Home Federal Savings & Loan Ass'n of Algona v. Insurance Department

ORDER

HANSON, Chief Judge.

The filing of the above-entitled cause has raised before the Court substantial questions pertaining to federal jurisdiction. Petitioner, in its June 11, 1976 petition for injunctive or declaratory relief, seeks to terminate an ongoing state proceeding instituted by respondents on the basis that respondents have no jurisdiction over a federally chartered institution. On July 1, 1976, the respondent Insurance Department filed an answer, reasserting its jurisdiction as to petitioner. Pursuant to the parties’ request, the Court heard oral arguments on February 9, 1977.

Fact…