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BOARD OF GOVERNORS v. AGNEW

No. 66.

329 U.S. 441 (1947)

67 S.Ct. 411

91 L.Ed. 408

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ET AL. v. AGNEW ET AL.

Supreme Court of United States.

Decided January 6, 1947.

Attorney(s) appearing for the Case

J. Leonard Townsend argued the cause for petitioners. With him on the brief were Solicitor General McGrath, Robert L. Stern and George B. Vest.

Hugh H. Obear argued the cause and filed a brief for respondents.

MR. JUSTICE DOUGLAS delivered the opinion of the Court.

This case, here on certiorari to the Court of Appeals of the District of Columbia, presents important problems under § 30 and § 32 of the Banking Act of 1933, 48 Stat. 162, 193, 194, as amended, 49 Stat. 684, 709, 12 U.S.C. §§ 77, 78.

Section 30 of the Act provides that the Comptroller of the Currency, whenever he is of the opinion that a...

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