Thrift Institutions Restructuring Act of 1981

[AI summary unavailable — showing source text] Thrift Institutions Restructuring Act of 1981 - Title I: Form of Charter: Demand Accounts - Amends the Home Owners' Loan Act of 1933 to authorize the Federal Home Loan Bank Board to charter Federal stock savings banks as well as savings and loan associations and mutual savings banks for investment and credit purposes in addition to the provision of home financing. Permits a Federal savings and loan association to raise capital in the form of demand accounts. Specifies that all savings accounts and demand accounts will have the same priority upon liquidation. Reduces from 30 days to 14 days the statutory notice-of-withdrawal period for savings accounts. Repeals the prohibition against the issuance of capital stock by Federal savings and loans. Grants any association the authority to issue such capital stock. Permits any institution that is a Federal Home Loan Bank member (or is eligible to become a member) to convert to a Federal savings and loan association, a Federal savings bank, or a Federal mutual savings bank (and from the mutual form to the stock form, or vice versa). Revises the procedures and requirements for conversion of any Federal association back to a State type instit…