National Retailers Corporation Of Arizona v. The Valley National Bank Of Arizona

604 F.2d 32 NATIONAL RETAILERS CORPORATION OF ARIZONA, Plaintiff-Appellee, v. The VALLEY NATIONAL BANK OF ARIZONA, a National Banking Association, and James E. Smith, acting Comptroller of the Currency, Defendants-Appellants. Nos. 76-1855, 76-1850, 76-2030 and 76-2339. United States Court of Appeals, Ninth Circuit. Jan. 29, 1979. Rehearing Denied May 9, 1979. Charles E. James, Jr., Phoenix, Ariz., Michael F. Hertz, Washington, D. C., for defendants-appellants. Susan M. Freeman, Jeremy E. Butler, Phoenix, Ariz., for plaintiff-appellee. Appeal from the United States District Court for the District of Arizona. Before ELY and CARTER, Circuit Judges, and THOMPSON, * District Judge. PER CURIAM: 1 In these consolidated appeals the Comptroller of the Currency and the Valley National Bank appeal from the judgment of the District Court below, reported at 411 F.Supp. 308 (D.Ariz.1976), holding that the offering of electronic data processing services to the public generally by Valley National Bank, in reliance upon an interpretive ruling of the Comptroller, 1 exceeded the national bank's powers under the National Bank Act. 12 U.S.C. § 24 (Seventh). We affirm. 2 2 The District Court…