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FIRST INTERSTATE BANK OF DENVER, N.A. v. FDIC

Civ.A.No. 87-C-929.

718 F.Supp. 848 (1989)

FIRST INTERSTATE BANK OF DENVER, N.A., Plaintiff, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Defendant.

United States District Court, D. Colorado.

July 21, 1989.

Attorney(s) appearing for the Case

James C. Underhill, Denver, Colo., for plaintiff.

James A. Clark, Federal Deposit Ins. Corp., Washington, D.C. and James W. Winchester, Asst. U.S. Atty., Denver, Colo., for defendant.

MEMORANDUM OPINION AND ORDER

CARRIGAN, District Judge.

Introduction

This action arises over a dispute in the interpretation of the term "deposit" as defined by federal statute and regulation. Plaintiff, First Interstate Bank of Denver, N.A. ("First Interstate"), alleges that it had on deposit with Security Bank of Glenrock, Wyoming ("Glenrock"), $31,904.64 at the time of Glenrock's closure by the Wyoming Bank Examiner, and that the FDIC...

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