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EARLY v. FED. RESERVE BANK

No. 226.

281 U.S. 84 (1930)

EARLY, RECEIVER, v. FEDERAL RESERVE BANK OF RICHMOND.

Supreme Court of United States.

Decided March 12, 1930.

Attorney(s) appearing for the Case

Messrs. George P. Barse and R.E. Whiting, with whom Mr. F.G. Awalt was on the brief, for petitioner.

Mr. M.G. Wallace for respondent.

Messrs. F.G. Awalt and George P. Barse, by special leave of Court, filed a brief as amici curiae, on behalf of J.W. Pole, Comptroller of the Currency.

MR. JUSTICE HOLMES delivered the opinion of the Court.

This is a suit brought by the receiver of a national bank in South Carolina, a member of the Federal Reserve System, to recover the reserve balance of that bank in the hands of the Federal Reserve Bank of Richmond at the end of business on October 9, 1926, when the South Carolina Bank, being insolvent, closed its doors. Other matters tried below are not in question here...

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