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NATIONAL ASS'N OF INS. AGTS., INC. v. BOARD OF GOV. OF F. R. S.

No. 72-1938.

489 F.2d 1268 (1974)

NATIONAL ASSOCIATION OF INSURANCE AGENTS, INC., Petitioner, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent, The National Association of Life Underwriters, Intervenor.

United States Court of Appeals, District of Columbia Circuit.

January 9, 1974.

Attorney(s) appearing for the Case

Herbert E. Marks and Thomas J. Bacas, Washington, D. C., were on the brief for petitioner.

William N. Albus, Washington, D. C., was on the brief for intervenor.

Harlington Wood, Jr., Asst. Atty. Gen., and Walter H. Fleischer, and Robert S. Greenspan, Attys., Dept. of Justice, were on the brief for respondent.

Before BAZELON, Chief Judge, and McGOWAN and MacKINNON, Circuit Judges.

PER CURIAM:

This petition for direct review under Section 9 of the Bank Holding Company Act (12 U.S.C. § 1848) seeks to set aside a rule issued by the Federal Reserve Board which purports to interpret one of its own regulations (12 C.F.R. §§ 225.4(a)(9) and 225.128). It is variously asserted that, in doing so, the Board acted improperly without notice and hearing, failed to articulate adequate reasons, and lacked the support of substantial record evidence...

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