1.   Although Telebanc calls itself a bank, it actually operates a federally chartered savings and loan.

2.   In addition, the proposal would extend the rules to federally chartered savings institutions regulated by the Office of Thrift Supervision, which does not now apply the rules.

3.   Other insurers also are taking advantage of the ability to open a federally chartered savings and loan.

4.   Travelers is the latest in a string of insurers that have taken advantage of the ability to open a federally chartered savings and loan.

5.   The Federal Deposit Insurance Corp. closed Superior Bank on Friday and transferred its insured deposits and assets to a newly chartered full-service mutual savings thrift called Superior Federal.