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Corporate Applications and Other Requests:

September 1998

Vol. 11, No. 9

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
836 Letter concludes that a national bank may lawfully acquire and hold a minority interest in a medical claims processing company. (03/12/98)
837 Letter approves a national bank's investment in a subsidiary CDC, the activities of which will primarily promote the public welfare. (09/04/98)

Corporate Decisions

Letter No.Topic
98-39 Consolidated notice and applications of Citicorp and Citibank, N.A., New York, New York, under the Change in Bank Control Act and under 12 C.F.R. 5.34, to indirectly acquire Universal Bank, N.A., Columbus, Georgia, and to acquire and establish AT&T Universal Card Services Corp. and its subsidiaries as operating subsidiaries of Citibank, N.A.; (Control Numbers 98WO110001 & 98WO080001 thru 0004), (03/27/98).
98-40 Application by Mellon Bank, N.A., Pittsburgh, Pennsylvania to expand the activities of its mortgage reinsurance operating subsidiary to include reinsuring a portion of the mortgage reinsurance on loans serviced by the Bank or the Bank's lending affiliates; (Control Number 98NE080025), (08/18/98).
98-41 Application to merge Eagle Valley Bank, Dennison, Minnesota, with and into Eagle Valley Bank, National Association, St. Criox Falls, Wisconsin; (Control Number 98MW020041), (08/20/98).

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

Letter No.Topic
283 Application to charter a national trust bank in Oklahoma City, Oklahoma, with the title of "InvesTrust, National Association." (Control Number 98SW010004), 08/06/98
284 Application by Bank One, N.A., Columbus, Ohio to acquire, through an operating subsidiary, an indirect non-controlling minority interest in a de novo limited liability company that will engage in certain investment advisory activities. (Control Number 98ML080010), 08/14/98
285 Application of Wells Fargo Bank, N.A., San Francisco, California, to acquire a non-controlling interest in a limited liability company through an existing operating subsidiary. (Control Number 98ML08009), 08/14/98

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 98-100, 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 August 15 through September 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.