| Banking in the United States | |
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Lending |
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Deposit accounts |
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Electronic funds transfer (EFT) |
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Check Clearing System |
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Types of bank charter |
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A federal savings bank (FSB) is a savings and loan association federally chartered in the United States. They are chartered and regulated by the Treasury Department's Office of Thrift Supervision.
Federal savings banks are insured by the Federal Deposit Insurance Corporation. The FDIC insures individual accounts up to at least, originally, $100,000, currently $250,000 possibly until the year 2014, joint accounts up to $200,000, and retirement accounts up to $250,000.