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HARALSON v. FEDERAL HOME LOAN BANK BD.

Civ. A. Nos. 86-1218, 86-1270.

655 F.Supp. 1561 (1987)

John B. HARALSON, et al., Plaintiffs, v. The FEDERAL HOME LOAN BANK BOARD, et al., Defendants (Two Cases).

United States District Court, District of Columbia.

January 13, 1987.

Attorney(s) appearing for the Case

Stephen D. Susman, Randall W. Wilson, Susman, Godfrey & McGowan, Houston, Tex., Judah Best, Ronald S. Cooper, Howard H. Stahl, Steptoe & Johnson, Washington, D.C., for plaintiffs.

Kirk K. Van Tine, Baker & Botts, Washington, D.C., William K. Black, Paul W. Grace, Peter A. Moir, Federal Home Loan Bank Bd., Washington, D.C., for defendants.

MEMORANDUM OPINION

NORMA HOLLOWAY JOHNSON, District Judge.

I. The Classification of Assets Regulations

A. The Proposed Rule

On July 2, 1986, the Federal Home Loan Bank Board published in the Federal Register a Notice of Proposed Rulemaking ("NPRM"). The FHLBB, as operating head of the FSLIC, proposed to adopt a new method of classifying certain commercial loans, and to revise its regulation regarding the reevaluation of assets by its...

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