Florida Association of Insurance Agents, Inc. v. Board of Governors of the Federal Reserve System

FAY, Circuit Judge:

This case represents the second of “many episodes in a huge commercial tug-of-war between the bank holding company industry on the one hand and independent insurance agents and other insurance groups on the other.” Alabama Association of Insurance Agents v. Board of Governors of Federal Reserve System, 533 F.2d 224 (5th Cir. 1976), aff’d on rehearing 558 F.2d 729 (1977) (en banc), cert. denied, 435 U.S. 904, 98 S.Ct. 1448, 55 L.Ed.2d 494 (1978). Consolidated for review are decisions by the Federal Reserve Board (Board) to approve proposals by three bank holding companies to…