Corporate Applications:

Vol. 12, No. 3

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, Mail-stop 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
851	Approval for bank to hold a direct, minority investment in an limited liability company to engage in investment advisory activities. 12/08/98
852	Approval of a direct, minority investment in a limited liability company to perform servicing of credit card accounts (merchant processing). 12/11/98
853	Approval for bank to make a direct, noncontrolling, minority equity investment in a joint venture structured as a limited liability corporation with an unaffiliated mortgage company. 02/16/99
854	Approves noncontrolling equity investments for four national banks in a merged ATM network that will be the successor to an ATM network in which they already hold noncontrolling equity investments. 02/25/99
855	Letter confirms that the bank may directly acquire a noncontrolling, minority interest in a Delaware corporation and thereby acquire indirectly, a noncontrolling minority interest in the corporation's sole subsidiary engaged in providing stored value systems. 03/01/99
856	Business of banking includes offering to merchant customers a commercially enabled retail Web site hosting service so that participating merchants can receive and process credit card orders over the Internet. 03/05/99

CRA Decisions

Letter No.	Topic
87	Application to charter Albany Bank & Trust, National Association, Albany, Georgia. (Control Number 98SE010024), 02/09/99
88	Application by San Diego National Bank, San Diego, California, to establish a branch in La Jolla, California. (Control Number 99WE05007), 02/18/99
89	Applications of Bank of America National Trust and Savings Association, San Francisco, California, Bank of America, Texas, National Association, Dallas, Texas, and NationsBank, National Association, Charlotte, North Carolina. (Control Numbers 98ML020040 & 98ML020041), 02/19/99

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

Letter No.	Topic
303	Application by Champaign National Bank and Trust, Urbana, Ohio, to establish a wholly-owned operating subsidiary to acquire and hold a 50 percent noncontrolling interest in a limited liability company. (Control Number 98CE080036), 02/16/99

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 99-27, 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 February 15 through March 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.