West Helena Savings & Loan Ass'n v. Federal Home Loan Bank Board

HENLEY, Circuit Judge.

These are appeals by the Federal Home Loan Bank Board (Board) and the Federal Savings and Loan Insurance Corporation (Corporation) from a joint judgment of the United States District Court for the Eastern District of Arkansas1 which ordered appellants to grant deposit insurance to the plaintiffs, West Helena Savings & Loan Association (West Helena) and Woodruff County Savings & Loan Association (Wood-ruff) as authorized by 12 U.S.C. § 1726(a).

Prior to applying for insurance the respective plaintiffs had received charters from the Arkansas Savings and Loan Association…