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Thrift Bank

Also found in: Acronyms

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Thrift Bank

A bank whose main purpose is to take deposits from consumers and make home mortgages.

Notes:

Thrift banks typically don't bother themselves with corporate banking, brokering, or underwriting.

See also: Bank, Broker - Dealer, Investment Bank, Merchant Bank, Private Banking, Retail Banking, Wholesale Banking

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Federal Home Loan Bank System (FHLB)

Federal Home Loan Bank System (FHLBS)

Office of Thrift Supervision - OTS

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