Legal Opinion
Investment Co. Institute v. Federal Deposit Insurance Corp.
Court of Appeals for the D.C. Circuit
Decided April 7, 1987No. Nos. 84-1616, 85-5769PublishedCited by 1 opinion
1Opinion of the Court
Opinion for the court per curiam.
2Per curiam
Petitioners/appellants Investment Company Institute (ICI) and Securities Industry Association (SIA) challenge regulations of the Federal Deposit Insurance Corporation (FDIC) governing the activities of insured banks that are not members of the Federal Reserve System. Petitioners principally argue that insofar as FDIC regulations allow nonmember insured banks to have subsidiary or affiliate relationships with firms engaged in securities work, those regulations violate the command of § 21 of the Banking Act of 1933 (Glass-Steagall Act), 12 U.S.C. § 378 (1982),…
3Cases cited29 opinions
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- Tennessee Valley Authority v. HillSupreme Court of the United States · 1978
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- National Labor Relations Board v. Hearst Publications, Inc.Supreme Court of the United States · 1944
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4Cited by1 opinion
- Investment Company Institute and Securities Industry Association v. Federal Deposit Insurance Corporation, Investment Company Institute v. Federal Deposit Insurance CorporationCourt of Appeals for the D.C. Circuit · 1987