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Corporate Applications and Other Requests:
December 2007

Vol. 20, No. 12

IN THIS ISSUE:

Interpretive Letters

Letter No. Topic
1091 Letter discusses risk-based treatment of synthetic securitization of a static pool of home equity lines of credit and closed-end home equity loans and describes the capital treatment for changes in the principal balance of the reference assets and a maturity mismatch between the maturity of the underlying assets in the reference portfolio and the credit protection. 08/17/2007

Corporate Decisions

Letter No. Topic
2007-08 Application by Wachovia Bank of Delaware, National Association, Wilmington, Delaware, to purchase and assume certain assets and liabilities of World Savings Bank, FSB (Texas), Houston, Texas (Control Number 2007 ML 02 0010), 09/14/2007
2007-09 Application to convert Capital One Bank, Glen Allen, Virginia, to a national bank (Control Number 2007 NE 01 0011), 10/19/2007

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

Letter No. Topic
824 Application to establish a new national bank with the title of California General Bank, National Association located in Pasadena, California (Control Number 2007 WE 01 0008), 09/24/2007
825 Application to reorganize certain trust and other operations of J.P. Morgan Chase & Co. (Control Numbers 2007 ML 01 0003; 05 0250; 12 0134 - 0137 & 02 0006), 09/04/2007
826 Application by Wachovia Bank, National Association, Charlotte, North Carolina, to acquire the branches of World Savings Bank, FSB, Oakland, California (Control Numbers 2007 ML 01 0004; 01-0007 - 0015; & 02 0008 - 0009), 09/14/2007
827 Application by NBT Bank, N.A., Norwich, New York, to establish a branch at 335 Main Street, Johnson City, New York (Control Number 2006 NE 05 0080), 10/01/2007
828 Application to convert Raymond James Trust Company , St. Petersburg, Florida to a national bank limited to the activities of a trust company with the title of Raymond James Trust, National Association (Control Number 2007 SO 01 0004), 10/15/2007
829 Application to convert NYNB Bank, Bronx, New York, to a national banking association under the title of New York National Bank (Control Number 2007 NE 01 008), 10/30/2007
830 Application to convert Hudson Valley Bank, Yonkers, New York, to a national banking association under the title of Hudson Valley Bank, National Association and the subsequent relocation of the main office from Yonkers, New York to Stamford, Connecticut (Control Numbers 2007 NE 01 007 & 07-013), 10/30/2007
831 Application to establish a new national bank with the title of Black Hill Community Bank, National Association located in Rapid City, South Dakota (Control Number 2007 WE 01 0011), 10/31/2007
832 Application by ICICI Bank Limited to establish a Federal branch in New York, New York (Control Number 2004 IB 10 003), 10/31/2007

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2007-136, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Public Information Room, Mail Stop 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 November 15, 2007 through December 14, 2007.

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 timelier 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.