share$447,125
Oriental Bank pays $447,125 for flood insurance violations
Issued by FDIC
Regulation Y - Bank Holding Companies and Change in Bank Control
Reg Letter:
Y
Issuing Agency:
FRB Letter Classification:
Reg info:
Authority: 12 U.S.C. 1817(j)(13), 1818, 1828(o), 1831i, 1831p-1, 1843(c)(8), 1844(b), 1851, 1972(1), 3106, 3108, 3310, 3331-3351, 3907, and 3909; 15 U.S.C. 6801 and 6805.
- Subpart A--General Provisions
- Sec. 225.1 Authority, purpose, and scope.
- Sec. 225.2 Definitions.
- Sec. 225.3 Administration.
- Sec. 225.4 Corporate practices.
- Sec. 225.5 Registration, reports, and inspections.
- Sec. 225.6 Penalties for violations.
- Sec. 225.7 Exceptions to tying restrictions.
- Sec. 225.8 Capital planning.
- Subpart B--Acquisition of Bank Securities or Assets
- Sec. 225.11 Transactions requiring Board approval
- Sec. 225.12 Transactions not requiring Board approval.
- Sec. 225.13 Factors considered in acting on bank acquisition proposals
- Sec. 225.14 Expedited action for certain bank acquisitions by well-run bank holding companies.
- Sec. 225.15 Procedures for other bank acquisition proposals.
- Sec. 225.16 Public notice, comments, hearings, and other provisions governing applications and notices.
- Sec. 225.17 Notice procedure for one-bank holding company formations.
- Subpart C--Nonbanking Activities and Acquisitions by Bank Holding Companies
- Sec. 225.21 Prohibited nonbanking activities and acquisitions; exempt bank holding companies.
- Sec. 225.22 Exempt nonbanking activities and acquisitions.
- Sec. 225.23 Expedited action for certain nonbanking proposals by well- run bank holding companies.
- Sec. 225.24 Procedures for other nonbanking proposals.
- Sec. 225.25 Hearings, alteration of activities, and other matters.
- Sec. 225.26 Factors considered in acting on nonbanking proposals.
- Sec. 225.27 Procedures for determining scope of nonbanking activities.
- Sec. 225.28 List of permissible nonbanking activities.
- Subpart D--Control and Divestiture Proceedings
- Sec. 225.31 Control proceedings.
- Subpart E--Change in Bank Control
- Sec. 225.41 Transactions requiring prior notice.
- Sec. 225.42 Transactions not requiring prior notice.
- Sec. 225.43 Procedures for filing, processing, publishing, and acting on notices.
- Sec. 225.44 Reporting of stock loans.
- Subpart F--Limitations on Nonbank Banks
- Sec. 225.52 Limitation on overdrafts.
- Subpart G--Appraisal Standards for Federally Related Transactions
- Sec. 225.61 Authority, purpose, and scope.
- Sec. 225.62 Definitions.
- Sec. 225.63 Appraisals required; transactions requiring a State certified or licensed appraiser.
- Sec. 225.64 Minimum appraisal standards.
- Sec. 225.65 Appraiser independence.
- Sec. 225.66 Professional association membership; competency.
- Sec. 225.67 Enforcement.
- Subpart H--Notice of Addition or Change of Directors and Senior Executive Officers
- Sec. 225.71 Definitions.
- Sec. 225.72 Director and officer appointments; prior notice requirement.
- Sec. 225.73 Procedures for filing, processing, and acting on notices; standards for disapproval; waiver of notice.
- Subpart I--Financial Holding Companies
- Sec. 225.81 What is a financial holding company?
- Sec. 225.82 How does a company elect to become a financial holding company?
- Sec. 225.83 What are the consequences of failing to continue to meet applicable capital and management requirements?
- Sec. 225.84 What are the consequences of failing to maintain a satisfactory or better rating under the Community Reinvestment Act at all insured depository institution subsidiaries?
- Sec. 225.85 Is notice to or approval from the Board required prior to engaging in a financial activity?
- Sec. 225.86 What activities are permissible for any financial holding company?
- Sec. 225.87 What is a financial holding company?
- Sec. 225.88 How to request the Board to determine that an activity is financial in nature or incidental to a financial activity?
- Sec. 225.89 How to request approval to engage in an activity that is complementary to a financial activity?
- Sec. 225.90 What are the requirements for a foreign bank to be treated as a financial holding company?
- Sec. 225.91 How may a foreign bank elect to be treated as a financial holding company?
- Sec. 225.92 How does an election by a foreign bank become effective?
- Sec. 225.93 What are the consequences of a foreign bank failing to continue to meet applicable capital and management requirements?
