### Question
How does SAVINGS ASSOCIATIONS define core capital?


### Answer
Under *12 U.S.C. § 1464*, **core capital** is defined as:

> core capital as defined by the Comptroller of the Currency for national banks, less any unidentifiable intangible assets, plus any purchased mortgage servicing rights excluded from the Comptroller's definition of capital but included in calculating the core capital of savings associations pursuant to paragraph (4)

#### Citation:
  - *12 U.S.C. § 1464*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

