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HARTIGAN v. FEDERAL HOME LOAN BANK BD.

Nos. 84-1023, 83-1042 and 84-1053.

746 F.2d 1300 (1984)

Neil F. HARTIGAN, Attorney General of the State of Illinois, State of Illinois and People of the State of Illinois, ex rel., Neil F. Hartigan, Illinois Bankers Association, and Eugene P. Heytow, Petitioners, v. FEDERAL HOME LOAN BANK BOARD and Federal Savings and Loan Insurance Corporation, Respondents.

United States Court of Appeals, Seventh Circuit.

Decided October 22, 1984.

As Amended October 22, 1984.

Attorney(s) appearing for the Case

Don H. Reuben, Reuben & Proctor, Russell G. Miller, Mass, Miller & Josephson, Richard F. Levy, Levy & Erens, Chicago, Ill., petitioners.

William K. Black, Denise Z. Fields, Office of Gen. Counsel, Washington, D.C., Robert W. Patterson, Michael F. Duhl, John L. Rogers, III, William J. McKenna, Jr., Hopkins & Sutter, Chicago, Ill., for respondents.

Before BAUER, POSNER, and COFFEY, Circuit Judges.

BAUER, Circuit Judge.

I. FACTS

First Federal Savings and Loan Association (First Federal) was a large, federally-chartered, mutual savings and loan association with headquarters in Chicago, Illinois. Beginning in 1980, the Federal Savings and Loan Insurance Corporation (FSLIC or the Corporation) and its operating head, the Federal Home Loan Bank Board (Bank Board), became increasingly concerned about First Federal...

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