United States DC Circuit
WELLS FARGO BANK, N.A. v. FDIC, 03-5198, 03-5199, 03-5214
One-time assessment on certain financial institutions, imposed to boost the amount of money in the fund that insures savings-and-loan deposits, was properly calculated; the Deposit Insurance Funds Act does not unambiguously preclude financial institutions from membership in both the Bank Insurance Fund and the Savings Association Insurance Fund.
Appellate Information
- Argued 03/29/2004
- Decided 05/18/2004
- Published 05/18/2004
Judges
- Before: SENTELLE, ROGERS, and TATEL, Circuit Judges.
Court
- United States DC Circuit
Counsel
- For Appellant:
- Carol R. Van Cleef argued the cause and filed the briefs for appellants. Gloria B. Solomon entered an appearance.
- For Appellees:
- Lawrence H. Richmond, Counsel, Federal Deposit Insurance Corporation, argued the cause for appellee. With him on the brief were Ann S. DuRoss, Assistant General Counsel, and Colleen J. Boles, Senior Counsel.