OCC Opinions and Letters on Permissible Electronic Banking Activities: Electronic Safekeeping and Storage

OCC publishes letters associated with charter approvals and other licensing activities, including interpretive letters. Some of these letters provide interpretations of existing laws and regulations. This section includes significant approval letters and interpretations associated with Internet banking activities. The following is a listing of topics in this section that also serve as quick links to the referenced materials:

Description	Opinions & Letters
Zions First National Bank, Conditional Approval No. 479 (July 27, 2001). A national bank may provide an integrated, on-line information service for secure Web-based document storage and retrieval of documents and files containing personal information or valuable confidential trade or business information. Data will be stored on systems controlled by the bank and will be accessible by customers through the Internet or a dedicated line. Except for storage, access, and retrieval, the bank will not process or manipulate the information stored. The bank will offer its customers the ability to grant third parties controlled access to the stored documents and files so as to enable the use of document collaboration tools.	Conditional Approval No. 479 (PDF)

Description

Opinions & Letters

Zions First National Bank, Conditional Approval No. 479 (July 27, 2001). A national bank may provide an integrated, on-line information service for secure Web-based document storage and retrieval of documents and files containing personal information or valuable confidential trade or business information. Data will be stored on systems controlled by the bank and will be accessible by customers through the Internet or a dedicated line. Except for storage, access, and retrieval, the bank will not process or manipulate the information stored. The bank will offer its customers the ability to grant third parties controlled access to the stored documents and files so as to enable the use of document collaboration tools.

Conditional Approval
No. 479 (PDF)