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Interpretations and Actions: December 2001

Vol. 14, No. 12

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.

Interpretive Letters

Letter No. Topic
919 Letter states that OCC permits model-driven funds, established pursuant to 12 CFR 9.18, to allocate costs to individual participants being admitted to or withdrawing from such funds in the same manner and to the same extent as section 9.18 index funds. 11/09/2001
920 Letter concludes that annual admissions and withdrawals are permitted under section 9.18, and therefore an exemption from section 9.18 is not required. 12/06/2001

Corporate Decisions

Letter No. Topic
2001-32 Application by First National Bank of Mount Vernon, Mount Vernon, Texas, to purchase certain assets and assume certain liabilities of the Mount Vernon, Texas branch of Jefferson Heritage Bank, FSB, Denton, Texas. (Control Number 2001 SW 02 0035), 11/19/2001
2001-33 Application to merge Stockmens Financial Corporation into Stockmens National Bank in Cotulla, Cotulla, Texas. (Control Number 2001 SW 02 0034), 11/29/2001

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

Letter No. Topic
503 Application by Country Club Bank, National Association, Prairie Village, Kansas, to establish a national trust bank with the title of "Country Club Trust Company, National Association," Kansas City, Missouri and to establish the Bank as an operating subsidiary. (Control Numbers 2001 MW 01 010 & 2001 MW 08 028), 11/26/2001

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2001-103, 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 November 15, 2001 through December 14, 2001.

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.