[Code of Federal Regulations]
[Title 12 Volume 1]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR3.14]

[Page 17]
 
                       TITLE 12--BANKS AND BANKING
 
   CHAPTER I--COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
 
PART 3--MINIMUM CAPITAL RATIOS; ISSUANCE OF DIRECTIVES--Table of Contents
 
                         Subpart D--Enforcement
 
Sec. 3.14  Remedies.


    A bank that does not have or maintain the minimum capital ratios 
applicable to it, whether required in subpart B of this part, in a 
decision pursuant to subpart C of this part, in a written agreement or 
temporary or final order under 12 U.S.C. 1818 (b) or (c), or in a 
condition for approval of an application, or a bank that has failed to 
submit or comply with an acceptable plan to attain those ratios, will be 
subject to such administrative action or sanctions as the OCC considers 
appropriate. These sanctions may include the issuance of a Directive 
pursuant to subpart E of this part or other enforcement action, 
assessment of civil money penalties, and/or the denial, conditioning, or 
revocation of applications. A national bank's failure to achieve or 
maintain minimum capital ratios in Sec. 3.6 (a) or (b) may also be the 
basis for an action by the Federal Deposit Insurance Corporation to 
terminate federal deposit insurance. See 12 CFR 325.4.

[55 FR 38801, Sept. 21, 1990]