MADISON CTY. B. & L. ASS'N v. FED. HOME LOAN BK. BD.

No. 79-1969.

622 F.2d 393 (1980)

MADISON COUNTY BUILDING AND LOAN ASSOCIATION et al., Appellants, v. The FEDERAL HOME LOAN BANK BOARD et al., Appellees.

United States Court of Appeals, Eighth Circuit.

Decided June 4, 1980.


Attorney(s) appearing for the Case

George H. Moyer, Jr. (on brief), Moyer, Moyer & Egley, Madison, Neb., and Richard P. Nelson (on brief), Lincoln, Neb., argued; William J. Morris, Lincoln, Neb., and George H. Moyer, Madison, Neb., on brief for appellants.

Michael L. Seabolt (on brief), Gen. Counsel, Federal Home Loan Bank Bd., Washington, D.C., argued; Harold B. Shore and Harvey Simon, Washington, D.C., on brief for appellees.

Before LAY, Chief Judge, ROSS, Circuit Judge, and LARSON, Senior District Judge.


LARSON, Senior District Judge.

First Federal Savings & Loan Association of Lincoln, a federally chartered savings and loan association, requested the Federal Home Loan Bank Board's (FHLBB) permission to open a limited facility branch office in Madison, Nebraska. The FHLBB granted First Federal's request over the protest of several financial institutions in the area. These protestants then brought an action in federal...

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