### Question
What does mutual savings bank mean?


### Answer
**Mutual savings bank** has the following meaning in *12 U.S.C. § 1813*:

> a bank without capital stock transacting a savings bank business, the net earnings of which inure wholly to the benefit of its depositors after payment of obligations for any advances by its organizers

#### Citation:
  - *12 U.S.C. § 1813*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

