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FSLIC
(redirected from Federal Savings and Loan Insurance Corporation)

   Also found in: Financial, Wikipedia 0.01 sec.
FSLIC
abbr.
Federal Savings and Loan Insurance Corporation


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Categories: Financial Management, Accounting standards, Auditing procedures, Auditing standards, Financial analysis, Financial institutions, Financial management, Financial statement audits, Financial statements, Funds management, Internal controls, Reporting requirements, Deposit Insurance Fund, Federal Savings and Loan Insurance Corporation Resolution Fund
The court also rejected the Tax Court's application of Lincoln Savings & LoanAss'n, 403 US 345 (1971), in which the Supreme Court held that payments a bank made to a reserve fund of the Federal Savings and Loan Insurance Corporation created a separate and distinct asset that required capitalization.
banks and savings institutions must contribute to paying off the $780 million annual interest payments on $8 billion of Financing Corporation (FICO) bonds that were issued in the late 1980s to bail out the savings and loan industry by recapitalizing the defunct Federal Savings and Loan Insurance Corporation.
 
 
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