NATIONAL COURIER ASS'N v. BOARD OF GOV. OF FED. R. S.

Nos. 73-2235, 73-2240.

516 F.2d 1229 (1975)

NATIONAL COURIER ASSOCIATION and Purolator Courier Corp., Petitioners, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent, Cameron Financial Corp., and Courier Express Corp., Intervenor. INDEPENDENT BANKERS ASSOCIATION OF AMERICA, INC., a non-profit corporation, Petitioner, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent, Cameron Financial Corp. et al., Intervenors.

United States Court of Appeals, District of Columbia Circuit.

As Amended August 26, 1975.


Attorney(s) appearing for the Case

Samuel K. Abrams, Washington, D.C., with whom Roger W. Langsdorf, Washington, D.C., was on the brief, for petitioners in No. 73-2235 also argued for petitioner in No. 73-2240.

Harry L. Hobgood, Washington, D.C., for petitioners in No. 73-2235.

Horace R. Hansen and Wayne P. Dordell, St. Paul, Minn., were on the brief for petitioner in No. 73-2240.

Ronald R. Glancz, Atty., Dept. of Justice, with whom Carla A. Hills, Asst. Atty. Gen., Morton Hollander, Atty., Dept. of Justice, and Andrew F. Oehmann, Acting Gen. Counsel, Board of Governors of the Federal Reserve System, were on the brief, for respondent.

Laurence C. Leafer, Alexandria, Va., of the bar of the Supreme Court of North Carolina, pro hac vice by special leave of court, with whom William F. King, Alexandria, Va., was on the brief,

Before McGOWAN, ROBB and WILKEY,


McGOWAN, Circuit Judge:

The Bank Holding Company Act of 1956, which generally prohibits bank holding companies from owning shares in companies other than banks, allows such ownership where the activities of the non-bank affiliate have been found by the Federal Reserve Board to be "so closely related to banking or managing or controlling banks as to be a proper incident thereto." 12 U.S.C. § 1843(c)(8) (1970). In the regulation herein challenged on direct...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases