Board of Governors of the Federal Reserve System v. Dimension Financial Corp.

We granted certiorari to decide whether the Federal Reserve Board acted within its statutory authority in defining “banks” under §2(c) of the Bank Holding Company Act of 1956, 12 U. S. C. §1841 et seq., as any institution that (1) accepts deposits that “as a matter of practice” are payable on demand and (2) engages in the business of making “any loan other than a loan to an individual for personal, family, household, or charitable purposes” including “the purchase of retail installment loans or commercial paper, certificates of deposit, bankers’ acceptances, and similar money market…