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INDEPENDENT INS. AGENTS v. BD. OF GOVERNORS

Nos. 83-1818, 83-1819.

736 F.2d 468 (1984)

INDEPENDENT INSURANCE AGENTS OF AMERICA, INC., and Independent Insurance Agents of Missouri, Inc., Petitioners, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent. Intervenor (Commerce Bancshares, Inc.) For Respondents. INDEPENDENT INSURANCE AGENTS OF AMERICA, INC., and Independent Insurance Agents of Missouri, Inc., Petitioners, v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Respondent. Intervenor (Mercantile Bancorporation, Inc.) For Respondents.

United States Court of Appeals, Eighth Circuit.

Decided June 13, 1984.

Rehearing and Rehearing Denied August 1, 1984.

Attorney(s) appearing for the Case

J. Paul McGrath, Asst. Atty. Gen., Civil Div., Dept. of Justice, Washington, D.C., Michael Bradfield, General Counsel, Richard M. Ashton, James E. Scott, Attys., Board of Governors of the Federal Reserve System, Washington, D.C., for respondent.

Thomas E. Wilson, John B. Beaty, Charles, Karalekas, McCahill & Wilson, Washington, D.C., for petitioners.

Bryan, Cave, McPheeters & McRoberts, Thomas C. Walsh, James E. DeFranco, St. Louis, Mo., for intervenor; Maryln Golub, Kansas City, of counsel.

Before ROSS, Circuit Judge, HENLEY, Senior Circuit Judge, and BOWMAN, Circuit Judge.

Rehearing and Rehearing En Banc Denied August 1, 1984.

HENLEY, Senior Circuit Judge.

The Board of Governors of the Federal Reserve System (the Board), the respondent in this case, approved the applications of the intervenors, Commerce Bancshares, Inc. (Commerce) and Mercantile Bancorporation, Inc. (Mercantile), both bank holding companies, to sell certain kinds of insurance. The Independent Insurance Agents of America (IIAA) have petitioned this court to review...

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