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MICHIGAN SAV. & LOAN LEAGUE v. FRANCIS

Nos. 80-1393, 80-1452.

683 F.2d 957 (1982)

MICHIGAN SAVINGS AND LOAN LEAGUE, et al., Plaintiffs-Appellants (80-1393), v. Richard FRANCIS, Commissioner of the Michigan Financial Institutions Bureau of the Department of Commerce of the State of Michigan, Defendant-Appellee (80-1393 & 80-1452), v. FEDERAL HOME LOAN BANK BOARD, Defendant-Appellant (80-1452).

United States Court of Appeals, Sixth Circuit.

Decided July 8, 1982.

Rehearing and Rehearing Denied October 4, 1982.

Attorney(s) appearing for the Case

Donald S. Young, Detroit, Mich., for plaintiffs-appellants in No. 80-1393 and defendant-appellant in No. 80-1452.

Fred J. Fechheimer, Dykema, Gossett, Spencer, Goodnow & Trigg, Detroit, Mich., for plaintiffs-appellants in No. 80-1393.

Frank J. Kelley, Atty. Gen. of Mich., Lansing, Mich., for Richard Francis in both cases.

Robert Ianni, Asst. Atty. Gen., Lansing, Mich., Harold B. Shore, Federal Home Loan Bank Bd., Washington, D. C., for Richard Francis in No. 80-1393.

Harvey Simon, John E. Gunther, Federal Home Loan Bank Bd., Washington, D. C., for defendant-appellee in No. 80-1393 and defendant-appellant in No. 80-1452.

Before EDWARDS, Chief Judge, and ENGEL and KEITH, Circuit Judges.

Rehearing and Rehearing En Banc Denied October 4, 1982.

KEITH, Circuit Judge.

The plaintiffs, a group of federally chartered savings and loan associations, and their trade association, the Michigan Savings and Loan League ("Plaintiffs") filed this action in the United States District Court for the Eastern District of Michigan against Richard Francis, Commissioner of the Michigan Financial Institutions Bureau ("Commissioner").1...

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