savings bank
Defined in 1 place of the United States Code.
Savings Bank.—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.
Source
- 1994–200812 U.S.C. § 1813Banks and Banking · Definitions · as used in this chapter
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.
Source
- 2008–present12 U.S.C. § 1813Banks and Banking · Definitions · as used in this chapter