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U. S. LEAGUE OF SAV. ASS'NS v. BD. OF GOV'RS, ETC.

Civ. A. No. 78-0878.

463 F.Supp. 342 (1978)

UNITED STATES LEAGUE OF SAVINGS ASSOCIATIONS, Plaintiff, v. BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM et al., Defendants.

United States District Court, District of Columbia.

October 31, 1978.

Attorney(s) appearing for the Case

Daniel J. Goldberg, Washington, D. C., for plaintiff.

Robert J. Franzinger, Dept. of Justice, Washington, D. C., for defendants.

William H. Smith, Washington, D. C., brief amicus curiae in support of defendants on behalf of the American Bankers Ass'n.

Herbert S. Colton, Washington, D. C., brief amicus curiae in support of plaintiff on behalf of National Ass'n of Home Builders.

MEMORANDUM

GASCH, District Judge.

This is a suit for declaratory and injunctive relief brought by the United States League of Savings Associations (USLSA), a national trade association representing approximately 4,400 state and federally chartered savings and loan associations (S & L's), to challenge regulations recently promulgated by the Board of Governors of the Federal Reserve System (the Board) and by the Federal Deposit Insurance Corporation (FDIC...

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