Examples of State savings in a sentence
The FDIC is the prudential regulator for any swap entity that is (i) a State-chartered bank that is not a member of the Federal Reserve System or (ii) a State savings association.
The term ‘‘State depository institution’’ means any State bank, any State savings as- sociation, and any insured branch which is not a Federal branch.
No advisory board fees should exceed the director fees paid by the resulting State savings association.
The OTS’s supervisory functions relating to Federal savings associations were transferred to the OCC, while those relating to State savings associations were transferred to the FDIC.
No State savings associa- tion shall sponsor an employee pension plan which, because of unreasonable costs or any other reason, could lead to material financial loss or damage to the sponsor.
A State savings associa- tion may enter into an employment contract with its officers and other em- ployees only in accordance with the re- quirements of this section.
For customers who con- tinue to violate those limits after being contacted by the depository State savings association the deposi- tory State savings association must ei- ther place funds in another account that the depositor is eligible to main- tain or take away the account’s trans- fer and draft capacities.
If the officer or employee is re- moved and/or permanently prohibited from participating in the conduct of the State savings association’s affairs by an order issued under section 8 (e)(4) or (g)(1) of the Federal Deposit Insur- ance Act (12 U.S.C. 1818 (e)(4) or (g)(1)), all obligations of the State savings as- sociation under the contract shall ter- minate as of the effective date of the order, but vested rights of the con- tracting parties shall not be affected.
If the officer or employee is sus- pended and/or temporarily prohibited from participating in the conduct of the State savings association’s affairs by a notice served under section 8(e)(3) or (g)(1) of Federal Deposit Insurance Act (12 U.S.C. 1818(e)(3) and (g)(1)), the State savings association’s obligations under the contract shall be suspended as of the date of service unless stayed by appropriate proceedings.
A registered community housing provider must contribute to initiatives that promote the benefits of community housing and support the local community in areas where the community housing provider has a significant presence.