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


### Answer
The term **savings association** is defined in *12 U.S.C. § 1462* as follows -

> a savings association, as defined in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813], the deposits of which are insured by the Corporation

#### Citation:
  - *12 U.S.C. § 1462*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS**

