FAIC SECURITIES, INC. v. UNITED STATES

Nos. 84-5408, 84-5409, 84-5411 and 84-1512.

768 F.2d 352 (1985)

FAIC SECURITIES, INC. v. UNITED STATES of America, et al. Federal Home Loan Bank Board, et al., Appellants. SECURITIES INDUSTRY ASSOCIATION v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Federal Home Loan Bank Board, et al., Appellants. FAIC SECURITIES, INC. v. UNITED STATES of America, et al., Appellants, Federal Home Loan Bank Board, et al. SECURITIES INDUSTRY ASSOCIATION v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Appellants, Federal Home Loan Bank Board, et al.

United States Court of Appeals, District of Columbia Circuit.

Decided January 30, 1985.

Opinion Filed July 26, 1985.


Attorney(s) appearing for the Case

Nicholas S. Zeppos, Atty., Dept. of Justice, Washington, D.C., with whom Richard K. Willard, Acting Asst. Atty. Gen., Dept. of Justice, Joseph E. diGenova, U.S. Atty., and Anthony J. Steinmeyer, Atty., Dept. of Justice, Washington, D.C., were on brief, for appellant Federal Deposit Ins. Corp. in Nos. 84-5411 and 84-5412.

James A. Smith, Washington, D.C., with whom John Lansdale, Jr., James P. Murphy and William K. Black, Washington, D.C., were on brief, for appellants Federal Home Loan Bank Bd., et al., in Nos. 84-5408 and 84-5409.

James E. Kaplan, Washington, D.C., with whom Jeffrey C. Martin and Lawrence J. Latto, Washington, D.C., were on brief, for appellee FAIC Securities, Inc. in Nos. 84-5408 and 84-5411. Bruce C. Swartz and Stephen J. Hadley, Washington, D.C., entered appearances for appellee in Nos. 84-5408 and 84-5411.

James B. Weidner, New York City, with whom John M. Liftin was on brief, for appellee Securities Industry Ass'n in Nos. 84-5409 and 84-5412.

Before MIKVA, EDWARDS and SCALIA, Circuit Judges.


Opinion for the Court filed by Circuit Judge SCALIA.

SCALIA, Circuit Judge.

These appeals are from an order of the District Court declaring regulations promulgated by appellants, the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board, to be unlawful and enjoining their implementation. The regulations change the existing federal insurance coverage of $100,000 per depositor, per financial institution, by adding the qualification that...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases