share$447,125
Oriental Bank pays $447,125 for flood insurance violations
Issued by FDIC
Regulation U - Credit by Banks and Persons other than Brokers or Dealers for the Purpose of Purchasing or Carrying Margin Stock
Reg Letter:
U
Issuing Agency:
FRB Letter Classification:
Reg info:
- Sec. 221.1 Authority, purpose, and scope.
- Sec. 221.2 Definitions.
- Sec. 221.3 General requirements.
- Sec. 221.4 Employee stock option, purchase, and ownership plans.
- Sec. 221.5 Special purpose loans to brokers and dealers.
- Sec. 221.6 Exempted transactions.
- Sec. 221.7 Supplement: Maximum loan value of margin stock and other collateral.
- Interpretations
- Sec. 221.101 Determination and effect of purpose of loan.
- Sec. 221.103 Loans to brokers or dealers.
- Sec. 221.104 Federal credit unions.
- Sec. 221.106 Reliance in ‘‘good faith’’ on statement of purpose of loan.
- Sec. 221.107 Arranging loan to purchase open-end investment company shares.
- Sec. 221.108 Effect of registration of stock subsequent to making of loan.
- Sec. 221.109 Loan to open-end investment company.
- Sec. 221.110 Questions arising under this part.
- Sec. 221.111 Contribution to joint venture as extension of credit when the contribution is disproportionate to the contributor’s share in the venture’s profits or losses.
- Sec. 221.112 Loans by bank in capacity as trustee.
- Sec. 221.113 Loan which is secured indirectly by stock.
- Sec. 221.114 Bank loans to purchase stock of American Telephone and Telegraph Company under Employees’ Stock Plan.
- Sec. 221.115 Accepting a purpose statement through the mail without benefit of face-to-face interview.
- Sec. 221.116 Bank loans to replenish working capital used to purchase mutual fund shares.
- Sec. 221.117 When bank in ‘‘good faith’’ has not relied on stock as collateral.
- Sec. 221.118 Bank arranging for extension of credit by corporation.
- Sec. 221.119 Applicability of plan-lender provisions to financing of stock options and stock purchase rights qualified or restricted under Internal Revenue Code.
- Sec. 221.120 Allocation of stock collateral to purpose and nonpurpose credits to same customer.
- Sec. 221.121 Extension of credit in certain stock option and stock purchase plans.
- Sec. 221.122 Applicability of margin requirements to credit in connection with Insurance Premium Funding Programs.
- Sec. 221.123 Combined credit for exercising employee stock options and paying income taxes incurred as a result of such exercise.
- Sec. 221.124 Purchase of debt securities to finance corporate takeovers.
- Sec. 221.125 Credit to brokers and dealers.
First published on:
12/10/2013
Banker Tools View All
A collection of useful resources for various areas of the bank which have been developed by members of the BankersOnline staff or have been created and contributed by users of the BankersOnline site.
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