Interpretations and Actions: January 2021

Vol. 34, No. 1

Interpretive Letters

Letter No.	Topic
1174	Interpretation on national bank and federal savings association authority to use independent node verification networks and stablecoins for payment activities 01/04/2021
1176	Interpretation addresses the authority of the OCC to charter national banks within the scope of 12 U.S.C. § 27(a) 01/11/2021
1177	Community Reinvestment Act Qualifying (CRA) activities conducted by a national bank’s or savings association’s subsidiaries and affiliates, including nonbank parent and sister companies of a national bank or savings association under certain circumstances, can receive CRA credit under the June 2020 CRA final rule 01/04/2021

Supervisory Condition Letters

Letter No.	Topic
2021-01	Commonwealth Bank of Australia, New York Branch, New York, New York – No supervisory objection to the request to exclude liabilities from repurchase agreements from capital equivalency deposit calculation (01/07/2021)

Conditional Approvals

Letter No.	Topic
1255	Commonwealth Bank of Australia, New York Branch, New York, New York – No supervisory objection to the request to exclude liabilities from repurchase agreements from capital equivalency deposit calculation (01/07/2021)

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2021-5 announcing all CRA performance evaluations that became public from December 1, 2020 through December 31, 2020. A search of all public CRA evaluations can be done at http://apps.occ.gov/crasearch/default.aspx.

Final Enforcement Actions

See OCC News Release 2021- 13 announcing the availability of enforcement actions.  All final enforcement actions are searchable at http://apps.occ.gov/EnforcementActions/.

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.

If you are unable retrieve the CRA evaluations or enforcement actions online, you can submit a request to obtain copies at the OCC’s online FOIA site, https://foia-pal.occ.gov/palMain.aspx. 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 7^th Street, SW, Suite 3E-218, Washington, DC 20219.