### Question
Can you define what savings bank holding company means?


### Answer
**Savings bank holding company** is defined as the following in *12 U.S.C. § 1841*:

> any company which controls one or more qualified savings banks if the aggregate total assets of such savings banks constitute, upon formation of the holding company and at all times thereafter, at least 70 percent of the total assets of such company

#### Citation:
  - *12 U.S.C. § 1841*
  - Heading: **CHAPTER 17-BANK HOLDING COMPANIES**

