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INVESTMENT CO. INST. v. BOARD OF GOV. OF FED. RES. SYS.

Civ. A. No. 74-697.

398 F.Supp. 725 (1975)

INVESTMENT COMPANY INSTITUTE, Plaintiff, v. The BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM et al., Defendants.

United States District Court, District of Columbia.

July 30, 1975.

Attorney(s) appearing for the Case

G. Duane Vieth, Melvin Spaeth, James W. Jones, Washington, D. C., for plaintiff.

Carla A. Hills, Earl J. Silbert, Michael A. Katz, Harland F. Leathers, David C. Shonka, Dept. of Justice, Washington, D. C., for defendants.

MEMORANDUM OPINION

JUNE L. GREEN, District Judge.

This matter is before the court on defendants' Motion to Dismiss, or in the Alternative, for Summary Judgment and plaintiff's Cross-motion for Summary Judgment.

Defendant, Federal Reserve Board, is authorized by section 4(c)(8) of the Bank Holding Company Act, 12 U.S.C. § 1843(c)(8), to determine those activities in which a bank holding company may engage as being so closely related to banking...

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