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Definition of 'Federal Savings and Loan'
A federally chartered savings and loan is a banking institution that functions in a very similar fashion to retail banks and credit unions, with some slight limitations on the type of services it can offer. Historically, the primary purpose of savings and loan associations was to allow members to deposit savings and borrow money at rates that were slightly more competitive than commercial banks. The competitive difference in interest and loan rates came from the fact that a savings and loan was "mutually owned" by its members, with no need to pass profits on to a third party.
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Investopedia explains 'Federal Savings and Loan'
Federal savings and loan associations reached their heyday in the mid-1980s after being deregulated just a few years earlier. However, in response to the scandalous failure of a number of prominent S&Ls, including Charles Keating's Lincoln Savings and Loan, participation in savings and loans begain to dwindle by the early 1990s. In reaction to the growing insolvency of the savings and loan industry, the government reestablished stronger oversight and created the Office of Thrift Supervision in 1989. This regulatory body, itself a division of the Treasury Department, helps to ensure the safety and stability of member savings and loans. As part of the act that created this agency, savings and loan deposits came under the protection of the FDIC insurance and remain so today.
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Search results for 'Federal Savings and Loan'
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http://www.investopedia.com/university/student-loans/student-loans7.asp
Student Loans: Federal Loan Consolidation. ...
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http://www.investopedia.com/articles/mortgages-real-estate/09/federal-housing-authority.asp
... you'll need to have more savings before you ... cost as much as 1.15% of the loan balance,
per ... Under 2011 federal legislation, mortgage insurance premiums are tax ...
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http://www.investopedia.com/articles/pf/10/federal-student-loans.asp
... step to borrowing from the federal government, whether ... ll provide information such
as income, savings account information ... t think you need a loan, you should ...
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http://www.investopedia.com/articles/economics/08/government-financial-bailout.asp
... Freddie Mac, created in 1970 to market mortgages offered by federal savings and
loan institutions, was also eventually permitted to sell shares to the public ...
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http://www.investopedia.com/articles/economics/08/treasury-fed-reserve.asp
... While the US government initiated the bailout as a Federal Reserve-led action ... took
place in the airline industry in 2001, the savings and loan industry in ...
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http://www.investopedia.com/articles/younginvestors/09/private-or-federal-student-loans.asp
... t have savings or investments to cover the cost of your children's college education,
you may need to investigate loan options. TUTORIAL: Student Loans Federal ...
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http://www.investopedia.com/articles/younginvestors/11/university-payment-plans-vs-student-loans.asp
... plans are a terrific option for reducing student loan borrowing, but ... have at least
a semester in savings before you begin, and borrow federal student loans ...
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http://www.investopedia.com/ask/answers/08/trust-lower-tax-liability.asp
... If both the trust and the estate are under the exemption level, then there
are federal tax savings. ... $30K Home Equity Loan, 5.74%, 5.77%. ...
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http://financialedge.investopedia.com/financial-edge/0509/Today-In-Finance-May-28---Whitewater-Convictions.aspx
... venture, James McDougal started another real-estate-focused investment with borrowed
funds from his own savings and loan. However, federal regulators had ...
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http://www.investopedia.com/articles/financial-theory/banking-crisis-1980s.asp
... FIRREA replaced the Federal Savings & Loan Insurance Corporation (FSLIC) and allowed
for the transfer of the failed FSLIC's assets, liabilities and operations ...
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