# § 1462. Definitions
For purposes of this chapter—
**(1)** **Corporation** The term “Corporation” means the Federal Deposit Insurance Corporation.
**(2)** **Savings association** 12 U.S.C. 1813
The term “savings association” means a savings association, as defined in section 3 of the Federal Deposit Insurance Act [], the deposits of which are insured by the Corporation.
**(3)** **Federal savings association** section 1464 of this title
The term “Federal savings association” means a Federal savings association or a Federal savings bank chartered under .
**(4)** **National bank** 12 U.S.C. 1813
The term “national bank” has the same meaning as in section 3 of the Federal Deposit Insurance Act [].
**(5)** **Federal banking agencies** The term “Federal banking agencies” means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation.
**(6)** **State** 12 U.S.C. 1813
The term “State” has the same meaning as in section 3 of the Federal Deposit Insurance Act [].
**(7)** **Affiliate** section 1467a of this title
The term “affiliate” means any person that controls, is controlled by, or is under common control with, a savings association, except as provided in .
**(8)** **Board** The term “Board”, other than in the context of the Board of Directors of the Corporation, means the Board of Governors of the Federal Reserve System.
**(9)** **Comptroller** The term “Comptroller” means the Comptroller of the Currency.
**(10)** **Appropriate Federal banking agency** 12 U.S.C. 1813(q)
The term “appropriate Federal banking agency” has the same meaning as in section 3(q) of the Federal Deposit Insurance Act ().
**(11)** **Functionally regulated subsidiary** 12 U.S.C. 1844(c)(5)
The term “functionally regulated subsidiary” has the same meaning as in section 5(c)(5) of the Bank Holding Company Act of 1956 ().
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**Source Credit**: (June 13, 1933, ch. 64, § 2, 48 Stat. 128; June 27, 1934, ch. 847, title V, § 508(a), 48 Stat. 1264; May 28, 1935, ch. 150, § 10, 49 Stat. 296; 1947 Reorg. Plan No. 3, eff. July 27, 1947, 12 F.R. 4981, 61 Stat. 954; Aug. 11, 1955, ch. 783, title I, § 109(a)(3), 69 Stat. 640; Pub. L. 95–630, title XII, § 1201, Nov. 10, 1978, 92 Stat. 3710; Pub. L. 97–320, title I, § 114(a), Oct. 15, 1982, 96 Stat. 1475; Pub. L. 101–73, title III, § 301, Aug. 9, 1989, 103 Stat. 277; Pub. L. 111–203, title III, § 369(2), title VI, § 604(h)(1), July 21, 2010, 124 Stat. 1557, 1602.)
## Editorial Notes
### Amendments
2010—Pars. (1) to (9). , redesignated pars. (2) and (4) to (9) as (1) and (2) to (7), respectively, added pars. (8) and (9), and struck out former pars. (1) and (3) which read as follows:
“(1) .—The term ‘Director’ means the Director of the Office of Thrift Supervision.
“(3) .—The term ‘Office’ means the Office of Thrift Supervision.”
Pars. (10), (11). , added pars. (10) and (11).
1989— amended section generally, substituting definition of “Director”, “Corporation”, “Office”, “savings association”, “Federal savings association”, “national bank”, “Federal banking agencies”, “State”, and “affiliate”, designated as pars. (1) to (9), for definition of “Board”, “Corporation”, “home mortgage”, “first mortgage”, and “association”, designated as subsecs. (a) to (d).
1982—Subsec. (d). substituted reference to Federal savings bank or Federal savings banks for reference to Federal mutual savings bank wherever appearing.
1978—Subsec. (d). included a Federal mutual savings bank chartered by the Board within definition of “association”, and inserted provisions that a reference to a Federal savings and loan association shall be deemed also a reference to a Federal mutual savings bank.
1935—Subsec. (c). Act , inserted “or dwellings” and “in whole or in part” in cl. (2).
1934—Subsec. (c). Act , substituted “(1) under a lease for not less than ninety-nine years which is renewable, or (2) under a lease having a period of not less than fifty years to run from the date the mortgage was executed” for “under a lease renewable for not less than ninety nine years”.
## Statutory Notes and Related Subsidiaries
### Change of Name
“Home Loan Bank Board” changed to “Federal Home Loan Bank Board” by , which was classified to prior to the repeal of section 1437 by , , .
### Effective Date of 2010 Amendment
Amendment by effective on the transfer date, see , set out as a note under , The Congress.
> “The amendments made by this section [amending this section and sections 1467a, 1828, and 1842 to 1844 of this title and repealing
>
> ] shall take effect on the transfer date.”
, , , provided that:
[For definition of “transfer date” as used in , set out above, see .]
### Effective Date of 1978 Amendment
Amendment effective upon expiration of 120 days after , see set out as an Effective Date note under .
## Executive Documents
### Transfer of Functions
Reorg. Plan No. 3 of 1947, set out in the Appendix to Title 5, Government Organization and Employees, abolished Federal Home Loan Bank Board and transferred its functions to Home Loan Bank Board created by the Plan.