Thrift Institutions Advisory Council


DEFINITION of 'Thrift Institutions Advisory Council'

A council that advises the Federal Reserve board of governors on the various needs and condition of savings institutions. The council is made up of representatives of all types of savings institutions, including banks, credit unions and savings and loans.

BREAKING DOWN 'Thrift Institutions Advisory Council'

The Thrift Institutions Advisory Council was established by the Monetary Control Act of 1980. It was created in order to foment communication between the Federal Reserve Board and the savings industry. The Fed is able to take action based on the reports that it receives from this council.

  1. Federal Reserve Bank

    The central bank of the United States and the most powerful financial ...
  2. Federal Funds Rate

    The interest rate at which a depository institution lends funds ...
  3. Board of Governors

    A board of governors is a several-member group that oversees ...
  4. Monetary Control Act

    Title 1 of a two-title act passed in 1980 that represented the ...
  5. Federal Reserve Regulations

    Rules put in place by the Federal Reserve Board to regulate the ...
  6. Federal Reserve Board - FRB

    The governing body of the Federal Reserve System. The seven members ...
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