Corporate Applications:
November 1997
Vol. 10, No. 11
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. For copies of the evaluation, you should contact the bank directly or the
Office of the Comptroller of the Currency, Attn: Public Reference Room, Mailstop 1-5, Washington, D.C. 20219.
Members of the news media are encouraged to 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 |
|---|
| 804
| Bank may pay retail commissions for mutual funds sold under a back-end loan
structure and receive 12b-1 fees and contingent deterred sales charges as
compensation. (09/30/97)
| | 805
| Letter concludes that the "business of banking" includes 1) electronic imaging services
for other banks and financial institutions and 2)
electronic imaging services for non-banks if limited to
financial data and documents. (10/09/97) |
Corporate Decisions
| Letter No. | Topic |
|---|
| 97-91
| Application to merge Bank of Boston Connecticut, Hartford, Connecticut, into
BankBoston, N.A., Boston, Massachusetts; (Control Numbers 97ML020028), (10/14/97).
| | 97-92
| Notification by Bank of America, NT&SA, San Francisco, California, of its intent to
acquire General Fidelity Insurance Company;
(Control Number 97ML08010), (10/17/97).
| | 97-93
| Notification by SunTrust Bank, Nashville, N.A., Nashville, Tennessee, of its intent to
establish an operating subsidiary to reinsure mortgage insurance; (Control Number
97SE080029), (10/20/97).
| | 97-94
| Proposal by Chase Manhattan Bank USA, National Association, Wilmington,
Delaware, to purchase and assume certain deposit liabilities of The Chase Manhattan
Bank, New York, New York; (Control Number 97NE020039), (10/22/97).
| | 97-95
| Application of Hamilton Bank, N.A., Miami, Florida, to establish a branch in San
Juan Puerto Rico; (Control Number 97SE050196), (10/30/97).
| | 97-96
| Application to merge Signet Bank, Richmond, Virginia, with and into First Union
National Bank, Charlotte, North Carolina;
(Control Number 97ML020029), (11/09/97).
| | 97-97
| Notification by First Tennessee Bank, N.A., Memphis, Tennessee, of its intent to
establish an operating subsidiary to reinsure mortgage insurance; (Control Number
97SE080035), (11/10/97). |
Approvals with conditions enforceable under 12 U.S.C. 1818
| Letter No. | Topic |
|---|
| 258
| Application by The CATO Corporation to charter a national CEBA credit card bank
with the title "Cedar Hill National Bank," Lawrenceville, Georgia. (Control Number
97SE010002), 10/27/97
| | 259
| Union Planters National Bank, Memphis, Tennessee, proposed acquisition of an
operating subsidiary, Magna Insurance Company. (Control Number 97SE080033), 10/31/97 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 97-105, 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
October 15 through November 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, Comptroller of the Currency,
Washington, DC 20219.
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