Interpretations and Actions: May 2000

Vol. 13, No. 5

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 email 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.

Interpretive Letters

Letter No.	Topic
887	Letter approves a bank's non-controlling investment it had already made in a trust established to purchase, own, and lease commercial aircraft. 04/30/2000
888	Letter addresses the authority of national bank to sell image processing and storage as 1) a correspondent service for financial institutions, 2) a form of processing banking, financial, and economic data, and 3) a sale of good faith excess capacity. 03/14/2000
889	Letter concludes that Banks may acquire an indirect non-controlling interest in an entity that will provide online securities trading and related services. Letter addresses Internet hyperlinks between a bank's retail web page and the web pages of third parties and expresses certain expectations on disclosures. 04/24/2000

CRA Decisions

Letter No.	Topic
105	Application by Northern National Bank, Nisswa, Minnesota, to establish a branch at 2111 Excelsior Road North, Baxter, Minnesota. (Control Number 2000 MW 05 0041), 04/19/2000

Corporate Decisions

Letter No.	Topic
2000-06	Application to merge County Bank, Prescott, Arizona, with and into National Bank of Arizona, Tucson, Arizona. (Control Number 2000 WE 02 0007), 04/13/2000

Approvals with Conditions Enforceable under 12 U.S.C. 1818

Letter No.	Topic
384	Application of Union Planters Bank, N.A., Memphis, Tennessee, to acquire and operating subsidiary to provide employee outsourcing and other human resources services. (Control Number 2000 SE 08 0011), 04/25/2000

Charters with Standard Conditions

Each of the following charter application(s) were approved with a standard condition enforceable under 12 U.S.C. 1818 that requires the bank, during the first three years of its operation, to provide notice to the OCC in advance of any significant deviations or changes from its proposed operating plan.

Letter No.	Topic
385	First National Bank of Hinckley, Hinckley, Minnesota, (Control Number 2000 MW 01 004), 04/06/2000
386	Oklahoma National Bank, Tulsa, Oklahoma, (Control Number 1999 SW 01 0010), 01/20/2000
387	Alabama Trust Bank, National Association, Sylacauga, Alabama, (Control Number 1999 SE 01 007), 04/14/2000
388	Canyon Community Bank, National Association, Tucson, Arizona, (Control Number 2000 WE 01 003), 04/27/2000

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2000-39, 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 April 15, 2000 through May 14, 2000.

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.