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SARATOGA SAV. AND LOAN ASS'N v. FEDERAL HOME LOAN BANK

No. 88-7209.

879 F.2d 689 (1989)

SARATOGA SAVINGS AND LOAN ASSOCIATION, Petitioner, v. FEDERAL HOME LOAN BANK BOARD, Respondent.

United States Court of Appeals, Ninth Circuit.

Decided July 14, 1989.

Attorney(s) appearing for the Case

Andrew L. Faber, Berliner, Cohen & Biagini, San Jose, Cal., for petitioner.

Steven W. Dimmick, Trial Atty., Federal Home Loan Bank Bd., Washington, D.C., for respondent. On the brief, Dorothy L. Nichols, Thomas J. Segal, Charlotte Kaplow, Edward J. O'Meara, for respondent.*

Before FARRIS, THOMPSON and TROTT, Circuit Judges.

FARRIS, Circuit Judge:

The Saratoga Savings and Loan Association petitions for review of a cease and desist order issued by the Federal Home Loan Bank Board. Saratoga challenges the Board's authority to issue the order and the evidentiary basis for its findings of regulatory violations. We affirm in part, reverse in part, and remand.

BACKGROUND

Saratoga is a California-chartered savings and loan association...

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