Corporate Applications:
April 1997
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.
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