LYONS SAVINGS & LOAN ASS'N v. FEDERAL HOME LOAN BANK BD.

Nos. 73 C 2565, 73 C 2595, 73 C 2677, 73 C 2820, 73 C 3170, 73 C 3175, 73 C 3196 and 73 C 3197.

377 F.Supp. 11 (1974)

LYONS SAVINGS & LOAN ASSOCIATION, Plaintiff, v. FEDERAL HOME LOAN BANK BOARD et al., Defendants. GLENVIEW GUARANTY SAVINGS AND LOAN ASSOCIATION, an Illinois savings and loan association, et al., Plaintiffs, v. Thomas R. BOMAR et al., Defendants. SKOKIE FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. FEDERAL HOME LOAN BANK BOARD and Talman Federal Savings and Loan Association of Chicago, Defendants. WINNETKA SAVINGS AND LOAN ASSOCIATION, an Illinois savings and loan association, et al., Plaintiffs, v. HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO, a Federal savings and loan association, et al., Defendants. AMERICAN HERITAGE SAVINGS AND LOAN ASSOCIATION, an Illinois Savings and Loan Association, Plaintiff, v. AUSTIN FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO, a Federal Savings and Loan Association, et al., Defendants. HINSDALE FEDERAL SAVINGS & LOAN ASSOCIATION, an Association organized under the laws of the State of Illinois, 1st Savings of Downers Grove, an Association organized under the Laws of the State of Illinois, and Ben Franklin Savings and Loan Association, an Association organized under the Laws of the State of Illinois, Plaintiffs, v. MID AMERICA FEDERAL SAVINGS & LOAN ASSOCIATION, a Federal Savings and Loan Association, et al., Defendants. FIRST CALUMET CITY SAVINGS, an Illinois Savings & Loan Institution, et al., Plaintiffs, v. FINANCIAL FEDERAL SAVINGS & LOAN ASSOCIATION, a Federal Savings & Loan Association, et al., Defendants. FIRST CALUMET CITY SAVINGS, an Illinois Savings & Loan Association, et al., Plaintiffs, v. CALUMET FEDERAL SAVINGS & LOAN ASSOCIATION, a Federal Savings & Loan Association, et al., Defendants.

United States District Court, N. D. Illinois, E. D.

March 27, 1974.


Attorney(s) appearing for the Case

Roy C. Palmer, and John J. Muldoon, Palmer, McHugh, Muldoon & Blackman, Ltd., Chicago, Ill., for plaintiffs Lyons Sav. and Loan Assn, American Heritage Sav. and Loan Assn, Hinsdale, Federal Sav. and Loan Assn, First Savings of Downers Grove, Ben Franklin Sav. and Loan Assn, First Calumet City Savings, First Sav. and Loan Assn of South Holland, Dolton-Riverdale Sav. and Loan Assn, First Sav. and Loan Assn of Hegewisch.

James S. Wirt, and A. Bradley Eben, Meyers & Matthias, Chicago, Ill., for plaintiffs Glenview Guaranty Sav. and Loan Assn, Niles Sav. and Loan Assn, The First Nat. Bank of Skokie, Old Orchard Bank and Trust Co.

Thomas H. Morsch, and Tomas M. Russell, Sidley & Austin, Chicago, Ill., for plaintiff Skokie Federal Sav. and Loan Assn.

Phillip E. Couri, Whitman, Kauffmann & Couri, Winnetka, Ill., for plaintiffs Winnetka Sav. and Loan Assn, Glenview Guaranty Sav. and Loan Assn.

Stuart B. Bradley, Bradley, Eaton, Jackman & McGovern, Chicago, Ill., for plaintiff Deerfield Sav. and Loan Assn.

David A. Bridewell, Russell, Bridewell & Lapperre, Chicago, Ill., for plaintiff The Winnetka Bank.

Francis J. McConnell, McConnell & Campbell, Chicago, Ill., for plaintiff First Nat. Bank of Winnetka.

Daniel J. Goldberg, Associate Gen. Counsel, Harvey Simon, Roland L. Marcotte, Jr., Federal Home Loan Bank Bd., Washington, D. C., for defendants Federal Home Loan Bank Board, Thomas R. Bomar, and Grady Perry, Jr.

Richard M. Calkins, Burditt & Calkins, Chicago, Ill., Donald E. Tolva, and Thomas B. Cassidy, Martin, Craig, Chester & Sonnenschein, Chicago, Ill., for defendant LaGrange Federal Sav. and Loan Assn.

Richard J. Troy, Geocaris, Sneider & Troy, Chicago, Ill., for defendant Brookfield Federal Sav. and Loan Assn.

Roger C. Wiegand, Reed, Smith, Shaw & McClay, Pittsburgh, Pa., Irwin I. Zatz, Arvey, Hodes, Costello & Burman, Chicago, Ill., for defendant Talman Federal Sav. and Loan Assn.

Leon E. Lindenbaum, Walsh, Case & Coale, Chicago, Ill., for defendant Home Federal Sav. and Loan Assn.

Emmett J. Galvin, Flynn, Galvin & Ryan, Chicago, Ill., for defendant Austin Federal Sav. and Loan Assn.

Fredric G. Novy, Garvey & Novy, Chicago, Ill., for defendant Mid America Federal Sav. and Loan Assn.

Paul R. Hoffman, Mortimer Hoffman, Chicago, Ill., for defendant Calumet Federal Sav. and Loan Assn.

Frank W. Gasior, Olympia Fields, Ill., Sherlock J. Hartnett, Chicago, Ill., for defendant Financial Federal Sav. and Loan Assn.

Philip B. Kurland, and M. I. Mishkin, Chicago, Ill., for amici curiae Illinois Bankers Assn, Independent Bankers Assn of America.


MEMORANDUM OPINION

WILL, District Judge.

Plaintiffs in all eight of these actions are financial institutions located in Illinois. The complaints seek declaratory and injunctive relief from decisions made by the Federal Home Loan Bank Board (Board), a defendant in each of the suits, approving applications from various federally chartered savings and loan associations in Illinois to establish branch offices. The jurisdiction of the court is invoked pursuant...

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