[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: 12CFR269b.230]

[Page 842-843]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 269b--CHARGES OF UNFAIR LABOR PRACTICES--Table of Contents
 
Sec. 269b.230  Assessment of costs; posting of bond.

    (a) The panel shall normally bear the costs of an investigation 
conducted pursuant to Sec. 269b.210, but the panel may require that the 
charging party, the respondent, and/or other parties in interest or 
intervenors, or several of them, shall bear a portion or all of the 
costs therefor. With respect to each case where an investigation is 
directed by the panel, the charging party may, in the discretion of the 
panel, be required to file a cost bond, or equivalent security, of $500, 
unless the panel fixes a different amount.
    (b) Among the circumstances that may be the basis for payment of 
costs by other than the panel are cases where a clearly spurious charge 
has been filed or where the filing of a charge was necessary to redress 
the respondent's flagrant misconduct.
    (c) The bond or equivalent security shall be to secure the payment 
of the costs of the investigation as may be assessed by the panel. In 
those cases where the panel does not assess such costs, the bond posted 
and the cost thereof shall be reimbursed to the charging party. The 
panel may require also the posting of a cost bond by the respondent or 
other party to the proceeding, who shall be entitled to reimbursement of 
the cost of the bond in the event that no costs of investigation are 
assessed upon such party by the panel.

[[Page 843]]

    (d) Notification of the panel's decision that a bond shall be 
required shall be effected by registered mail, such notice to advise of 
the amount of the bond required and the period by which it shall be 
posted.
    (e) Absent good cause shown, failure of a party to file timely such 
cost bond or equivalent security may be ground for dismissal or other 
administrative sanctions deemed appropriate by the Panel.