The Federal Reserve controls the following entities and has the legal authority to take formal enforcement action against them: informal surveillance instruments are used when circumstances warrant a less stringent form of measures than the formal surveillance measures described above. Informal measures are not applicable and their infringement cannot be used as a basis for assessing a civil fine or launching removal and prohibition action. Informal measures are not published or made public. These informal measures include: Note: Enforcement measures against federally chartered savings associations prior to July 21, 2011 are only available in the OTS Enforcement Order Archive (XLS). Information about the data fields used in this table can be found in the definitions of the Mandatory Orders List (PDF). To obtain a copy of a paper order, agreement or policy, you can submit an application electronically via the OCC`s WEB DE FOIA website. The Federal Reserve Board announced Thursday the implementation of the enforcement measures listed below: the Federal Reserve Board has a wide range of enforcement powers, both vis-à-vis foreign and foreign financial institutions and those with their relatives. In general, informal or formal enforcement actions are taken as a result of bank supervision, but they can also be taken when a reserve bank recognizes that a problem in a bank requires immediate attention and correction. Maintaining a close relationship with your primary banking regulator or supervisory authority is important and can be useful in case of enforcement problems. (See the life cycle theme: “The Monitoring Process and Regulatory Relations.”) Enforcement actions taken against the following institutions and their institutional parties can be found on the website of the institution`s regulatory authority as follows: If the circumstances justify a less serious form of formal prudential action, a written agreement may be used. A written agreement can be reached either with the board of directors or with the reserve bank under delegated authority. The agreement may address one of the problems identified by the Bank or problems involving parties close to the institution. These are formal enforcement measures that the Office of the Comptroller of the Currency (OCC) has the authority to take action against financial institutions that oversee the CCO and associated parties.
For more information on actions taken against the CCO, please refer to the following guidelines and procedural manuals: The OCC may take enforcement action for violations of laws, regulations or regulations, final decisions or conditions imposed in writing; uncertain or unsyt solid practices and in the event of a breach of the duty of trust by the parties close to the institute (IICS).