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PATAGONIA CORP. v. BOARD OF GOV. OF FED. RES. SYS.

No. 73-2432.

517 F.2d 803 (1975)

PATAGONIA CORPORATION, Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Ninth Circuit.

As Amended June 5, 1975.

Attorney(s) appearing for the Case

Jack J. Ross (argued), Phoenix, Ariz., for petitioner.

Donald Etra (argued), U. S. Dept. of Justice, Washington, D. C., for respondent.

Before ELY and CHOY, Circuit Judges, and WEIGEL, District Judge.

OPINION

ELY, Circuit Judge:

This case presents several difficult questions concerning the proper interpretation and application of the grandfather proviso that appears within section 4(a)(2) of the Bank Holding Company Act, as amended (hereinafter "the Act"), now codified as 12 U.S.C. § 1843(a)(2) (1970). Section 4(a)(2) was enacted as a part of the Bank Holding Company Act Amendments of 1970 (hereinafter ...

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