Corporate Applications:
June 1997

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
781	Letter finds that national banks may invest in money market preferred securities as Type III securities, so long as they meet the applicable rating and marketability requirements of 12 C.F.R. Part 1. (04/09/97)
782	Interstate bank may use branch state rates with respect to credit card loans where credit card operations, prior to reorganization and following reorganization, were conducted in that state. (05/21/97)
783	Letter explains that financial institutions may receive positive consideration in their CRA evaluations for their contributions to the small business loan fund itself and for their contributions to the loan fund's operating expenses. (05/22/97)
784	Letters states that financial institutions that purchase the equity-equivalent investments would not be able to have loans brokered by the organization considered under the lending test. (05/30/97)
785	A shared appreciation mortgage ("SAM") loan is subject to the coverage of the Alternative Mortgage Transaction Parity Act of 1982, 12 U.S.C. 3801 et seq., and within the scope of the definition of an "adjustable rate mortgage" under the OCC's regulations implementing the Parity Act at 12 C.F. Part 34 Subpart B. (06/03/97)

No-Objection Letters

Letter No.	Topic
97-02	No-objection to proposed remuneration disclosures by Bank for riskless principal transactions in tax exempt municipal revenue bonds. (05/12/97)

Corporate Decisions

Letter No.	Topic
97-28	Application to merge First Security Bank of Oregon, Salem, Oregon, with and into First Security Bank, National Association, Ogden, Utah; (Control Number 97WEO20010), (05/14/97).
97-29	Application to merge U.S. Bank of California, Sacramento, California; U.S. Bank of Idaho, Boise, Idaho; U.S. Bank of Nevada, Las Vegas, Nevada; U.S. Bank of Utah, Salt Lake City, Utah; and U.S. Bank of Washington, N.A., Seattle, Washington, with and into United States National Bank of Oregon, Portland, Oregon; (Control Number 97WE02011), (05/19/97).
97-30	Applications of BayBank NH, NA to relocate to Burlington, Massachusetts; establish a branch at the former main office, and merge with and into BayBank, NA, Boston, Massachusetts; (Control Numbers 96NE070012, 96NE050038, & 96NE020011), (05/19/97).
97-31	Applications from The Miami County National Bank of Paola, Paola, Kansas to relocate its main office to Freeman, Missouri, and establish a branch at the former main office location; (Control Numbers 97MW07007 & 97MW05043), (05/31/97).
97-32	Applications by First Bank National Association, Minneapolis, Minnesota, to acquire First Bank, FSB, Fargo, North Dakota, and to engage in certain related transactions; (Control Numbers 97MWO10006 & 0007, 97MW020009 - 0028, 97MW020030 & 0031), (05/31/97).
97-33	Applications of Bank One Wisconsin Trust Company, N.A., Milwaukee, Wisconsin, into Bank One Alpha Interim Trust Company, N.A., Milwaukee, Wisconsin, and Bank One Trust Company, National Association, Columbus, Ohio; (Control Number 97ML020005), (06/01/97).
97-34	Applications of First of America - Florida, F.S.B., Tampa, Florida, First of America Bank - Indiana, Indianapolis, Indiana, and First of America Bank - Michigan, N.A., Grand Rapids, Michigan; (Control Numbers 97CE010017 & 97CE020017), (06/01/97).
97-35	Application to merge Bank Midwest, Minnesota Iowa, N.A., Okoboji, Iowa, with and into Bank Midwest, Minnesota Iowa, N.A., Fairmont, Minnesota; (Control Number 96MW020030), (06/01/97).
97-36	Application to merge Colorado National Bank, Denver, Colorado; Colorado National Bank Aspen, Aspen, Colorado; First Bank National Association, Chicago, Illinois, First Bank National Association, Omaha, Nebraska; First Bank of South Dakota (National Association), Sioux Falls, South Dakota; First Bank (National Association), Milwaukee, Wisconsin; First Interim Bank of Des Moines, N.A., Des Moines, Iowa; and First Interim Bank of Casper, N.A., Casper, Wyoming, with and into First Bank National Association, Minneapolis, Minnesota; (Control Number 97MWO20029), (06/01/97).
97-37	Application to merge First Union National Bank of Georgia, Atlanta, Georgia, and First Union National Bank of Florida, Jacksonville, Florida, with and into First Union National Bank of North Carolina, Charlotte, North Carolina; (Control Number 97ML020006), (06/01/97).
97-38	Merger applications of KeyBank National Association, Anchorage, Alaska; KeyBank National Association, Fort Collins, Colorado; Key Trust Company of Florida, N.A., Naples, Florida; KeyBank National Association, Boise, Idaho; KeyBank National Association, Portland, Maine; KeyBank National Association, Bedford, New Hampshire; KeyBank National Association, Albany, New York; KeyBank National Association, Portland, Oregon; KeyBank National Association, Burlington, Vermont; KeyBank National Association, Tacoma, Washington (formerly Key Bank of Washington); KeyBank National Association, Tacoma, Washington (formerly Key Savings Bank); KeyBank National Association, Salt Lake City, Utah; and KeyBank National Association, Cleveland, Ohio; (Control Number 97CE020018), (06/01/97).
97-39	Application to merge MetroBank-Illinois, National Association, East Moline, Illinois, with and into MetroBank, National Association, Davenport, Iowa; (Control Number 97CE020013), (06/01/97).
97-40	Application to merge NationsBank, National Association (South), Atlanta, Georgia, with and into NationsBank, National Association, Charlotte, North Carolina; (Control Number 97ML020007), (06/01/97).
97-41	Application to merge SouthTrust Bank of Russell County, Phenix City, Alabama; SouthTrust Bank of Florida, N.A., St. Petersburg, Florida; SouthTrust Bank of Northwest Florida, Marianna, Florida; SouthTrust Bank of Columbus, N.A., Columbus, Georgia; SouthTrust Bank of Georgia, N.A., Atlanta, Georgia; SouthTrust Bank of South Mississippi, Biloxi, Mississippi; SouthTrust Bank of North Carolina,Charlotte, North Carolina; SouthTrust Bank of South Carolina, N.A., Charleston, South Carolina; SouthTrust Bank of Tennessee, N.A., Nashville, Tennessee, with and into SouthTrust Bank of Alabama, N.A., Birmingham, Alabama; (Control Number 97SE020019), (06/01/97).
97-42	Application to merge Wachovia Bank of South Carolina, N.A., Charleston, South Carolina, and Wachovia Bank of Georgia, N.A., Augusta, Georgia, with and into Wachovia Bank of North Carolina, N.A., Winston-Salem, North Carolina; (Control Number 97SE020011), (06/01/97).
97-43	Application to merge Wells Fargo Bank (Colorado), N.A., Denver, Colorado, with and into Wells Fargo Bank, N.A., San Francisco, California; (Control Number 97ML020011), (06/01/97).
97-44	Application to merge Bank Calumet, National Association, Chicago Heights, Illinois, with and into Bank Calumet, National Association, Hammond, Indiana; (Control Number 97CE020026), (06/03/97).
97-45	Application to merge Deposit Guaranty National Bank of Louisiana, Hammond, Louisiana; Merchants National Bank, Fort Smith, Arkansas; Commercial National Bank, Shreveport, Louisiana, with and into Deposit Guaranty National Bank, Jackson, Mississippi; (Control Number 97SE020015), (06/04/97).
97-46	Application to merge The Huntington National Bank of Florida, Maitland, Florida; The Huntington National Bank of Indiana, Noblesville, Indiana; Huntington National Bank West Virginia, Charleston, West Virginia; Huntington Banks of Michigan, Troy, Michigan; The Huntington Trust Company, N.A., Columbus, Ohio; and The Huntington Trust Company of Florida, N.A., Naples, Florida, with and into The Huntington National Bank, Columbus, Ohio; (Control Number 97CE020008), (06/04/97).
97-47	Applications to merge Boatmen's Bank of Vandalia, Vandalia, Missouri, and twenty-two other affiliated banks with and into NationsBank, National Association, Charlotte, North Carolina; (Control Number 97ML02008 - 0009, & 0013), (06/06/97).

