Corporate Applications and Other Requests:
Vol. 13, No. 10
IN THIS ISSUE:
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 Bank
Organization and Structure. 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: Public Information Room, Mail
Stop 1-5, Washington, D.C. 20219; by fax to (202) 874-4448;
or by e-mail to FOIA-PA@occ.treas.gov.
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 more timely manner.
||Letter states that the proposed total return swap is not subject
to a specific risk capital charge for market risk under 12 CFR Part 3,
Appendix B but is subject to other requirements of 12 CFR Part 3,
Appendix B including the general market risk capital charge.
||Letter states that the proposed preferred securities may qualify as
bank-level Tier 1 capital up to a maximum of 15% of total Tier 1 capital.
||Letter states that a national bank may not qualify loan to customer
who operates warehouse/grain elevator for special lending limits of
12 USC 84(c)(3) and 12 CFR 32.3(b)(1)(iv)(B) merely by registering
warehouse receipts with independent third party as long as staples
remain in control of customer.
||Letter states that a national bank may purchase options on futures
contracts on commodities to hedge the credit risk in its agricultural
loan portfolio. WORD 08/21/2000
||Applications of Gateway Interim Bank, St. Louis, Missouri, and
Gateway National Bank, St. Louis, Missouri. (Control Numbers 2000
MW 02 0017 & 2000 MW 12 0052),
Approvals with conditions enforceable under 12 U.S.C. 1818
||Application of Wells Fargo Bank, National Association, San Francisco,
California, to establish an operating subsidiary that will engage in
certain internal financial transactions already conducted by another
subsidiary. (Control Number 2000 ML 08 0024),
||Application by Commerce Bank, National Association, Cherry Hill,
New Jersey, to establish a branch at 501-505 East Atlantic Avenue,
Haddon Heights, New Jersey. (Control Number 2000 WE
12 0082), WORD 08/20/2000
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 2000-83, 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,
Mailstop 3-2, Comptroller of the Currency, Washington, DC 20219.