Corporate Applications and Other Requests:
March 1998
Vol. 11, 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, 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 |
|---|
| 794 (REV)
| Originally published September 1997, footnote # 2 has been revised. (08/11/97)
| | 821
| Letter states that Connecticut law that generally prohibits out-of-state banks from
establishing ATMs in the state can be read so as to permit out-of-state national
bank ATMs. (02/17/98)
| | 822
| Letter addresses use of home state and host state interest by interstate national
banks. (02/17/98)
| | 823
| Letter states that the OCC treats an area designated a "place" by the United States
Bureau of the Census as a "place" under 12 U.S.C. 92. (02/27/98)
| | 824
| Letter responds to a proposal for national banks to participate in an insurance
program with a separate corporation owned by independent insurance agencies.
(02/27/98) |
Corporate Decisions
| Letter No. | Topic |
|---|
| 98-13
| Notification by Fleet National Bank, Providence, Rhode Island, to acquire and hold
as an operating subsidiary Benova, Inc., a company engaged in providing medical
insurance cost information, benefits counseling, premium collection and
disbursement, and related activities; (Control Number 97ML080040), (02/09/98).
| | 98-14
| Application by Bank of America, National Association, Phoenix, Arizona, to
purchase certain assets and assume certain liabilities of First Omni Bank, National
Association, Millsboro, Delaware; (Control Number 97MLO20051), (02/10/98).
| | 98-15
| Notification by LaSalle National Bank, Chicago, Illinois, of its intent to establish an
operating subsidiary to reinsure mortgage insurance; (Control Number 97CE080053),
(02/19/98).
| | 98-16
| Application to merge Boatmen's Trust Company, St. Louis, Missouri, with and into
NationsBank, National Association, Charlotte, North Carolina; (Control Number
97ML020045), (03/04/98). |
Approvals with conditions enforceable under 12 U.S.C. 1818
| Letter No. | Topic |
|---|
| 272
| Application to charter a national bank with the title of "Canyon National Bank," Palm
Springs, California. (Control Number 97WE010010), 03/05/98 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 98-30, 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.
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