Interpretations and Actions: December 2017
Vol. 30, No. 12
Interpretive Letters
CRA Decisions
Corporate Decisions
Conditional Approvals
Letter No. | Topic |
---|---|
1183 (PDF) | Termination of 12 USC 1818 regulatory condition in writing relevant to the application by Nordstrom FSB to sell certain assets to TD Bank, USA, N.A. (2015-WE-5.53-1441840) and receive a material noncash capital contribution from Nordstrom Credit, Inc. (2015-WE-Capital&Dividends 144888). (Control Number: 2017-WE-LicensingOther-299879), 10/04/2017 |
1184 (PDF) | Application by Nordstrom FSB, Scottsdale, Arizona, for a substantial change in assets and capital distribution; and application to relocate its home office (Control Numbers: 2017-WE-5.53-298998, 2017-WE-Capital&Div-299001, & 2017 -WE-Relocation-299004), 10/05/2017 |
1185 (PDF) | Application by Citibank, N.A., Sioux Falls, South Dakota, to issue $7.5 billion in subordinated debt qualifying as Tier 2 capital, pursuant to 12 CFR 5.47 (Control Number: 2017-LB-Capital&Div-299938), 10/23/2017 |
1186 (PDF) | Application by The Bank of East Asia, Limited, Hong Kong SAR, People's Republic of China, to change the status of its Los Angeles Limited Federal Branch to a Federal Branch (Control Number: 2012-NE-FBA-Conversion-135005 (2012-IB-10-0003)), 10/24/2017 |
1187 (PDF) | Application by Merchants Bank of California, NA, Carson, California, to establish an operating subsidiary; and application for the merger of Merchants Bank of California, NA with and into MBOC OpSub, Inc. (Control Numbers: 2017-HQ-Subs&Equities-299667 & 2017-HQ-215a3-299668), 10/27/2017 |
1188 (PDF) | Application for substantial asset change by Merchants Bank of California, NA, Carson, California (Control Number: 2017-HQ-5.53-299443), 09/20/2017 |
Community Reinvestment Act (CRA) Performance Evaluations
See OCC News Release 2017-144 announcing all CRA performance evaluations that became public from November 1, 2017 through November 30, 2017. A search of all public CRA evaluations can be done at http://apps.occ.gov/crasearch/default.aspx.
Final Enforcement Actions
See OCC News Release 2017-148 announcing the availability of enforcement actions. All final enforcement actions are searchable at http://apps.occ.gov/EnforcementActions/.
PLEASE NOTE: Interpretive Letters and No-Objection Letters reflect the views of the Office of the Comptroller of the Currency's (OCC) legal staff. Corporate Decisions, CRA Decisions and Conditional Approvals are from the office of Licensing Activities. The Community Development Investment Letters are from the office of Community Affairs. The Supervisory Conditions Letters are from the Special Supervision Division. The list of CRA Ratings is from the Communications Division.
You can obtain copies of CRA evaluations or enforcement actions by writing to the Freedom of Information Act Officer, Disclosure Services, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Washington, DC 20219. You may also submit a request electronically at the OCC's online FOIA site, https://foia-pal.occ.gov/palMain.aspx. Please provide all identifying information when requesting documents. You may also contact the bank directly for copies of the CRA evaluations.
The OCC publishes INTERPRETATIONS AND ACTIONS monthly. Send suggestions, comments or questions to Jacqueline England, Disclosure Services, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Washington, DC 20219.