Legal Opinion
Raichle v. Federal Reserve Bank of New York
Court of Appeals for the Second Circuit
Decided July 15, 1929No. 354PublishedCited by 22 opinions
1Opinion of the CourtAugustus N. Hand, Circuit Judge
(after stating the facts as above). The wrongs charged against the bank are (a) spreading propaganda concerning an alleged money shortage and increasing volume of collateral loans; (b) setting about to restrict the supply of credit available for investment purposes by engaging in open market transactions through the sale of its securities; (c) raising the rediscount rate for its member banks in order to reduce the volume of security loans; (d) coercing member banks to call collateral loans by declining to rediscount eligible commercial paper for such member banks.
Three principal questions…
2Cases cited10 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Webster v. FallSupreme Court of the United States · 1925
- Farmers' & Mechanics' National Bank v. DearingSupreme Court of the United States · 1875
- Juilliard v. GreenmanSupreme Court of the United States · 1884
- American Bank & Trust Co. v. Federal Reserve Bank of AtlantaSupreme Court of the United States · 1921
5 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Henry S. Reuss v. John J. BallesCourt of Appeals for the D.C. Circuit · 1978
- Federal Reserve Bank of St. Louis, a United States Corporation v. Metrocentre Improvement District 1, City of Little Rock, ArkansasCourt of Appeals for the Eighth Circuit · 1981
- Huntington Towers, Ltd. v. Franklin National BankCourt of Appeals for the Second Circuit · 1977
- In Re Franklin National Bank Securities LitigationDistrict Court, E.D. New York · 1979
- Bishop v. Wells Fargo & Co.Court of Appeals for the Second Circuit · 2016
17 more not listed; retrieve them via the Exa API.