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INVESTMENT CO. INSTITUTE v. F.D.I.C.

Nos. 84-1616, 85-5769.

815 F.2d 1540 (1987)

INVESTMENT COMPANY INSTITUTE and Securities Industry Association, Petitioners, v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al., Respondents. INVESTMENT COMPANY INSTITUTE, et al., Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, et al.

United States Court of Appeals, District of Columbia Circuit.

Decided April 7, 1987.

Attorney(s) appearing for the Case

Harvey L. Pitt, Washington, D.C., with whom Henry A. Hubschman and David M. Miles, Washington, D.C., were on the brief, for petitioners in No. 84-1616 and appellants in No. 85-5769.

Theodore C. Hirt, Atty., Dept. of Justice, Washington, D.C., with whom Richard K. Willard, Asst. Atty. Gen., Joseph E. diGenova, U.S. Atty., John C. Murphy, Jr., Gen. Counsel, Federal Deposit Ins. Corp., Ronald Glancz, Asst. Gen., Counsel, Federal Deposit Ins. Corp., and Anthony J. Steinmeyer, Atty., Dept. of Justice, Washington, D.C., were on the brief, for respondents in No. 84-1616 and appellees in No. 85-5769.

Michael S. Helfer, Washington, D.C., was on the brief for amicus curiae Dealer Bank Ass'n, urging affirmance.

John T. Gill, III, Johanna M. Sabol, and Michael F. Crotty, Washington, D.C., were on the brief for amicus curiae American Bankers Ass'n, urging affirmance.

Before STARR and SILBERMAN, Circuit Judges, and WRIGHT, Senior Circuit Judge.

Opinion for the court per curiam.

PER CURIAM:

Petitioners/appellants Investment Company Institute (ICI) and Securities Industry Association (SIA) challenge regulations of the Federal Deposit Insurance Corporation (FDIC) governing the activities of insured banks that are not members of the Federal Reserve System. Petitioners principally argue that insofar as FDIC regulations allow nonmember insured banks to have subsidiary or affiliate relationships...

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