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SAFEWAY PORTLAND E. F. C. U. v. FEDERAL DEP. INS. CORP.

No. 73-1207.

506 F.2d 1213 (1974)

SAFEWAY PORTLAND EMPLOYEES' FEDERAL CREDIT UNION, a federal credit union, Appellant, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Appellee.

United States Court of Appeals, Ninth Circuit.

November 18, 1974.

Attorney(s) appearing for the Case

Edward L. Fitzgibbon (argued), Portland, Ore., for appellant.

Cleveland C. Cory (argued) of Davies, Biggs, Strayer, Stoel & Boley, Portland, Ore., for appellee.

Before KILKENNY and SNEED, Circuit Judges, and JAMESON, District Judge.

OPINION

SNEED, Circuit Judge:

This case arises out of the failure of the Sharpstown State Bank of Houston, Texas. Plaintiff-Appellant Credit Union is a purchaser of brokered certificates of deposit of the bank. We have previously set out the facts surrounding this transaction. See Safeway Portland Employees' Federal Credit Union v. C. H. Wagner & Co., 501 F.2d 1120 (9th Cir., 1974).

In its complaint in...

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