Unitary Thrift

DEFINITION of 'Unitary Thrift'

A company that controls a single savings-and-loan association. Unitary thrifts resemble bank holding companies in some respects, but their financial powers are broader in scope. They are authorized to engage in any type of industrial or commercial business.

BREAKING DOWN 'Unitary Thrift'

Unitary thrifts are allowed to open branches anywhere in the U.S. They can also allocate up to 20% of their assets to commercial loans. Because they are still thrift institutions, they must hold at least 65% of their assets in qualified thrift investments, such as residential mortgages or mortgage-backed securities.

RELATED TERMS
  1. Thrift

    Thrifts are savings and loans associations. Thrifts also refer ...
  2. Thrift Bank

    A financial institution focusing on taking deposits and originating ...
  3. Call Report

    A report that must be filed by all regulated financial institutions ...
  4. Agency Matching Contributions

    A benefit that federal government employees receive under the ...
  5. Net-Worth Certificate

    An instrument used by the FDIC starting in 1982 as part of an ...
  6. Depository Institutions Act of ...

    A law passed by Congress with the intent of making savings and ...
Related Articles
  1. Investing

    2 Thrift Conversions for Your Portfolio (CHFN, WBB)

    Buying the stocks of these boring little banks can lead to very exciting profits.
  2. Personal Finance

    From Booms To Bailouts: The Banking Crisis Of The 1980s

    The economic environment of the late 1970s and early 1980s created the perfect storm for a banking crisis.
  3. Markets

    Federal Deposit Insurance Corporation (FDIC)

    The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions.
  4. ETFs & Mutual Funds

    The Top 5 Bank ETFs for 2016 (KBE, KRE)

    Read detailed analyses of the top five banking exchange-traded funds (ETFs), and learn why they may be poised to rise due to the increase in interest rates.
  5. Managing Wealth

    The Role of Commercial Banks in the Economy

    We interact with commercial banks daily to carry out simple financial tasks. That said, the function and creation of a commercial bank is anything but simple.
  6. Markets

    What's a Commercial Bank?

    A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes business, personal and mortgage loans; and offers basic financial products ...
  7. ETFs & Mutual Funds

    KBE: SPDR S&P Bank ETF

    Explore analysis of the SPDR S&P Bank ETF, and learn how the ETF tracks the banking sector and how investors can benefit from this ETF.
  8. ETFs & Mutual Funds

    KBWB: PowerShares KBW Bank ETF

    Consider an examination and analysis of the PowerShares KBW Bank Portfolio ETF, considered one of the primary financial sector ETFs.
  9. Markets

    Financial Regulators: Who They Are And What They Do

    Find out how these government agencies govern the financial markets.
  10. Personal Finance

    The Reality of Commercial Real Estate Loans

    It’s corporations and partnerships that most commonly take out commercial real estate loans.
RELATED FAQS
  1. Is a Thrift Savings Plan (TSP) a qualified retirement plan?

    Take advantage of the government's retirement plan for employees with the Thrift Savings Plan. As with a 401(k), contributions ... Read Answer >>
  2. What is the difference between a savings & loan company and a bank?

    Find out how a savings and loan company, sometimes also known as a thrift or savings institution, focuses on different types ... Read Answer >>
  3. How does investment banking differ from commercial banking?

    Discover how investment banking differs from commercial banking, the responsibilities of each and how the two can be combined ... Read Answer >>
  4. What's the difference between investment banks and commercial banks?

    Understand the principal differences between investment banks and commercial banks, and the areas of banking services that ... Read Answer >>
  5. What are the major categories of financial institutions and what are their primary ...

    Understand the various types of financial institutions that exist in today's economy, and learn the purpose each serves in ... Read Answer >>
  6. To what extent do banks have exposure to different business lines?

    Learn how banks are exposed to risk and what the different types of exposure mean. Find out about the 2014 U.S. commercial ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center