NORTH NEW YORK SAVINGS BANK v. FEDERAL S. & L. INS. CORP.

Civ. A. No. 1376-73.

369 F.Supp. 1128 (1974)

NORTH NEW YORK SAVINGS BANK, Plaintiff, v. FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION, Defendant.

United States District Court, District of Columbia.

February 7, 1974.


Attorney(s) appearing for the Case

Anthony J. McMahon, Philadelphia, Pa., for plaintiff.

Daniel J. Goldberg, Lawrence W. Hayes, Loren J. Friesen, Washington, D. C., for defendant.


CHARLES R. RICHEY, District Judge.

I. BACKGROUND

This action is before the Court on Motion for Summary Judgment submitted by both parties. There are two questions presented: first, is the Plaintiff entitled to receive interest on its share of the Secondary Reserve for 1971; and second, is the Plaintiff entitled to a credit for the "unearned" portion of its insurance premium paid to Defendant.

The Plaintiff in this case was, until October 1...

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