Interpretations and Actions: September 2006

Vol. 19, No. 9

CRA Decisions

Letter No.	Topic
135	Application to merge Republic National Bank, Houston, Texas with and into Trustmark National Bank, Jackson, Mississippi (Control Number 2006 SO 02 0024), 08/09/2006

Corporate Decisions

Letter No.	Topic
2006-08	Applications by Citibank, National Association, Citibank (South Dakota), National Association, and certain affiliates to internally reorganize and consolidate certain banking and credit card operations: Application to convert Citibank, Federal Savings Bank, Reston, Virginia (a federal thrift) into a national bank with the resulting name of "CFSB, National Association" and to retain the existing branches of the bank after conversion (Control Number 2006 ML 01 0004), 08/03/2006 Application to convert Citibank (West), FSB, San Francisco, California (a federal thrift) into a national bank with the resulting name of "West, National Association" and to retain the existing branches of the bank after conversion (Control Number 2006 ML 01 0005), 08/03/2006 Application to merge CFSB, National Association, Reston, Virginia; West, National Association, San Francisco, California; Citibank Texas, National Association, Dallas, Texas; Citibank (Delaware), New Castle, Delaware; and Citibank (Banamex USA), Century City, California, with and into Citibank, National Association, New York, New York (Control Number 2006 ML 02 0000), 08/03/2006 Application to merge Citicorp Trust, National Association, Los Angeles, California with and into Citibank, National Association, New York, New York (Control Number 2006 ML 02 0010), 08/03/2006 Application by Citibank, National Association, New York, New York to hold Citigroup Trust - Delaware as an operating subsidiary (Control Number 2006 ML 08 0006), 08/03/2006 Application by Citibank (South Dakota), National Association, Sioux Falls, South Dakota to hold Department Stores National Bank, Sioux Falls, South Dakota as an operating subsidiary (Control Number 2006 ML 08 0007), 08/03/2006 Application by Citibank (South Dakota), National Association, Sioux Falls, South Dakota to receive from Citibank, National Association, New York, New York a material non-cash contribution of the stock of Department Stores National Bank, Citicorp Credit Services (USA) (an operating subsidiary of Citibank, National Association) and Citicorp Payment Services, Inc. (an operating subsidiary of Citibank, National Association) (Control Number 2006 ML 12 0193), 08/03/2006 Application by Citibank, National Association, New York, New York for a dividend-in-kind to its sole shareholder, Citicorp Holdings, of the stock of Citibank (South Dakota), National Association, Sioux Falls, South Dakota (a subsidiary of Citibank, National Association) (Control Number 2006 ML 12 0194), 08/03/20066 Application to merge Citibank USA, National Association, Sioux Falls, South Dakota and Citibank (Nevada), National Association, Las Vegas, Nevada with and into Citibank (South Dakota), National Association, Sioux Falls, South Dakota (Control Number 2006 ML 02 0011), 08/03/2006 Application by Citibank (South Dakota), National Association, Sioux Falls, South Dakota to purchase and assume certain assets and liabilities of Universal Financial Corp., Salt Lake City, Utah (a Utah state industrial loan company) (Control Number 2006 ML 02 0012), 08/03/2006 Notice by Citibank, National Association, New York, New York, to acquire control of Citigroup Trust - Delaware, Wilmington, Delaware (Control Number 2006 ML 11 0001), 08/03/2006 Notice by Citibank, National Association, New York, New York, to acquire control of Department Stores National Bank, Sioux Falls, South Dakota (Control Number 2006 ML 11 0002), 08/03/2006
2006-09	Application to establish a new national bank with the title of HSBC National Bank USA, Bethesda, Maryland (Control Number 2006 NE 01 16), 08/17/2006

Letter No.

