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Federal Savings and Loan Insurance Corporation

American  

noun

  1. a public corporation, established in 1934, that insures, up to a specified amount, all deposits in member savings and loan associations. FSLIC


Example Sentences

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I was a Treasury Department official when Congress passed the Federal Savings and Loan Insurance Corporation Recapitalization Act of 1987 to save the savings and loan industry.

From The Wall Street Journal ● Apr. 28, 2026

Within six years, the Resolution Trust Corporation and the Federal Savings and Loan Insurance Corporation had sold $519 billion worth of assets for 1,043 thrifts that had gone belly up.

From Salon ● Jun. 24, 2015

Reason: the Federal Savings and Loan Insurance Corporation, a Bank Board unit that insures S and L deposits, would soon run out of money if it simply shut down the troubled giants.

From Time Magazine Archive

Last week the Federal Home Loan Bank Board, whose Federal Savings and Loan Insurance Corporation guarantees thrift deposits, said it would spend $1.9 billion to rescue 14 ailing Oklahoma S and Ls.

From Time Magazine Archive

The Federal Savings and Loan Insurance Corporation is supposed to be the lifeboat of the thrift industry, but these days the agency itself is in dire need of rescue.

From Time Magazine Archive

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