STODDARD v. BOARD OF GOV. OF THE FED. RESERVE SYS.

No. 88-1148.

868 F.2d 1308 (1989)

Stanford C. STODDARD, Petitioner, v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, District of Columbia Circuit.

Decided March 3, 1989.


Attorney(s) appearing for the Case

Keith R. Fisher, with whom Walter A. Smith, Jr., and John G. Roberts, Jr., Washington, D.C., were on the brief, for petitioner.

Douglas B. Jordan, Atty., Bd. of Governors of the Federal Reserve System FRS, with whom John R. Bolton, Asst. Atty. Gen., Richard M. Ashton, Associate Gen. Counsel, Bd. of Governors FRS, and Ellen Broadman, Asst. Director, Office of the Comptroller, Washington, D.C., were on the brief, for respondent.

Before ROBINSON, STARR and BUCKLEY, Circuit Judges.


Opinion for the court filed by Circuit Judge BUCKLEY.

BUCKLEY, Circuit Judge:

Stanford C. Stoddard petitions this court for review of an order of the Board of Governors of the Federal Reserve System directing his removal as an officer and director of the Michigan National Bank of Detroit and imposing restrictions on his ability to serve as an officer, director, or employee of other banks. Stoddard argues that because he had resigned his positions before the...

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