Share This Article:

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 »


Alphabetical Reference to Over 2,000 Economic Terms