[DOWNLOAD] "First Federal Savings Bank and Trust v. Ryan" by United States Court Of Appeals For The Sixth Circuit " eBook PDF Kindle ePub Free

📘 Read Now     📥 Download

eBook details

• Title: First Federal Savings Bank and Trust v. Ryan
• Author : United States Court Of Appeals For The Sixth Circuit
• Release Date : January 12, 1991
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 82 KB

Description

First Federal Savings bank feels that it responded to its countrys call (albeit also with the hope of making a profit) by purchasing and merging with an insolvent Florida savings and loan. It did so with, at least in its own mind, certain understandings about the rules regarding the regulations governing the accounting treatment of the new entity. Since no good deed goes unpunished, the Office of Thrift Supervision ("OTS") (successor to the Federal Home Loan Bank Board ("FHLBB")) contends that recent statutory changes affect institutions such as First Federal that made deals with the Federal Savings and Loan Insurance Corporation ("FSLIC") and the FHLBB to take over failing institutions with understandings about the accounting treatment. The position of the OTS causes First Federal to believe that there is an immediate threat of adverse action -- such as the appointment of a conservator or receiver. It has sought temporary relief barring regulators from exercising, at any time in the future, their general statutory powers to appoint a conservator or receiver for a financial institution when that institutions financial condition warrants it. The district court denied the requested relief and First Federal now appeals. This case was briefed on an expedited basis so that it could be decided together with a companion case involving similar issues, Franklin Federal Savings Bank v. Director, Office of Thrift Supervision, 927 F.2d 1332.

PDF Books "First Federal Savings Bank and Trust v. Ryan" Online ePub Kindle