This will depend on what agency is your chartering authority. State banks must look to the Texas Banking Department and state thrifts to the Texas Savings and Loan Department. It gets further complicated if there is a holding company involved, which could then involve either the Federal Reserve or the OTS. We are a state chartered savings bank with a unitary savings and loan holding company. Therefore, we must get approval from the TSLD and the OTS for dividend payments.
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.