Federal Savings and Loan Insurance Corporation
E93929
The Federal Savings and Loan Insurance Corporation was a former U.S. government agency that insured deposits in savings and loan institutions until its dissolution following the savings and loan crisis of the 1980s.
Aliases (3)
Statements (43)
| Predicate | Object |
|---|---|
| instanceOf |
defunct federal agency of the United States
→
deposit insurance agency → |
| alsoKnownAs |
FSLIC
→
|
| appliesTo |
savings and loan associations
→
thrift institutions → |
| country |
United States
→
|
| createdBy |
National Housing Act of 1934
→
|
| dissolutionCause |
savings and loan crisis of the 1980s
→
|
| dissolutionMethod |
statutory abolition by U.S. Congress
→
|
| dissolved |
1989
→
|
| dissolvedAfter |
savings and loan crisis
→
|
| fundingSource |
backing of the U.S. government
→
insurance premiums from member institutions → |
| governmentBranch |
executive branch of the United States
→
|
| hasCharacteristic |
faced insolvency during the savings and loan crisis
→
|
| headquartersLocation |
Washington, D.C.
→
|
| historicalPeriod |
Great Depression era origin
→
Reagan-era financial deregulation context → |
| inception |
1934
→
|
| industry |
deposit insurance
→
financial regulation → |
| insuredDepositsUpTo |
federally set coverage limits
→
|
| insuredDepositType |
savings accounts
→
time deposits → |
| insuredInstitutionType |
federally chartered savings and loan associations
→
state-chartered savings and loan associations → |
| jurisdiction |
United States federal government
→
|
| legalForm |
government corporation
→
|
| operatedBy |
Federal Home Loan Bank Board
→
|
| parentOrganization |
Federal Home Loan Bank Board
→
|
| partOf |
New Deal financial regulatory framework
→
|
| purpose |
to insure deposits in savings and loan institutions
→
to maintain public confidence in savings and loan associations → |
| regulates |
member savings and loan associations with insured deposits
→
|
| regulatoryObjective |
promote stability of the thrift industry
→
protect small savers in thrift institutions → |
| regulatoryScope |
federally insured thrift institutions
→
|
| replacedBy |
Federal Deposit Insurance Corporation
→
Resolution Trust Corporation → |
| roleInEvent |
central institution in the U.S. savings and loan crisis
→
|
| sector |
banking regulation
→
housing finance → |
| successorLiabilityAssumedBy |
Federal Deposit Insurance Corporation
→
|
Referenced by (5)
| Subject (surface form when different) | Predicate |
|---|---|
|
Deposit Insurance Fund
("Bank Insurance Fund")
→
Deposit Insurance Fund ("Savings Association Insurance Fund") → |
predecessor |
|
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
→
|
abolishedAgency |
|
Federal Savings and Loan Insurance Corporation
("FSLIC")
→
|
alsoKnownAs |
|
Federal Home Loan Bank Board
→
|
parentAgencyOf |