Interpretations and Actions: September 2018
Vol. 31, No. 9
|1160||Letter concludes that a bank may engage in customer-driven, perfectly matched, cash-settles derivative transactions referencing (1) paraxylene, (ii) purified teraphtalic acid, (iii) polyethylene terephthalate, and (iv) iron ore (08/22/2018)|
|1203||Termination of regulatory conditions found in the August 4, 2015 conditional approval of the application of BofI Federal Bank to purchase certain assets and assume certain deposits of H&R Block. (Control Number 2018-WE-Licensing Other-303601), 08/01/2018|
|1204||Applications to establish Evercore Temporary Trust Bank, National Association, Wilmington, Delaware; merge Evercore Trust Company, National Association, New York, New York, with and into Evercore Temporary Trust Bank, National Association; merge Evercore Trust Company of Delaware, Wilmington, Delaware, with and into the resulting bank; and reduce permanent capital. (Control Numbers 2018-NE-Combination-303211, 2018-NE-Combination-304024, & 2018-NE-Capital&Div-303201), 08/29/2018|
|1205||Application to establish a new national bank, Varo Bank, National Association, Salt Lake City, Utah, and director residency waiver. (Control Numbers 2017-WE-Charter-298856Subs & Equities-303234, & 2017-WE-Waiver-302531), 08/31/2018|
Community Reinvestment Act (CRA) Performance Evaluations
See OCC News Release 2018-93 announcing all CRA performance evaluations that became public from August 1, 2018 through August 31, 2018. A search of all public CRA evaluations can be done at http://apps.occ.gov/crasearch/default.aspx.
Final Enforcement Actions
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 Condition Letters are from the Special Supervision Division. The list of CRA Ratings is from the Communications Division.
If you are unable retrieve the CRA evaluations or enforcement actions online, you can submit a request to obtain copies 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.