Financial Institutions Restructuring and Services Act of 1981

[AI summary unavailable — showing source text] Financial Institutions Restructuring and Services Act of 1981 - Title I: Depository Institutions Insurance and Services - Depository Institutions Insurance and Services Act of 1981 - Part A - Form of Charter; Demand Accounts - Amends the Home Owners' Loan Act of 1933 to authorize the Federal Home Loan Bank Board to charter Federal associations known as Federal savings and loan associations or Federal savings banks (currently Federal mutual savings banks) to provide thrift institutions for the deposit or investment of funds and for the extension of credit for homes and other goods and services. Permits an association to raise capital in the form of demand accounts as are authorized by its charter or by regulations of the Board. Directs 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. Eliminates 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 c…