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Question: A local charity has asked the bank to contribute a gift basket to its annual fundraiser/raffle. Would this violate the federal banking rules prohibiting banks from participating in lotteries? Answer: No....according to OCC Interpretive Letter No. 923. That letter noted that it is okay for a national bank to donate an item for a civic fundraising raffle and be identified in advertisements as the donor of the item, as long as the bank took no action to publicize the lottery.
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