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Interpretations and Actions: October 2015

Vol. 28, No. 10

Interpretive Letters

Letter No. Topic
1154 (PDF) Letter grants an exemption from certain provisions of the OCC’s short-term investment fund (STIF) rules in 12 C.F.R. 9.18(b)(4)(iii) referring to “dollars,” to allow national bank to operate STIF denominated in euros. 09/25/2015

CRA Decisions

Letter No. Topic
169 (PDF) Merger of TrustAtlantic Bank, Raleigh, North Carolina, with and into First Tennessee Bank, National Association, Memphis, Tennessee (Control Number: 2014-SO-Combination-141047), 09/16/2015

Corporate Decisions

Letter No. Topic
2015-07 (PDF) Application by Guaranty Bank, Milwaukee, Wisconsin, to relocate it branch office at 551 87th Lane Northeast, Blaine, Minnesota, to 4405 Pheasant Ridge Drive Northwest, Blaine, Minnesota (Control Number: 2015-HQ-Relocation-144299), 09/11/2015

Conditional Approvals

Letter No. Topic
1133 (PDF) Applications by Nordstrom fsb, Scottsdale, Arizona, for bulk transfer of assets to TD Bank USA, N.A., Wilmington, Delaware, and to receive a material noncash capital contribution from Nordstrom Credit, Inc. (Control Numbers: 2015-WE-5.53-144184 and 2015-WE-Capital&Dividends-144888), 09/18/2015
1134 (PDF) Applications by Adams Community Bank, Adams, Massachusetts, to establish an interim ban, with the title Lenox Acquisition Bank, National Association, Adams, Massachusetts, and the subsequent consolidation of the newly formed interim bank into The Lenox National Bank, Lenox, Massachusetts; and the Notice of voluntary liquidation filed by The Lenox National Bank to immediately liquidate after the consolidation (Control Numbers: 2015-NE-Combination-142440 and Terminations-144748), 09/22/2015
1135 (PDF) Applications by Heritage Bank, Saint George, Utah, for voluntary dissolution, and capital distribution (Control Numbers: 2015-WE-Termination-144212 and 2015-WE-Capital&Div-144609), 09/24/2015

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2015-134 announcing all CRA performance evaluations that became public from September 1, 2015, through September 30, 2015. A search of all public CRA evaluations can be done at

Final Enforcement Actions

See OCC News Release 2015-139 announcing the availability of enforcement actions. All final enforcement actions are searchable at

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, Disclosure Services, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, 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, Washington, DC 20219.