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Interpretations and Actions: November 2014

Vol. 27, No. 11

Interpretive Letters

Letter No. Topic
1143 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for Bank of Mellon Trust Company, N.A., Jacksonville, Florida. 09/29/2014
1144 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for Citicorp Trust Delaware, N.A., Long Island City, New York. 09/29/2014
1145 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for Department Stores National Bank, Sioux Falls, South Dakota. 09/29/2014
1146 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for The Goldman Sachs Trust Company, N.A., New York, New York.09/29/2014
1147 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for HSBC Trust Company (Delaware), N.A., Wilmington, Delaware. 09/29/2014
1148 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for State Street Bank and Trust Company, N.A., New York, New York. 09/29/2014
1149 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for State Street Bank and Trust Company, Los Angeles, California. 09/29/2014
1150 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for U.S. Bank Trust Company, National Association, Portland, Oregon. 09/29/2014
1151 (PDF) Letter provides an exemption from calculating capital requirements in accordance with the Internal Ratings-Based and Advanced Measurement Approaches, 12 CFR Part 3, Subpart E, for Wells Fargo Delaware Trust Company, N.A., Wilmington, Delaware 09/29/2014

CRA Decisions

Letter No. Topic
164 (PDF) Application by Capital One, National Association, McLean, Virginia to relocate a branch to Cedar Park, Texas (Control Number: 2014-NE-Relocation-137407), 10/27/2014

Conditional Approvals

Letter No. Topic
1111 (PDF)

Application to organize an interim national bank, Interim PNB, National Association, Miami, Florida; application to consolidate Interim PNB with and into Pacific National Bank, Miami, Florida, and Pacific National Bank’s request for a waiver of the directors’ residency requirements 12 USC 72t. (Control Numbers: 2014-SO-Combination-137236 & 2014 SO DirectorWaiver-139848), 10/01/2014

Final Enforcement Actions

See OCC News Release 2014-161 announcing the availability of enforcement actions. All final enforcement actions are searchable.

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2014-156 announcing all CRA performance evaluations that became public from October 1, 2014, through October 31, 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, Disclosure Services, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219.