StacksVerified U.S. federal law reference

12 U.S.C. § 1462 — Definitions

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
For purposes of this chapter—
  1. (1)CorporationThe term “Corporation” means the Federal Deposit Insurance Corporation.
  2. (2)Savings associationThe term “savings association” means a savings association, as defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813], the deposits of which are insured by the Corporation.
  3. (3)Federal savings associationThe term “Federal savings association” means a Federal savings association or a Federal savings bank chartered under section 1464 of this title.
  4. (4)National bankThe term “national bank” has the same meaning as in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813].
  5. (5)Federal banking agenciesThe term “Federal banking agencies” means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation.
  6. (6)StateThe term “State” has the same meaning as in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813].
  7. (7)AffiliateThe term “affiliate” means any person that controls, is controlled by, or is under common control with, a savings association, except as provided in section 1467a of this title.
  8. (8)BoardThe term “Board”, other than in the context of the Board of Directors of the Corporation, means the Board of Governors of the Federal Reserve System.
  9. (9)ComptrollerThe term “Comptroller” means the Comptroller of the Currency.
  10. (10)Appropriate Federal banking agencyThe term “appropriate Federal banking agency” has the same meaning as in section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. 1813(q)).
  11. (11)Functionally regulated subsidiaryThe term “functionally regulated subsidiary” has the same meaning as in section 5(c)(5) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)(5)).