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TRI-STATE BANCORP., INC. v. BOARD OF GOV. FED. RES. SYS.

No. 74-1957.

524 F.2d 562 (1975)

TRI-STATE BANCORPORATION, INC., Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Seventh Circuit.

Decided October 24, 1975.

Rehearing and Rehearing Denied December 15, 1975.

Attorney(s) appearing for the Case

Thomas A. Callaghan, Jr., Washington, D. C., for petitioner.

Irving Jaffe, Acting Asst. Atty. Gen., Donald Etra, Atty., Appellate Section, Civ. Div., Dept. of Justice, Washington, D. C., for respondent.

Before PELL and SPRECHER, Circuit Judges, and EAST, Senior District Judge.

Rehearing and Rehearing En Banc Denied December 15, 1975.

PELL, Circuit Judge.

This is a petition to set aside an order denying petitioner's application for approval of formation of a bank holding company. The Bank Holding Company Act, as amended, (BHC Act) (12 U.S.C. § 1841 et seq.) provides that certain applications made to the Board of Governors of the Federal Reserve System (Fed) under the BHC Act "shall be deemed to have been granted" should...

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