### Question
What does savings bank mean?


### Answer
**Savings bank** has the following meaning in *12 U.S.C. § 1813*:

> a bank (including a mutual savings bank) which transacts its ordinary banking business strictly as a savings bank under State laws imposing special requirements on such banks governing the manner of investing their funds and of conducting their business

#### Citation:
  - *12 U.S.C. § 1813*
  - Heading: **CHAPTER 15-FEDERAL LOAN AGENCY**

