Board of Governors, FRS v. Investment Co. Institute

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Board of Governors, FRS v. Investment Company Institute
Seal of the United States Supreme Court
Argued October 15, 1980
Decided February 24, 1981
Full case nameBoard of Governors of Federal Reserve System v. Investment Company Institute
Citations450 U.S. 46 (more)
101 S. Ct. 973; 67 L. Ed. 2d 36
Case history
PriorCertiorari 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
Chief Justice
Warren E. Burger
Associate Justices
William J. Brennan Jr. · Potter Stewart
Byron White · Thurgood Marshall
Harry Blackmun · Lewis F. Powell Jr.
William Rehnquist · John P. Stevens
Case opinion
MajorityStevens, joined unanimously
Stewart, Powell, Rehnquist took no part in the consideration or decision of the case.

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.

See also[edit]

Further 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]