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Interpretations and Actions: April 2001

Vol. 14, No. 4>

PLEASE NOTE: Interpretive Letters and No-Objection Letters reflect the views of the Comptroller's legal staff. Corporate Decisions, CRA Decisions and Conditional Approvals are from the office of Bank Organization and Structure. The list of CRA Ratings is from the Communications Division. For copies of the CRA evaluations, you may either contact the bank directly, or you may write to the Office of the Comptroller of the Currency (OCC) in any of three ways: by mail to the OCC, Attn: Public Information Room, Mail Stop 1-5, Washington, D.C. 20219; by fax to (202) 874-4448; or by e-mail to You may also write to the OCC for copies of enforcement actions and charters with standard conditions.

Members of the news media are encouraged to cite the letter number when reporting or summarizing documents from this package. This helps us to process single requests based upon your citation in a more timely manner.

Corporate Decisions

Letter No. Topic
2001-06 Application by Chase Manhattan Bank USA, N.A., Wilmington, Delaware, to purchase substantially all the assets and assume certain liabilities of First USA Financial Services, Inc., Salt lake City, Utah. (Control Number 2000 NE 02 0039), 02/12/2001

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

Letter No. Topic
454 Application by Fleet National Bank, Providence, Rhode Island, to merge with Summit Bank, Hackensack, New Jersey; Summit Bank, Bethlehem, Pennsylvania; and Summit Bank, Norwalk, Connecticut. (Control Number 2000 ML 02 0032), 2/12/2001
455 Application by The Goldman Sachs Group, Inc. to charter a national trust bank with the title of The Goldman Sachs Trust Company, National Association, New York, New York. (Control Number 2000 NE 01 029), 3/01/2001
456 Application by Wachovia Bank, NA, Winston-Salem, North Carolina, to acquire an operating subsidiary that holds a non-controlling interest in a corporation that engages in professional employee organization services. (Control Number 2000 SE 08 0062), 3/10/2001
457 Application from Rushmore Trust and Savings, FSB, Bethesda, Maryland, to convert to a national bank charter with the title "FBR National Bank." (Control Number 2000 NE 01 0011), 3/15/2001

Charters with Standard Conditions

Each of the following charter application(s) were approved with a standard condition enforceable under 12 U.S.C. 1818 that requires the bank, during the first three years of its operation, to provide notice to the OCC in advance of any significant deviations or changes from its proposed operating plan.

Letter No. Topic
458 Ramona National Bank, Ramona, California, (Control Number 2000 WE 01 0011), 3/09/2001

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2001-38, 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, Mailstop 3-2, Comptroller of the Currency, Washington, DC 20219.