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REPUBLIC OF TEXAS CORP. v. BOARD OF GOV. OF FED. RES.

No. 80-1985.

649 F.2d 1026 (1981)

REPUBLIC OF TEXAS CORPORATION, Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Fifth Circuit. Unit A

June 24, 1981.

Attorney(s) appearing for the Case

Marshall M. Searcy, George C. Lamb, III, Dallas, Tex., for petitioner.

J. Virgil Mattingly, Jr., William J. Sweet, Jr., Bd. of Governors, Federal Reserve System, Washington, D. C., for respondent.

Before BROWN, WISDOM and RANDALL, Circuit Judges.

RANDALL, Circuit Judge:

Petitioner Republic of Texas Corporation ("Republic") is a multibank holding company under the Bank Holding Company Act of 1956, as amended, 12 U.S.C.A. §§ 1841-1850 (West 1980). By order dated August 20, 1980, the Board of Governors of the Federal Reserve System ("the Board") denied Republic's application under section 3(a) of the Act, 12 U.S.C. § 1842(a) (Supp. III 1979), for advance approval of Republic's proposed acquisition...

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