Legal Opinion
Wetzler v. Federal Deposit Insurance
Court of Appeals for the Second Circuit
Decided October 13, 1994No. 1273, Docket 93-9068PublishedCited by 1 opinion
1Opinion of the Court
CARDAMONE, Circuit Judge:
The question we are called upon to resolve is whether Seamen’s Bank (Seamen’s), a federal savings bank chartered under the Home Owners’ Loan Act of 1933, must pay New York State’s bank franchise tax during a time when it was receiving financial assistance from the Federal Deposit Insurance Corporation (FDIC). Seamen’s Bank, with its principal office at 30 Wall Street, New York City, was originally founded, as its name suggests, to serve people and businesses engaged in the seafaring trade. It is one of the oldest banks in the United States, having been chartered in…
2Cases cited13 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Landgraf v. USI Film ProductsSupreme Court of the United States · 1994
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
- Geneva Butts v. The City of New York Department of Housing Preservation and DevelopmentCourt of Appeals for the Second Circuit · 1993
- Leonard Greene and Joyce Greene v. United StatesCourt of Appeals for the Second Circuit · 1994
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3Cited by1 opinion
- James W. Wetzler, as Commissioner of Taxation and Finance of the State of New York, and the New York State Department of Taxation and Finance v. Federal Deposit Insurance Corporation, as Receiver of the Seamen's Bank for Savings, F.S.B., Federal Deposit Insurance Corporation, Counter-Claimant v. James W. Wetzler and New York State Department of Taxation and Finance, Counter-DefendantsCourt of Appeals for the Second Circuit · 1994