BICKFORD'S, INC. v. FEDERAL RESERVE BANK OF NEW YORK


5 F.Supp. 875 (1933)

BICKFORD'S, Inc., v. FEDERAL RESERVE BANK OF NEW YORK et al.

District Court, S. D. New York.

November 23, 1933.


Attorney(s) appearing for the Case

Abraham H. Simon, of Brooklyn, N. Y., for plaintiff and intervener.

Davis, Polk, Wardwell, Gardiner & Reed, of New York City (Lansing P. Reed and Ralph M. Carson, both of New York City, of counsel), for defendant Federal Reserve Bank of New York.

Carl J. Austrian, of New York City (Warren C. Fielding, Edward Feldman, and Arthur Ofner, all of New York City, of counsel), for Bank of United States and Joseph A. Broderick.


PATTERSON, District Judge.

The suit is to impress a trust upon the proceeds of certain checks collected by the defendant Federal Reserve Bank. The bill alleges that the plaintiff deposited checks drawn on other banks with the Bank of United States shortly before it was closed, to be collected and credited to its account with that bank, and that other depositors likewise deposited checks for collection; that the Bank of United States sent the checks to the Federal...

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