Federal Savings And Loan Insurance Corporation Fslic

Definition of "Federal savings and loan insurance corporation (fslic)"

Suzanne Nissen
Suzanne Nissen Berkshire Hathaway HomeServices Town & Country

Agency of the federal government formed as the result of bankruptcies of savings and loan associations during the 1930s. Insures deposits of customers up to $100,000 for each account. In 1986, 1987, 1988, 1989, and 1990, when numerous savings and loan associations failed or nearly failed, FSLIC backed up their deposits and prevented runs.

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