Interpretations & Decisions

April 2026 Update

New Name, Design, and Enhanced Search Capability

Interpretations and Actions has been renamed "Interpretations & Decisions" to reflect its current content.
This web page will be updated as letters are ready for publishing. (Previously, updates were made monthly.)
You can now filter letters by type and use "Search and Browse" to access letters dating back to 1996.

Interpretations and Decisions is updated as new letters are released. Documents may include redactions, indicated by brackets, to preserve confidentiality.

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1996–Present

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This table displays Interpretations and Decisions since January 2025.

Type/Reference Number	Month Published	Date of Letter	Description
Corporate Decision 1368	March 2026	03/13/2026	Application to Charter VALT Bank, National Association, Eagle, ID.
Conditional Approval 1350	December 2025	11/18/2025	Application to Charter Alvarez & Marsal Trust Company, National Association, Wilmington, Delaware
Conditional Approval 1351	December 2025	11/19/2025	Application by Citizens Business Bank, Rancho Cucamonga, California, to Convert to a National Bank and Exercise Fiduciary Powers
Conditional Approval 1352	December 2025	11/26/2025	Application by HSBC Bank plc, London, United Kingdom to establish a Federal Branch in New York, New York
Conditional Approval 1353	January 2026	12/12/2025	Application by BitGo Trust Company, Inc., Sioux Falls, SD to convert to a national bank
Conditional Approval 1355	January 2026	12/12/2025	Application by Fidelity Digital Asset Services, LLC, New York, NY to convert to a national bank
Conditional Approval 1356	January 2026	12/12/2025	Preliminary conditional approval of the de novo charter application for the proposed First National Digital Currency Bank, N.A., New York, NY
Conditional Approval 1357	January 2026	12/15/2025	Application by GreatAmerica, N.A. to acquire Heritage Bank, Marion, IA and merge with and into national bank
Conditional Approval 1358	January 2026	12/12/2025	Application by Paxos Trust Company, LLC, New York, NY to convert to a national bank
Conditional Approval 1359	January 2026	12/12/2025	Preliminary conditional approval for the de novo charter application for the proposed Ripple National Trust Bank, New York, NY
Conditional Approval 1360	February 2026	01/13/2026	Application by UBS Bank USA, Salt Lake City, UT to convert to a national bank
Conditional Approval 1361	February 2026	01/22/2026	Application to Charter UKG National Trust Bank, Branchburg, NJ
Conditional Approval 1362	February 2026	01/29/2026	Application to Charter Nubank, National Association, McLean, Virginia
Supervisory Condition Letter 2026-01	February 2026	02/09/2026	Anchorage Digital Bank National Association, Sioux Falls, South Dakota – Termination of Operating Agreement (01/22/2021)
Interpretive Letter 1189	January 2026	12/19/2025	Letter granting request for an exemption from Section 23A
Corporate Decision 1354	January 2026	12/15/2025	Application to acquire Extraco Consulting Corporation
Corporate Decision 1363	February 2026	01/29/2026	Application by Fulton Bank, NA, Lancaster, PA to merge with Blue Foundry Bank, Rutherford, NJ
Corporate Decision 1364	February 2026	02/03/2026	Application by The Farmers National Bank of Canfield, Canfield, OH to merge with The Middlefield Banking Company, Middlefield, OH
Corporate Decision 1365	February 2026	02/12/2026	Application to charter Bridge National Trust Bank, New York, NY
Corporate Decision 1366	February 2026	02/13/2026	Application to charter National Digital Trust Company, Seattle, WA
Corporate Decision 1367	February 2026	02/20/2026	Application to charter Foris DAX National Trust Bank, Chicago, IL
Interpretive Letter 1188	December 2025	12/09/2025	Letter confirms that national banks may engage in riskless principal transactions in crypto-assets as part of the business of banking
Interpretive Letter 1186	November 2025	11/18/2025	Authority of national banks to hold crypto-assets as principal and pay crypto-asset network fees as incidental to a permissible banking activity
Supervisory Condition Letter 2025-05	November 2025	11/14/2025	Neighborhood National Bank, El Cajon, California – Termination of Supervisory Conditions Imposed in Writing
Conditional Approval 1349	November 2025	10/30/2025	Application by Boston Trust Walden Company, Boston, Massachusetts to convert to a national bank
Conditional Approval 1348	November 2025	10/15/2025	Application to charter Erebor Bank, National Association, Columbus, Ohio
Corporate Decision 1347	November 2025	10/03/2025	Application to merge Flagstar Financial, Inc. with and into Flagstar Bank, National Association, Hicksville, New York
