[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR263.61]

[Page 755]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 263--RULES OF PRACTICE FOR HEARINGS--Table of Contents
 
 Subpart C--Rules and Procedures for Assessment and Collection of Civil 
                             Money Penalties
 
Sec. 263.61  Opportunity for informal proceeding.

    In the sole discretion of the Board's General Counsel, the General 
Counsel may, prior to the issuance by the Board of a notice of 
assessment of civil penalty, advise the affected person that the 
issuance of a notice of assessment of civil penalty is being considered 
and the reasons and authority for the proposed assessment. The General 
Counsel may provide the person an opportunity to present written 
materials or request a conference with members of the Board's staff to 
show that the penalty should not be assessed or, if assessed, should be 
reduced in amount.