Securities Industry Ass'n v. Board of Governors of the Federal Reserve System’s Empirical Analysis
1984
Citation profile
69 federal appellate · 17 district · 3 state decisions
How this case has been cited
Cited by 209 later decisions (22 by the Supreme Court) — most recently March 2023 · most notably Gregory v. Ashcroft (1991), Clarke v. Securities Industry Assn. (1987)
69 federal appellate · 17 district · 3 state decisions
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
Appellate journey
reviewedSecurities Industry Ass'n v. Board of Governors of Federal Reserve System (from Second Circuit Court of Appeals)
Relationships
Applies 12 U.S.C. § 1843 (§ 4 of the Bank Holding Company Act of 1956) · 12 U.S.C. § 1848 (§ 9 of the Bank Holding Company Act of 1956) · 12 U.S.C. § 221A · 12 U.S.C. § 24 · 12 U.S.C. § 377 · 12 U.S.C. § 78
Relies on Carstea v. Poplar Tree Homeowners Ass'n · United States v. Monton · Investment Company Institute v. Camp · Third National Bank in Nashville v. Impac Limited Inc
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 209 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“provides a reasonable construction of the statutory language and is consistent with legislative intent.”
8 later decisions quote this exact passage · from the majority“: 13 None of the[ ] terms [in section 20] has any relevance to the brokerage business at issue in this case. Schwab does not engage in issuing or floating the sale of securities, and the terms”
4 later decisions quote this exact passage · from the majority“purchasing and selling ... securities and stock without recourse, solely upon the order, and for the account of, customers, and in no case for [their] own account[s].”
4 later decisions quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.