Federal Savings And Loan Association

Definition of "Federal Savings and Loan Association"

Traian Pircalabu
Traian Pircalabu The K Company

Charter issued by The Office of Thrift Supervision, under the U.S. Department of Treasure, to an institution to act as a savings and loan association. A federally chartered savings and loan association, in contrast to one with a state charter, may have the ability to branch across state lines as well as make certain investments a state chartered thrift institution cannot.

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