Examples of Federal savings and loan association in a sentence
The term “financial institution” means a State or National bank, a State or Federal savings and loan association, a mutual savings bank, a State or Federal credit union, or any other person that, directly or indirectly, holds a transaction account (as defined in section 19(b) of the Federal Reserve Act) belonging to a consumer.
Any housing loan at least 20 percent of which is guaranteed under this chapter may be made by any national bank or Federal savings and loan association, or by any bank, trust com- pany, building and loan association, or insur- ance company, organized or authorized to do business in the District of Columbia.
Title IV of the Depository Institu- tions Deregulation and Monetary Con- trol Act of 1980 authorizes Federal sav- ings and loan associations to invest in open-ended management investment companies provided the funds’ invest- ment portfolios are limited to the types of investments that a Federal savings and loan association could hold without limit as to percentage of as- sets (12 U.S.C. 1464(c)(1)(Q)).
Every Saturday is a holiday in the District for (1) every bank or banking institution having an office or banking house located within the District, (2) every Federal savings and loan association whose main office is in the District, and (3) every building association, building and loan association, or savings and loan association, incorporated or unincorporated, organized and operating under the laws of and having an office located within the District.
Prior to live fire operations and at the conclusion of live fire, club members will notify the Control Tower (884-4795/6440).
For taxable years begin- ning before October 17, 1962, the term ‘‘domestic building and loan associa- tion’’ means a domestic building and loan association, a domestic savings and loan association, and a Federal savings and loan association substan- tially all the business of which is con- fined to making loans to members.[32 FR 15241, Nov.
A, the owner of an investment share account, consisting of 10 shares, in a Federal savings and loan association, has a single certificate issued before March 28, 1942, evidencing such ownership.
FINANCIAL INSTITUTION.—The term ‘‘financial institution’’ means a State or National bank, a State or Federal savings and loan association, a mutual savings bank, a State or Federal credit union, or any other person that, directly or indirectly, holds a transaction account (as defined in section 19(b) of the Federal Re- serve Act) belonging to a consumer.
This subsection does not apply to a loan which was originated by a Federal savings and loan association or Federal savings bank.
Authorization of New Branches.--(a) Upon a merger, consolidation or conversion of a Federal savings and loan association into a State association the resulting association may with the prior written approval of the department maintain as branches, in addition to its principal place of business, every office which was maintained prior to the merger or consolidation by the parties thereto or prior to the conversion by the Federal savings and loan association and which is located within Pennsylvania.