Corporate Applications:

Vol. 10, No. 4

IN THIS ISSUE:

PLEASE NOTE: Interpretive Letters and No Objection Letters reflect the views of the Comptroller's legal staff. Corporate Decisions and Decisions (CRA) are from the office of Bank Organization and Structure. The list of CRA Ratings is from the Communications Division. Copies of documents not available electronically should be requested by e-mail or by postal mail from the Office of the Comptroller of the Currency, Attn: Public Reference Room, Mailstop 1-5, Washington, D.C. 20219.

Please cite the letter number when reporting or summarizing documents from this package. This helps to process single requests in a more timely manner.

Interpretive Letters

Letter No.	Topic
774	Mortgage loans by institutions to fund part of a program to provide affordable housing could be treated either as loans or investments for purposes of the CRA regulations. (10/02/96)
775	Letter concerns whether a bank would receive positive CRA consideration for its participation in one of several community service programs offered by a financial form company. (11/04/96)
776	Letter concerns the exportation of main office state credit card rates by interstate national bank. (03/18/97)
777	National banks may invest in trust preferred securities as Type III securities, so long as they meet the applicable rating and marketability requirements of 12 C.F.R. 1. (04/08/97)

Corporate Decisions

Letter No.	Topic
97-16	Application to merge First Federal Savings Bank of Western Maryland, Cumberland, Maryland, with and into American Trust Bank, National Association, Cumberland, Maryland, under the charter and title of American Trust Bank, National Association; (Control Number 96NEO2047) (03/07/97).
97-17	Application to establish a branch for First National Bank of South Georgia; (Control Number 96SEO50189), (03/14/97).
97-18	Applications by First National Bank of the Rockies, Meeker, Colorado, to purchase and assume the assets and liabilities of The Rocky Mountain State Bank and The Rio Blanco State Bank, Rangley, Colorado; (Control Number 97WE020004), (03/12/97).
97-19	Application of The Canaan National Bank, Canaan, Connecticut, to establish a branch in South Egremont, Massachusetts; (Control Number 97NE050115), (03/20/97).
97-20	The application to merge Boatmen's Credit Card Bank, Albuquerque, New Mexico, with and into NationsBank of Delaware, N.A., Dover, Delaware; (Control Number 97ML020002), (03/20/97).
97-21	Application of National Capital Bank of Washington, Washington, District of Columbia, to establish a messenger service branch in the District of Columbia, Maryland, and Virginia; (Control Number 97NE050021), (04/01/97).
97-22	Application to purchase certain assets and assume certain liabilities of Republic Bank, Ann Arbor, Michigan, by Hillsdale County National Bank, Hillsdale, Michigan, under the charter and title of Hillsdale County National Bank; (Control Number 97CE020007), (04/01/97).
97-23	The applications of Associates National Bank (Delaware), Wilmington, Delaware, to purchase substantially all of the assets of Texaco Credit Card Bank, National Association, Omaha, Nebraska, and JCPenney National Bank, Harrington, Delaware; (Control Numbers 97NE020003 & 97 NE020004), (04/09/97).

Approvals with conditions enforceable under 12 U.S.C. 1818

Letter No.	Topic
235	Application to charter a national trust bank, Mellon Trust of Florida, National Association, North Miami Beach, Florida, as an operating subsidiary of The Boston Company, Inc., which is a subsidiary of Mellon Bank Corporation. (Control Number 97NE01024), 03/13/97
236	The First National Bank, Conway Springs, Kansas, notification of intent to establish an operating subsidiary to manage its investment portfolio and acquire a fifty percent interest in an insurance agency. (Control Number 97MW080011), 04/03/97

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 97-41, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Public Reference Room, Mailstop 1-5, Washington, D.C. 20219. When ordering, specify the appropriate Enforcement Action Number.

COMMUNITY REINVESTMENT ACT (CRA) Performance Evaluations

Enclosed is a list of CRA performance evaluations that became public during the period of March 15 through April 14.

INTERPRETATIONS AND ACTIONS is published monthly by the Office of the Comptroller of the Currency. Subscriptions are available at a rate of $175 per year by writing to the Comptroller of the Currency, P.O. Box 73150, Chicago, IL 60673-7150. Prepayment is requested. Suggestions, comments or questions may be sent to Jacqueline J. England, Communications Division, Comptroller of the Currency, Washington, DC 20219.