As an alternative asset test prescribed pursuant to Section 1009 of the Act, the composition of the assets, including loans and investments, of a savings bank is permitted to consist of any type, and in any amount, authorized by the Act and this Part, provided that the savings bank:
This Section does not require membership in a Federal Home Loan Bank.
Ill. Admin. Code tit. 38, § 1075.590
Added at 26 Ill. Reg. 13483, effective September 13, 2002