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AMARILLO PRODUCTION CREDIT ASS'N v. FARM CREDIT ADMIN.

No. 89-1282.

887 F.2d 507 (1989)

AMARILLO PRODUCTION CREDIT ASSOCIATION, et al., Plaintiffs-Appellees, v. FARM CREDIT ADMINISTRATION, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

September 11, 1989.

Attorney(s) appearing for the Case

Mark B. Stern and Robert S. Greenspan, Attys., Appellate Staff, Civ. Div., Washington, D.C., for defendant-appellant.

Elizabeth M. Dean and Brenda R. Cosner, Farm Credit Admin., Office of Gen. Counsel, McLean, Va., Jerry N. Smith, Harlow Sprouse, and Daniel L. Schapp, Amarillo, Tex., for plaintiffs-appellees.

Before GARZA, REAVLEY and POLITZ, Circuit Judges.

REAVLEY, Circuit Judge:

The Farm Credit Administration (FCA) denied Amarillo Production Credit Association (Amarillo), a federally chartered lending institution, permission to withdraw from the Farm Credit System (System) in order to reorganize under state law. Amarillo sought judicial review of the administrative order and injunctive and declaratory relief. The district court held that the FCA does not have statutory authority to prevent Amarillo's withdrawal from...

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