INDEPENDENT BANKERS v. FEDERAL HOME LOAN BANK BD.

Civ. A. No. 82-0508.

557 F.Supp. 23 (1982)

INDEPENDENT BANKERS ASSOCIATION OF AMERICA, Plaintiff, v. FEDERAL HOME LOAN BANK BOARD, et al., Defendants.

United States District Court, District of Columbia.

August 4, 1982.


Attorney(s) appearing for the Case

Leonard J. Rubin, Christine E. Carnavos, Washington, D.C., for plaintiff.

Harvey Simon, John E. Gunther, Jonathan K. Heffron, Washington, D.C., for defendants.


MEMORANDUM

GESELL, District Judge.

This case requires the Court to determine whether the Federal Home Loan Bank Board ("Board") has discretion to approve branches established by federally regulated savings and loan associations ("S & Ls") in states other than the association's state of domicile, pursuant to Statements of Policy issued by the Board in 1981. Independent Bankers Association of America ("Independent Bankers") contends that interstate branching...

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