Skip navigation
Ensuring a Safe and Sound Federal Banking System for All Americans Site Map | Text Size: S M L


Resources for bankers

Interpretations and Actions: December 2002

Vol. 15, 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
948 Letter concludes that national banks have legal authority under 12 U.S.C. 24(seventh) to purchase and re-sell, as principal, transferable state tax credits. 10/23/2002

CRA Decisions

Letter No. Topic
114 Application to merge Warren Five Cents Savings Bank, Peabody, Massachusetts, with and into Banknorth, National Association, Portland, Maine, under the charter and title of the latter. (Control Number 2002 NE 02 024), 11/7/2002

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

Letter No. Topic
558 Application to merge Frontier State Bank, Show Low, Arizona with and into National Bank of Arizona, Tucson, Arizona under the charter and title of the latter. (Control Number 2002 WE 02 0029), 11/08/2002
559 Request of The Hong Kong Chinese Bank Limited, Hong Kong, for the approval to proceed with its acquisition of substantially all of the banking business of CITIC Ka Wah Bank Limited, Hong Kong, prior to final action by the OC on its application to establish Federal branches in the United States. (Control Number 2002 IB 10 0009), 11/21/2002

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2002-94, 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 through December 14, 2002.

The Office of the Comptroller of the Currency publishes INTERPRETATIONS AND ACTIONS monthly. Subscriptions are available at a rate of $175 per year by writing to the Comptroller of the Currency, P.O. Box 73150, Chicago, IL 60673?7150. Prepayment is requested. Suggestions, comments or questions may be sent to Jacqueline J. England, Communications Division, Comptroller of the Currency, Mail Stop 3-2, Washington, DC 20219.