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BRYAN v. FEDERAL OPEN MARKET COMMITTEE

Civ. No. 445.

235 F.Supp. 877 (1964)

William D. BRYAN, Plaintiff, v. The FEDERAL OPEN MARKET COMMITTEE et al., Defendants.

United States District Court D. Montana, Billings Division.

December 7, 1964.

Attorney(s) appearing for the Case

Roy V. Morledge, Jr., and Raymond A. Wright, Billings, Mont., for plaintiff.

John W. Douglas, Asst. Atty. Gen., Harland F. Leathers and R. Dickey Hamilton, Department of Justice, Washington, D. C., Moody Brickett, U. S. Atty., Butte, Mont., and Richmond F. Allan, Asst. U. S. Atty., Billings, Mont., for defendants.

JAMESON, District Judge.

Plaintiff, alleging that he is the owner of a treasury bill, an obligation of the United States that is bought and sold on the open market, seeks a judgment (1) declaring the powers of the Federal Open Market Committee an unwarranted delegation of power by Congress; and (2) restraining its members from purchasing and selling obligations of the United States on the open market. The defendants filed a motion to dismiss the complaint, or in the...

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