The requirements of this part apply to savings associations, as defined in 12 CFR 238.2(l) (including any subsidiary of a savings association), in the same manner and to the same extent as if the savings association were a member bank; provided that a savings association’s unimpaired capital and unimpaired surplus will be determined under regulatory capital rules applicable to that savings association.

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[Reg. O, 76 FR 56530, Sept. 13, 2011]