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PEOPLES BANK v. ECCLES

Civil Action No. 32200.

64 F.Supp. 811 (1946)

PEOPLES BANK v. ECCLES et al.

District Court of the United States for the District of Columbia.

March 14, 1946.

Attorney(s) appearing for the Case

J. Leonard Townsend, Edward M. Curran, U. S. Atty., and George B. Vest, all of Washington, D. C., for the motion.

Samuel B. Stewart and Blake, Voorhees & Stewart, all of New York City, Fulton, Walter & Halley, of Washington, D. C., and Sanner, Fleming & Irwin, of Los Angeles, Cal., opposed.

HOLTZOFF, Justice.

This is an action for a declaratory judgment. The plaintiff is the Peoples Bank, a banking corporation organized under the laws of the State of California. The defendants are members of the Board of Governors of the Federal Reserve System. The purpose of the action is to secure an adjudication that one of the conditions attached to the plaintiff's admission to membership in the Federal Reserve System is invalid, null and void. The defendants move...

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