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June 1999
Vol. 12, No. 6
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.
Interpretive Letters
| Letter No. | Topic |
|---|
| 861 |
Letter confirms that a national bank may sell certain debt securities in reliance
on the abbreviated disclosure procedure of section 16.6 of the OCC’s securities
offering disclosure regulations where the holding company for the bank is a foreign
private issuer that complies with reporting requirements under the Securities Exchange
Act of 1934 by filing Forms 20-F and 6-K. WP
02/05/99 |
| 862 |
Letter concludes that a national bank’s captive mortgage reinsurance subsidiary
may enter a mortgage reinsurance agreement with a Cayman Islands segregated portfolio
company, to reinsure private mortgage insurance on loans originated or purchased by
the bank or one of its affiliates. WP 06/07/99 |
CRA Decisions
| Letter No. | Topic |
|---|
| 93 |
Application to merge National City Trust Company, West Palm Beach, Florida,
with and into National City Interim Trust Company (In Organization), West Palm
Beach, Florida, under the charter and title of the latter and the application
to merge National City Interim Trust Company, West Palm Beach, Florida, with
and into National City Bank, Cleveland, Ohio, under the charter and title of
the latter. (Control Numbers 99CE020008 & 99CE020009),
WP 05/04/99 |
| 94 |
Application to merge Bank of America National Trust and Savings Association,
San Francisco, California, and NationsBank, National Association, Charlotte, North
Carolina. (Control Number 98ML020045), WP 05/20/99 |
| 95 |
Application to merge NBD Bank, National Association, Indianapolis, Indiana,
and NBD Bank, Elkhart, Indiana, into and under the charter and title of "Bank
One, Indiana, National Association," Indianapolis, Indiana.
(Control Number 99ML020011), WP 05/24/99 |
Corporate Decisions
| Letter No. | Topic |
|---|
| 99-12 |
Application submitted by First National Bank of Paducah, Paducah,
Texas, for prior approval to purchase the assets and assume the liabilities
of the "West Texas National Bank, Paducah," a branch of The First
National Bank in Lockney, Lockney, Texas. (Control Number 99SW020009),
WP 04/01/99 |
| 99-13 |
Application of Union Planters Bank, N.A., Memphis, Tennessee, to merge with
Republic National Bank of Miami, Coral Gables, Florida, under the title and
charter of Union Planters Bank, National Association, Memphis, Tennessee.
(Control Number 99SE020021), WP 05/19/99 |
| 99-14 |
Application by Farmers & Mechanics National Bank, Frederick, Maryland,
to purchase certain assets and assume certain liabilities of the "Fairfield
branch," Fairfield, Pennsylvania, of FMB Bank, Baltimore, Maryland.
(Control Number 99SE020012), WP 05/27/99 |
| 99-15 |
Change in Bank Control of Metris Companies, Inc., St. Louis Park, Minnesota,
parent of Direct Merchants Credit Card Bank, N.A., Phoenix, Arizona (Bank), by
Thomas H. Lee, and individual, Thomas H. Lee Company, a sole proprietorship,
Thomas H. Lee Equity Fund IV, Limited Partnership, and THL Equity Advisors IV,
Limited Liability Company. (Control Number 99WE110001),
WP 05/28/99 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number
99-58, 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 May 15 through June.
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.
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