Resources and Suggested Reading
No endorsement is implied or given by any individual, company, or government agency whose material appears on this website. No information provided on this site shall be considered a substitute for your independent investigation.
Independent Analysis
American Bankers Association, Mutuality Issues and Resources, especially
- ABA, Today's Mutual Community Banks 2009
- Thacher Proffitt & Wood LLP, Compensation Considerations for Mutuals
Barron's, Top Wealth Managers in the U.S. (aka Private Bank Survey), 10/13/08
McGee, Suzanne, Good Gracious!, article in Barron's, 10/13/08
Bogle, Jack, The Battle for the Soul of Capitalism, 2005, Yale University Press
Bogle, Jack, The Battle for the Soul of Capitalism, 2/8/06, speech given to the Miller Forum, University of Virginia
Cap Gemini/Merrill Lynch, World Wealth Report 2008
Cap Gemini/Merrill Lynch, World Wealth Report 2009
Oliver Wyman, consulting division of Marsh McLennan Companies, The Future of Private Banking, 2008
Oliver Wyman, consulting division of Marsh McLennan Companies, Cooperative Banking: Customer Champion, 2008
The Economist, April 4th 2009, Spare a dime? A special report on the rich, especially
- Show Them the Money, The rich have become disillusioned with the people who look after their fortunes
Morgenstern, Gretchen, He Doesn't Let Money Managers Off the Hook, article in theThe New York Times, 4/11/09
Statute and Regulations
United States Code Title 12-Banks and Banking, especially
- 12 USC, Chapter 16, § 1813(f) - definition of "mutual savings bank"
- 12 USC, Chapter 12 - Savings Associations
- 12 USC, Chapter 12, § 1464 - Federal Savings Associations
- 12 USC, Chapter 12, § 1464(b)(4) - Mutual Capital Certificates
- 12 USC, Chapter 12, § 1464(i)(3)(A)(iv) - distribution of capital in the event of dissolution
Code of Federal Regulations, Title 12-Banks and Banking, especially
- 12 C.F.R. § 543 - Federal Mutual Savings Associations Incorporation, Organization, and Conversion
- 12 C.F.R. § 543.3 - “De novo” applications for a Federal savings association charter
- 12 C.F.R. § 543.3(b) - Minimum Capital Requirements
- 12 C.F.R. § 544 - Federal Mutual Savings Association Charter and Bylaws
- 12 C.F.R. § 544.1 - Federal Mutual Charter, Section 5. Capital.
- 12 C.F.R. § 544.1 - Federal Mutual Charter, Section 6. Members (including voting rights)
- 12 C.F.R. § 544.1 - Federal Mutual Charter, Section 8. Capital, Surplus, and Distribution of Earnings
- 12 C.F.R. § 544.5 - Federal Mutual Savings Association Bylaws
- 12 C.F.R. § 545 - Federal Savings Associations Operations
- 12 C.F.R. § 546 - Federal Mutual Savings Associations - Merger, Dissolution, Reorganization, and Conversion
- 12 C.F.R. § 550 - Fiduciary Powers of Savings Associations
- 12 C.F.R. § 567.5(a)(iv) - Components of Capital, Core-Capital, Pledged Deposits
Regulators
Federal Deposit Insurance Corporation
Office of Thrift Supervision (regulates Federal Mutual Savings Associations), especially
- Federal Mutual Association Charter
- Model Bylaws for Mutual Savings Associations
- Applications (resources for the application process)
- Corporate Governance (resources for Directors)
- Trust and Asset Management Handbook (the OTS uses this handbook in examining savings associations and subsidiaries that engage in trust activities)
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