### Question
What is the definition of diversified savings and loan holding company?


### Answer
The definition of **diversified savings and loan holding company** is as follows in *12 U.S.C. § 1467a*:

> any savings and loan holding company whose subsidiary savings association and related activities as permitted under paragraph (2) of subsection (c) of this section represented, on either an actual or a pro forma basis, less than 50 percent of its consolidated net worth at the close of its preceding fiscal year and of its consolidated net earnings for such fiscal year, as determined in accordance with regulations issued by the Director

#### Citation:
  - *12 U.S.C. § 1467a*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