- Sec. 225.94 What are the consequences of an insured branch or depository institution failing to maintain a satisfactory or better rating under the Community Reinvestment Act?
- Interpretations
- Sec. 225.101 Bank holding company's subsidiary banks owning shares of nonbanking companies.
- Sec. 225.102 Bank holding company indirectly owning nonbanking company through subsidiaries.
- Sec. 225.103 Bank holding company acquiring stock by dividends, stock splits or exercise of rights.
- Sec. 225.104 ``Services'' under section 4(c)(1) of Bank Holding Company Act.
- Sec. 225.107 Acquisition of stock in small business investment company.
- Sec. 225.109 ``Services'' under section 4(c)(1) of Bank Holding Company Act.
- Sec. 225.111 Limit on investment by bank holding company system in stock of small business investment companies.
- Sec. 225.112 Indirect control of small business concern through convertible debentures held by small business investment company.
- Sec. 225.113 Services under section 4(a) of Bank Holding Company Act.
- Sec. 225.115 Applicability of Bank Service Corporation Act in certain bank holding company situations.
- Sec. 225.118 Computer services for customers of subsidiary banks.
- Sec. 225.121 Acquisition of Edge corporation affiliate by State member banks of registered bank holding company.
- Sec. 225.122 Bank holding company ownership of mortgage companies.
- Sec. 225.123 Activities closely related to banking.
- Sec. 225.124 Foreign bank holding companies.
- Sec. 225.125 Investment adviser activities.
- Sec. 225.126 Activities not closely related to banking.
- Sec. 225.127 Investment in corporations or projects designed primarily to promote community welfare.
- Sec. 225.129 Activities closely related to banking.
- Sec. 225.130 Issuance and sale of short-term debt obligations by bank holding companies.
- Sec. 225.131 Activities closely related to banking.
- Sec. 225.132 Acquisition of assets.
- Sec. 225.133 Computation of amount invested in foreign corporations under general consent procedures.
- Sec. 225.134 Escrow arrangements involving bank stock resulting in a violation of the Bank Holding Company Act.
- Sec. 225.136 Utilization of foreign subsidiaries to sell long-term debt obligations in foreign markets and to transfer the proceeds to their United States parent(s) for domestic purposes.
- Sec. 225.137 Acquisitions of shares pursuant to section 4(c)(6) of the Bank Holding Company Act.
- Sec. 225.138 Statement of policy concerning divestitures by bank holding companies.
- Sec. 225.139 Presumption of continued control under section 2(g)(3) of the Bank Holding Company Act.
- Sec. 225.140 Disposition of property acquired in satisfaction of debts previously contracted.
- Sec. 225.141 Operations subsidiaries of a bank holding company.
- Sec. 225.142 Statement of policy concerning bank holding companies engaging in futures, forward and options contracts on U.S. Government and agency securities and money market instruments.
- Sec. 225.143 Policy statement on nonvoting equity investments by bank holding companies.
- Sec. 225.145 Limitations established by the Competitive Equality Banking Act of 1987 on the activities and growth of nonbank banks.
- Subpart J--Merchant Banking Investment
- Sec. 225.170 What type of investments are permitted by this subpart, and under what conditions may they be made?
- Sec. 225.171 What are the limitations on managing or operating a portfolio company held as a merchant banking investment?
- Sec. 225.172 What are the holding periods permitted for merchant banking investments?
- Sec. 225.173 How are investments in private equity funds treated under this subpart?
- Sec. 225.174 What aggregate thresholds apply to merchant banking investments?
- Sec. 225.175 What risk management, record keeping and reporting policies are required to make merchant banking investments?
- Sec. 225.176 How do the statutory cross marketing and sections 23A and B limitations apply to merchant banking investments?
- Sec. 225.177 Definitions
- Subpart K – Proprietary Trading and Relationships with Hedge Fund and Private Equity Funds
- Sec. 225.180 Definitions.
- Sec. 225.181 - Conformance Period for Banking Entities Engaged in Prohibited Proprietary Trading or Private Fund Activities .
- Sec. 225.182 - Conformance Period for Nonbank Financial Companies Supervised by the Board Engaged in Proprietary Trading or Private Fund Activities.
- Subpart L – Conditions to Orders
- Sec. 225.200 Conditions to Orders
- APPENDICES
- Appendix A to Part 225--Capital Adequacy Guidelines for Bank Holding Companies: Risk-Based Measure
- Appendix B to Part 225--Capital Adequacy Guidelines for Bank Holding Companies and State Member Banks: Leverage Measure
- Appendix C to Part 225--Small Bank Holding Company Policy Statement
- Appendix D to Part 225--Capital Adequacy Guidelines for Bank Holding Companies: Tier 1 Leverage Measure
- Recent Federal Register Documents Affecting this Regulation
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