Legal Opinion
Baltimore & O. R. Co. v. Smith
Court of Appeals for the Third Circuit
Decided March 10, 1932No. 4675PublishedCited by 18 opinions
1Opinion of the Court
DAVIS, Circuit Judge.
This is an appeal from a decree of the District Court holding that it was against public policy for a national bank to pledge its assets to secure the deposits of a private depositor.
On February 23, 1928, the Baltimore & Ohio Railroad Company, hereinafter called the "railroad,” had on deposit in the First National Bank of Connellsville, Pa., $30, 593.39. On that day an agreement was entered into between the bank and the railroad whereby the bank agreed to deposit, and thereafter did deposit, certain of its bonds aggregating $54,000' in value with the Bank of Pittsburgh,…
2Cases cited6 opinions
- Central Transportation Co. v. Pullman's Palace Car Co.Supreme Court of the United States · 1891
- First National Bank in St. Louis v. MissouriSupreme Court of the United States · 1924
- Corsicana Nat. Bank of Corsicana v. JohnsonSupreme Court of the United States · 1919
- Aldrich v. Chemical National BankSupreme Court of the United States · 1900
- First Nat. Bank of Charlotte v. National Exchange Bank of BaltimoreSupreme Court of the United States · 1876
1 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Investment Company Institute v. CampDistrict Court, District of Columbia · 1967
- Saxon v. Georgia Ass'n of Independent Insurance Agents, Inc.Court of Appeals for the Fifth Circuit · 1968
- James J. Saxon (Succeeded in Office by William B. Camp on February 1, 1967), Comptroller of the Currency of the United States of America v. Georgia Association of Independent Insurance Agents, Inc., the Citizens and Southern National Bank v. Georgia Association of Independent Insurance Agents, Inc.Court of Appeals for the Fifth Circuit · 1968
- Suburban Trust Company v. National Bank of WestfieldDistrict Court, D. New Jersey · 1962
- Sneeden v. City of Marion, Ill.Court of Appeals for the Seventh Circuit · 1933
13 more not listed; retrieve them via the Exa API.