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Vol. 12, No. 4

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
857	Letter concludes that the International Banking Act (IBA) permits a foreign bank, whose home state is not Florida, to establish an interstate limited Federal branch or a Federal agency in Florida and the IBA may permit a foreign bank to establish an interstate Federal branch or Federal agency where such office results from a merger. WP 12/04/98
858	Letter concludes that the Philadelphia Authority for Industrial Development Pension Funding Bonds, Series 1999A - 1999C are Type I investment securities as defined in 12 CFR 1.2(i), and qualify for a 20 percent risk-weight under the OCC's risk-based capital regulations. WP 03/17/99
859	A national bank's board of directors may prescribe in its bylaws the manner in which its general business is conducted. This includes permitting the routine use of video teleconference technology to conduct the board's regular meetings. WP 03/29/99
860	A national bank's board of directors may prescribe in its bylaws the manner in which its general business is conducted. This includes permitting the routine use of video teleconference technology to conduct the board's regular meetings. WP 04/05/99

CRA Decisions

Letter No.	Topic
90	Application by Community Banks, National Association, Millersburg, Pennsylvania, to establish a branch in Harrisburg, Pennsylvania. (Control Number 99NE050008), WP 02/22/99
91	Application by Commerce Bank, National Association, Cherry Hill, New Jersey, to establish a branch in Delran, New Jersey. (Control Number 99NE050022), WP 02/23/99
92	Application to merge PNC National Bank, Wilmington, Delaware, with and into MBNA America Bank, National Association, Wilmington, Delaware, under the title and charter of the latter. (Control Number 99NE020001), WP 03/13/99

Corporate Decisions

Letter No.	Topic
99-07	Operating subsidiary application by National Bank of Commerce, Memphis, Tennessee. (Control Number 99SE080002), WP 03/26/99
99-08	Application to merge First National Bank of Akron, Akron, Colorado, with and into Enterprise Bank, National Association, Omaha, Nebraska, under the charter and title of the latter. (Control Number 99MW020002), WP 03/02/99
99-09	Application from First National Bank of Yuma, Yuma, Colorado, to purchase the assets and assume the liabilities of the Akron, Colorado branch of Enterprise Bank, National Association, Omaha, Nebraska. (Control Number 99MW020003), WP 03/02/99

Approvals with conditions enforceable under 12 U.S.C. 1818

Letter No.	Topic
304	Application by Citibank, N.A., New York, New York, to invest in three limited liability companies through an existing operating subsidiary. (Control Number 98WO080028), WP 03/05/99
305	Application of Hibernia National Bank, New Orleans, Louisiana, to establish an operating subsidiary that will acquire noncontrolling interests in two limited liability companies involved in financing small- and medium-sized businesses. (Control Number 99SW080001), WP 03/15/99
306	Application by NationsBank, National Association, Charlotte, North Carolina, to receive a material noncash contribution to its surplus account and immediately thereafter reduce its outstanding capital. (Control Number 99ML12052), WP 03/15/99
307	Application of Wells Fargo Bank, National Association, San Francisco, California, to perform new activities in its operating subsidiary, to include holding a minority investment in a corporation that will sell and lease check cashing machines to third parties. (Control Number 98ML080001), WP 03/19/99

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 99-37, 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 March 15 through April 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.

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