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

Letter No.	Topic
242	Notification by BankBoston, N.A., Boston, Massachusetts, that an existing operating subsidiary intends to perform a new activity. (Control Number 97ML080009), 05/07/97
243	Application of Chase Manhattan Bank USA, N.A., Wilmington, Delaware, to participate through one or more operating subsidiaries in joint ventures conducting residential mortgage lending services. (Control Number 97NE08013), 05/09/97
244	Application by TTC Holdings, Inc. to charter a national trust bank with the title of "The Trust Company, National Association," San Antonio, Texas. (Control Number 96SW010021), 05/09/97
245	Application of charter First Union Direct Bank, National Association, Augusta, Georgia, as an operating subsidiary of First Union National Bank of Georgia. (Control Numbers 97ML010001 & 97ML080002), 05/13/97
246	Applications to merge U.S. Bank of California, Sacramento, California; U.S. Bank of Boise, Idaho; U.S. Bank of Nevada, Las Vegas, Nevada; U.S. Bank of Utah, Salt Lake City, Utah; and U.S. Bank of Washington, N.A., Seattle, Washington, with and into United States National Bank of Oregon, Portland, Oregon; and to charter U.S. Bank Trust Company, N.A., Portland, Oregon. (Control Numbers 97WE010004 & 97WE020011), 05/19/97
247	Application by Mersco Finance Corporation to charter a national CEBA credit card bank with the title "Mercantile Stores National Bank," Baton Rouge, Louisiana. (Control Number 97SW010001), 05/27/97

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 97-62, 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 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.