Examples of Federal savings bank in a sentence
The term ‘‘Federal savings association’’ means any Federal savings association or Federal savings bank which is chartered under section 1464 of this title.
Whenever the insured status of an insured Federal savings bank shall be terminated by action of the Board of Direc- tors, the Comptroller of the Currency shall ap- point a receiver for the bank, which shall be the Corporation.
Any savings association, other than any Federal savings bank chartered pursuant to section 1464(o) of this title, which becomes an insured depository institution shall be a Sav- ings Association Insurance Fund member.
The authority conferred by this para- graph may be utilized by any Federal savings association that acquires, by merger or con- solidation, a Federal savings bank enjoying grandfather rights hereunder.
A Federal savings bank chartered under this subsection shall have the same authority with respect to investments, operations, and ac- tivities, and shall be subject to the same restric- tions, including those applicable to branching and discrimination, as would apply to it if it were chartered as a Federal savings bank under any other provision of this chapter.