*1081 William E. Trautman, Chickering & Gregory, San francisco, Cal., Daniel Goldberg, George L. Christopher, Washington, D. C., to own defendants.
This was lead by Main Bank, a professional financial place, that is looking to (1) a great declaratory judgment the offender Government Mortgage Lender out-of Bay area (FHLB) is actually without expert within the Government Home loan Lender Work, 12 U.S.C. § 1421 et seq., to take part in the organization of cash purchase financial, and you will (2) a permanent injunction to FHLB barring they away from engaging in such team. Defendant FHLB enjoys moved to possess dismissal with the factor away from not enough topic legislation and you will failure to express a claim, or, as an alternative, having conclusion view. Plaintiff Main Lender seeks a limited summation judgment on the situation out-of FHLB’s authority to engage in currency buy financial, additionally the problem of whether or not another deal anywhere between FHLB and you will Joined Ca Lender (UCB) placed FHLB on the currency purchase banking business. The newest legal provides legislation not as much as twenty eight U.S.C.