California Bankers Assn. v. Shultz
California Bankers Assn. v. Shultz, 416 U.S. 21 (1974), was a US 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 US Constitution.
| California Bankers Assn. v. Shultz | |
|---|---|
Supreme Court of the United States | |
| Argued January 16, 1974 Decided April 1, 1974 | |
| Full case name | California Bankers Assn. v. Shultz |
| Citations | 416 U.S. 21 (more) 94 S. Ct. 1494; 39 L. Ed. 2d 812 |
| Case history | |
| Prior | Stark 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 | |
| |
| Case opinions | |
| Majority | Rehnquist, joined by Burger, Stewart, White, Blackmun, Powell |
| Concurrence | Powell, joined by Blackmun |
| Dissent | Douglas, joined by Brennan (parts I and II-A only) |
| Dissent | Brennan |
| Dissent | Marshall |
| Laws applied | |
| Bank Secrecy Act | |
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