UNITED STATES

v.

FIRST NATIONAL BANK & TRUST CO. OF LEXINGTON ET AL.

Citator

Cited By

• Gen. Motors Corp. v. Washington, 377 U.S. 436 (U.S. 1964)
  …g, holding that all of the appellant’s transactions were subject [*571] to the tax on the ground that the tax bore a reasonable relation to the appellant’s activities within the State. 60 Wash. 2d 862, 376 P. 2d 843. Probable jurisdiction was noted. 374 U. S. 824. We have concluded that the tax is levied on the incidents of a substantial local business in Washington and is constitutionally valid and, therefore, affirm the judgment. I. We start with the proposition that “[i]t was not the purpose of the comm…
• United States v. First Nat'l Bank & Tr. Co. of Lexington, 376 U.S. 665 (U.S. 1964)
  …s approval of the consolidation did not render it immune from challenge under the Sherman Act,2 held that no violation of that Act had been shown. 208 F. Supp. 457. The case is here on direct appeal. 15 U. S. C. § 29. We noted probable jurisdiction. 374 U. S. 824. We agree with the District Court that commercial banking is one relevant market3 for determining the § 1 issue in the case. In Fayette County commercial banks are the only financial institutions authorized to receive demand deposits and to offer c…