WEST HELENA S & L ASS'N v. FED. HOME LOAN BANK BD.

Nos. 76-1562, 76-1563.

553 F.2d 1175 (1977)

WEST HELENA SAVINGS & LOAN ASSOCIATION, Appellee, v. FEDERAL HOME LOAN BANK BOARD and Federal Savings and Loan Insurance Corporation, Appellants. WOODRUFF COUNTY SAVINGS & LOAN ASSOCIATION, Appellee, v. FEDERAL HOME LOAN BANK BOARD and Federal Savings and Loan Insurance Corporation, Appellants.

United States Court of Appeals, Eighth Circuit.

Decided April 28, 1977.


Attorney(s) appearing for the Case

Roland Marcotte, Jr., Washington, D. C., for appellants; Daniel J. Goldberg, Acting Gen. Counsel, Harold B. Shore, Associate Gen. Counsel, Harvey Simon, Senior Trial Atty., Washington, D. C., on brief.

Hermann Ivester, Little Rock, Ark., for appellees; Eugene L. Schieffler, West Helena, Ark., for West Helena Savings & Loan Assn., Herman Ivester, Little Rock, Ark., for West Helena Savings & Loan Assn. and Woodruff County Savings & Loan Assn., on brief.

Lynne D. Finney, Washington, D. C., for amicus curiae; National Assn. of State Savings and Loan Supervisors, on brief.

Bradley D. Jesson and Robert T. Dawson, Fort Smith, Ark., on brief for amicus curiae Arkansas Savings and Loan League.

Jim Guy Tucker, Atty. Gen., State of Ark., and Lonnie A. Powers, Deputy Atty., Gen., Little Rock, Ark., on brief for amicus curiae State of Arkansas.

Sellers & Sellers, Sapulpa, Okl., on brief for amicus curiae Grady County Savings & Loan Assn.

Brooks McLemore, Jr., Atty. Gen., State of Tennessee, and C. Hayes Cooney, Chief Deputy Atty. Gen., Nashville, Tenn., on brief for amicus curiae State of Tennessee.

Before WEBSTER and HENLEY, Circuit Judges, and VAN PELT, Senior District Judge.


HENLEY, Circuit Judge.

These are appeals by the Federal Home Loan Bank Board (Board) and the Federal Savings and Loan Insurance Corporation (Corporation) from a joint judgment of the United States District Court for the Eastern District of Arkansas1 which ordered appellants to grant deposit insurance to the plaintiffs, West Helena Savings & Loan Association (West Helena) and Woodruff County Savings & Loan Association (Woodruff...

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