A federal institution, similar to the FDIC, that insures deposits of federally chartered savings and loan associations.
A federal agency insuring deposits of member S&Ls.
A corporation established in 1934 as an agency of the federal government which insured the deposits of member savings and loan associations. Federally chartered S & L's had to maintain membership and state chartered associations could be members. As part of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, thrift deposits are now insured through the Savings Association Insurance Fund (SAIF) which is operated by the Federal Deposit Insurance Corporation (FDIC).
A United States government instrumentality that insures share accounts in savings and loans and similar institutions up to a maximum per account.
An instrument of the federal government which insures savings accounts in member savings institutions. It is similar to the Federal Deposit Insurance Corporation (FDIC), which insures savings deposits in commercial banks an mutual savings banks.
The Federal Savings and Loan Insurance Corporation (FSLIC) is a now-defunct institution that once administered deposit insurance for savings and loan institutions in the United States. It was abolished in 1989 by the Financial Institutions Reform, Recovery and Enforcement Act, which passed responsibility for savings and loan deposit insurance to the Federal Deposit Insurance Corporation (FDIC).