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FLORIDA DEPT. OF BANKING v. BOARD OF GOVERNORS

Nos. 84-3269, 84-3270.

760 F.2d 1135 (1985)

FLORIDA DEPARTMENT OF BANKING AND FINANCE, Petitioner, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent. FLORIDA BANKERS ASSOCIATION, and Sun Bank/Palm Beach, Petitioners, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Eleventh Circuit.

May 20, 1985.

Attorney(s) appearing for the Case

S. Craig Kiser, Carl B. Morstadt, Fla. Dept. of Banking & Finance, Tallahassee, Fla., for petitioner.

James F. Bell, Jones, Day, Beavis & Pogue, Arthur E. Wilmarth, Jr., Washington, D.C., for intervenor-petitioner.

James A. Michaels, Richard M. Ashton, Office of Gen. Counsel, Bd. of Governors of Federal Reserve System, Washington, D.C., for respondent.

Bowman Brown, Shutts & Bowen, Miami, Fla., Vaughn C. Williams, Skadden, Arps, Slate, Meagher & Flem, New York City, for intervenor-respondent.

Before RONEY and TJOFLAT, Circuit Judges, and BROWN, Senior Circuit Judge.

JOHN R. BROWN, Circuit Judge:

I. Overview

This action is a petition, pursuant to 12 U.S.C. § 1848, for review of an order of the Board of Governors of the Federal Reserve System (the Board). In its order,1 the Board, acting pursuant to the Bank Holding Company Act of 1956 (as amended), 12 U.S.C. § 1841 et seq., approved the application of a New York bank holding company, U.S. Trust, to expand the nonbanking...

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