Corporate Applications:

Vol. 10, No. 8

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 to 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
791	Letter states that national banks may invest in New Jersey State Pension Funding Bonds and that such instruments would be subject to a 20 percent risk weight. (07/10/97)
792	Letter discusses whether an institution that invests in an entity that supports small businesses in the institutions's assessment area receive positive consideration for making a "qualified investment" under the CRA regulations. (07/25/97)
793	Letter discusses how an examiner would determine whether loans for renovation of a housing project would receive favorable consideration under the CRA regulations. (08/05/97)

Corporate Decisions

Letter No.	Topic
97-61	Application to consolidate Community First Bank, Maysville, Kentucky, with and into Community First Bank, National Association, Ripley, Ohio; (Control Number 97CEO20039), (06/19/97).
97-62	Application by Community Bank, National Association, Canton, New York, to purchase and assume the twelve branches located in northern New York of Fleet Bank, Albany, New York; (Control Number 97NE02013), (06/26/97).
97-63	Applications by First Bank of Baldwin County, Robertsdale, Alabama, to convert to a national bank, and relocate its main office to Cantonment, Florida; (Control Numbers 97SE010014 & 97SE070020), (07/01/97).
97-64	Application to charter First Value Bank, National Association, Grand Chute, Wisconsin; (Control Number 97CE010013), (07/14/97).
97-65	Application to merge Progressive Bank, National Association - Bellaire, Bellaire, Ohio, with and into Progressive Bank, National Association, Wheeling, West Virginia; (Control Number 97NE020029), (08/08/97).
97-66	Application to purchase the assets and assume the liabilities of the Auburn branch of American National Bank, Nebraska City, Nebraska, by The First National Bank of Johnson under the charter and title of The First National Bank of Johnson; (Control Number 97MW020045), (07/09/97).
97-67	Application to purchase the assets and assume the liabilities of the Seward branch of American National Bank, Nebraska City, Nebraska, by The Jones National Bank and Trust Company of Seward, Seward, Nebraska under the charter and title of The Jones National Bank and Trust Company of Seward; (Control Numbers 97MW020046), (07/09/97).
97-68	Application to merge First Bank National Association, Minneapolis, Minnesota and First National Bank of East Grand Forks, East Grand Forks, Minnesota; (Control Number 97MW020044), (07/10/97).
97-69	Application to merge First American Bank, N.A., Wahpeton, North Dakota, with and into First American Bank, N.A., Breckenbridge, Minnesota; (Control Number 97MWO20039), (07/10/97).
97-70	Applications to merge Magna Bank, FSB, Des Moines, Iowa; Magna Bank, Indianola, Iowa; Magna Bank, Monticello, Iowa, and Magna Bank, Oelwein, Iowa, with and into Magna Bank, National Association, Waterloo, Iowa and subsequently to merge Magna Bank, National Association, Waterloo, Iowa, with and into Magna Bank, National Association, Brentwood, Missouri and to engage in certain related transactions; (Control Numbers 97CE02030 thru 037), (07/14/97).
97-71	Application to merge First Union National Bank of South Carolina, Greenville, South Carolina; First Union National Bank of Tennessee, Nashville, Tennessee; First Union National Bank of Virginia, Roanoke, Virginia; First Union National Bank of Washington, D.C., Washington, D.C.; First Union National Bank of Maryland, Rockville, Maryland; and First Union National Bank of Connecticut, Stamford, Connecticut, with and into First Union National Bank, Charlotte, North Carolina; (Control Number 97ML020012), (07/14/97).
97-72	Application to merge First American Bank, N.A., Lisbon, North Dakota, with and into First American Bank, N.A., Moorhead, Minnesota; (Control Number 97MW020040), (07/21/97).
97-73	Application to merge Tri-State Bank, Montpelier, Idaho, with and into Zions First National Bank, Salt Lake City, Utah; (Control Number 97WE020024), (07/30/97).
97-74	Application to merge United States National Bank of Oregon, Portland, Oregon, with First Bank National Association, East Grand Forks, Minnesota; (Control Number 97MW020052), (07/31/97).
97-75	Applications to merge Boatmen's National Bank of Arkansas, Little Rock, Arkansas, twenty-five other affiliated banks, and NationsBank, National Association, Charlotte, North Carolina; (Control Numbers 97ML020020 thru 0024), (08/07/97).
97-76	Application of Union County National Bank of Liberty, Liberty, Indiana, to establish a branch in Oxford, Ohio; (Control Number 97CE050075), (08/07/97).

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

Letter No.	Topic
250	Application by Webster Financial Corporation to charter a national trust bank with the title "Webster Trust Company, National Association," Waterbury, Connecticut, and consolidate the proposed bank with Sachem Trust, National Association, Guilford, Connecticut. (Control Number 97NE010012 and 97NE020025), 07/31/97
251	Application by Zale Delaware, Inc. to charter a national CEBA credit card bank with the title "Jewelers National Bank," Tempe, Arizona. (Control Number 97WE010002), 08/04/97
252	Application to charter a national trust bank, Chase Trust Company, National Association, Los Angeles, California; application to consolidate The Chase Manhattan Trust Company of California, National Association, San Francisco, California, and Chase Trust Company of California, San Francisco, California, with New Trust (Organizing) under the charter of the latter and with the title of Chase Manhattan Bank and Trust Company, National Association, ("Resulting Bank"), Los Angeles, California; and the purchase and assumption of the assets and liabilities of the Century City, Los Angeles, branch of Chase Manhattan Private Bank, National Association, Tampa, Florida by Resulting Bank. (Control Numbers 97NE010013, 97NE020027, & 97NE020028), 08/12/97

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 97-80, 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 July 15 through August 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.