Federal Deposit Insurance v. Godshall’s Empirical Analysis
558 F.2d 220 · 1977
Citation profile
15 federal appellate · 7 district · 1 state decisions
How this case has been cited
Cited by 61 later decisions — most recently April 2001 · most notably Gunter v. Hutcheson (1982), Federal Deposit Insurance Corporation v. Citizens Bank & Trust Company of Park Ridge Illinois (1979)
15 federal appellate · 7 district · 1 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.
Relationships
Relies on Freeling v. Sebring · Doherty v. United States · Lee v. Plummer · 408 F. Supp. 591 - Federal Deposit Ins. Corp. v. Ashley
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 61 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“[A]ny such suit to which the Corporation is a party in its capacity as receiver of a State bank and which involves only the rights or obligations of depositors, creditors, stockholders, and such State bank under State law shall not be deemed to arise under the laws of the United States.”
4 later decisions quote this exact passage · from the majority“To meet the demands of Bank’s depositors, and to prevent the disruption of vital business, FDIC immediately took the following steps: FDIC, as receiver, sold certain assets of Bank to Southern Bank & Trust Co. (Southern). These assets consisted of cash, currency, receivables due from other banks, government securities, and other items of established value. In return, Southern agreed to assume nearly all of Bank’s liabilities (including obligations to depositors), and to reopen Bank’s offices under Southern’s name. FDIC, as receiver, agreed to pay Southern cash in an amount equal to the difference between the value of the assets Southern purchased and the amount of the liabilities Southern assumed. To raise that cash, FDIC, as receiver, sold the remainder of Bank’s assets to itself, in its general corporate capacity, and FDIC, in its general corporate capacity, paid itself, as receiver, the cash needed to consummate the original transaction with Southern. FDIC also agreed that if, in the liquidation of the assets it purchased, it realized more than the purchase price, the costs of liquidation, reimbursement for another potential liability it had assumed, and a reasonable return, it would pay such ‘excess recoveries’ to itself, as receiver. (Footnote omitted.) Id. at 221-222 .”
1 later decision quote this exact passage · from the majority“Receivers or liquidators of insured banks closed on account of inability to meet the demands of their depositors shall be entitled to offer the assets of such banks for sale to the corporation . . . upon receiving permission from the appropriate state authority .... The corporation, in its discretion, may make loans on the security of or may purchase and liquidate or sell any part of the assets of an insured bank which is now or may hereafter be closed on account of inability to meet the demands of its depositors ....”
1 later decision 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.