savings and loan association

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Related to Thrift institutions: Savings institutions

savings and loan association

n. Abbr. S & L
A financial institution, organized cooperatively or corporately, that holds the funds of its members or clients in interest-bearing accounts and certificates of deposit, invests these funds chiefly in home mortgage loans and may also offer checking accounts and other banking services.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

savings and loan association

n
(Banking & Finance) a US name for a building society
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

sav′ings and loan′ associa`tion


n.
a government-regulated savings institution in which deposits are exchanged for shares of ownership and funds are invested chiefly in home mortgages.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.savings and loan association - a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
thrift institution - a depository financial institution intended to encourage personal savings and home buying
building society - British equivalent of United States savings and loan association
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The council represents commercial banks, thrift institutions and credit unions with assets under $10 billion and headquarters in the Second District, which includes Northern New Jersey; New York; Fairfield County, Conn.; Puerto Rico; and the U.S.
Olson will serve a three-year term beginning in October.The CDIAC is a 12-member council composed of representatives from commercial banks, thrift institutions and credit unions.
financial system by insuring deposits in banks and thrift institutions, identifying risks and limiting the effect on the economy and the financial system when a bank or thrift institution fails.
NYBA represents community, regional and money centre commercial banks and thrift institutions in New York State with 200,000 employees and more than USD10 trillion in aggregate assets.
Council members serve staggered terms and are senior executives of banks, thrift institutions and credit unions from across the Eighth District, which is comprised of the state of Arkansas, and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.
The Council is composed of representatives from commercial banks, thrift institutions, and credit unions in the Fourth Federal Reserve District.
In addition to his work on behalf of RBFCU, Smith has served as an advisor to the Federal Reserve Board on the Thrift Institutions Advisory Council and the Community Depository Institutions Advisory Council.
The second notice proposes changes to the agencies' Advanced Approaches capital regulation to reflect other aspects of Basel III and would apply the agencies' Market Risk capital regulations to thrift institutions and thrift holding companies.
financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
The recent slowdown in residential construction could reduce the demand for mortgages, commercial real estate and construction loans--activities that have been important factors in loan growth for banks and thrift institutions in recent years, according to a report by the Federal Deposit Insurance Corporation (FDIC).
Further detailed are the federal reserve system; regulation of the banking market, securities market, and insurance; thrift institutions; pension funds, retirements accounts, and social security; and current controversies.