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Corporate Applications and Other Requests:

December 2009

Vol. 22, No. 12

IN THIS ISSUE:

Interpretive Letters

Letter No. Topic
1124 (PDF 38KB) The letter confirms the authority of the bank to purchase and hold auction rate securities for its own account, subject to certain representations and conditions. 11/03/2009

Community Development Investment Letters

Letter No. Topic
2009-2 (PDF 20KB) Investment in Fund for Construction of Agricultural Facilities - A national bank may make an investment in a Community and Economic Development Entity that funds construction of agricultural product receiving bins, which will increase the tax base and produce jobs in a low- and moderate-income area. 01/06/2009
2009-3 (PDF 20KB) Investment in Fund to Construct Industrial Facility on Indian Reservation - A national bank may make an investment in a Community and Economic Development Entity that constructs an industrial facility that will produce jobs on an Indian Reservation in a low- and moderate-income area. 03/09/2009
2009-4 (PDF 19KB) Investment in Fund to Renovate and Lease a Residential Drug and Alcohol Treatment Center - A national bank may make an investment in a Community and Economic Development Entity, which utilizes New Markets Tax Credits, for the renovation and lease of a residential drug and alcohol treatment center in a low- and moderate-income area. 06/17/2009
2009-5 (PDF 20KB) Investment in Fund for Construction of Rent-to-Own Affordable Rental Housing - A national bank may make an investment in a Community and Economic Development Entity, which will use New Markets Tax Credits, for the construction of a rent-to-own affordable housing complex in a low- and moderate-income area. 06/17/2009

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2009-162, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Communications Division, Mail Stop 2-3, Washington, D.C. 20219. You may also submit your request electronically through the OCC's online FOIA site, https://foia-pal.occ.gov/palMain.aspx or fax your request to (202)-874-5274. 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, 2009 through December 14, 2009.

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 Activities.  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: Communications Division, Mail Stop 2-3, Washington, D.C.  20219; by fax to (202) 874-5274; or electronically at the OCC's online FOIA site, https://foia-pal.occ.gov/palMain.aspx . 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 $200 per year by writing to the Comptroller of the Currency, ATTN: Financial Management, Accounts Receivable, Mail Stop FM-2, 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 2-3, Washington, DC  20219.