Thrift institutions (thrifts)
Savings and loan associations, mutual savings banks, and credit unions. ...
THRIFT INSTITUTIONS: Non-profit depository financial institutions that were originally established to provide limited banking services, often to specific groups, that were not adequately offered by traditional banks.
Thrift institutions are a general term often used for mutual savings banks, savings and loan associations, and credit unions.
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Thrift Institutions Advisory Council (TIAC) A council, established following the passage of the Monetary Control Act of 1980, whose purpose is to provide information and views on the special needs and problems of thrifts.
banks and thrift institutions are obligated by law to maintain certain levels of reserves, either as reserves with the Fed or as vault cash.
Savings Association Insurance Fund (SAIF) A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions.
All savers certificates were authorized by the Economic Recovery Tax Act of 1981 as a means of attracting funds primarily to thrift institutions. [OTS] all-cargo aircraft Any aircraft that is used for the sole purpose of transporting cargo.
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.
The Federal Deposit Insurance Corportion (FDIC) insures deposits in banks and thrift institutions, assuring bank customers that their savings and checking accounts are safe.
There are different types of checkable accounts offered by commercial banks or depository thrift institutions (Credit Unions, Mutual Saving Banks, Saving & Loan Associations...).
federal agency established in 1933 that guarantees (within limits) funds on deposit in member banks and thrift institutions and performs other functions such as making loans to or buying assets from member institutions to facilitate mergers or ...
" Savings and loan associations, credit unions and other miscellaneous thrift institutions provide similar services under other names.
A government insurance fund for savings and loans and thrift institutions in the United States that protects depositors from losses due to institutional failure.
DIRECT INVESTMENT - investment by thrift institutions directly in the equity of such ventures as real e...
DIRECT LABOR UTILIZATION RATE - total payroll charged directly to job numbers in the period divided by ...
Organization engaged in any of the many aspects of finance including commercial banks, thrift institutions, investment banks, securities brokers and dealers, credit unions, investment companies, insurance companies, and REAL ESTATE INVESTMENT TRUSTS.
The VA guarantees repayment of the loans. This federal guarantee means that banks and thrift institutions can afford to provide 30-year VA mortgages on favorable terms even during periods when borrowing in general is expensive.
A bureau of the U.S. Treasury Department established in August 1989. OTS has the authority to charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts.
OTS ...
Established by the federal government in 1933 after the bank failures of the Great Depression, the FDIC guarantees deposits in member banks and thrift institutions for up $100,000 per depositor per bank.
Certificate of Deposits (or CDs) - A time deposit; a financial product commonly offered to consumers by banks, thrift institutions, and credit unions.
A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions.
Savings bank ...
An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.
Thrift plan ...
certificate of deposit (CD)
Savings certificate that entitles the holder to the receipt of interest. CDs are issued by commercial banks and savings and loans (or other thrift institutions).
Thrift institution
An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.
Definition: Savings bank or savings and loan association. Definition: [crh] An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutionsDefinition: .
For example, NOW accounts, credit union share drafts and other services similar to checking accounts may be offered by thrift institutions. Depository Institutions Deregulation and Monetary Control Act ...
As used by thrift institutions and the OTS, the term has been replaced by "net portfolio value" or NPV. As used by bankers and banking regulators, the term is slowly being replaced by "economic value of equity" or EVE.
Much of the growth came at the expense of banks and thrift institutions. With the recession of the late 1980s and early 1990s, interest rates (and, temporarily, the popularity of the funds) dropped. By 1999 more than $800 billion was invested in U.S.
and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions.
 See also: Thrift institution, Banks, Saving, Savings and loan association, Savings bank
  
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