v2633-959

No. 12,511

IN THE

United States Court of Appeals

For the Ninth Circuit

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

LaRoque, J. Alston Adams, Federal Savings and

Loan Insurance Corporation, Federal Home Loan

Bank op San Francisco, John H. Fahey, A. V.

Ammann and George K. Bramley, Appellants,

y

vs.

Paul Mallonee, et aL, Appellees.

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

Appellants,

vs.

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.

REPLY BRIEF FOR APPELLANTS.

INNETH Gr. HeISLEE,

illiam F. McKenna,

OSE Sn^VERMAN,

Homo Loan Bank Board,

Of Counsel.

Newell a. Clapp,

Acting Assistant Attorney General,

Ernest A. Tolin,

United States Attorney,

Edward H. Hickey,

DoN^ALD B. MacGuineas,

Attorneys, Department of Justice,

ver^^: dusenbery,

Philip H. Angell,

Bishop & Hoffmann,

Melyin H. Siegel,

Attorneys for Appellants,

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