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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.