Corporate Applications:
January 2006 |
Vol. 19, No. 1
|
IN THIS ISSUE:
Interpretive Letters
Letter No. |
Topic |
1046 |
National bank may make an equity investment in a LLC
that will fund venture capital investments in small businesses.
WORD 12/14/2005 |
1047 |
Letter concludes that a national trust company may
sponsor a closed-end investment fund that will be exempt from registration
under the Investment Company Act of 1940. Letter also concludes that because
the fund's underlying portfolio consists of bank eligible investments, the
particular types of national banks proposed may purchase the described fund
shares pursuant to 12 CFR 1.3(h)(2), subject to specific safe and sound banking
practices and a 1% aggregate investment limitation. 12/20/2005 |
1048 |
National bank may extend credit to wind energy project
and hold an indirect interest in real estate held by the project by acquiring
an interest in the LLC that owns the project. The proposed structure
facilitates the provision of financing by permitting the bank to receive
federal tax credits and reducing the cost of financing.
WORD 12/21/2005 |
1048a |
Letter restating the restrictions and limitations
associated with a transaction involving a wind energy project discussed in OCC
Interpretive Letter 1048. 03/03/2006 |
1049 |
Letter determines the appropriate credit conversion
factor and risk weights to apply to a multipurpose loan commitment.
WORD 01/17/2006 |
CRA Decisions
Letter No. |
Topic |
130 |
Application to merge City National Bank and Trust,
Gloversville, New York, with and into NBT Bank, National Association, Norwich,
New York under the title and charter number of the latter. (Control Number 2005
NE 02 0023), WORD
12/15/2005 |
131 |
Application to merge Hudson United Bank, Mahwah, New
Jersey, with and into TD Banknorth, National Association, Portland, Maine under
the charter and title of the latter. (Control Number 2005 NE 02 032),
WORD
12/22/2005 |
Corporate Decisions
Letter No. |
Topic |
2006-01 |
Change in Bank Control Act Notice submitted by Bippy
Siegal to acquire control of Excel Bank, National Association, New York, New
York. (Control Number 2005 NE 11 0002),
WORD 11/22/2005 |
2006-02 |
Notice of Change in Bank Control involving The Private
Trust Company, National Association, Cleveland, Ohio. (Control Number 2005 CE
11 001), WORD
12/27/2005 |
Approvals with conditions enforceable under 12
U.S.C. 1818
Letter No. |
Topic |
718 |
Application to merge New York National Bank, Bronx, New
York, with and into NYNB Bank, National Association (in organization), Yonkers,
New York under the charter of the latter and the title of "New York National
Bank II," Yonkers, New York. (Control Number 2005 NE 02 0016),
WORD 12/05/2005
|
719 |
Proposal by Countrywide Bank, National Association to
increase its capital surplus. (Control Number 2005 WE 12 0306),
WORD 12/05/2005
|
720 |
Application to establish a new national bank with the
title of "Sonoran Bank, National Association," Phoenix, Arizona. (Control
Number 2005 WE 01 0010), WORD
12/13/2005
|
721 |
Application to establish a new national bank with the
title of "Harbor National Bank," Charleston, South Carolina. (Control Number
2005 SO 01 0017), WORD
12/13/2005
|
722 |
Application to establish a new national bank with the
title of "First Fidelity Bank, National Association," Phoenix, Arizona.
(Control Number 2005 SO 01 0025),
WORD 12/14/2005
|
723 |
Application to establish a new national bank with the
title of "First National Bank of Michigan," Kalamazoo, Michigan. (Control
Number 2005 CE 01 005), WORD
12/16/2005
|
724 |
Application by Wachovia Bank, National Association,
Charlotte, North Carolina to establish an operating subsidiary with the title
of "Structured Principal Strategies, LLC" to engage in certain permissible
activities. (Control Number 2005 ML 08 0010),
WORD 12/16/2005
|
725 |
Application to establish a new national bank with the
title of " Northern California National Bank," Chico, California, and to
establish a branch messenger service. (Control Numbers 2005 WE 01 0011 &
2005 WE 05 0121), WORD
12/20/2005
|
726 |
Application by Wells Fargo Bank, National Association
to hold two entities as operating subsidiaries. (Control Number 2004 ML 08
0011), WORD
12/21/2005
|
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number
2006-5,
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
December 15, 2005 through January 14, 2006.
PLEASE NOTE: Interpretive Letters and No-Objection
Letters reflect the views of the Comptroller's legal staff. Corporate
Decisions, CRA Decisions and Conditional Approvals are from the office of
Licensing. The Community Development Investment Letters are from the office of
Community Affairs. The list of CRA Ratings is from the Communications Division.
For copies of the CRA evaluations, you may either contact the bank directly, or
you may write to the Office of the Comptroller of the Currency (OCC) in any of
three ways: by mail to the OCC, Attn: Public Information Room, Mail Stop 1-5,
Washington, D.C. 20219; by fax to (202) 874-4448; or by e-mail to
FOIA-PA@occ.treas.gov.
You may also write to the OCC for copies of enforcement actions and charters
with standard conditions.
Members of the news media are encouraged to cite the
letter number when reporting or summarizing documents from this package. This
helps us to process single requests based upon your citation in a more timely
manner.
The Office of the Comptroller of the Currency
publishes INTERPRETATIONS AND ACTIONS monthly. Subscriptions are available at a
rate of $175 per year by writing to the Comptroller of the Currency, ATTN:
Accounts Receivable, Mail Stop 4-8, 250 E Street, S.W., Washington, DC 20219.
Prepayment is requested. Suggestions, comments or questions may be sent to
Jacqueline J. England, Comptroller of the Currency, Communications Division,
Mail Stop 3-2, Washington, DC 20219.
|