Legal Opinion
Inland Waterways Corp. v. Young
Supreme Court of the United States
Decided April 12, 1940No. 6PublishedCited by 47 opinions
1Opinion of the Court
*518Mr. Justice Frankfurter
delivered» the opinion of the Court.
The question before us is whether a national bank may pledge assets to secure deposits of funds made by governmental agencies, even though they may not be “public money” within the scope of § 45 of the National Banking Act, 13 Stat. 99; 113, 12 U. S. C. § 90.
The deposits in question were made with the Commercial National Bank by three separate governmental agencies — by the Inland Waterways Corporation'and the *519United States Shipping Board Merchant Fleet Corporation,1 and by the Secretary of War on behalf of the Panama Canal Zone.…
2Cases cited13 opinions
- Keifer & Keifer v. Reconstruction Finance Corp.Supreme Court of the United States · 1939
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- United States v. Midwest Oil Co.Supreme Court of the United States · 1915
- Mercantile Bank v. New YorkSupreme Court of the United States · 1887
- Cook County National Bank v. United StatesSupreme Court of the United States · 1883
8 more not listed; retrieve them via the Exa API.
3Cited by47 opinions
- Lebron v. National Railroad Passenger CorporationSupreme Court of the United States · 1995
- Rainwater v. United StatesSupreme Court of the United States · 1958
- Nixon v. SiricaCourt of Appeals for the D.C. Circuit · 1973
- Cherry Cotton Mills, Inc. v. United StatesSupreme Court of the United States · 1946
- American Surety Co. v. Bethlehem National BankSupreme Court of the United States · 1941
42 more not listed; retrieve them via the Exa API.