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Interpretations and Actions: October 1998

Vol. 11, No. 10

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.

Corporate Decisions

Letter No. Topic
98-42 Application by Nara Bank, National Association, Los Angeles, California, to purchase the assets and assume the liabilities of the Flushing, New York branch of the Korean Exchange Bank, Seoul, South Korea; (Control Number 98WE020020), (09/04/98).
98-43 Application by M&I First National Bank, West Bend, Wisconsin, to establish an operating subsidiary to reinsure mortgage insurance; (Control Number 98CE08023), (09/11/98).
98-44 Application to merge Barnett Bank, National Association, Jacksonville, Florida, and Community Bank of the Islands, Sanibel, Florida, with and into NationsBank, National Association, Charlotte, North Carolina; (Control Number 98ML020021), (09/18/98).

Approvals with Conditions Enforceable under 12 U.S.C. 1818

Letter No. Topic
286 Application to merge Capital Savings Bank, FSB, Jefferson City, Missouri, with and into Union Planters Bank, National Association, Memphis, Tennessee. (Control Number 98SE02014), 05/01/98
287 Application of Bank of America National Trust and Savings Association, San Francisco, California, to acquire non-controlling interest in a limited liability company through an existing operating subsidiary. (Control Number 98ML080015), 09/04/98
288 Application to merge Magna Bank, National Association, St. Louis, Missouri, with and into Union Planters Bank, National Association, Memphis, Tennessee. (Control Number 98SE020059), 09/30/98

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 98-112, 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 September 15 through October 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.