Court of Appeals for the Fourth Circuit July 1, 1980, No. 79-1382 (York v. Federal Home Loan Bank Board)

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United States · · · 01-07-1980

FIELD, Senior Circuit Judge:

On October 17, 1978, the First Federal Savings & Loan Association of Raleigh (hereinafter First Federal) filed an application with the Federal Home Loan Bank Board (hereinafter FHLBB or Bank Board) seeking to convert from a mutual form of ownership to a stock form of ownership while retaining its federal charter.

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