California Bankers Assn. v. Shultz

California Bankers Assn. v. Shultz
Argued January 16, 1974
Decided April 1, 1974
Full case nameCalifornia Bankers Assn. v. Shultz
Citations416 U.S. 21 (more)
94 S. Ct. 1494; 39 L. Ed. 2d 812
Case history
PriorStark v. Connally, 347 F. Supp. 1242 (N.D. Cal. 1972); probable jurisdiction noted, 414 U.S. 816 (1973).
Holding
The record-keeping and reporting requirements of Bank Secrecy Act do not violate the First, Fourth, and Fifth Amendments of the US Constitution.
Court membership
Chief Justice
Warren E. Burger
Associate Justices
William O. Douglas · William J. Brennan Jr.
Potter Stewart · Byron White
Thurgood Marshall · Harry Blackmun
Lewis F. Powell Jr. · William Rehnquist
Case opinions
MajorityRehnquist, joined by Burger, Stewart, White, Blackmun, Powell
ConcurrencePowell, joined by Blackmun
DissentDouglas, joined by Brennan (parts I and II-A only)
DissentBrennan
DissentMarshall
Laws applied
Bank Secrecy Act

California Bankers Assn. v. Shultz, 416 U.S. 21 (1974), was a U.S. Supreme Court case in which the Court held that the Bank Secrecy Act, passed by Congress in 1970 requiring banks to record all transactions and report certain domestic and foreign transactions of high-dollar amounts to the United States Treasury, did not violate the First, Fourth, and Fifth Amendments of the U.S. Constitution.[1]

  1. ^ California Bankers Assn. v. Shultz, 416 U.S. 21 (1974).