Summary: S.2355 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for S.2355. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/13/1992)

Savings Association Interstate Branching Act of 1992 - Amends the Home Owners' Loan Act to preclude a Federal savings association from establishing or operating a new branch outside its home State unless it has the written approval of the Director of the Office of Thrift Supervision.

Restricts the Director's authority to approve interstate branching by a Federal savings association to situations where: (1) the law of the host State allows interstate branching for its State-chartered thrifts; (2) the interstate branch is operated pursuant to the laws of the host State; and (3) the Federal savings association is adequately capitalized under Federal law.