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Federal Savings and Loan Insurance Corporation |
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Federal Savings and Loan Insurance Corporation (FSLIC) A former quasi-governmental agency that provided insurance for deposits at savings and loan institutions. FSLIC (pronounced fizz-lick) went bankrupt in the 1980s banking crisis, and was replaced by the Savings Association Insurance Fund, administered by the FDIC. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Earlier, in its final regulations governing the Qualification of Ethical Standards of Conduct for, and Resolution on the Use of Confidential Information by Independent Contractors, the RTC had required potential RTC contractors to disclose any litigation pending against them by the FDIC, Federal Savings and Loan Insurance Corporation (FSLIC) or RTC in which damages sought exceeded $50,000 (see JofA, May88, page 4). Just last year the Federal Home Loan Bank Board, which runs the Federal Savings and Loan Insurance Corporation, closed ten S&Ls, seized another 25 S&Ls to install new boards of directors and managers, and assisted 22 others in merging with healthier institutions. |
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