[329 U.S. 441, 442] Mr.J. Leonard Townsend, of Washington, D.C., for petitioners.
Mr. Hugh H. Obear, of Washington, D.C., for respondents.
Mr. Justice DOUGLAS delivered the opinion of the Court.
This case, here on certiorari to the Court of Appeals of the District of Columbia, presents important problems under 30 and 32 of the Banking Act of 1933, 48 Stat. 162, 193, as amended, 49 Stat. 704, 709, 12 U.S.C. 77, 78, 12 U.S.C.A. 77, 78.
Section 30 of the Act provides that the Comptroller of the Currency, whenever he is of the opinion that a director or officer of a national bank has violated any law relating to the bank, shall warn him to discontinue the violation and, if the violation continues, may certify the facts to the Board of Governors of the Federal Reserve System. The Board is granted power to order that the director or officer be removed from office if it finds after notice and a reasonable opportunity to be heard that he has continued to violate the law.