Board of Governors, FRS v. Investment Co. Institute
(Redirected from Board of Governors, FRS v. Investment Company Institute)
Board of Governors, FRS v. Investment Company Institute, 450 U.S. 46 (1981), was a decision by the United States Supreme Court, which held that the amendment to Regulation Y does not exceed the Board's statutory authority.
Board of Governors, FRS v. Investment Company Institute | |
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Argued October 15, 1980 Decided February 24, 1981 | |
Full case name | Board of Governors of Federal Reserve System v. Investment Company Institute |
Citations | 450 U.S. 46 (more) 101 S. Ct. 973; 67 L. Ed. 2d 36 |
Case history | |
Prior | Certiorari to the United States Court of Appeals for the District of Columbia Circuit |
Holding | |
The amendment to Regulation Y does not exceed the Board's statutory authority. | |
Court membership | |
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Case opinion | |
Majority | Stevens, joined unanimously |
Stewart, Powell, Rehnquist took no part in the consideration or decision of the case. |
See also
editFurther reading
edit- Mendenhall, R. L. (1982). "Commercial Law—Board of Governors of the Federal Reserve System v. Investment Company Institute: The Continuing Conflict Between Commercial and Investment Banking". North Carolina Law Review. 61: 378. ISSN 0029-2524.
- Norton, Joseph J. (1986). "Up against 'The Wall': Glass-Steagall and the Dilemma of a Deregulated (Reregulated) Banking Environment". Business Lawyer. 42: 327. ISSN 0007-6899.
- Wald, R. (1984). "Regulation Q and Glass-Steagall: Limits on Bank Holding Company Alternatives to Money Market Mutual Funds". Annual Review of Banking Law. 3: 291. ISSN 0739-2451.
External links
edit- Text of Board of Governors, FRS v. Investment Co. Institute, 450 U.S. 46 (1981) is available from: Justia Library of Congress Oyez (oral argument audio)