Interpretations and Actions: September 2002

Vol. 15, No. 9

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 Bank Organization and Structure. 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: Public Information Room, Mail Stop 1-5, Washington, D.C. 20219; by fax to (202) 874-4448; or by email to FOIA-PA@occ.treas.gov. 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 more timely manner.

Interpretive Letters

Letter No.	Topic
942	Letter discusses the applicability of 12 C.F.R. § 3.27 to land development and property construction loans. 06/11/2002
943	National bank may own a 1/3 non-controlling equity interest in a LLC that will own an airplane for bank's business use. 07/24/2002
944	National bank engaged in issuance of retail and business credit cards may expand services to add loss notification and credit monitoring services to its product offerings. Loss notification services would include notifying of lost or stolen cards and requesting card reissuance. Credit monitoring services include credit scores, credit reports, credit monitoring, access to credit advisory consultants, access to social security, medical and motor vehicle records. 08/12/2002

Corporate Decisions

Letter No.	Topic
2002-14	Operating subsidiary notification by Metropolitan national Bank, New York, New York, to acquire G&R Check Cashing Corp. (Control Number 2002 NE 08 014), 08/27/2002

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

Letter No.	Topic
542	Application of First National Bank in Munday, Munday, Texas, to purchase certain assets and assume certain liabilities of the Haskell, Texas branch of First National Bank, Haskell, Texas. (Control Number 2002 SW 02 0016), 08/09/2002
543	Significant change in operating plan for Community Bank of Orange, National Association, Middletown, New York. (Control Number 2000 NE 01 0030), 08/15/2002
544	Application to establish a new national bank with the title of "Premier Bank, National Association," San Diego, California. (Control Number 2002 WE 01 0003), 08/22/2002
545	Request to convert Bank of Lockesburg, Lockesburg, Arkansas to a national bank with the title of "First National Bank of Stuttgart." (Control Number 2002 SW 01 0004), 08/30/2002

Charters with Standard Condition

Each of the following charter application(s) were approved with a standard condition enforceable under 12 U.S.C. 1818 that requires the bank to provide notice and obtain OCC's non-objection in advance of any significant deviations or changes from its business plan or operations.

Letter No.	Topic
546	Request to convert Tri-County Bank to a national bank with the title of "Tri-County Bank, National Association," Cheyenne, Wyoming. (Control Number 2002 WE 01 0007), 08/14/2002
547	Application to charter Landmark National Bank, Solana Beach, California. (Control Number 2002 SW 01 0004), 07/30/2002

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2002-71, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Public Reference Room, Mailstop 1-5, Washington, D.C. 20219. 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 August 14 through September 15, 2002.

INTERPRETATIONS AND ACTIONS is published monthly by the Office of the Comptroller of the Currency. Subscriptions are available at a rate of $175 per year by writing to the Comptroller of the Currency, P.O. Box 70004, Chicago, IL 60673-0004. Prepayment is requested. Suggestions, comments or questions may be sent to Jacqueline J. England, Communications Division, Mailstop 3-2, Comptroller of the Currency, Washington, DC 20219.