qualified thrift investments
Defined in 1 place of the United States Code.
the term “qualified thrift investments” includes, in addition to the items specified in paragraph (4)—
(I) the aggregate amount of loans for personal, family, educational, or household purposes made to persons residing or domiciled in the Commonwealth of Puerto Rico; and
(II) the aggregate amount of loans for the acquisition or improvement of churches, schools, or nursing homes, and of loans to small businesses, located within the Commonwealth of Puerto Rico; and
Source
- 1994–present12 U.S.C. § 1467ABanks and Banking · Regulation of holding companies · in this section
the term “qualified thrift investments” includes, in addition to the items specified in paragraph (4)—
(I) the aggregate amount of loans for personal, family, educational, or household purposes made to persons residing or domiciled in the Virgin Islands; and
(II) the aggregate amount of loans for the acquisition or improvement of churches, schools, or nursing homes, and of loans to small businesses, located within the Virgin Islands; and
Source
- 1994–present12 U.S.C. § 1467ABanks and Banking · Regulation of holding companies · in this section
The term “qualified thrift investments” means, with respect to any savings association, the assets of the savings association that are described in clauses (ii) and (iii).
Source
- 1994–present12 U.S.C. § 1467ABanks and Banking · Regulation of holding companies · in this section