W. C. YORK, Petitioner,
v.
FEDERAL HOME LOAN BANK BOARD and Federal Savings and Loan Insurance Corp., Respondents,
First Federal Savings and Loan Association of Raleigh, Intervenor,
National Savings and Loan League, Amicus Curiae,
North Carolina Savings and Loan League, Amicus Curiae.
United States Court of Appeals, Fourth Circuit.https://leagle.com/images/logo.png
Argued May 8, 1980.
Decided July 1, 1980.
Attorney(s) appearing for the Case
Howard E. Manning and Michael T. Medford, Raleigh, N. C. (Manning, Fulton & Skinner, Raleigh, N. C., on brief), for petitioner.
Michael L. Seabolt, Harvey Simon, Washington, D. C. (Harold B. Shore, Federal Home Loan Bank Board, Washington, D. C., on brief), for respondents.
Arch E. Lynch, Jr., Raleigh, N. C. (John J. Geraghty, Cecil W. Harrison, Jr., Poyner, Geraghty, Hartsfield & Townsend, Raleigh, N. C., on brief), for intervenor First Federal Savings and Loan Association of Raleigh.
Harding deC. Williams, Gen. Counsel, Washington, D. C., on brief, for amicus curiae National Savings and Loan League.
L. P. McLendon, Jr., Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, N. C., Daniel J. Goldberg, Silver, Freedman, Housely, Taff & Goldberg, Washington, D. C., on brief, for amicus curiae North Carolina Savings and Loan League.
Before FIELD, Senior Circuit Judge, and HALL and PHILLIPS, Circuit Judges.
United States Court of Appeals, Fourth Circuit.
FIELD, Senior Circuit Judge:
On October 17, 1978, the First Federal Savings & Loan Association of Raleigh (hereinafter First Federal) filed an application with the Federal Home Loan Bank Board (hereinafter FHLBB or Bank Board) seeking to convert from a mutual form of ownership to a stock form of ownership while retaining its federal charter.1 On May 17, 1979, the FHLBB approved the proposed...
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