumer Grievance Process
- Subpart I -- Registration of Residential Mortgage Loan Originators
- Sec. 208.101 Authority, purpose, and scope.
- Sec. 208.102 Definitions.
- Sec. 208.103 Registration of mortgage loan originators.
- Sec. 208.104 Policies and procedures.
- Sec. 208.105 Use of unique identifier.
- Appendix A to Subpart I of Part 208—Examples of Mortgage Loan Originator Activities
- Subpart J -- Interpretations
- Sec. 208.110 Sale of bank’s money orders off premises as establishment of branch office.
- Sec. 208.111 Obligations concerning institutional customers.
- APPENDICES
- Appendix A to Part 208—[Reserved]
- Appendix B to Part 208--[Reserved]
- Appendix C to Part 208--Interagency Guidelines for Real Estate Lending Policies
- Appendix D-1 to Part 208--Interagency Guidelines Establishing Standards For Safety and Soundness
- Appendix D-2 to Part 208--Interagency Guidelines Establishing Information Security Standards
- Appendix E to Part 208--[Removed and Reserved]
- Appendix F to part 208 -- [Removed and Reserved]
- Recent Federal Register documents affecting this regulation.
First published on:
12/10/2013
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Banker ToolsPenalties View All
$1,500
Spring Valley Bank pays $1,500 for flood insurance rules violations
Issued by FDIC
$13,000
CNB Bank pays $13,000 for flood insurance rules violations
Issued by FDIC
$80,500
Guaranty Bank and Trust pays $80,500 flood insurance penalty
Issued by FDIC
$2,000
Collins State Bank pays $2,000 for flood insurance violations
Issued by FDIC
$31,000
Opportunity Bank of Montana pays $31,000 for flood insurance violations
Issued by FRB
$70,000
First Interstate Bank pays $70,000 flood insurance penalty
Issued by FRB
$4,800
North Shore Bank of Commerce pays $4,800 for flood insurance violations
Issued by FRB
$9,600
Select Bank pays $9,600 for flood insurance violations
Issued by FRB
$2,945,500
Regions Bank pays $2.95M for flood insurance violations
Issued by FRB
$2,614,456
PNC Bank, NA, pays $2.6M for flood insurance violations
Issued by OCC
$3,620,000
Michigan bank pays $3.6 million for flood insurance penalties
Issued by OCC
$40,500
Washington Federal pays flood penalty
Issued by OCC
$193,105.50
The Federal Savings Bank pays $193K flood penalty
Issued by OCC
$382,500
USAA FSB pays $382,500 flood insurance penalty
Issued by OCC
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$100,000
Former credit union BSA officer fined $100K for multiple BSA violations
Issued by FinCEN
$25 million
Shinhan Bank America fined $25M by FDIC, FinCEN, and NYSDFS
Issued by FDIC, FinCEN, State Agency
$15 million
Puerto Rican IBE pays $15M for willful BSA violations
Issued by FinCEN
$1,500,000
Kingdom Trust Company pays $1.5M BSA penalty
Issued by FinCEN
$600,000
Bank of Morton ordered to pay $600,000 for BSA violations
Issued by FDIC
$25 million
Shinhan Bank America fined $25M by FDIC, FinCEN, and NYSDFS
Issued by FDIC, FinCEN, State Agency
$7,500,000
Bancorp Bank pays BSA/AML penalty
Issued by FDIC
$225,000
California Pacific Bank to pay BSA/AML penalty
Issued by FDIC
$1,250,000
Alma Bank - BSA/AML penalty
Issued by FDIC
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$29,478,676
Metropolitan Commercial Bank fined $29.5M for CIP and vendor risk deficiencies
Issued by FRB, State Agency
$55.4 million
National Bank of Pakistan pays $55.4M for AML violations
Issued by FRB, State Agency
$15 million
U.S. Bancorp pays $15M for BSA/AML failures
Issued by FRB
$29 million
Mega International Commercial Bank pays $29M BSA penalty
Issued by FRB, State Agency
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$6,000,000
Sterling Bank and Trust FSB pays $6 million for failings
Issued by OCC
$9 million
CommunityBank of Texas fined for BSA/AML violations
$2,500,000
Washington Federal Bank pays $2.5M BSA/AML penalty
Issued by OCC
$39,000
NJ bank director and BSA officer pay for BSA violations
Issued by OCC
$38 million
Interactive Brokers LLC paying $38M for BSA/AML failures
$12,500,000
Bank of China NY Branch gets BSA fine
$1,300,000
Aegis Capital assessed $1.3 million for SAR filing failures
$16.5 million
FINRA fines Credit Suisse Securities $16.5M for AML faults
Issued by FINRA
$300,000
Albert Fried & Company pays for SAR failures
Issued by SEC
$20M plus $7.76M redress
CFPB orders TD Bank, N.A. to pay $27.76 million for credit reporting violations
Issued by CFPB
$7,452,501
State Street settles for $7.5M penalty with OFAC
Issued by OFAC
$6,097.72
Utah bank fined for failure to pay FDIC assessment
Issued by FDIC
$250,000,000
OCC fines JPMorgan Chase Bank, N.A. for inadequate monitoring
Issued by OCC
$98,167,980
Fed fines JPMorgan Chase & Co. $98.2M for inadequate monitoring
Issued by FRB