Corporate Applications and Other Requests:
Vol. 11, No. 9
IN THIS ISSUE:
PLEASE NOTE: Interpretive Letters and No Objection Letters reflect the views of the Comptroller's legal staff.
Corporate Decisions and Decisions (CRA) are from the office of Bank Organization and Structure. The list of CRA
Ratings is from the Communications Division. For copies of the evaluation, you should contact the bank directly or the
Office of the Comptroller of the Currency, Attn: Public Reference Room, Mailstop 1-5, Washington, D.C. 20219.
Members of the news media are encouraged to cite the letter number when reporting or summarizing documents from
this package. This helps to process single requests in a more timely manner.
||Letter concludes that a national bank may lawfully acquire and hold a minority interest
in a medical claims processing company. (03/12/98)
||Letter approves a national bank's investment in a subsidiary CDC, the activities of which
will primarily promote the public welfare. (09/04/98)|
||Consolidated notice and applications of Citicorp and Citibank, N.A., New York, New
York, under the Change in Bank Control Act and under 12 C.F.R. 5.34, to indirectly
acquire Universal Bank, N.A., Columbus, Georgia, and to acquire and establish
AT&T Universal Card Services Corp. and its subsidiaries as operating subsidiaries of
Citibank, N.A.; (Control Numbers 98WO110001 & 98WO080001 thru 0004), (03/27/98).
||Application by Mellon Bank, N.A., Pittsburgh, Pennsylvania to expand the activities
of its mortgage reinsurance operating subsidiary to include reinsuring a portion of the
mortgage reinsurance on loans serviced by the Bank or the Bank's lending affiliates;
(Control Number 98NE080025), (08/18/98).
||Application to merge Eagle Valley Bank, Dennison, Minnesota, with and into Eagle
Valley Bank, National Association, St. Criox Falls, Wisconsin; (Control Number
Approvals with conditions enforceable under 12 U.S.C. 1818
||Application to charter a national trust bank in Oklahoma City, Oklahoma, with the title
of "InvesTrust, National Association." (Control Number 98SW010004), 08/06/98
||Application by Bank One, N.A., Columbus, Ohio to acquire, through an operating
subsidiary, an indirect non-controlling minority interest in a de novo limited liability
company that will engage in certain investment advisory activities. (Control Number
||Application of Wells Fargo Bank, N.A., San Francisco, California, to acquire a non-controlling interest in a limited liability company through an existing operating
subsidiary. (Control Number 98ML08009), 08/14/98|
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 98-100, announcing the availability of
enforcement actions. Copies of the final actions are available by writing to the OCC, Public
Reference Room, Mailstop 1-5, Washington, D.C. 20219. When ordering, specify the
appropriate Enforcement Action Number.
COMMUNITY REINVESTMENT ACT (CRA) Performance Evaluations
Enclosed is a list of CRA performance evaluations that became public during the period of
August 15 through September 14.
INTERPRETATIONS AND ACTIONS is published monthly by the Office of the Comptroller of the Currency. Subscriptions are available at
a rate of $175 per year by writing to the Comptroller of the Currency, P.O. Box 70004, Chicago, IL 60673-0004. Prepayment is requested.
Suggestions, comments or questions may be sent to Jacqueline J. England, Communications Division, Comptroller of the Currency,
Washington, DC 20219.