Interpretations and Actions: January 2021
Vol. 34, No. 1
|1174||Interpretation on national bank and federal savings association authority to use independent node verification networks and stablecoins for payment activities 01/04/2021|
|1176||Interpretation addresses the authority of the OCC to charter national banks within the scope of 12 U.S.C. § 27(a) 01/11/2021|
|1177||Community Reinvestment Act Qualifying (CRA) activities conducted by a national bank’s or savings association’s subsidiaries and affiliates, including nonbank parent and sister companies of a national bank or savings association under certain circumstances, can receive CRA credit under the June 2020 CRA final rule 01/04/2021|
Supervisory Condition Letters
|2021-01||Commonwealth Bank of Australia, New York Branch, New York, New York – No supervisory objection to the request to exclude liabilities from repurchase agreements from capital equivalency deposit calculation (01/07/2021)|
|1255||Preliminary conditional approval of the de novo charter application for the proposed American Challenger Bank, National Association, Stamford, Connecticut, and related director citizenship waiver (Control Numbers: 2020-NE-Charter-315544 and 2020-NE-Waiver-317585), 12/16/2020|
Community Reinvestment Act (CRA) Performance Evaluations
See OCC News Release 2021-5 announcing all CRA performance evaluations that became public from December 1, 2020 through December 31, 2020. 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 Conditions 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.