Blackstone Valley Nat'l Bank v. Bd. of Governors of the Fed. Reserve Sys., 537 F.2d 1146 (1st Cir. 1976). · Go Syfert
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Blackstone Valley Nat'l Bank v. Bd. of Governors of the Fed. Reserve Sys., 537 F.2d 1146 (1st Cir. 1976). Cases Citing This Book View Copy Cite
21 citation events (1 in the last 25 years) across 10 distinct courts.
Strongest positive: NRC v. Texas (scotus, 2025-06-18)
Treatment trajectory · 1977 → 2026 · click a year to view as-of
1977 2001 2026
Statutes interpreted (leading-cases list)
#11 12 U.S.C. § 1848 cited 3× in this case · 186 total citations of statute
Top citers, strongest first. 13 distinct citers. How cited ↗
discussed Cited as authority (rule) NRC v. Texas
SCOTUS · 2025 · confidence medium
Bank v. Board of Governors of FRS, 537 F. 2d 1146, 1147 (CA1 1976); Wales Transp., Inc. v. ICC, 728 F. 2d 774, 776, n. 1 (CA5 1984); Packard Elevator v. ICC, 808 F. 2d 654, 655 (CA8 1986); Sierra Club v. NRC, 825 F. 2d 1356 , 1360 (CA9 1987).
cited Cited as authority (rule) Joseph L. Jones v. Board of Governors of the Federal Reserve System
D.C. Cir. · 1996 · confidence medium
Reserve Sys., 537 F.2d 1146, 1147 (1st Cir.1976); Bank of Commerce v. Board of Governors of the Fed.
discussed Cited as authority (rule) Kurt Hafner Gate City Federal Mutual Owners v. Office of Thrift Supervision Bb & T Financial Corporation Gate City Federal Savings and Loan Association
4th Cir. · 1992 · confidence medium
Ass'n v. Federal Home Loan Bank Bd., 755 F.2d 122, 125 (8th Cir. 1985); Hartigan v. Federal Home Loan Bank Bd., 746 F.2d 1300 , 1307 (7th Cir. 1984); Blackstone Valley Nat'l Bank v. Board of Governors, 537 F.2d 1146, 1147-48 (1st Cir. 1976). 8 The applicable statute requires that appellate review be sought within thirty days of service of the decision. 12 U.S.C.A § 1467a(j) (West 1989 & Supp. 1992).
cited Cited as authority (rule) American Civil Liberties Union v. Federal Communications Commission
1st Cir. · 1985 · confidence medium
See, e.g., Simmons v. I.C.C., 716 F.2d 40 , 42-43 (D.C.Cir.1983); Blackstone Valley National Bank v. Board of Governors of the Federal Reserve System, 537 F.2d 1146, 1147 (1st Cir.1976).
discussed Cited as authority (rule) American Civil Liberties Union v. Federal Communications Commission
1st Cir. · 1985 · confidence medium
See, e.g., Simmons v. I.C.C., 716 F.2d 40 , 42-43 (D.C.Cir.1983); Blackstone Valley National Bank v. Board of Governors of the Federal Reserve System, 537 F.2d 1146, 1147 (1st Cir.1976). 5 Neither NHCLU nor CLUM filed comments or otherwise directly participated in the agency proceedings.
discussed Cited as authority (rule) Simmons v. Interstate Commerce Commission
D.C. Cir. · 1983 · confidence medium
This approach has been embraced by the Fifth Circuit in interpreting § 2344, see American Trucking Associations v. ICC, 673 F.2d 82, 84 (1982), cert. denied, - U.S. -, 103 S.Ct. 1272 , 75 L.Ed.2d 493 (1983), as well as by other circuits in interpreting the identical language in the Bank Holding Company Act of 1956, 12 U.S.C. § 1848 (1976), see Blackstone Valley National Bank v. Board of Governors of the Federal Reserve System, 537 F.2d 1146, 1147 (1st Cir.1976); First National Bank of St.
cited Cited as authority (rule) Simmons v. Interstate Commerce Commission
D.C. Cir. · 1983 · confidence medium
Sec. 1848 (1976), see Blackstone Valley National Bank v. Board of Governors of the Federal Reserve System, 537 F.2d 1146, 1147 (1st Cir.1976); First National Bank of St.
