Inland Waterways Corp. v. Young, 309 U.S. 517 (1940)

Name: Inland Waterways Corp. v. Young, 309 U.S. 517 (1940) - Syllabus
Author: U.S. Supreme Court

Inland Waterways Corp. v. Young

No. 6

Argued October 11, 1939
Decided March 25, 1940
309 U.S. 517

CERTIORARI TO THE COURT OF APPEALS

FOR THE DISTRICT OF COLUMBIA

Syllabus

A national bank may pledge assets to secure deposits of government funds made by governmental agencies even though the deposits may not be "public money" within § 45 of the National Bank Act. P. 523.

The power is to be implied in accordance with traditional government policy and is supported by administrative practice.

69 App.D.C. 268; 100 F.2d 678, reversed.

Certiorari, 306 U.S. 626, to review the affirmance of judgments recovered by the receiver of a national bank against certain public agencies and officials.

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Chicago: U.S. Supreme Court, "Syllabus," Inland Waterways Corp. v. Young, 309 U.S. 517 (1940) in 309 U.S. 517 309 U.S. 518. Original Sources, accessed April 19, 2025, http://originalsources.com/Document.aspx?DocID=SQK22K4TE49CC39.

MLA: U.S. Supreme Court. "Syllabus." Inland Waterways Corp. v. Young, 309 U.S. 517 (1940), in 309 U.S. 517, page 309 U.S. 518. Original Sources. 19 Apr. 2025. http://originalsources.com/Document.aspx?DocID=SQK22K4TE49CC39.

Harvard: U.S. Supreme Court, 'Syllabus' in Inland Waterways Corp. v. Young, 309 U.S. 517 (1940). cited in 1940, 309 U.S. 517, pp.309 U.S. 518. Original Sources, retrieved 19 April 2025, from http://originalsources.com/Document.aspx?DocID=SQK22K4TE49CC39.

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