12 C.F.R. Subpart B—Interpretations
Title 12 - Banks and Banking
This subpart contains interpretations pertaining to the requirements of the Act and the rules and regulations thereunder as applied to savings associations by the Office. (a) This section applies to the description-of-business portion of: (1) Registration statements filed on Form 10 (item 1) (17 CFR 249.210), (2) Proxy and information statements relating to mergers, consolidations, acquisitions, and similar matters (item 14 of Schedule 14A and item 1 of Schedule 14C) (17 CFR 240.14a–101 and 240.14c–101), and (3) Annual reports filed on Form 10–K (item 7) (17 CFR 249.310). (b) The description of business should conform to the description of business required by item 7 of Form PS under part 563b of this chapter. (c) No repetitive disclosure is required by virtue of similar requirements in item 7 of Form PS and items 301 and 303 of Regulation S-K (17 CFR 229.301, 303). However, there should be included appropriate disclosure which arises by virtue of the registrant being a stock savings association. For example, the table regarding return on equity and assets, item 7(d)(5), should include a line item for “dividend payout ratio (dividends declared per share divided by net income per share).”
Title 12: Banks and Banking
PART 563d—SECURITIES OF SAVINGS ASSOCIATIONS
Subpart B—Interpretations
§ 563d.801 Application of this subpart.
§ 563d.802 Description of business.