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Under government regulations, an acquisition of "25 percent of the voting shares" or "control" of a savings and loan holding company is subject to Federal Reserve approval.
The term 'savings and loan holding company' has the meaning given the term in section 10(a) of the Home Owners Loan Actt (12 U.S.C. 1467a a)).
Dennis, 47 years old, took charge of the savings and loan holding company last summer when John R. Torrell 3d resigned at the board's request.
In January, the syndicate sold the Bowery to H. F. Ahmanson & Company, a major savings and loan holding company based in Los Angeles, for $200 million in cash.
The term "depository institution holding company" means a bank holding company or a savings and loan holding company (as those terms are defined in section 1813 of this title) that is organized in the United States, including any bank or savings and loan holding company that is owned or controlled by a foreign organization, but does not include the foreign organization.
any bank holding company or savings and loan holding company that is subject to the application of appendix C to part 225 of title 12, Code of Federal Regulations (commonly known as the "Small Bank Holding Company and Savings and Loan Holding Company Policy Statement").
Similar(31)
Is your loan held up because lenders can't get paperwork from the Internal Revenue Service or the Social Security Administration?
No frets about loans held up by volcanoes.
These include modifications on loans held by investors, however.
That activity has allowed banks to be more obscure about how they value assets as they recategorise them from "loans held to maturity" to "loans held for sale".
But one of the keys to this business is that savings and loans hold the loans.
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