Inner City Press v. Board of Governors of Federal Reserve System
Decision Date | 12 December 1997 |
Docket Number | No. 97-1394,97-1394 |
Parties | INNER CITY PRESS, et al., Petitioners, v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Respondent, Banc One Corporation, Intervenor. |
Court | U.S. Court of Appeals — District of Columbia Circuit |
Appeal from the a Decision of the Board of Governors of the Federal Reserve System.
On Motion to Dismiss.
Matthew R. Lee and Laura Davis, for petitioners.
Katherine H. Wheatley and Douglas B. Jordan were on the motion to dismiss, for respondent.
E. Edward Bruce and Mark A. Weiss were on the motion to dismiss, for intervenor.
Before: WALD, SILBERMAN, and RANDOLPH, Circuit Judges.
We publish this opinion to emphasize that participation in administrative proceedings before the Board of Governors of the Federal Reserve System, like such participation before any agency, see Reytblatt v. United States Nuclear Regulatory Comm'n, 105 F.3d 715, 720 (D.C.Cir.1997), does not, without more, satisfy a petitioner's Article III injury-in-fact requirement. This point has recently been the express holding of the Second Circuit in a case involving the same petitioners appearing here. See Lee v. Board of Governors, 118 F.3d 905, 911 (2d Cir.1997) ( ).
The Bank Holding Company Act limits judicial review to "part[ies] aggrieved" by an act of the Board. See 12 U.S.C. § 1848. Petitioners must, therefore, satisfy statutory prudential standards as well as constitutional requirements. See, e.g., Synovus Financial Corp. v. Board of Governors, 952 F.2d 426, 432 (D.C.Cir.1991) ( ); Irving Bank Corp. v. Governors of the Fed. Reserve Sys., 845 F.2d 1035, 1039 (D.C.Cir.1988) ( ). See also Brotherhood of Locomotive Engineers v. United States, 101 F.3d 718, 723 (D.C.Cir.1996). Cf. Martin-Trigona v. Federal Reserve Bd., 509 F.2d 363, 365-66 (D.C.Cir.1974) ( ).
While petitioners may have satisfied prudential standing by virtue of their participation in the administrative proceedings, see Jones v. Board of Governors, 79 F.3d 1168 (D.C.Cir.1996) (...
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