Board of Governors, FRS v. Investment Co. Institute

Board of Governors, FRS v. Investment Company Institute
Supreme Court of the United States
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
Prior history	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
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 opinions
Majority	Stevens, joined by unanimous
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

• List of United States Supreme Court cases, volume 450
• Glass–Steagall Act
• Bloomberg L.P. v. Board of Governors of the Federal Reserve System

Further reading

• 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 & Financial Law 3: 291. ISSN 0739-2451.