Enforcement

The Federal Reserve may take informal and formal enforcement actions against entities it supervises and individuals affiliated with such entities, for violations of laws, rules or regulations, unsafe or unsound practices, breaches of fiduciary duty, and violations of written commitments. Formal actions include cease and desist orders, written agreements, PCA Directives, removal and prohibition orders, and orders assessing civil money penalties. Informal enforcement actions are used when circumstances warrant a less severe form of action than a formal action. Examples of informal actions include: commitments, board resolutions, and memoranda of understanding.

Policy Letters

Enforcement

Interagency Statement on Restrictions on Conversions of Troubled Banks

Supervision of Savings and Loan Holding Companies (SLHCs)

Interagency BSA/AML Enforcement Policy Statement

Suspicious Activity Reports and Enforcement Actions against Individuals

Guidance Regarding Restrictions on Institutions in Troubled Condition

Civil Money Penalty Assessment Procedures

Policy Statement on Interagency Notification and Coordination of Enforcement Actions

Civil Money Penalties and the Use of the Civil Money Penalty Assessment Matrix

Additional Resources

Manual References

Back to Top
Last Update: April 21, 2017