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RELIANCE F. SAV. & LOAN, ETC. v. F. HOME LOAN B. BD.

No. 75 C 479.

407 F.Supp. 950 (1976)

RELIANCE FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO, Plaintiff, v. FEDERAL HOME LOAN BANK BOARD and St. Paul Federal Savings and Loan Association of Chicago, Defendant.

United States District Court, N. D. Illinois, E. D.

February 19, 1976.

Attorney(s) appearing for the Case

Henry S. Frank, Laser, Schostok, Kolman & Frank, Chicago, Ill., for plaintiff.

Harold B. Shore, Harvey Simon, John E. Gunther, Washington, D. C., for defendant Federal Home Loan Bank Bd., Charles E. Allen and Daniel J. Goldberg, Washington, D. C., of counsel.

Righeimer, Righeimer & Martin, Chicago, Ill., for defendant St. Paul Federal.

MEMORANDUM OPINION

MAROVITZ, Senior District Judge.

Motion to Dismiss

I.

In this action, plaintiff Reliance Federal Savings and Loan Association of Chicago ("Reliance") seeks to enjoin the Federal Home Loan Bank Board ("Board") from giving effect to Board Resolution No. 74-1393, which approved the application of St. Paul Federal Savings and Loan Association ("St. Paul"), a competitor of Reliance, to establish and operate a branch...

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