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FEDERAL HOME LOAN BANK BD. v. GREATER D. V. F. S. & L. ASS'N

No. 25844.

176 F.Supp. 24 (1959)

FEDERAL HOME LOAN BANK BOARD v. GREATER DELAWARE VALLEY FEDERAL SAVINGS AND LOAN ASSOCIATION (John S. Rice, Secretary of the Commonwealth, and Robert L. Myers, Jr., Secretary of Banking of the Commonwealth of Pennsylvania, Intervenors).

United States District Court E. D. Pennsylvania.

August 20, 1959.

Attorney(s) appearing for the Case

Ray E. Dougherty, Mose Silverman, Albion W. Fenderson, Federal Home Loan Bank Board, Washington, D. C., Thomas H. Creighton, Jr., Gen. Counsel, Federal Home Loan Bank Board, Washington, D. C., of counsel, for plaintiff.

Fred L. Rosenbloom, Edward W. Mullinix, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., J. Robert Twombly, Guy G. DeFuria, DeFuria, Larkin & DeFuria, Chester, Pa., for defendant.

Marshall J. Seidman, Deputy Atty. Gen., Anne X. Alpern, Atty. Gen., for intervenors.

EGAN, District Judge.

The Federal Home Loan Bank Board (sometimes herein referred to as the Board) alleging, among other things, that its prior consent had not been obtained, filed this action against defendant seeking a declaratory judgment to the effect that the defendant's conversion from a Federal charter to a State charter was ineffective and is void.

The Secretary of Banking and the Secretary of the Commonwealth of Pennsylvania, represented by the Attorney...

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