### Question
How is the term savings association defined?


### Answer
The term **savings association** is defined in *15 U.S.C. § 77c* as the following:

> a savings association (as defined in section 1813(b) of title 12) the deposits of which are insured by the Federal Deposit Insurance Corporation

#### Citation:
  - *15 U.S.C. § 77c*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER I-DOMESTIC SECURITIES**

