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


Status of Certain Investment Funds and their Portfolio Investments for Purposes of Regulation O and Reporting Requirements under Part 363 of FDIC Regulations

Policy Statement on Whistleblower Claims

Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements

Statement Regarding Insurance Policies for Directors and Officers

Policy Statement on Interagency Notification of Formal Enforcement Actions

Interagency Statement on Restrictions on Conversions of Troubled Banks

Suspicious Activity Reports and Enforcement Actions against Individuals

Guidance Regarding Restrictions on Institutions in Troubled Condition

Guidance Regarding Indemnification Agreements and Payments

Civil Money Penalty Assessment Procedures

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

Additional Resources

Manual References

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Last Update: December 15, 2023