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Interpretations and Actions: September 2011

Vol. 24, No. 9

Interpretive Letters

Letter No. Topic
1133 (PDF) Letter concluding that the resecuritization of certain residential mortgage-backed securities is permissible under 12 CFR Part 1 and 12 USC 24(Seventh), subject to various terms and conditions and the accuracy of representations. 06/16/2011

Corporate Decisions

Letter No. Topic
2011-15 (PDF) Application of Capital Bank, National Association, Rockville, Maryland, to purchase certain assets of and assume certain liabilities of Public Savings Bank, Huntington Valley, Pennsylvania (Failed Entity) (Control Number 2011 NE 02 0022), 08/18/2011
2011-16 (PDF) Application by Sabadell United Bank, National Association, Miami, Florida, to purchase certain assets and assume certain liabilities of Lydian Private Bank, Palm Beach, Florida (Failed Entity) (Control Number 2011 SO 02 0029), 08/19/2011

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

Letter No. Topic
1006 (PDF) Application by Fullerton Federal Savings Association, Baltimore, Maryland, to convert from a federally chartered mutual savings association to a federally chartered stock savings association; to sell shares of its stock to Fairmount Bancorp, Inc., Baltimore, Maryland; and then merge into Fairmount Bank, Baltimore, Maryland (NATS Numbers R2-2011-0125 and 0126), 08/12/2011
1007 (PDF) Application by Liberty Savings Bank, FSB (Liberty), Wilmington, Ohio, for a proposed transfer of assets and liabilities in connection with the proposed sale of all of Liberty’s 16 branch offices and two ATMs located in Ohio to First Financial Bank, National Association, Hamilton, Ohio (NATS Number R3-2011-0166), 08/29/2011

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2011-122, 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

There is no CRA list this month, it will appear soon.

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.