Economic Definition of Federal Savings and Loan Insurance Corporation. Defined.
Offline Version: PDF
Term Federal Savings and Loan Insurance Corporation Definition: Abbreviated FSLIC, this was once the federal entity responsible for insuring the deposits at savings and loan associations (S&Ls). It performed the same function for S&Ls that the Federal Deposit Insurance Corporation (FDIC) performed for traditional banks. However, when a significant number S&Ls experienced problems in the 1980s and effectively bankrupting the FSLIC, the FDIC assumed the deposit insurance role for any remaining S&Ls, too.
« Federal Reserve System | federal surplus »
Permalink: https://glossary.econguru.com/economic-term/Federal+Savings+and+Loan+Insurance+Corporation