The requirements of this part apply to savings associations, as defined in 12 CFR 238.2(l) (including any subsidiary of a savings association), in the same manner and to the same extent as if the savings association were a member bank; provided that a savings association's unimpaired capital and unimpaired surplus will be determined under regulatory capital rules applicable to that savings association.
[Reg. O, 76 FR 56530, Sept. 13, 2011]
authority: 12 U.S.C. 248(a), 375a(10), 375b(9) and (10), 1468, 1817(k), 5412; and Pub. L. 102-242, 105 Stat. 2236 (1991) (
12 U.S.C. 1811 note)
source: Reg. O, 59 FR 8837, Feb. 24, 1994, unless otherwise noted.
cite as: 12 CFR 215.12