274
Opinion of the Court
ing right of action in "any court of competent jurisdiction" for violation of those requirements). As the United States persuasively contends: "Congress left it to the Board to determine the liability standards for losses in the inter-bank payment system because of the greater complexity of that subject, and not because Congress intended to create remedies that would be adjudicated in different fora." Brief for United States as Amicus Curiae 13.
We find implausible the Court of Appeals' interpretation of § 4010, under which interbank disputes would be "handled administratively" before the Federal Reserve Board. See 30 F. 3d, at 65. Our cases have not been quick to infer agency authority to adjudicate private claims. In Coit Independence Joint Venture v. FSLIC, 489 U. S. 561 (1989), for example, we held that the Federal Savings and Loan Insurance Corporation (FSLIC) lacked statutory authority to adjudicate creditors' claims against insolvent savings and loan associations. Id., at 572. We observed in Coit, after examining the relevant statutory provisions, that "when Congress meant to confer adjudicatory authority on FSLIC it did so explicitly and set forth the relevant procedures in considerable detail." Id., at 574.
Similarly, in American Airlines, Inc. v. Wolens, 513 U. S. 219 (1995), we rejected American Airlines' argument that Congress intended the Department of Transportation (DOT) to serve as the exclusive adjudicator of air carrier contract disputes. Id., at 230-232. We noted that the DOT had "neither the authority nor the apparatus required to superintend a contract dispute resolution regime," id., at 232, and accordingly declined to "foist on the DOT work Congress has neither instructed nor funded the Department to do." Id., at 234.
As in Coit and Wolens, we find no secure signal here that Congress intended to assign to the Federal Reserve Board responsibility for the adjudication of private claims. The
Page: Index Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 NextLast modified: October 4, 2007