Olympic Federal Savings & Loan Association v. Donald T. Regan

648 F.2d 1218 81-2 USTC P 9507 OLYMPIC FEDERAL SAVINGS & LOAN ASSOCIATION, a corporation; Heritage Auxiliary Company, Inc., a California Corporation, Plaintiffs-Appellants, v. Donald T. REGAN, Secretary of the Treasury of the United States; William Williams, Acting Commissioner of the Internal Revenue Service; Thomas Cordoza, Regional Commissioner of the Internal Revenue Service, and the Internal Revenue Service, and the United States of America, Defendants-Appellees. No. 79-4065. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 17, 1980. Decided June 22, 1981. Richard M. Schulze, Walnut Creek, Cal., for plaintiffs-appellants. Thomas M. Preston, Jr., Dept. of Justice, Washington, D. C., argued, for defendants-appellees; Gilbert E. Andrews, Washington, D. C., on brief. Appeal from the United States District Court for the Northern District of California. Before BROWNING, Chief Judge, TRASK, Circuit Judge, and JAMESON, * District Judge. TRASK, Circuit Judge: 1 Appellants Olympic Federal Savings and Loan Association and Heritage Auxiliary Company (collectively Olympic) appeal from a summary judgment rendered in favor of the Internal Revenue Service (the…