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Interpretations and Actions: April 2009

Vol. 22, No. 4

Interpretive Letters

Letter No. Topic
1114 Letter concludes that where bank acts as lessor of personal property and lease is subject to section 23A of Federal Reserve Act and Federal Reserve Regulation W, the value of the transaction, i.e., the amount of the covered transaction, is the book value of the leased property. The leased property may serve as collateral for purposes of section 23A and Regulation W. 04/09/2009

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

Letter No. Topic
893 Clarification of certain issues relating to the ownership by The Capital Group Companies in Target Corporation and, indirectly, Target National Bank, Sioux Falls, South Dakota (Control Number 2007 WE 12 0249), 03/04/2009
894 Application for the establishment of Ozark Heritage Bank, National Association, Mountain View, Arkansas as an interim bank (Bank) pursuant to 12 USC 21 et seq.; and, pursuant to 12 USC 215a, the merger of First National Bank, Altheimer, Arkansas with, and into, the Bank, under the title of Ozark Heritage Bank, National Association (Control Number 2008 SO 02 0023), 03/16/2009
895 Application by The Huntington National Bank, Columbus, Ohio, relating to the restructuring of its lending relationship with Franklin Credit Management Corporation and its affiliates (Control Numbers 2009 CE 08 0016 and 017, and 2009 CE 12 045), 03/31/2009

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2009-40, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Communications Division, Mail Stop 2-3, Washington, D.C. 20219. You may also submit your request electronically through the , OCC's online FOIA site or fax your request to (202) 874-5274. 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, 2009 through April 14, 2009.

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 Activities. 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: Communications Division, Mail Stop 2-3, Washington, D.C. 20219; by fax to (202) 874-5274; or electronically at the OCC's online FOIA site. 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 $200 per year by writing to the Comptroller of the Currency, ATTN: Financial Management, Accounts Receivable, Mail Stop FM-2, 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 2-3, Washington, DC 20219.