discussed Cited as authority (rule) Republic of Texas Corporation v. Board of Governors of the Federal Reserve System
5th Cir. · 1981 · confidence medium
See Memphis Trust Co. v. Board of Governors of the Federal Reserve System, 584 F.2d 921, 926 (6th Cir. 1978) (declining to reach bank holding company’s argument that its § 4(c)(8) application had been granted by operation of § 4(c)’s 91-day rule, because bank holding company had challenged Board’s denial of application too late and in the wrong court); Grandview Bank & Trust Co. v. Board of Governors of the Federal Reserve System, 550 F.2d 415, 422 (8th Cir.), cert. denied, 434 U.S. 821 , 98 S.Ct. 64 , 54 L.Ed.2d 78 (1977) (affirming Board’s grant of bank holding company’s § 3 app…
cited Cited "see" Sierra Club v. United States Nuclear Regulatory Commission
9th Cir. · 1987 · signal: see · confidence high
See Blackstone National Bank v. Board of Governors of the Federal Reserve System, 537 F.2d 1146, 1147 (1st Cir.1976) (Bank Holding Company Act of 1956, 12 U.S.C. § 1848 ); First National Bank of St.
cited Cited "see" Sierra Club v. United States Nuclear Regulatory Commission
9th Cir. · 1987 · signal: see · confidence high
See Blackstone National Bank v. Board of Governors of the Federal Reserve System, 537 F.2d 1146, 1147 (1st Cir.1976) (Bank Holding Company Act of 1956, 12 U.S.C.
discussed Cited "see, e.g." Clark & Reid Co. v. United States
1st Cir. · 1986 · signal: see also · confidence medium
See Simmons v. ICC, 716 F.2d 40 , 42 (D.C.Cir.1983); American Trucking Ass’ns v. ICC, 673 F.2d 82, 84 (5th Cir. 1982), cert. denied, 460 U.S. 1022 , 103 S.Ct. 1272 , 75 L.Ed.2d 493 (1983); see also Blackstone Valley Nat’l Bank v. Board of Governors, 537 F.2d 1146,1147-48 (1st Cir. 1976) (interpreting identical language in the statute governing appeals of Federal Reserve Board decisions, 12 U.S.C. § 1848 (1982)); First Nat’l Bank of St.
discussed Cited "see, e.g." Clark & Reid Company, Inc. v. United States
1st Cir. · 1986 · signal: see also · confidence medium
See Simmons v. ICC, 716 F.2d 40 , 42 (D.C.Cir.1983); American Trucking Ass'ns v. ICC, 673 F.2d 82, 84 (5th Cir.1982), cert. denied, 460 U.S. 1022 , 103 S.Ct. 1272 , 75 L.Ed.2d 493 (1983); see also Blackstone Valley Nat'l Bank v. Board of Governors, 537 F.2d 1146, 1147-48 (1st Cir.1976) (interpreting identical language in the statute governing appeals of Federal Reserve Board decisions, 12 U.S.C.
cited Cited "see, e.g." Citicorp v. Board of Governors of the Federal Reserve System
2d Cir. · 1979 · signal: see also · confidence low
See also Blackstone Valley Nat’l Bank v. Board of Governors of Federal Reserve System, 537 F.2d 1146 (1st Cir. 1976). 6 .
Retrieving the full opinion text from the archive…
BLACKSTONE VALLEY NATIONAL BANK, Petitioner,
v.
BOARD OF GOVERNORS OF the FEDERAL RESERVE SYSTEM, Respondent
76-1157.
Court of Appeals for the First Circuit.
Jun 25, 1976.
537 F.2d 1146
1976 U.S. App. LEXIS 8320
James C. Heigham, Boston, Mass., with whom Allen M. Bornheimer and Choate, Hall & Stewart, Boston, Mass., were on brief, for petitioner., Morton Hollander, Atty., Appellate Section, Civil Div., Dept, of Justice, Washington, D. C., with whom Rex E. Lee, Asst. Atty. Gen., and Michael Kimmel, Atty., Appellate Section, Civil Div., Dept, of Justice, Washington, D. C., were on brief, for respondent.
Coffin, McEntee, Campbell.
Cited by 17 opinions  |  Published
CAMPBELL, Circuit Judge.

