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United States · Bill · HR

H.R. 13716 (95th)

Savings and Loan Associations Mutual Capital Certificate Act

referredUnited States· United States Congress· EN

Introduced

2 August 1978

Last action

—

Status

Referred to House Committee on Banking, Finance and Urban Affairs.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Savings and Loan Associations Mutual Capital Certificate Act - Amends the Homeowners' Loan Act of 1933 to allow Federal savings and loan associations to issue mutual capital certificates, in accordance with regulations issued by the Federal Home Loan Bank Board. Specifies conditions which shall be provided for in the Board's regulations, including that mutual capital certificates shall be subordinate to all savings accounts, savings certificates, and debt obligations. Amends the National Housing Act to provide that mutual capital certificates and debentures shall be deemed to be reserves for purposes of such Act.

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1 official file

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