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FIRST FED. SAV. & L. v. FEDERAL HOME LOAN BANK

Civ. 6-80-237.

488 F.Supp. 889 (1980)

FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF BEMIDJI, the First National Bank of Bemidji, the Northern National Bank of Bemidji, and Security State Bank of Bemidji, Plaintiffs, v. FEDERAL HOME LOAN BANK BOARD and Jay Janis, Andrew DiPrete, and John H. Dalton, as Members of said Board; and First Federal Savings & Loan Association of Crookston, Defendants.

United States District Court, D. Minnesota, Sixth Division.

May 22, 1980.

Attorney(s) appearing for the Case

John P. Bailey, Smith, Carpenter, Petterson & Bailey, Bemidji, Minn., for plaintiffs.

Edwin M. Odland, Erickson, Erie & Odland, Crookston, Minn., Milan C. Miskovsky, Gen. Counsel, Harvey Simon, Asst. General Counsel and Jonathon K. Heffron, Trial Atty., Washington, D. C., for defendants.

MEMORANDUM AND ORDER

DEVITT, Chief Judge.

This action seeks review of a decision by the Federal Home Loan Bank Board permitting defendant First Federal Savings and Loan Association of Crookston to open a branch office in Bemidji, Minnesota. Plaintiffs are First Federal Savings and Loan Association of Bemidji, the only savings and loan institution presently located in Bemidji, and several Bemidji area banks. The plaintiffs assert that the Board's decision...

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