Charter Federal Savings Bank v. United States

Opinion and Order

SYPOLT, Judge.

Before the court are “short form” cross-motions for partial summary judgment1 regarding whether the Federal Home Loan Bank Board (FHLBB) and the Federal Savings and Loan Insurance Corporation (FSLIC)’ entered into and breached express or implied contracts with plaintiff: 1) to treat goodwill acquired as the result of purchasing ailing savings and loan banks (thrifts), as an asset that might be counted toward meeting regulatory minimum capital requirements (supervisory goodwill); and 2) to continue according plaintiff this treatment for certain terms of years…