v2633-7

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In the United States Court of Appeals

for the Ninth Circuit

No, 12511

Home Loan Bank Board, William K. Divers, 0. K. LaKoque,

1. Alston Adams, Federal Savings and Loan Insurance

Corporation, Federal Home Loan Bank of San Fran-

cisco, John H. Fahey, A. V. Ammann and George K.

Bramley, appellants, ^

Paul Mallonee, et al.', appellees

Federal Home Loan Bank op San Francisco, et al.,

appellants.

Federal Home Loan Bank of Los Angeles, et al., appellees

ON APPEAL FROM THE DISTRICT COURT OF THE UNITED

STATES FOR THE SOUTHERN DISTRICT OF CALIFORNIA,

CENTRAL DIVISION

BRIEF FOR APPELLANTS AND APPENDIX

Newell A. Clapp,

-mm fleeting Assistant Attorney General.

f ^ Ernest A. Tolin,

United States Attorney.

Edward H. Hickey,

Donald B. MacGuineas,

Joseph; Kovner,

Attorneys, Department of Justice.

Verne Dusenbery,

Philip H. Angell. ^ . ^

Melvin H. Sieoel, ' '^

Of Counsel: Attorneys for Appellants.

Kenneth G. Heisler,

William F. McKenna,

MosE Silverman,

Home Loan Bank Board.

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