Definition: savings bank from 12 USC § 1813(g) | LII (2024)

The term “savings bank” means a bank (including a mutual savings bank) which transacts its ordinary banking business strictly as a savings bank under State laws imposing special requirements on such banks governing the manner of investing their funds and of conducting their business.

Definition: savings bank from 12 USC § 1813(g) | LII (2024)
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