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 | |
|---|---|
 | |
| 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 | |
| |
| 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)
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