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Corporate Applications and Other Requests:

October 1999

Vol. 12, No. 10

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
866 Federal law preempts state laws that purport to preclude national banks from soliciting trust business from customers located in states other than where the bank's main office is located. A national bank also may have trust representative offices in its home state as well as other states to market its fiduciary services. 10/08/99

CRA Decisions

Letter No.Topic
99 Application by United National Bank, Monterey Park, California, to relocate a branch. (Control Number 99 WE 07 015), 08/24/99

Corporate Decisions

Letter No.Topic
99-32 Application by Chase Manhattan USA, NA, to expand the activities of its mortgage reinsurance operating subsidiary to include reinsuring mortgage insurance on serviced mortgage loans. (Control Number 99 NE 08 0029), 09/20/99
99-33 Application by National Bank of Commerce, Memphis, Tennessee, for additional powers for operating subsidiary engaged in the conduct of title insurance agency activities and application for establishment of a branch. (Control Number 99 SE 08 0036 & 99 SE 05 0131), 09/28/99

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

Letter No.Topic
329 West Michigan National Bank & Trust, Frankfort, Michigan, to elect the corporate governance provisions of Michigan law and complete a reverse stock split in accordance with those provisions. (Control Number 1999 CE 12 0076), 09/21/99
330 Application by First National Bank of Whitewright, Whitewright, Texas, to establish a denovo branch in Grayson County, Texas. (Control Number 1999 SW 05 0162), 09/30/99

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 99-96, 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 September 15 through October 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.