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SECURITIES INDUSTRY ASS'N v. FED. HOME LOAN BANK BD.

Civ. A. No. 82-1920.

588 F.Supp. 749 (1984)

SECURITIES INDUSTRY ASSOCIATION, Plaintiff, v. FEDERAL HOME LOAN BANK BOARD, et al., Defendants.

United States District Court, District of Columbia.

May 9, 1984.

Attorney(s) appearing for the Case

John M. Liftin, James B. Weidner, Harry M. Yohalem, David A. Schulz, Bruce E. Braverman, Washington, D.C., for plaintiff.

Harvey Simon, John E. Gunther, David A. Felt, Federal Home Loan Bank Bd., Washington, D.C., for defendants.

MEMORANDUM

HAROLD H. GREENE, District Judge.

Plaintiff Securities Industry Association (SIA), an association representing over five hundred securities brokers, dealers, and underwriters, brought this action against the Federal Home Loan Bank Board (Board), its chairman, and its members. Plaintiff seeks a declaration of illegality of the Board's approval of applications submitted by three federal savings and loan associations to permit a service corporation...

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