...the Hubbard Bank against loss by reason of its assuming the Malone Bank's deposit liabilities would reduce the risk or avert a threatened loss to the Corporation, and that such a transaction would otherwise be in the public interest. Accordingly, the transaction between...

...subordinations of the rights of depositors and other creditors. Subsection (e) of section 13 provides : Whenever in the Judgment of the Board of Directors such action will reduce the risk or avert threatened loss to the Corporation and will facilitate a merger or consolidation of an insured bank...

...the rights of depositors and other creditors. Subsection (e) of section 13 provides : Whenever in tho judgment of the Board of Directors such action will reduce the risk or avert threatened loss to the Corporation and will facilitate a merg« or consolidation of an Insured bank...

...such loan or purchase shall be made without the approval of a court of competent jurisdiction. (e) Whenever in the judgment of the Board of Directors...Corporation and will facilitate a merger or consolidation of an insured bank with another insured bank, or will facilitate the sale of the assets of an open...

...rights of members and creditors of the credit union. "(2) Whenever in the judgment of the Administrator such action will reduce the risk or avert a threatened loss to the fund and will facilitate a merger or consolidation of an insured credit union with another insured...

...of members and creditors of the credit union. & "(2) Whenever in the judgment of the Administrator 9 such action will reduce the risk or avert a threatened loss to 10 the fund and will facilitate a merger or consolidation of an 11 insured credit union with another...

...members and creditors of the credit union. 8 " (2) Whenever in the judgment of the Administrator 9 such action will reduce the risk or avert a threatened loss to 10 the fund and will facilitate a merger or consolidation of an 11 insured credit union with another...

...members and creditors of the credit union. B " (2) Whenever in the judgment of the Administrator 9 such action will reduce the risk or avert a threatened loss to 10 the fund and will facilitate a merger or consolidation of an 11 insured credit union with another...

...untried and new." 16 Cf. authority of the FDIC under 12 USC 1823 (e) which reads in pertinent part, "Whenever in the judgment of the Board of Directors...Corporation and will facilitate a merger or consolidation of an insured bank with another insured bank, or will facilitate the sale of the assets of an open...

...Insurance Act — requires the Corporation's Board of Directors to determine that this particular course of action will "reduce the risk or avert a threatened loss to the Corporation" which FDIC would otherwise experience. Mindful of this statutory requirement, the Board, with the assistance...