Corporate Applications:
October 1999
Vol. 12, No. 10
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 |
|---|
| 866 |
Federal law preempts state laws that purport to preclude
national banks from soliciting trust business from customers
located in states other than where the bank's main office is
located. A national bank also may have trust representative
offices in its home state as well as other states to market
its fiduciary services. 10/08/99 |
CRA Decisions
| Letter No. | Topic |
|---|
| 99 |
Application by United National Bank, Monterey Park, California,
to relocate a branch. (Control Number 99 WE 07 015),
08/24/99 |
Corporate Decisions
| Letter No. | Topic |
|---|
| 99-32 |
Application by Chase Manhattan USA, NA, to expand the
activities of its mortgage reinsurance operating subsidiary
to include reinsuring mortgage insurance on serviced mortgage
loans. (Control Number 99 NE 08 0029),
09/20/99 |
| 99-33 |
Application by National Bank of Commerce, Memphis, Tennessee,
for additional powers for operating subsidiary engaged in the conduct
of title insurance agency activities and application for establishment
of a branch. (Control Number 99 SE 08 0036 & 99 SE 05 0131),
09/28/99 |
Approvals with conditions enforceable under 12 U.S.C. 1818
| Letter No. | Topic |
|---|
| 329 |
West Michigan National Bank & Trust, Frankfort, Michigan,
to elect the corporate governance provisions of Michigan law and
complete a reverse stock split in accordance with those provisions.
(Control Number 1999 CE 12 0076),
09/21/99 |
| 330 |
Application by First National Bank of Whitewright, Whitewright,
Texas, to establish a denovo branch in Grayson County, Texas.
(Control Number 1999 SW 05 0162),
09/30/99 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 99-96,
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 September 15 through October 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.
|
