Preamble
WHEREAS, stock savings and loan associations are classified as thrift banks under Section 6-A of Republic Act No. 337, as amended; and WHEREAS, there is need to amend certain provisions of Republic Act No. 3779, as amended, in order to allow stock savings and loan associations to exercise certain powers granted to other thrift banks under Republic Act No. 337, as amended; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order the amendment of Republic Act No. 3779, as amended: