State Savings Guarantee Corporation


Definition of "State savings guarantee corporation"

Barbara  White
  Island Real Estate of Amelia

State-sponsored insurance fund that was intended to guarantee deposits at state-chartered savings institutions. A handful of these funds existed in the early 1980s, but after a string of savings and loan failures in Maryland and Ohio in 1985, these funds were phased out and the member savings institutions converted to Federal Deposit Insurance.



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