Interpretive Letter 1187	November 2025	08/13/2025	Letter granting request for an exemption from Section 23A and Regulation W.
Conditional Approval 1346	October 2025	09/12/2025	Application to Charter OneSource Virtual Trust Bank, National Association, Dallas, Texas
Conditional Approval 1345	October 2025	09/11/2025	Application by M.Y. Safra Bank, FSB, New York, New York, to convert to a national bank with the title BTG Pactual Bank, N.A
Supervisory Condition Letter 2025-04	September 2025	09/04/2025	Vast Bank, N.A., Tulsa, OK - Termination of supervisory conditions imposed in writing
Conditional Approval 1344	September 2025	08/05/2025	Paycom National Trust Bank, rebuttal of control
Conditional Approval 1343	August 2025	07/21/2025	Applications for substantial asset change, reduction of permanent capital, and merger with and into nonbank affiliate applications submitted by The Lemont National Bank, Lemont, Illinois
Conditional Approval 1342	August 2025	07/07/2025	Applications to prepay subordinated debt included in tier 2 capital and to issue replacement subordinated debt to include in tier 2 Capital Citizens Bank, National Association, Providence, Rhode Island
Conditional Approval 1341	July 2025	06/05/2025	Application by Stearns Bank Upsala, National Association, Upsala, Minnesota for a change in assets composition and residency waiver request.
Interpretive Letter 1185	June 2025	06/12/2025	Letter confirms that, based on the facts and circumstances of the banks' proposal, national banks may use certain debt securities acquired for investment purposes and equity securities acquired for hedging purposes as collateral in repurchase agreements and that this use of the equity securities is consistent with the OCC's derivatives regulation.
Conditional Approval 1340	June 2025	05/29/2025	Application by The First National Bank of Moody, Moody, Texas for a substantial change in asset composition.
Conditional Approval 1339	June 2025	05/15/2025	Application by Dream First Bank, National Association, Syracuse, Kansas to merge BancCentral, National Association, Alva, Oklahoma, with and into Dream First Bank, National Association.
Interpretive Letter 1184	May 2025	05/07/2025	Clarification of bank authority regarding crypto-asset custody services.
Conditional Approval 1338	May 2025	04/30/2025	Application by Servbank, sb, Oswego, Illinois to Convert to a National Bank
Conditional Approval 1337	May 2025	04/18/2025	Application for the merger of Discover Bank, Greenwood, Delaware with and into Capital One, National Association, McLean, Virginia
Conditional Approval 1336	April 2025	03/31/2025	Application filed by Winter Park National Bank, Winter Park, Florida, to (1) change the composition of its assets, (2) reduce permanent capital, and (3) then merge into a wholly owned operating subsidiary, WPNB, Inc.
Conditional Approval 1335	April 2025	03/27/2025	Application filed by Colonial Savings, F.A., Fort Worth, Texas to effect a substantial change in assets.
Conditional Approval 1334	March 2025	02/19/2025	Application filed by Ponce Bank, Bronx, New York, to convert to a national bank (Control No. 2024-Conversion-338674, 2/19/2025)
Conditional Approval 1333	March 2025	02/18/2025	Application filed by CenTrust Bank, National Association, Northbrook, Illinois, to effect a substantial change in assets (Control Nos.2023-5.53-334213, 2024-Waiver-337608, 2/18/2025)
Interpretive Letter 1183	March 2025	03/07/2025	Letter reaffirms that crypto-asset custody, holding deposits that serve as reserves backing stablecoins, and the use of distributed ledger technology and stablecoins to facilitate permissible payments activities are permissible for national banks and federal savings associations. It also rescinds Interpretive letter 1179, which outlined a supervisory non-objection process for the activities addressed in Interpretive Letters 1170, 1172 and 1174. Interpretive Letters 1170, 1172 and 1174 remain in effect. (3/7/2025)
Supervisory Condition Letter 2025-03	March 2025	02/13/2025	OCC Letter to Banco Santander, S.A. Request to Exclude Liabilities from Repurchase Agreements from the Capital Equivalency Deposit Calculation of Banco Santander, S.A., New York Branch
Supervisory Condition Letter 2025-02	February 2025	02/10/2025	Vast Bank, N.A., Tulsa, Oklahoma – Notification of Conditional No Supervisory Objection to Capital and Strategic Plan. (02/10/2025)
Supervisory Condition Letter 2025-01	February 2025	10/13/2024	BOKF, N.A., Tulsa, Oklahoma – Termination of Supervisory Condition Imposed in Writing. (10/17/2024)
Conditional Approval 1332	January 2025	10/17/2024	Application filed by Zions Bancorporation, National Association, Salt Lake City, Utah, to issue subordinated debt (Control No. 2024-Capital&Div-338334, 10/8/2024)

Interpretations & Decisions

April 2026 Update

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