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Interpretations and Actions: October 2007

Vol. 20, No. 10

Interpretive Letters

Letter No. Topic
1088 Letter permits national bank, as member of centralized clearing facility that requires daily netting of obligations, to aggregate the daily net obligation amounts in order to determine compliance with the legal lending limit. 09/11/2007

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

Letter No. Topic
819 Application by First Tennessee Bank, National Association, Memphis, Tennessee, to establish a subsidiary and to hold a limited equity investment in connection with its investment management activities (Control Number 2007 WO 08 0003), 09/07/2007
820 Application to establish Bankers Trust Company, National Association, Phoenix, Arizona and the Bank's application to establish a messenger service branch in Maricopa County, Arizona and to exercise fiduciary powers 09/12/2007
821 Application to establish First National Bank of Scottsdale, Scottsdale, Arizona (Control Number 2007 SO 01 0007), 08/07/2007
822 Application to reorganize Kilgore National Bank, Kilgore, Texas to become a subsidiary of Kilgore National Financial Corp., Kilgore, Texas (Control Number 2007 SO 12 0246), 09/17/2007
823 Application to convert MidAmerica Bank, fsb, Clarendon Hills, Illinois, a federal savings bank, to a national bank to be known as MidAmerica Bank, National Association and immediately following the conversion, MidAmerica Bank, National Association will merge into National City Bank, Cleveland, Ohio with the latter as the surviving entity (Control Numbers 2007 CE 01 0008 & 2007 CE 02 0014), 09/21/2007

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2007-112, 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 September 15, 2007 through October 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.