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Interpretations and Actions: July 2014

Vol. 27, No. 7

Interpretive Letters

Letter No. Topic
1142 (PDF) Letter concludes that a bank’s proposal to expand railcar leasing activities through an existing operating subsidiary is consistent with the OCC’s personal leasing regulation, 12 C.F.R. Part 23. 07/10/2014

Corporate Decisions

Letter No. Topic
2014-03 (PDF) Application by Peoples United Bank, Bridgeport, Connecticut, to include subordinated debt as a Tier Two Capital. (Control Number: R1-2014-0024), 06/17/2014
2014-04 (PDF) Application by Peoples United Bank, Bridgeport, Connecticut, for waiver of certain provisions of the federal savings association securities offering regulation. (Control Number: R1-2014-0024), 06/17/2014

Conditional Approvals

Letter No. Topic
1101 (PDF) Applications by Citizens Bank, National Association, Providence, Rhode Island, for the reduction of $220 million Tier 1 Capital and issuance of subordinated debt. (Control Numbers: 2014-NE-Capital&Div-138570 & 2014-NE-Capital&Div-138571), 06/19/2014

Final Enforcement Actions

See OCC News Release 2014-103 announcing the availability of enforcement actions. All final enforcement actions are searchable.

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2014-98 announcing all CRA performance evaluations that became public from June 1, 2014, through June 30, 2014. A search of all public CRA evaluations can be done.

PLEASE NOTE: Interpretive Letters and No-Objection Letters reflect the views of the Office of the Comptroller of the Currency’s (OCC) 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 Supervisory Conditions Letters are from the Special Supervision Division. The list of CRA Ratings is from the Communications Division.

You can obtain copies of CRA evaluations or enforcement actions by writing to the Freedom of Information Act Officer, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219. You may also submit a request electronically at the OCC’s online FOIA site. Please provide all identifying information when requesting documents. You may also contact the bank directly for copies of the CRA evaluations.

The OCC publishes INTERPRETATIONS AND ACTIONS monthly. Send suggestions, comments or questions to Jacqueline England, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219.