Legal Opinion
Eccles v. Peoples Bank of Lakewood Village
Supreme Court of the United States
Decided March 15, 1948No. 101PublishedCited by 427 opinions
1Opinion of the CourtJustice Frankfurter
This is a proceeding under the Declaratory Judgment Act, 48 Stat. 955, 28 U. S. C. § 400. Its aim is to have declared invalid a condition under which the respondent became a member of the Federal Reserve System. The California State Banking Commission authorized the establishment of the respondent provided it obtained federal deposit insurance. This requirement could be met either by direct application to the Federal Deposit Insurance Corporation or through membership in the Federal Reserve System. § 12 B (e) and (f) of the Federal Reserve Act, 48 Stat. 162, 170, 49 Stat. 684, 687, 12 U. S.…
2Cases cited11 opinions
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- Fahey v. MalloneeSupreme Court of the United States · 1947
- Great Atlantic & Pacific Tea Co. v. GrosjeanSupreme Court of the United States · 1937
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3Cited by427 opinions
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- Public Affairs Associates, Inc. v. RickoverSupreme Court of the United States · 1962
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