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APPLIANCE BUYERS CREDIT CORP. v. PROSPECT NAT. BANK

No. 80-1056.

505 F.Supp. 163 (1981)

APPLIANCE BUYERS CREDIT CORPORATION, a Delaware Corporation, Plaintiff, v. PROSPECT NATIONAL BANK OF PEORIA, a National Banking Corporation, and Federal Reserve Bank of Chicago, Defendants.

United States District Court, C. D. Illinois.

January 15, 1981.

Attorney(s) appearing for the Case

Robert D. Jackson and David R. Aplington, Peoria, Ill., John F. McClure, Chicago, Ill., for plaintiff.

Charles G. Roth, Peoria, Ill., Patricia A. Tauchert, Legal Dept., Federal Reserve Bank of Chicago, Chicago, Ill., for defendants.

DECISION AND ORDER ON MOTIONS TO DISMISS

ROBERT D. MORGAN, Chief Judge.

Plaintiff filed this action seeking damages for alleged negligence in the handling for collection of two checks it deposited with defendant Prospect National Bank (PNB). Count I of the Amended Complaint alleges direct negligence on the part of PNB. Count II alleges direct negligence on the part of defendant Federal Reserve Bank of Chicago (FRBC). Count III alleges

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