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Interpretations and Actions: March 2007

Vol. 20, No. 3

Community Development Investment Letters

Letter No. Topic
2006-1 Fund comprised of SBA guaranteed loans - A national bank may make an investment in a fund which invests in the federally guaranteed portion of Small Business Administration 7(a) loans. 02/08/2006

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

Letter No. Topic
786 Application to merge Brown Brother Harriman Trust Company of Florida, Palm Beach, Florida, and Brown Brothers Harriman Trust Company of Pennsylvania, Philadelphia, Pennsylvania, under the charter and title of Brown Brothers Harriman Trust Company, National Association, New York, New York (Control Number 2006 NE 02 0026), 02/05/2007 AMENDS Conditional Approval #777
787 Application to establish a new national bank with the title of "Goldwater Bank, National Association," Scottsdale, Arizona and messenger service branch (Control Numbers 2006 WE 01 0010 & 2006 WE 05 0132), 02/07/2007
788 Application to establish a new national bank with the title of "Panther Community Bank, National Association," Lehigh Acres, Florida (Control Number 2006 SO 01 0022), 02/15/2007
789 Application to establish a new national bank with the title of "Waterford Bank, National Association," Toledo, Ohio (Control Number 2006 CE 01 0005), 02/23/2007
790 Application by The Old Second National Bank of Aurora, Aurora, Illinois, to establish two operating subsidiaries to engage in certain permissible activities (Control Numbers 2006 CE 08 0024 & 0025), 02/27/2007

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2007-22, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Public Information Room, Mail Stop 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 February 15, 2007 through March 14, 2007.

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 Licensing. The Community Development Investment Letters are from the office of Community Affairs. 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 timelier manner.

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, ATTN: Accounts Receivable, Mail Stop 4-8, 250 E Street, S.W., Washington, DC 20219. Prepayment is requested. Suggestions, comments or questions may be sent to Jacqueline J. England, Comptroller of the Currency, Communications Division, Mail Stop 3-2, Washington, DC 20219.