Northeast Bancorp, Inc. v. Board of Governors
E479821
Northeast Bancorp, Inc. v. Board of Governors is a 1985 U.S. Supreme Court case that addressed whether regional interstate banking compacts among states violated the Constitution’s Compact Clause and related federal banking laws.
Statements (36)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. Supreme Court case
ⓘ
United States constitutional law case ⓘ legal case ⓘ |
| areaOfLaw |
interstate compacts
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regulation of interstate banking ⓘ |
| citation | 472 U.S. 159 ⓘ |
| constitutionalProvisionInterpreted |
Article I, Section 10, Clause 3 of the United States Constitution
NERFINISHED
ⓘ
Compact Clause of the United States Constitution NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| court | Supreme Court of the United States ⓘ |
| decisionDate | 1985 ⓘ |
| decisionType | majority opinion ⓘ |
| firstPage | 159 ⓘ |
| fullName | Northeast Bancorp, Inc. v. Board of Governors of the Federal Reserve System NERFINISHED ⓘ |
| holding |
regional interstate banking arrangements at issue did not constitute an unconstitutional interstate compact under the Compact Clause
ⓘ
state regional banking statutes at issue were not preempted by federal banking law ⓘ |
| impact |
clarified when interstate arrangements among states require congressional consent under the Compact Clause
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confirmed that certain regional banking reciprocity statutes are compatible with federal banking regulation ⓘ |
| issue |
whether regional interstate banking compacts among states violated the Compact Clause of the U.S. Constitution
ⓘ
whether regional interstate banking compacts conflicted with federal banking statutes ⓘ |
| jurisdiction | federal question jurisdiction ⓘ |
| legalSubject |
Compact Clause
NERFINISHED
ⓘ
banking law ⓘ constitutional law ⓘ federal preemption ⓘ interstate banking ⓘ |
| petitioner | Northeast Bancorp, Inc. NERFINISHED ⓘ |
| precedentFor |
cases involving state regulation of interstate banking consistent with federal law
ⓘ
cases involving the scope of the Compact Clause ⓘ |
| relatedTo |
regional banking compacts among New England states
ⓘ
state statutes authorizing reciprocal interstate bank acquisitions within a region ⓘ |
| reporter | United States Reports ⓘ |
| respondent | Board of Governors of the Federal Reserve System NERFINISHED ⓘ |
| result | state regional banking statutes were upheld ⓘ |
| timePeriod | 20th century ⓘ |
| volume | 472 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Compact Clause of the United States Constitution
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appliedInCase
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Northeast Bancorp, Inc. v. Board of Governors
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