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ANDERSON v. FEDERAL RESERVE BANK OF BOSTON

No. 6832.

69 F.2d 319 (1934)

ANDERSON v. FEDERAL RESERVE BANK OF BOSTON et al.

Circuit Court of Appeals, Fifth Circuit.

March 5, 1934.

Attorney(s) appearing for the Case

Kenneth I. McKay, of Tampa, Fla., for appellant.

John D. Harris and Harvey L. McGlothlin, both of St. Petersburg, Fla., for appellees.

Before BRYAN, SIBLEY, and WALKER, Circuit Judges.

SIBLEY, Circuit Judge.

This is a contest between the receiver of a failed national bank and the holders of checks drawn on that bank which were presented by mail through a Federal Reserve Bank before the failure, and which the failed bank undertook to pay by sending by mail a draft against its reserve account in the Federal Reserve Bank. The receiver claims that he should have the amount of the reserve account undiminished by the draft. The checkholders claim that...

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