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WEST HELENA S. & L. ASS'N v. FEDERAL HOME LOAN BANK BD.

Nos. H 74 C-19 and H 75 C-29.

417 F.Supp. 220 (1976)

WEST HELENA SAVINGS & LOAN ASSOCIATION, Plaintiff, v. FEDERAL HOME LOAN BANK BOARD and Federal Savings and Loan Insurance Company, Defendants. WOODRUFF COUNTY SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. FEDERAL HOME LOAN BANK BOARD and Federal Savings and Loan Insurance Corporation, Defendants.

United States District Court, E. D. Arkansas, E. D.

June 28, 1976.

Attorney(s) appearing for the Case

Smith, Williams, Friday, Eldredge & Clark by Hermann Ivester, Little Rock, Ark., for both plaintiffs.

Eugene Schieffler, West Helena, Ark., for West Helena Assn.

Joe N. Peacock, McCrory, Ark., for Woodruff County Assn.

Lynne Finney, Washington, D. C., for amicus assn. state supervisors.

Harold E. Anderson, Jr., Little Rock, for Ark. state bd.

Roland Marcotte, Jr., Washington, D. C., for FHLBB and FSLIC.

MEMORANDUM OPINION

OREN HARRIS, Senior District Judge.

In this proceeding, the plaintiff, West Helena Savings & Loan Association (WHSLA), filed petition for judicial review of the decision of the defendants, Federal Home Loan Bank Board and Federal Savings and Loan Insurance Corporation, denying the plaintiff's applications for insurance of accounts by the Federal Savings and Loan Insurance Corporation (FSLIC) pursuant to Title 12, U.S.C. § 1726...

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