Interpretations and Actions: July 2005
Vol. 18, No. 7
|1033||Letter confirms that the bank, with approval of its examiner-in-charge, may engage in customer-driven equity index derivatives transactions and may use baskets of securities to hedge its risk exposures to the index swaps where the baskets do not exactly match the underlying index, but are designed to replicate the sector and industry weightings and general risks of the index. 06/14/2005|
|1034||Letter states that Bank may construct new office complex on existing bank premises and lease unused space as excess bank premises. 04/01/2005|
|2005-06||Change in Bank Control Act Notice submitted by Computershare Limited, Victoria, Australia, and EQAC Inc., Chicago, Illinois, to acquire control of EquiServe Trust Company, National Association, Canton, Massachusetts. (Control Number 2004 NE 11 0003), 06/10/2005|
|2005-07||Application by The Ephrata National Bank, Ephrata, Pennsylvania to reduce its permanent capital. (Control Number 2005 NE 12 0109), 06/20/2005|
|2005-08||Application to acquire control of National Family Bank filed with the Federal Reserve under the Bank Holding Company Act by Republic Bancorp, Inc., both of Munden, Kansas. (Control Number 2005 WE 12 0028), 06/22/2005|
|2005-09||Notice filed with the Federal Reserve to indirectly acquire control of American National Bank of Rock Springs, by acquiring Rock Springs American Bancorporation, Inc., both of Rock Springs, WY, under the Change in Bank Control Act. (Control Number 2005 WE 12 0111), 06/29/2005|
|2005-10||Application to merge Coleridge National Bank, Coleridge, Nebraska with and into Security National Bank, Laurel, Nebraska, under the charter and title of the Security Bank, Laurel, Nebraska. (Control Number 2005 WE 02 0019), 06/30/2005|
Approvals with Conditions Enforceable under 12 U.S.C. 1818
|696||Application of Brown Brothers Harriman Trust Company, LLC, New York, New York, to convert to a national banking association to be called Brown Brothers Harriman National Trust Co. (Control Numbers 2005 NE 01 0007 & 2005 NE 12 0110), 06/09/2005|
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 2005-69, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Public Information Room, Mail Stop 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 June 15, 2005 through July 14, 2005.
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 Licensing. The Community Development Investment Letters are from the office of Community Affairs. 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.
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The Office of the Comptroller of the Currency publishes INTERPRETATIONS AND ACTIONS monthly. Subscriptions are available at a rate of $175 per year by writing to the Comptroller of the Currency, ATTN: Accounts Receivable, Mail Stop 4-8, 250 E Street, S.W., Washington, DC 20219. Prepayment is requested. Suggestions, comments or questions may be sent to Jacqueline J. England, Comptroller of the Currency, Communications Division, Mail Stop 3-2, Washington, DC 20219.