Comptroller of the Currency, Administrator of National Banks Ensuring a Safe and Sound National Banking System for all Americans
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Corporate Applications:

February 1999

Vol. 12, 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. 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
850 Letter confirms that national banks may enter into contracts with an investment adviser to provide services to bank customers. 01/27/99

CRA Decisions
Letter No.Topic
85 Application to merge The Huntington State Bank, Alexandria, Ohio, with and into The Huntington National Bank, Columbus, Ohio, under the charter and title of the latter. (Control Number 98CE02079), 01/08/99
86 Application by First National Bank & Trust Company, Rogers, Arkansas, to purchase the Harrison, Arkansas branch of Arvest Savings Bank, Tulsa, Oklahoma. (Control Number 98SW020069), 01/28/99

Corporate Decisions
Letter No.Topic
99-06 Application by The Huntington National Bank, Columbus, Ohio, for its operating subsidiary to engage in real estate closing and escrow activities, in addition to its existing title insurance agency activities. (Control Number 98CE08035), 01/29/99

Approvals with conditions enforceable under 12 U.S.C. 1818
Letter No.Topic
300 Application by NationsBank, National Association, Charlotte, North Carolina, to establish an operating subsidiary to make a noncontrolling investment in Marisco Capital Management, L.L.C. (Control Number 98ML080022), 01/13/99
301 Application by Bank of America NT&SA, San Francisco, California and Citibank, NA, New York, New York, to invest in a limited liability company through existing operating subsidiaries. (Control Numbers 99WO080001 & 99WO80003), 01/15/99
302 Application of Union Planters Bank, N.A., Memphis, Tennessee, to acquire a noncontrolling interest in a corporation through an existing operating subsidiary. (Control Number 98SE080050), 01/21/99

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 99-9 , 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 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. When ordering, specify the appropriate enforcement action number.


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The Office of the Comptroller of the Currency was created by Congress to charter national banks, to oversee a nationwide system of banking institutions, and to assure that national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers.

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