PEOPLES BANK v. FEDERAL RESERVE BANK OF SAN FRANCISCO

No. 11002.

149 F.2d 850 (1945)

PEOPLES BANK v. FEDERAL RESERVE BANK OF SAN FRANCISCO et al. FEDERAL RESERVE BANK OF SAN FRANCISCO v. PEOPLES BANK.

Circuit Court of Appeals, Ninth Circuit.

June 29, 1945.


Attorney(s) appearing for the Case

Sanner, Fleming & Irwin, of Los Angeles, Cal., Willkie, Owen, Otis, Farr & Gallagher, of New York City, and Kenneth M. Johnson, of San Francisco, Cal. (Carl M. Owen, of New York City, John Amos Fleming, of Los Angeles, Cal., and Kenneth M. Johnson, of San Francisco, Cal., of counsel), for Peoples Bank.

Albert C. Agnew and John A. O'Kane, both of San Francisco, Cal., for Federal Reserve Bank of S. F.

Frank J. Hennessy, U. S. Atty., and W. E. Licking, Asst. U. S. Atty., both of San Francisco, Cal., George B. Vest, Gen.Atty., Board of Governors of Federal Reserve System, of Washington, D. C., and Robertson, Leachman, Payne, Gardere & Lancaster and Neth L. Leachman, all of Dallas, Tex., for Henry F. Grady, Federal Reserve Agent.

Before GARRECHT, MATHEWS, and BONE, Circuit Judges.


GARRECHT, Circuit Judge.

The question here is whether this court has jurisdiction.

The Peoples Bank brought suit against the Federal Reserve Bank of San Francisco, Board of Governors of the Federal Reserve System, and Henry F. Grady, Federal Reserve Agent, to annul and enjoin the enforcement of a condition of membership in the Federal Reserve System required by the Board of Governors of the Federal Reserve System. In an opinion dated November 17, 1944, the...

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