Fred H. Harmsen, and v. C. Arnholt Smith, and Federal Deposit Insurance Corporation as Receiver of United States National Bank, in Intervention and v. C. Arnholt Smith, And

542 F.2d 496 Fred H. HARMSEN et al., Plaintiffs and Appellees, v. C. Arnholt SMITH et al., Defendants and Appellants. FEDERAL DEPOSIT INSURANCE CORPORATION as Receiver of United States National Bank, Plaintiff in Intervention and Appellant, v. C. Arnholt SMITH et al., Defendants and Appellees. Nos. 74-3262, 74-2962. United States Court of Appeals, Ninth Circuit. Aug. 10, 1976. Rehearing and Rehearing En Banc Denied Oct. 13, 1976. Stanley H. Williams (argued), of Agnew, Miller & Carlson, Los Angeles, Cal., for defendants and appellees in No. 74-2962 and for defendants and appellants in No. 74-3262. Charles A. Legge (argued), of Bronson, Bronson & McKinnon, San Francisco, Cal., for appellant in No. 74-2962. Joseph W. Cotchett (argued), of Cotchett, Hutchinson & Dyer, San Mateo, Cal., and Roger A. Parkinson (argued), of Long & Levit, Los Angeles, Cal., for defendants and appellants in No. 74-3262. Before HUFSTEDLER and SNEED, Circuit Judges, and THOMPSON, * District Judge. SNEED, Circuit Judge: 1 This case arises out of the insolvency of the United States National Bank of San Diego (USNB), a national banking association. To understand the posture of the case on appeal…