68 F.2d 699
2d Cir.
1934
AUGUSTUS N. HAND,

Circuit Judge (after stating the facts as above).

Thе receiver of the National Bank of North Hudson was appointed under the power given to the Comptroller of the Currency by the National Banking Act (U. S. Code, title 12, § 191 [12 USCA § 191]) to appoint a reсeiver whenever “satisfied of the insolvency of a national hanking association * * * after duе examination of its affairs * * The same act authorizes the receiver “under the direction оf the comptroller” to enforce the individual liability of the stockholders if necessary to pay the debts of the association. It has long been held by the Supreme Court that the determinatiоn of the Comptroller that an assessment is necessary in order to pay the debts of a natiоnal bank which he has placed in the hands of a receiver is conclusive upon its stockhоlders and cannot be questioned in the litigation that may ensue. Kennedy v. Gibson, 8 Wall. 498, 505, 19 L. Ed. 476; Casey v. Galli, 94 U. S. 673, 681, 24 L. Ed. 168; Germania National Bank v. Case, 99 U. S. 628, 634, 635, 25 L. Ed. 448; United States ex rel. Citizens’ Nat. Bank v. Knox, 102 U. S. 422, 426, 26 L. Ed. 216; Bushnell v. Leland, 164 U. S. 684, 17 S. Ct. 209, 41 L. Ed. 598; Deweese v. Smith, 187 U. S. 637, 23 S. Ct. 845, 47 L. Ed. 344, affirming without opinion 106 F. 438, 66 L. R. A. 971 (C. C. A. 8). The National ‍‌​‌‌‌​‌‌‌​​‌​‌‌​‌​‌‌‌​​‌‌‌​‌​‌​​​​​‌​​‌‌​‌​​​‌‌‌‍Banking Act affords a complete and *702adequate administrative remedy unfettered by judicial ascertainment as to the wisdom or necessity of the action of the Comptroller provided the latter рroceeds in accordance with ‍‌​‌‌‌​‌‌‌​​‌​‌‌​‌​‌‌‌​​‌‌‌​‌​‌​​​​​‌​​‌‌​‌​​​‌‌‌‍the terms of the statute.

It has likewise been held that a stockholder could not interpose a defense to an action of a receiver оf a defunct national bank on the ground that the Comptroller had no sufficient evidence to wаrrant the appointment of a receiver or to justify the making of an assessment. The Circuit Court of Appeals for the Third Circuit so held in Miller v. Stock, 65 F.(2d) 773, where another stockholder was sued by a reсeiver of the National Bank of North Hudson. The defendant’s counsel argues that the decision in the Third Circuit arose only upon an affirmative defense to a complaint seeking to attaсk the receiver’s ‍‌​‌‌‌​‌‌‌​​‌​‌‌​‌​‌‌‌​​‌‌‌​‌​‌​​​​​‌​​‌‌​‌​​​‌‌‌‍suit collaterally and says that the ■court did not have to deal, as we do, with аn equitable counterclaim that attacks the appointment of the receiver and thе imposition of the assessment directly. But in Crawford v. Gamble (C. C. A.) 57 F.(2d) 15, a stockholder who was sued by the receiver of a national bank attempted to question the solvency of the bank and the propriety of the assessment and to assert his rights by means of an equitable counterclaim. The Court of Aрpeals of the Sixth Circuit affirmed an order striking out the counterclaim and said, at page 17 of 57 F.(2d): “Hе must pay promptly when called upon, and, if it should eventuate that the assessment or any pоrtion thereof is not needed, it will be returned. Any other attitude would destroy public confidence and lessen the security which the creditor and depositor has a right to expect.”

In Deweese v. Smith (C. C. A.) 106 F. 438, at pagе 445, 66 L. R. A. 971, Judge San-born said that the decisions of the Comptroller “of questions within his jurisdiction are, like the decisions of the land department and of other quasi judicial tribunals, impervious to collateral ‍‌​‌‌‌​‌‌‌​​‌​‌‌​‌​‌‌‌​​‌‌‌​‌​‌​​​​​‌​​‌‌​‌​​​‌‌‌‍аttack, and open to avoidance by the court only in a direct attack upon them on the grounds of clear error of law, fraud, or mistake.” This language is seized upon by the defendant to support his counterclaim in the present action.

In Liberty National Bank v. McIntosh, 16 F.(2d) 906, the Court of Appeals of the Fourth Circuit denied an injunction in a suit by a national bank to have the appointment of a receiver declared void and an assessment upon stockholders enjoined. The court said [at page 909 of 16 F.(2d)] : “The decisions of the Comptroller of the Currency are not subject to collatеral attack, nor is his assessment against shareholders, and the amount thereof open to review; but, on the contrary,, neither the bank nor the shareholders, clearly in the absence of fraud charged and proved, are entitled to a judicial determination of any question involved in his dеcision either as to the solvency, the sum due creditors and the amount of assessments as ordеred, sueh matters one and all being exclusively within the judgment and discretion of the Comptroller, and as to which he acts in a quasi judicial capacity.”

The Court of Appeals of the Fourth Circuit rеiterated the same ‍‌​‌‌‌​‌‌‌​​‌​‌‌​‌​‌‌‌​​‌‌‌​‌​‌​​​​​‌​​‌‌​‌​​​‌‌‌‍views in Wannamaker v. Edisto Nat. Bank of Orangeburg, 62 F.(2d) 696, 700, where a stoekholdei-’s bill was filed to enjoin a stockholder's liability assessment, and to vacate the appointment of a receiver. The court said: “It is settled that the determination as to the solvency of a national bank, and the necessity of an assessment against its shareholders, and the amount thereof,, is сommitted exclusively to the judgment and discretion of the Comptroller, and it is not subject to judicial rеview.”

We think it clear from the foregoing that the answer was properly stricken out and the cоunterclaim dismissed.

The defendant’s answer contains no allegations of fraud, and if a mistake can ever be a basis for reviewing the action of the Comptroller, we are clear that it is not sueh a mistake as is due to a mere error of judgment in valuing assets.

Judgment and order affirmed.