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FORT WORTH NAT. CORP. v. FEDERAL SAVINGS & LOAN INS. CORP.

Nos. 71-2821, 71-2828.

469 F.2d 47 (1972)

The FORT WORTH NATIONAL CORPORATION, Plaintiff-Appellee, v. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, Federal Home Loan Bank Board, et al., Defendants-Appellants. The FORT WORTH NATIONAL CORPORATION, Petitioner, v. FEDERAL HOME LOAN BANK BOARD and Federal Savings and Loan Insurance Corporation, Respondents.

United States Court of Appeals, Fifth Circuit.

October 12, 1972.

Attorney(s) appearing for the Case

Arthur W. Leibold, Jr., Gen. Counsel, Paul E. McGraw, Associate Gen. Counsel, Daniel J. Goldberg, Asst. Gen. Counsel, Washington, D. C., Phelps, Dunbar, Marks, Claverie & Sims, Philip deV. Claverie, New Orleans, La., for defendants-appellants.

Donald I. Baker, Stewart R. Smith, Attys., Dept. of Justice, Washington, D. C., amicus curiae.

Thomas H. Law, Boe W. Martin, Fort Worth, Tex., Eugene J. Metzger, Washington, D. C., for plaintiff-appellee.

Before WISDOM, GOLDBERG, and CLARK, Circuit Judges.

WISDOM, Circuit Judge:

The two cases consolidated for purposes of appendix, briefs, and argument present important questions concerning (1) the appropriate review procedure under section 408 of the National Housing Act, as amended by the Savings and Loan Holding Company Amendments of 1967, 12 U.S.C. § 1730a et seq., and (2) the authority of the Federal Savings and Loan Insurance Corporation to disapprove applications for acquisitions of institutions insured by...

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