mutual savings bank
savings bank organized under state charter for the ownership and benefit of its depositors. A local board of trustees makes major decisions as fiduciaries, independently of the legal owners.
Mutual savings bank: A bank whose depositors own it. Although a credit union's members own the credit union, the two institutions differ in many ways.
Mutual savings bank
A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.
Mutual savings banks also accept deposits primarily from individuals, and place a large portion of their funds into mortgage loans. These institutions are prominent in many of the northeastern states.
MUTUAL SAVINGS BANK: A non-profit depository institution, primarily operating in the eastern part of the United States, that was established to provide low-cost mortgage loans to members using member savings.
Mutual Savings Bank - MSB
A type of thrift institution, originally designed to serve low-income individuals, that historically invested in long-term, fixed-rate assets such as mortgages.
See A. Teck, Mutual Savings Banks and Savings and Loan Associations (1968); F. E. Balderston, Thrifts in Crisis: Structural Transformation of the Savings and Loan Industry (1985).
Law Encyclopedia:
Savings and Loan Association
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Withdrawals from NOW accounts may be offered by commerical banks, mutual savings banks, and savings and loan associations and may be owned only by individuals and certain nonprofit organizations and govermental units.
They includes Saving & Loan Associations (S&Ls), Mutual Savings Banks, Credit Unions. Traditionally, S&Ls accepts deposits and make loans for house construction, house purchase, house improvement or refinancing .
A common form of savings bank, the mutual savings bank, was traditionally the only type that accepted savings deposits exclusively (see ).
Deposits or withdrawable accounts with mutual savings banks, cooperative banks, credit unions, domestic building and loan associations, ...
BOARD OF TRUSTEES - the group of persons that manages a mutual savings bank, establishes the policies u...
BOARD ROOM - A room at a brokerage firm where its clients can watch an electronic board displaying stoc...
Thrift institutions (thrifts)
Savings and loan associations, mutual savings banks, and credit unions.
Tax Reform Act of 1986
A 1986 law involving a major overhaul of the U.S. tax code.
Thrift Institution - thrifts include mutual savings banks, savings and loan associations and credit unions.
Dividends on real estate investment trusts (REITs), mutual savings banks, and certain other investments aren't considered qualifying and are taxed at your regular rate.
Dividend payout ratio ...
Savings accounts - On demand accounts maintained by banks, savings & loan associations, credit unions, and mutual savings banks that pay interest but can not be used directly as money.
Scan - Is to read through a document rather hastily.
Investment bank Â- Industrial bank
Merchant bank Â- Mutual savings bank
National bank Â- Offshore bank
Postal savings system
Private bank Â- Retail Bank
Savings and loan association
Savings bank Â- Universal bank
more...
Eligible Worker-Owned Cooperative (EWOC): A retirement plan structured as either a cooperative farmers' association or any corporation operating on a cooperative basis except for a tax-exempt organization, a mutual savings bank, ...
A commercial bank or trust company that holds securities owned by a mutual fund and sometimes acts as transfer agent for the mutual fund.
Mutual savings bank ...
that are treated as interest and reported in Part I of Schedule B are income from accounts in cooperative banks, credit unions, domestic building and loan associations, domestic savings and loans, federal savings and loans, and mutual savings banks.
or by being bought by other financial organizations, resulting in members receiving cash or share windfall payments. In the United States, mutual associations, a type of savings and loan association, and state-chartered mutual savings banks are ...
That means you owe tax at your long-term capital gains rate provided you have owned the stocks the required length of time.Dividends on real estate investment trusts (REITs), mutual savings banks, ...
In the US, a commercial bank or trust company that safeguards securities held by a mutual fund....(Read more)
Mutual Savings Bank
In the US, a savings bank that is owned by and operated for the benefit of its depositors....(Read more) ...
Mutual Savings Bank A savings bank that is owned and operated for the benefit of its depositors. MVR The ISO currency code for the Maldives Rufiyaa. MWK The ISO currency code for the Malawi Kwacha.
 See also: Saving, Savings bank, Banks, Savings and loan association, Mutual savings banks
  
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