Savings associations and savings banks are chartered and regulated by the Federal Reserve Bank.

Name: Savings associations and savings banks are chartered and regulated by the Federal Reserve Bank.
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While savings associations and savings banks are regulated by the federal government, they are chartered by different regulatory bodies. Savings associations are chartered by the Office of the Comptroller of the Currency or state governments, while savings banks are chartered by state governments.

Savings Associations and Savings Banks Are Chartered and Regulated by the Federal