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

No. LR-C-83-69.

562 F.Supp. 279 (1983)

CORNING SAVINGS AND LOAN ASSOCIATION; and The Corning Bank, Plaintiffs, v. FEDERAL HOME LOAN BANK BOARD; and Richard Pratt, James J. Jackson and Andrew Di Prete, as Members of Said Board and Pocahontas Federal Savings & Loan Association, Defendants.

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

April 13, 1983.

Attorney(s) appearing for the Case

John P. Gill, Gill, Skokos, Simpson, Buford & Owen, Little Rock, Ark., for plaintiffs.

Harvey Simon, Assoc. Gen. Counsel, Jonathon K. Heffron, James T. Lantelme, Trial Attys., Washington, D.C., for Federal Home Loan Bank Bd.

James W. Lance, Little Rock, Ark., John F. Forster, Jr., Wallace, Hilburn, Clayton, Calhoon & Forster, North Little Rock, Ark., for Pocahontas Federal Sav. & Loan.

MEMORANDUM OPINION

ROY, District Judge.

Pending before the Court is the motion of plaintiffs Corning Savings and Loan Association and The Corning Bank to stay the effectiveness of a resolution of defendant Federal Home Loan Bank Board ("Board") dated January 20, 1983. Pursuant to this resolution and a final approval document dated January 21, 1983, the defendant Pocahontas Federal Savings & Loan Association ("Pocahontas") opened a branch office in Corning...

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