### Question
What is the definition of savings association?


### Answer
The definition of **savings association** is as follows in *12 U.S.C. § 1462*:

> 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**

