U.S. LEAGUE OF SAV. v. DEPOS. INST. DEREGULATION

No. 81-2059.

710 F.2d 841 (1983)

UNITED STATES LEAGUE OF SAVINGS ASSOCIATION v. DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE, et al., Appellants.

United States Court of Appeals, District of Columbia Circuit.

Decided June 17, 1983.


Attorney(s) appearing for the Case

Peter J. Wallison, Gen. Counsel, Washington, D.C., Dept. of Treasury and Depository Institutions Deregulation Committee of the Bar of the District of Columbia Court of Appeals pro hac vice by special leave of Court with whom Charles F.C. Ruff, U.S. Atty., Washington, D.C., at the time the brief was filed; Robert E. Kopp and Freddi Lipstein, Attys., Dept. of Justice, and J. Virgil Mattingly, Jr., Associate Gen. Counsel, Board of Governors of the Federal Reserve System, Washington, D.C., were on the brief, for appellants. Anthony J. Steinmeyer and Michael F. Hertz, Attys., Dept. of Justice, Washington, D.C., also entered appearances for appellants.

Daniel J. Goldberg, Washington, D.C., with whom Matthew G. Ash, Washington, D.C., was on the brief for appellee.

James J. Butera was on the brief for amicus curiae, National Association of Mutual Savings Banks, urging affirmance.

Before ROBB and MacKINNON, Senior Circuit Judges, and HAROLD H. GREENE, Judge, United States District Court for the District of Columbia.


Opinion PER CURIAM.

PER CURIAM:

This case involves the question whether the Depository Institutions Deregulation Committee (DIDC) has the authority to issue a regulation which would eliminate interest rate ceilings applicable to certain categories of time deposits at federally insured commercial banks and thrift institutions. The district court struck down the regulation challenged in this action,1 holding that the DIDC's general...

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