savings bank

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Savings bank

An institution that primarily accepts consumer savings deposits and to make home mortgage loans.

Federal Savings and Loan Association

A federally chartered bank that specializes in taking deposits for checking and savings accounts, as well as making home mortgages. Savings and loan associations tend to be smaller than other banks and are more focused on the local communities in which they operate. It is sometimes (but not always) easier to obtain a loan from a savings and loan association because it may have better knowledge of the local market. They derive most of their funds from customer savings accounts, but they also generally have easy access to loans from the Federal Home Mortgage Banks. They are also known as thrifts. They are regulated by the Office of Thrift Supervision.

savings bank

See mutual savings bank.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

savings bank

a BANK which offers clients a variety of savings accounts to attract deposits, mainly from the general public, and which specializes in investments in financial securities such as STOCKS and SHARES and government BONDS. In recent times, however, some savings banks, such as the Trustee Savings Bank, have become JOINT-STOCK COMPANIES and operate more like the COMMERCIAL BANKS, offering their clients money transmission services (cheque books and credit cards), bank loans and mortgages, and other financial services.

savings bank

a financial institution that accepts deposits from savers and that specializes in investments in stocks and shares and government securities. Some of the larger savings banks now offer depositors COMMERCIAL BANK facilities (for example, the use of a cheque book). See also FINANCIAL SYSTEM.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

savings bank

Originally organized under individual state supervision as a vehicle for cash workers to deposit their earnings. The industry remained small until the mid-1980s, when savings banks became a federally chartered alternative to the savings and loan associations,whose insurance fund was bankrupt.Savings banks could be protected under the Bank Insurance Fund of the FDIC.

References in periodicals archive ?

The portfolio of savings institutions (SIC code 603) includes 561 federally chartered as well as non-chartered savings banks and savings and loan associations.

Effects of monetary policy on the returns of savings institutions

Thus, in mid-2010, the mean and median concentrations of both MSA and rural banking markets were substantially lower than in 1999 (and in 1993 for MSA markets) even though there were far fewer banks and savings institutions in the United States in 2010 than in either 1993 or 1999.

Banking industry consolidation and market structure: impact of the financial crisis and recession

Early Bird (Register by 07/29/11) Product Code: BANK11 AICPA National Conference on Banks & Savings Institutions

The American Institute of CPA's (AICPA)

Savings institutions decreased their holdings of multifamily mortgage debt by $4 billion, or 6 percent.

MBA: commercial/multifamily mortgage debt outstanding declines by 2.8 percent in 2009

The illustrative financial statements for banks and savings institutions assume that the entity is a registrant of the Securities and Exchange Commission and, accordingly, reflect the application of Articles 3, 3A, 4 and 9 (to the extent that such articles are applicable to these illustrative financial statements) of Regulation S-X of the SEC.

Illustrative financial statements for banks and savings institutions, credit unions and mortgage companies posted to AICPA Web site

Nine banking industry groups, including those for both major banks and smaller savings institutions, issued a joint statement Monday, voicing opposition to the government's plan to let post offices sell investment trusts.

Bankers oppose plan to let post offices sell investment trusts

It was the sponsor repeatedly for ten separate banks and savings institutions, on many failed cooperative conversions in the mid-1990s.

Carving a development niche. (Profile of the Week: Alchemy Properties, Inc.)

The Oregon Bankers Association / Independent Community Banks of Oregon is a trade association of 57 state and national commercial banks, extra-national banks, savings institutions, and trust companies that are chartered to do business in Oregon.

2001 Community Applause Award

A sharp decline in savings institutions' share of the multifamily mortgage market is also a factor.

Secondary Market For Multifamily Financing Continues To Develop

Unisys has been a partner with Brookfield, Wisconsin-based FIserv, which provides financial data processing systems and information management services and products to banks and savings institutions, for 35 years.

UNISYS TAKES OVER SERVICES FOR DATA PROCESSOR FISERVE

Few of us realize that private banks are using money they make on our accounts and our credit cards to buy up other banks, savings institutions, brokerage houses and now insurance companies.

Turning the Tide: Confronting the Money Traders

Savings institutions reckon around pounds 10 billion has been locked up in building society accounts waiting for windfall shares.