Federal Savings Bank is a financial institution that primarily focuses on providing savings accounts, mortgages, and other banking services to individuals and families. It operates under the regulations set by the federal government, ensuring the safety and security of customer deposits. Founded to promote homeownership and savings, Federal Savings Banks often offer competitive interest rates and various loan options. They play a crucial role in the housing market by providing financing for home purchases and refinancing, making it easier for people to achieve their financial goals.