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


### Answer
The term **savings association** is defined in *12 U.S.C. § 1422* as the following:

> given to such term in section 3 of the Federal Deposit Insurance Act [12 U.S.C. 1813].

#### Citation:
  - *12 U.S.C. § 1422*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

