Definition of Savings Associations and Related Term .—

The term “savings association” or “insured institution” means—

(1)

(1)#

any Federal savings association or Federal savings bank;

(2)#

any building and loan association, savings and loan association, homestead association, or cooperative bank if such association or cooperative bank is a member of the Deposit Insurance Fund; and

(3)#

any savings bank or cooperative bank which is deemed by the appropriate Federal banking agency to be a savings association under section 1467a( l ) of this title.

loading…

Definition of Savings Associations and Related Term .—

Official source

The term “savings association” or “insured institution” means—

(1)

(1)#

any Federal savings association or Federal savings bank;

(2)#

any building and loan association, savings and loan association, homestead association, or cooperative bank if such association or cooperative bank is a member of the Deposit Insurance Fund; and

(3)#

any savings bank or cooperative bank which is deemed by the appropriate Federal banking agency to be a savings association under section 1467a( l ) of this title.