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FIRST NAT. BANK & TRUST v. FEDERAL RESERVE BANK

No. K-80-464.

495 F.Supp. 154 (1980)

The FIRST NATIONAL BANK AND TRUST COMPANY OF MICHIGAN, a National Banking Association, Kalamazoo, Plaintiff, v. The FEDERAL RESERVE BANK OF CHICAGO DETROIT BRANCH; Kalamazoo County State Bank, Kalamazoo; the American National Bank and Trust Company of Michigan, Kalamazoo; the American National Bank in Portage, Kalamazoo; the Industrial State Bank and Trust Company, Kalamazoo; and First Federal Savings and Loan Association, Kalamazoo, Defendants.

United States District Court, W. D. Michigan, S. D.

July 23, 1980.

Attorney(s) appearing for the Case

William A. Dornbos, Adams, Burgie, Scott, Ritter & Dornbos, Kalamazoo, Mich., for plaintiff.

Roger G. Allen, Kalamazoo, Mich., for American National Bank and Trust of Michigan and American National Bank in Portage.

James G. Vantine, Jr., Kalamazoo, Mich., for Industrial Bank and Trust Co.

Gordon Kriekard, Kalamazoo, Mich., for Kalamazoo County State Bank.

Ronald B. Stephens, Kalamazoo, Mich., for First Federal Savings and Loan Association in Kalamazoo.

Patricia Tauchert, Legal Dept., for Federal Reserve Bank of Chicago, Detroit Branch.

OPINION ON PLAINTIFF'S MOTION FOR A PRELIMINARY INJUNCTION

ENSLEN, District Judge.

This matter is before the Court on a Motion for Preliminary Injunction. Plaintiff, First National Bank and Trust Company of Michigan (First) seeks to restrain the Defendants from returning and charging back to First any loan disbursement checks or cashier checks through the Federal Reserve Board Operating Circulars 4 and 17 or through the "Local Clearing Agreement".

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