SAIF


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SAIF

Savings Association Insurance Fund

A pool of money created in 1989 by the FDIC to insure deposits made in savings and loan associations (or thrifts). The SAIF was created to separate thrift insurance money from regular bank insurance money (which came from the Bank Insurance Fund). While this was likely beneficial for a time because of the savings and loan crisis, it created a perverse incentive for banks and thrifts to reclassify themselves as the other (i.e., a bank to a thrift or a thrift to a bank), depending on which fund had lower fees. This led to the passage of the Federal Deposit Insurance Act of 2005, which abolished the Savings Association Insurance Fund and the Bank Insurance Fund and created a single Deposit Insurance Fund.

SAIF

References in periodicals archive ?
Sharjah is the industrial backbone of the UAE and establishments in Saif Zone enjoy exemptions from import and export duties, income and corporate taxes in addition to the free repatriation of capital," Al Mazrouei said while addressing the business forum in Mumbai.
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Once Gaddafi's presumed heir, Saif al-Islam is wanted by the International Criminal Court (ICC) on war crimes charges, but the current case relates to charges that he gave information to an ICC lawyer last year that could endanger national security.
Saif and Kareena dated each for five years before getting married.
Saif Ali Khan and Kareena Kapoor greet waiting fans after getting married in Mumbai
Tripoli, Sept 7 ( ANI ): Libyan authorities have decided to delay the trial of slain dictator Muammar Gaddafi's son, Saif al-Islam, in a bid to gather more incriminating evidence against him from a former spy chief who was extradited from Mauritania.
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