ON WRIT OF CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE SIXTH CIRCUIT. SERVICES v. WACHOVIA BANK, N. A., ET AL. No. 05-1342. Argued November 29, 2006. Decided April 17, 2007. National banks' business activities are controlled by the National Bank Act (NBA), 12 U.S.C. § 1 et seq., and regulations promulgated there under by the Office of the Comptroller of the Currency (OCC), see §§ 24, 93a, 371(a). OCC is charged with supervision of the NBA and, thus, oversees the banks' operations and
(a)Authority of national banks. A national bank may receive deposits and engage in any activity incidental to receiving deposits, including issuing evidence of accounts, subject to such terms, conditions, and limitations prescribed by the Comptroller of the Currency and any other applicable Federal law. (b)Applicability of state law. A national bank may exercise its deposit-taking powers without regard to state law limitations concerning: (1) Abandoned and dormant accounts; (2) Checking accounts;