Savings association definition

Savings association means a Fed- eral savings and loan association or a Federal savings bank chartered under section 5 of the Home OwnersLoan Act, a building and loan, savings and loan or homestead association or a co- operative bank (other than a coopera- tive bank described in 12 U.S.C. 1813(a)(2)) the deposits of which are in- sured by the Federal Deposit Insurance Corporation, and any corporation (other than a bank) the deposits of which are insured by the Federal De- posit Insurance Corporation that the Office of the Comptroller of the Cur- rency and the Federal Deposit Insur- ance Corporation jointly determine to be operating in substantially the same manner as a savings association, and shall include any savings bank or any cooperative bank which is deemed by the Office of the Comptroller of the Currency to be a savings association under 12 U.S.C. 1467a(1).
Savings association means a savings and loan association doing business under authority granted by the regulatory authority of another state or a federal savings association. The term also includes a state bank that, in accordance with the bill, elects to operate as a savings and loan association.18
Savings association means any fed- erally-chartered savings association, any state-chartered savings associa- tion, and any corporation (other than a bank) that the Board of Directors of the FDIC and the Director of the Office of Thrift Supervision jointly determine to be operating in substantially the same manner as a savings association.

Examples of Savings association in a sentence

  • The OCC determines that the proposed transaction would result in an adverse effect on the Bank Insur- ance Fund or the Savings Association Insurance Fund.

  • Subpart B is revised to read as follows: Subpart B—Advances to NonmembersSec.935.20 Advances to the Savings Association Insurance Fund.935.21 Scope.935.22 Nonmember mortgagee eligibility requirements.935.23 Nonmember mortgagee application process.935.24 Advances to nonmember mortgagees.Subpart B—Advances to Nonmembers§ 935.20 Advances to the Savings Association Insurance Fund.


More Definitions of Savings association

Savings association means a savings association or savings bank organized under the laws of the United States or a building and loan association, savings and loan association, or similar entity organized under the laws of a state.
Savings association means any savings and loan association or savings bank chartered under the laws of this state or the laws of the United States authorized to engage in the savings and loan business with its main office located in this state;
Savings association means a savings and loan association chartered under Chapter 62, the laws of another state, or federal law.
Savings association means a state or federal savings association.
Savings association means a depository institution that is neither a bank nor a foreign bank.
Savings association means a depository institution,
Savings association means asavings association, as defined in 12U.S.C. § 1813 of this title.§ 246.3 Assessed Companies(a) Assessed companies. An assessed company is any company that: