Savings and loan association

Savings and Loan association
A US-type state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. ...

Savings and loan associations began to engage in large-scale speculation, particularly in real estate. Financial failure of the institutions became rampant, with well over 500 forced to close during the 1980s.

Savings And Loan Association (S&L)
institution similar to a savings bank in history and operation, except that the savings and loan association's primary purpose has been to provide loans for purchasing and building homes; ...

Savings and loan association
Definition: [crh] National- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in Definition: F="/?rd=mortgages"mortgages.

Federal Savings and Loan Associations
Financial & Investment Dictionary:
Federal Savings and Loan Association
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Savings and Loan Association (S&L)
A financial institution whose principal function is to promote home ownership. They specialize in making residential mortgages.

Savings and loan association (S&L)
A state or federally chartered for-profit financial institution that pays dividends on deposits and makes mortgage loans.

Savings and loan association (S&L): A business, with a state or federal government charter, that takes deposits from individuals and uses them to make loans, especially mortgage loans.

SAVINGS AND LOAN ASSOCIATIONS
Depository financial institutions that were originally established to assist home owners with low-cost mortgage loans using savings deposits.

Savings and Loan Association. A financial institution that is state or federally chartered and privately owned by the depositors or stockholders.

A savings and loan association organized as a cooperative. Members purchase shares, vote on association affairs, and receive income in the form of dividends.
Mutual company ...

Also known as "savings and loan associations".
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Federal Savings and Loan Association A federally chartered institution whose purpose is to collect savings deposits and provide residential mortgage loans.

Federal Savings and Loan Association
An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. Federally related institutions ...

savings and loan association
A U.S. credit union
A U.S. insurance company
Portfolio Interest (Described in Chapter 3 "Exclusions From Gross Income" - "Interest Income" - "Portfolio interest" of Publication 519, U.S. Tax Guide for Aliens) ...

[NYMEX] American Savings and Loan League A thrift institution trade organization primarily representing minority-owned savings and loan associations. It is affiliated with America's Community Bankers.

Bailout bond A bond issued by the Resolution Funding Corporation (Refcorp) to save the failing savings and loan associations in the late 1980s and early 1990s. Baker Plan A plan by former U.S.

Federal Home Loan Banks The institutions that regulate and lend to savings and loan associations. The Federal Home Loan Banks play a role analogous to that played by the Federal Reserve Banks vis-à-vis member commercial banks.

Savings and loan associations and savings banks are thrift institutions. Thrift plan A defined contribution plan in which an employee contributes, usually on a before-tax basis, toward the ultimate benefits that will be provided.

Because CDs are issued by banks and savings and loan associations, principal is insured through the FDIC in most cases. CFA See chartered financial analyst. CFP See certified financial planner.

Usually called a CD, a certificate of deposit is a short- to medium-term instrument (one month to five years) that is issued by a bank or savings and loan association to pay interest at a rate higher than that paid by a pass book account.

FEDERAL SAVINGS AND LOAN ASSOCIATION
FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION (FSLIC)
FEDERAL TAXES
FEDERAL TAX IDENTIFICATION NUMBER
FEDERAL TAX I.D. NUMBER
FEDERAL TRADE COMMISSION (FTC)
FEEDER INDUSTRIES
FICA
FICTITIOUS NAME
FIDELITY BOND ...

any insurance company, investment company registered under the Investment Company Act; employee benefits plan if the investment decision is made by a plan fiduciary as defined by such Act, which is either a bank, savings and loan association, ...

" Savings and loan associations, credit unions and other miscellaneous thrift institutions provide similar services under other names.

The agency of the federal government that supervises all federal savings and loan associations and federally insured state-chartered savings and loan associations.

A deposit of funds, in a bank or savings and loan association, for a specified term that earns interest at a specified rate or rate formula. CDs may be secured or unsecured. CDs may be for terms as short as one week or for terms of 10 years or longer.

Account at a brokerage firm, bank, savings and loan association or credit union that is insured either by a federal or private insurance organization. If the institution becomes insolvent, it protects depositors against losses.

INSTITUTIONAL LENDERS - Savings and loan associations, banks, life insurance companies and mutual savin...
INSTITUTIONAL LOAN STOCK - Debt put in by venture capitalists which may or may not be secured and which...

A certificate issued by a bank, savings and loan association or other financial institution indicating that a specific dollar amount has been deposited with the institution for a fixed period of time at a predetermined rate of interest.

The institutions that regulate and lend to savings and loan associations. The
federal Home Loan Banks play a role analogous to that played by the federal reserve Banks vis-à-vis
member commercial banks.
Federally related institutions ...

booklet for recording transactions of bank customers a small booklet issued by savings and loan associations, and other financial institutions to record deposits, withdrawals, interest paid, and the balance on savings and deposit accounts.

A group composed of lending institutions--banks, credit unions, savings and loan associations, finance companies, retail merchants, and credit card companies--and their debtors.
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Investment Certificate
Certificate that evidences investment in a savings and loan association and states the dollar amount invested. The certificates do not involve shareholder responsibility nor do they have voting rights.
See: Voting Rights ...

Bailout Bond - A debt security issued by the Resolution Funding Corporation to bail out the savings and loan associations during the financial crisis of the late 1980s and early 1990s.

This includes commercial banks, savings and loan associations, savings banks and credit unions. Although historically they have broadened their powers in recent years.

Lending Institution - Any institution, including a commercial bank, savings and loan association, commercial finance company, or other lender qualified to participate with SBA in the making of loans.

Congress to place banking and financial institutions into receivership like the Office of the Comptroller of the Currency for failing nationally chartered commercial banks; the Office of Thrift Supervision for failing savings and loan associations ...

Insurance companies, federal savings and loan associations, and savings banks are examples of mutual companies, although each type operates somewhat differently.
Mutual fund ...

Mutual association
A savings and loan association organized as a cooperative, with members purchasing shares, voting on association affairs, and receiving income in the form of dividends.

Institutional investor: A investor who is a bank, savings and loan association, insurance company, registered investment company, federal- or state-registered investment adviser, or any other person, corporation, partnership, trust, ...

Thrift Institution - thrifts include mutual savings banks, savings and loan associations and credit unions.

An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.
Thrift plan ...

' The customers of the twelve Federal Reserve banks are not ordinary citizens but 'banks' in the inclusive sense of all depository institutions-commercial banks, savings banks, savings and loan associations, and credit unions.

Security guaranteed by the Government National Mortgage Association (GNMA), issued to savings and loan associations, mortgage bankers, commercial banks and other institutions.

Series EE savings bonds are issued by the US government in face value denominations ranging from $50 to $10,000 and are sold directly to investors by banks, credit unions, and savings and loan associations at a discount.

A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions.
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Adjustable-rate mortgage (ARM) - A loan characterized by a fluctuating interest rate; usually one tied to a bank or savings and loan association cost-of-funds index.

Building societies are a form of financial mutual that is, in effect, a bank that is owned by its customers. The name reflects there origins, providing personal mortgage lending and savings accounts. They are similar to savings and loan associations ...

2All depository institutions that are subject to reserve requirements set by the Federal Reserve - including commercial banks, mutual savings banks, savings and loan associations and credit unions - have access to the "discount window".

Federal Reserve Board - FRB
Federal Reserve District
Federal Reserve float
Federal Reserve notes
Federal Reserve System
Federal Savings and Loan Association
Federal Trade Commission - FTC
Federally related institutions ...

A share of the profits is distributed as dividends, allocated in proportion to the amount of business each customer does with the company. Insurance companies, federal savings and loan associations, and savings banks are examples of mutual companies, ...

older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home. A lending institution such as a mortgage lender, bank, credit union or savings and loan association ...

Section 203(b): A program designed to provide mortgage insurance for someone to purchase or refinance a principal residence, usually funded by a lending institution, such as a mortgage company, bank, savings and loan association and insured by ...

assurance by a financial institution that a particular signature is valid. A notary cannot provide a signature guarantee. Acceptable guarantors include commercial banks that are members of the FDIC, trust companies, savings and loan associations.

Every driver in the UK has to be covered for third p...(Read more)
Thrift Institution
A depository or savings organisation for the purpose of holding peoples deposits. Includes savings and loan associations and mutual savings ...(Read more) ...

See also: Saving, Banks, Savings and loan associations, Expense, Bills