Corporate Applications:
November 1996
Vol. 9, 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. 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: Communications, 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.
NOTICE: This document has been amended to correct errors.
As originally posted, Conditional Approval 220 was duplicated as Corporate Decision 96-64. Only the Conditional Approval
citation is correct, the correct Corporate Decision 96-64 is posted for December
Interpretive Letters
Letter No. | Topic |
753
| Letter concludes that a national bank insurance agency located in a "place of 5,000" should be permitted the
same marketing range and be able to use the same marketing tools and facilities available for licensed insurance agencies in
the state where the bank agency operates.
(11/04/96)
| 754
| National bank operating subsidiary to provide investment portfolio management services for the bank and computer
networking packages for other financial institutions. (11/06/96)
| 755
| Letter permits a bank to retain an excess investment in FHLB stock "where those purchases would facilitate plans,
as documented in the bank's business plans or similar documents, to fund purchases of residential housing finance
assets." (10/03/96)
| 756
| Bank may purchase a minority interest in a limited liability company to be formed with an unaffiliated corporation to
engage in the development, distribution and maintenance of computer software for cash management applications.
(11/05/96)
|
Corporate Decisions
Letter No. | Topic |
96-59
| Application to purchase the assets and assume the liabilities of the Hay Springs Branch of First National Bank of
Chadron, Chadron, Nebraska by the Stockmens National Bank of Rushville, Rushville, Nebraska, under the charter of and
title of the Stockmens National Bank of Rushville; (Control Number 96MW020022), (09/04/96).
| 96-60
| Application to merge Chemical Bank FSB, Palm Beach, Florida, with and into the Chase Manhattan Private Bank (Florida)
National Association, Tampa, Florida and Operate Branches of Chemical Bank FSB as branches of the Chase Manhattan Private
Bank (Florida) (Control Number 96NE020032), (10/31/96).
| 96-61
| Application from The First National Bank of Maryland, Baltimore, Maryland, to acquire The First National Bank of Maryland,
D.C., Washington, District of Columbia; (Control Number 96NE020036), (11/06/96).
| 96-62
| Application of Boatmen's National Bank of Oklahoma Tulsa, Oklahoma to Relocate a Branch to 2100 South Utica, City of Tulsa
Tulsa County, Oklahoma (Control Number 96MW070022), (11/12/96).
| 96-63
| Notification from Mellon Bank, National Association, Pittsburgh, Pennsylvania, to expand the activities of its operating
subsidiary, Mellon Insurance Agency, Inc., to engage in certain general insurance agency activities (Control Number 96NE080013),
(11/13/96).
|
Approvals with conditions enforceable under 12 U.S.C. 1818
Letter No. | Topic |
219
| Application by Chevron U.S.A. Inc., to charter a national CEBA credit card bank with the title "Chevron Credit Bank,
National Association, Murray City, Salt Lake County, Utah; (Control Number 96WE010004),
(11/13/96)
| 220
| Notices of Wells Fargo Bank, N.A., Michigan National Bank, First National Bank of Chicago, and Texas Commerce Bank of
intent to establish an operating subsidiary pursuant to 12 C.F.R. ยง 5.34 to become a member of limited liability Companies
Operating a Stored Value System; (Control Numbers 96WO080012, 96WO080013, 96WO080025, 96WO080026),
(12/02/96)
|
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 96-136, announcing the availability of
enforcement actions. Copies of the final actions are available by writing to the
Communications Division, OCC, 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 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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