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Interpretations and Actions: May 1999

Vol. 12, No. 5

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
99-10 Application by Midstates Bank, National Association, Harlan, Iowa, to elect the corporate governance provisions of Iowa law and complete a reverse stock split in accordance with those provisions. (Control Number 99MW120044), 04/01/99
99-11 Application by Local Finance Corporation to charter Local Oklahoma Bank, National Association, Oklahoma, City, Oklahoma, which will then acquire through merger Local Oklahoma Bank, F.S.B., Oklahoma City, Oklahoma. (Control Number 99SW020019), 04/29/99

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

Letter No. Topic
308 Application by Huntington National Bank, Columbus, Ohio - acquisition of joint venture membership interest in limited liability company providing title insurance agency services. (Control Number 99CE080009), 04/08/99
309 Application by First Tennessee Bank, N.A., Memphis, Tennessee, to establish an operating subsidiary to engage, to limited extent, in underwriting and dealing activities with respect to municipal revenue bonds, and to engage in certain bank permissible activities. (Control Number 99WO08000), 04/12/99
310 Application to charter an uninsured national trust bank with the title "The Glenmede Trust Company, NA." (Proposed). (Control Number 99NE010002), 04/15/99
311 Request by Trustmark National Bank to expand the activities of an existing subsidiary to engage in certain general insurance agency activities as permitted under 12 USC 92 and to act as agent for the sale of fixed and variable rate annuities pursuant to 12 USC 24(7). (Control Number 99SE080004), 04/29/99
312 Application to charter NextBank, National Association, San Francisco, California. (Control Number 98WO010027 & 99WO080008), 05/08/99

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 99-47, 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 April 15 through May 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.