The Board issued a final rule that amends Regulation I to automate nonmerger-related adjustments to member banks’ subscriptions to Federal Reserve Bank capital stock. More... The final rule also makes certain technical amendments to Regulation I and conforming revisions to the FR 2056 reporting form. The final rule is effective February 14, 2022 (Regulation I, Docket R-1745) and was published in the Federal Register on January 13, 2022.

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule to reflect inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. More... This rule adjusts certain maximum civil monetary penalties within the jurisdiction of FinCEN to the amounts required by the act. The final rule is effective January 24, 2022 (Department of the Treasury, Financial Crimes Enforcement Network), the same day it was published in the Federal Register.

The Board issued a final rule amending its rules of practice and procedure to adjust the amount of each civil money penalty provided by law within its jurisdiction to account for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. More... The final rule is effective January 14, 2022 (Procedural and Organizational Rules, Rules of Practice for Hearings, Docket R-1759), the same day it was published in the Federal Register.