Comparison of the Powers of National Banks and Federal Savings Associations

Summary

This chart is intended to provide a summary of the basic powers of national banks and federal savings associations (FSAs). It is not intended to be a complete inventory of the activities permitted for either type of charter. The chart should not be cited as precedent. The powers identified in this document are evolving and the statutes and regulations cited may be revised in the future. In addition, different facts than those presented in relevant precedent may lead to different results. Therefore, institutions should not engage in activities in reliance on this document and instead should review the authorities cited here and other relevant law, precedent, and Office of the Comptroller of the Currency (OCC) guidance before engaging in an activity.