Corporate Applications:
May 2000
Vol. 13, No. 5
IN THIS ISSUE:
PLEASE NOTE: Interpretive Letters and No-Objection Letters reflect the views of the
Comptroller's legal staff. Corporate Decisions, CRA Decisions and Conditional Approvals
are from the office of Bank Organization and Structure. The list of CRA Ratings is
from the Communications Division. For copies of the CRA evaluations, you may either
contact the bank directly, or you may write to the Office of the Comptroller of the
Currency (OCC) in any of three ways: by mail to the OCC, Attn: Public Information
Room, Mail Stop 1-5, Washington, D.C. 20219; by fax to (202) 874-4448; or by e-mail
to FOIA-PA@occ.treas.gov. You may also write to the OCC for copies of enforcement
actions and charters with standard conditions.
Members of the news media are encouraged to cite the letter number when reporting
or summarizing documents from this package. This helps us to process single requests
based upon your citation in a more timely manner.
Interpretive Letters
| Letter No. | Topic |
|---|
| 887 |
Letter approves a bank's non-controlling investment it had already made in a trust
established to purchase, own, and lease commercial aircraft.
WORD 04/30/2000 |
| 888 |
Letter addresses the authority of national bank to sell image processing and
storage as 1) a correspondent service for financial institutions, 2) a form of
processing banking, financial, and economic data, and 3) a sale of good faith
excess capacity. WORD 03/14/2000 |
| 889 |
Letter concludes that Banks may acquire an indirect non-controling interest
in an entity that will provide online securities trading and related services.
Letter addresses Internet hyperlinks between a bank's retail web page and the
web pages of third parties and expresses certain expectations on disclosures.
WORD 04/24/2000 |
CRA Decisions
| Letter No. | Topic |
|---|
| 105 |
Application by Northern National Bank, Nisswa, Minnesota, to establish a branch at
2111 Excelsior Road North, Baxter, Minnesota. (Control Number 2000 MW 05 0041),
WORD 04/19/2000 |
Corporate Decisions
| Letter No. | Topic |
|---|
| 2000-06 |
Application to merge County Bank, Prescott, Arizona, with and into National Bank
of Arizona, Tucson, Arizona. (Control Number 2000 WE 02 0007),
WORD 04/13/2000 |
Approvals with conditions enforceable under 12 U.S.C. 1818
| 384 |
Application of Union Planters Bank, N.A., Memphis, Tennessee, to acquire
and operating subsidiary to provide employee outsourcing and other human
resources services. (Control Number 2000 SE 08 0011),
WORD 04/25/2000 |
Charters with standard conditions
Each of the following charter application(s) were approved with a standard
condition enforceable under 12 U.S.C. 1818 that requires the bank, during the
first three years of its operation, to provide notice to the OCC in advance of
any significant deviations or changes from its proposed operating plan.
| Letter No. | Topic |
|---|
| 385 |
First National Bank of Hinckley, Hinckley, Minnesota,
(Control Number 2000 MW 01 004), WORD
04/06/2000 |
| 386 |
Oklahoma National Bank, Tulsa, Oklahoma,
(Control Number 1999 SW 01 0010), WORD
01/20/2000 |
| 387 |
Alabama Trust Bank, National Association, Sylacauga, Alabama, (Control Number 1999
SE 01 007), 04/14/2000 |
| 388 |
Canyon Community Bank, National Association, Tucson, Arizona, (Control Number
2000 WE 01 003), WORD 04/27/2000 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number
2000-39, 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 April 15 through May 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 70004, Chicago, IL 60673-0004. Prepayment is
requested. Suggestions, comments or questions may be sent to Jacqueline J. England,
Communications Division, Mailstop 3-2, Comptroller of the Currency, Washington, DC 20219.
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