Federal Savings and Loan Insurance Corporation (FSLIC)

Definition

A former subsidiary of the Federal Home Loan Bank, which insured deposits up to $100,000 at savings institutions. This corporation was similar to the Federal Deposit Insurance Corporation (FDIC) that a majority of banks presently use to insure deposits. After the savings and loans crisis during the 1980s, FSLIC exhausted its reserves and was abolished by FIRREA in 1989. All assets previously held by FSLIC were transferred to the Savings Association Insurance Fund (SAIF), a division of the FDIC.

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You may want to try and get in tight with a federal savings and loan insurance corporation that may give you some borrowing flexibility.

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Federal Savings and Loan Insurance Corporation Federal Savings and Loan Insurance Corporation (FSLIC): A former subsidiary of the Federal Home Loan Bank.

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Mr. Macintosh had previously worked for the Federal Savings and Loan Insurance Corporation that institution was dissolved as a result of numerous banking issues that occurred in the 1980s; now, he works for the Federal Deposit Insurance Corporation (FDIC) in a fairly similar role.

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Federal Savings and Loan Association Financing Corporation (FICO)