The Blackstone Valley National Bank brings this petition for review, under 12 U.S.C. § 1848, of a Federal Reserve Board decision to deny a bank holding company’s application to acquire Blackstone under 12 U.S.C. § 1842. Although it did not participate in the proceedings before the Board, Blackstone now urges that the application should be “deemed to have been granted” under 12 U.S.C. § 1842(b), since the Board allegedly failed to act within 91 days after the record was complete.

The holding company, First National Boston Corporation (FNBC) filed an application to acquire Blackstone on September 15, 1975; the Board gave public notice of the application on October 1, 1975; and the Massachusetts Board of Bank Incorporation approved the transaction on November 4, 1975. At this point the Board considered the application complete, and on January 14,1976, voted to deny the application. Before issuing an order to this effect, however, the Board discovered that the New York Times was about to publish an article portraying FNBC as a “problem” bank; and to avoid appearing to confirm the report by its action, the Board voted to reconsider. FNBC thereafter supplemented the record with its year-end financial reports, and the Comptroller of the Currency reported favorably on the application, but on March 1, 1976, the Board again voted to deny the application. Its final order was issued on March 18, 1976. FNBC sought neither reconsideration of the Board’s order nor review in this court.

12 U.S.C. § 1848 permits any “party aggrieved” by an order under § 1842 to obtain review in a specified court of appeals. As a general rule, to qualify as a “party aggrieved” a petitioner must have participated in the administrative proceedings. First Nat'l Bank of St. Charles v. Board of Governors, 509 F.2d 1004, 1008 (8th Cir. 1975); see Gage v. Aec, 156 U.S.App.D.C. 231, 479 F.2d 1214, 1218-19 & n. 14 (1973); Easton Utilities Comm’n v. AEC, 137 U.S.App.D.C. 359, 424 F.2d 847, 851-53 (1970); Red River Broadcasting Co. v. FCC, 69 App.D.C. 1, 98 F.2d 282, 287, cert. denied, 305 U.S. 625, 59 S.Ct. 86, 83 L.Ed. 400 (1938); 5 U.S.C. § 551(3); cf. Whitney Nat'l Bank v. New Orleans Bank, 379 U.S. 411, 419-22, 85 S.Ct. 551, 13 L.Ed.2d 386 (1965).

[*1148] We see no reason to depart from the general rule here. The delay of which Blackstone now complains was motivated in part by the Board’s solicitude for the applicant, FNBC, which was the only party before it; and there is evidence in the record that would suggest that FNBC acquiesced in the delay. On these facts the Board’s extended deliberation seems understandable. Absent intervention by Blackstone, the Board had no reason to concern itself with Blackstone’s interests as distinct from FNBC’s. * But we need not decide here whether FNBC in fact waived its rights under the 91-day rule, or whether it alone could have waived the rule had Blackstone intervened, or even whether the Board’s order came too late. For FNBC has not sought review; and we can only speculate on when the Board would have acted, and what procedures it would have followed, had it confronted Blackstone as a party potentially prejudiced by delay. We merely hold that in order to invoke the 91-day rule in this court as a “party aggrieved” by denial of an application under § 1842, a bank in Blackstone’s position must first have participated in the application proceedings before the Board.

Petition denied.

*

Judicial review of Board decisions under the Bank Holding Company Act, 12 U.S.C. § 1848, presupposes an administrative record sufficient to fairly raise questions of law. Gravois Bank v. Board of Governors, 478 F.2d 546, 549 (8th Cir. 1973). And orderly procedure requires objections to the proceedings of administrative agencies be raised for determination by those bodies before judicial review may be had. United States v. L. A. Tucker Truck Lines, 344 U.S. 33, 37, 73 S.Ct. 67, 97 L.Ed. 54 (1952); see 3 K. Davis, Administrative Law Treatise § 20.-06 (1957). Ordinarily, the 91-day requirement under § 1842(b) might be considered one of those rare instances where presentation of the claim to the agency is not required. In the present situation, however, where the interests of the applicant and the potential acquiree are alleged to differ, and where the applicant may have waived its rights under the rule, an inquiry by the Board into the positions and rights of the two companies would be mandated.