Junco v. Conover

682 F.2d 1338 Tirso del JUNCO, Walter L. Rasic, Andres Alonzo, Jr., C. V. Holder, Martin Castillo, Grace C. Quinn, Antonio E. Valle, Gilbert R. Vasques, Hal W. Brown, Jr., Petitioners-Appellants, v. C. T. CONOVER, * Comptroller of the Currency, Office of the Comptroller of the Currency, Department of the Treasury, Respondents-Appellees. No. 81-7466. United States Court of Appeals, Ninth Circuit. Argued and Submitted May 5, 1982. Decided July 30, 1982. Patrick McAdam, Iverson, Yoakum, Papiano & Hatch, Los Angeles, Cal., for petitioners-appellants. Howard Neil Cayne, Arlington, Va., for respondents-appellees. Petition for Review of an Order of the Comptroller of the Currency. Before FLETCHER, PREGERSON and REINHARDT, Circuit Judges. FLETCHER, Circuit Judge: 1 In December 1979, a periodic examination by the Comptroller of the Currency ("Comptroller") of the Los Angeles National Bank ("Bank") disclosed a possible violation of the provisions of 12 U.S.C. § 84 . Section 84 limits the amount that a bank can lend to a single borrower to 10% of the bank's capital stock. 1 At issue was whether three of the Bank's loans were really to the same entity and whether, when added…