# Rules of Practice for Hearings
> **US Federal Reserve System** · Final rule. · Published 1996-11-01 · Effective 1996-10-24 · 61 FR 56407
## Document
- **Document number:** 96-28017
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 61 FR 56407
- **CFR reference:** 12 CFR 263
- **Publication date:** 1996-11-01
- **Effective date:** 1996-10-24
- **Docket:** Docket No. R-0938
## Abstract

The Board of Governors of the Federal Reserve System (Board) is amending its Rules of Practice for Hearings to include a section listing increases in the maximum amounts of each civil money penalty (CMP) under its jurisdiction. The Board is required to enact such regulation by the Debt Collection Improvements Act of 1996 (Debt Collection Act), which requires agencies to adjust their statutorily based civil money penalties to account for inflation.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/11/01/96-28017/rules-of-practice-for-hearings)
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