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.

References in periodicals archive ?
Credit extensions were secured by the assets of the borrower and guaranteed by the Federal Savings and Loan Insurance Corporation.
The Federal Savings and Loan Insurance Corporation took over Western in 1986 and Vernon in 1987.
Loans under this arrangement will be secured by assets of the Federal Savings and Loan Insurance Corporation (FSLIC) as well as those of the troubled institution.
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.
Vigna has previously served as District Director of the New York Office of the OTS, a Senior Executive Vice President of the Federal Home Loan Bank of New York, and Acting Director for the Federal Savings and Loan Insurance Corporation.
Lincoln Savings involved the deductibility of premiums paid into a fund maintained by the Federal Savings and Loan Insurance Corporation (FSLIC).
The assets of many thrift institutions include notes and other obligations of the now defunct Federal Savings and Loan Insurance Corporation (FSLIC).
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