A former system that provided credit reserves to savings and loan associations, cooperative banks, and other mortgage lenders, akin to the Federal Reserve Bank's function for commercial banks.
The Federal Savings and Loan Insurance Corporation (FSLIC) was a U.S. government agency established to insure depositors in savings and loan associations against loss of principal. It was founded in 1934 and disbanded in 1989, with its functions transferred to the Federal Deposit Insurance Corporation (FDIC).
An institutional lender is a financial intermediary who invests in loans and other securities on behalf of depositors or customers. These institutions are heavily regulated to mitigate risks and play a crucial role in both the primary and secondary markets for loans and securities.
A type of bank, prevalent on the East Coast and in the Midwest, primarily offering time-savings accounts. These banks are typically owned by their depositors, who receive dividends in the form of interest on their accounts. Their functions are similar to those of Savings and Loan Associations (S&Ls).
Thrift institutions, also known as savings banks and savings and loan associations, are financial institutions that primarily focus on accepting deposits and originating home mortgages. They play a critical role in providing financial services to individuals and communities.
