Corporate Applications:
February 1997
Vol. 10, No. 2
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.
Pleases 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 |
| 767
|
A bank may treat as a Type 1 security a variable obligation secured by Type 1
securities if the bank complies with certain requirements. (01/09/97) |
No-Objection Letters
|
Letter No. | Topic |
| 97-01
|
No-objection to a Bank's proposal to adopt, in accordance with 12 C.F.R.
7.2000, a shareholder rights (anti-takeover) plan that is permitted under state
law and not inconsistent with federal banking statutes and regulations.
(12/31/96) |
Corporate Decisions
|
Letter No. | Topic |
| 97-07
|
Mellon Bank, N.A., Greensburg, PA, request for modification of a voluntary
commitment restricting purchases of mutual fund shares by Mellon Bank
Corporation; (Control Number 97WO120006), (01/29/97).
|
| 97-08
|
Application for National Bank of Petersburg, Petersburg, Illinois, to purchase
the assets and assume the liabilities of the Petersburg branch office of First
of America Bank - Illinois, National Association, Bannockburn, Illinois, under
the charter and title of National Bank of Petersburg; (Control Number
96CE02051), (01/5/97).
|
| 97-09
|
Application of Sierra National Bank, Tehachapi, California, to purchase certain
assets and assume certain liabilities of the Tehachapi branch office of Wells
Fargo Bank, National Association, San Francisco, California; (Control Number
96WE020033), (01/17/97).
|
| 97-10
|
Application of First & Ocean National Bank, Newburyport, Massachusetts, to
change its main office location to Seabrook, New Hampshire, and establish a new
branch at its former main office; (Control Numbers 96NE07047 & 96NE05178),
(02/10/97). |
Approvals with conditions enforceable under 12 U.S.C. 1818
|
Letter No. | Topic |
| 230
|
Letter of intent from Key Trust Company of Alaska, Anchorage, Alaska, to
convert to a national trust bank. (Control Number 97CE01006), 01/08/97
|
| 231
|
Application for a new bank charter limited to fiduciary powers with the title
of "Forethought National TrustBank," Batesville, Indiana. (Control Number
96CE01039), 01/30/97 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number
97-17, 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 January 15 through February 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.
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