Interpretations and Actions: November 2025

Corporate Decisions and Conditional Approvals

Letter No.	Topic
1347	Application to merge Flagstar Financial, Inc. with and into Flagstar Bank, National Association, Hicksville, New York (Control No. 2025-Combination-342610, 10/3/2025)
1348	Application to charter Erebor Bank, National Association, Columbus, Ohio (Control No. 2025-Charter-342076, 10/15/2025)
1349	Application by Boston Trust Walden Company, Boston, Massachusetts to convert to a National Bank. (Control No. 2025-Conversion-342326, 10/30/2025)

Interpretive Letter

Letter No.	Topic
1186	Letter confirms that, based on the facts and circumstances of the bank's proposal, national banks may, as an activity incidental to the business of banking, pay network fees on blockchain networks to facilitate otherwise permissible activities and hold, as principal, amounts of crypto-assets on balance sheet necessary to pay network fees for which the bank anticipates a reasonably foreseeable need and to test otherwise permissible crypto-asset-related platforms.
1187	Letter granting request for an exemption from Section 23A and Regulation W.

Letter No.

Topic

1186

Letter confirms that, based on the facts and circumstances of the bank's proposal, national banks may, as an activity incidental to the business of banking, pay network fees on blockchain networks to facilitate otherwise permissible activities and hold, as principal, amounts of crypto-assets on balance sheet necessary to pay network fees for which the bank anticipates a reasonably foreseeable need and to test otherwise permissible crypto-asset-related platforms.

1187

Letter granting request for an exemption from Section 23A and Regulation W.

Interpretations and Actions: November 2025

Corporate Decisions and Conditional Approvals

Interpretive Letter

Supervisory Condition Letter