Topic

2006-08

Applications by Citibank, National Association, Citibank (South Dakota), National Association, and certain affiliates to internally reorganize and consolidate certain banking and credit card operations:

Application to convert Citibank, Federal Savings Bank, Reston, Virginia (a federal thrift) into a national bank with the resulting name of "CFSB, National Association" and to retain the existing branches of the bank after conversion (Control Number 2006 ML 01 0004), 08/03/2006
Application to convert Citibank (West), FSB, San Francisco, California (a federal thrift) into a national bank with the resulting name of "West, National Association" and to retain the existing branches of the bank after conversion (Control Number 2006 ML 01 0005), 08/03/2006
Application to merge CFSB, National Association, Reston, Virginia; West, National Association, San Francisco, California; Citibank Texas, National Association, Dallas, Texas; Citibank (Delaware), New Castle, Delaware; and Citibank (Banamex USA), Century City, California, with and into Citibank, National Association, New York, New York (Control Number 2006 ML 02 0000), 08/03/2006
Application to merge Citicorp Trust, National Association, Los Angeles, California with and into Citibank, National Association, New York, New York (Control Number 2006 ML 02 0010), 08/03/2006
Application by Citibank, National Association, New York, New York to hold Citigroup Trust - Delaware as an operating subsidiary (Control Number 2006 ML 08 0006), 08/03/2006
Application by Citibank (South Dakota), National Association, Sioux Falls, South Dakota to hold Department Stores National Bank, Sioux Falls, South Dakota as an operating subsidiary (Control Number 2006 ML 08 0007), 08/03/2006
Application by Citibank (South Dakota), National Association, Sioux Falls, South Dakota to receive from Citibank, National Association, New York, New York a material non-cash contribution of the stock of Department Stores National Bank, Citicorp Credit Services (USA) (an operating subsidiary of Citibank, National Association) and Citicorp Payment Services, Inc. (an operating subsidiary of Citibank, National Association) (Control Number 2006 ML 12 0193), 08/03/2006
Application by Citibank, National Association, New York, New York for a dividend-in-kind to its sole shareholder, Citicorp Holdings, of the stock of Citibank (South Dakota), National Association, Sioux Falls, South Dakota (a subsidiary of Citibank, National Association) (Control Number 2006 ML 12 0194), 08/03/20066
Application to merge Citibank USA, National Association, Sioux Falls, South Dakota and Citibank (Nevada), National Association, Las Vegas, Nevada with and into Citibank (South Dakota), National Association, Sioux Falls, South Dakota (Control Number 2006 ML 02 0011), 08/03/2006
Application by Citibank (South Dakota), National Association, Sioux Falls, South Dakota to purchase and assume certain assets and liabilities of Universal Financial Corp., Salt Lake City, Utah (a Utah state industrial loan company) (Control Number 2006 ML 02 0012), 08/03/2006
Notice by Citibank, National Association, New York, New York, to acquire control of Citigroup Trust - Delaware, Wilmington, Delaware (Control Number 2006 ML 11 0001), 08/03/2006
Notice by Citibank, National Association, New York, New York, to acquire control of Department Stores National Bank, Sioux Falls, South Dakota (Control Number 2006 ML 11 0002), 08/03/2006

2006-09

Application to establish a new national bank with the title of HSBC National Bank USA, Bethesda, Maryland (Control Number 2006 NE 01 16), 08/17/2006

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

Letter No.	Topic
753	Application to merge Guarantee State Bank, Lawton, Oklahoma with and into First National Bank and Trust Company, Shawnee, Oklahoma, and the application to establish the operating subsidiary GSB Acquisition Company to enable the merger of Guarantee State Bank, Lawton, Oklahoma with and into First National Bank and Trust Company (Control Numbers 2006 SO 02 0025 and 2006 SO 08 0010), 07/13/2006
754	Application by La Caisse centrale Desjardins du Quebec (CCD) to establish a limited federal branch in Hallandale, Florida with the title of "Caisse centrale DesJardins US Branch" (Control Number 2005 IB 10 001), 08/08/2006
755	Application by HSBC Bank, National Association, Wilmington, Delaware requesting approval for its wholly-owned operating subsidiary, HSBC Investment (USA) Inc. to hold a limited equity investment in connection with investment management activities (Control Number 2006 NE 08 0012), 08/25/2006
756	Application by Wachovia Bank, National Association, Charlotte, North Carolina to establish five national trust banks: Wachovia Trust Company of Alabama, N.A., Homewood, AL; Wachovia Trust Company of North Carolina, N.A., Charlotte, NC; Wachovia Trust Company of South Carolina, N.A., Columbia, SC; Wachovia Trust Company of Tennessee, N.A., Nashville, TN; Wachovia Trust Company of Virginia, Richmond, VA. (Control Numbers 2006 ML 01 0006 and 2006 ML 01 0009 thru 0012), 09/05/2006

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2006-97, 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 August 14, 2006 through September 14, 2006.

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.

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 timelier manner.

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.

Topics