thrift institution

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Noun1.thrift institution - a depository financial institution intended to encourage personal savings and home buying
banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"
savings and loan, savings and loan association - a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
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.
The conversion to a commercial bank charter is an important step in our evolution from a traditional thrift institution focused primarily on residential-mortgage and construction lending to a full-service commercial and consumer bank.'
The loan was placed for a 10-year term with a 30-year amortization with a major thrift institution.
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 quality of syndicated bank credits showed continued improvement this year, according to the Shared National Credit (SNC) review released on September 15, 2005, by federal bank and thrift institution regulators.
Mckenzie, 1994, "Thrift Asset-Class Returns and the Efficient Diversification of Thrift Institution Portfolios", Real Estate Economics, 22:95-116
A federally chartered thrift institution receives certain favored tax treatment and access to lower cost federal funds in return for which it must focus its business primarily on mortgage loans.
Or take the Federal Savings and Loan Insurance Corporation (FSLIC), which insures the savings of thrift institution depositors.
Government Securities, a Florida investment firm, to engage in high-states gambling; they encouraged Marvin Warner, the principal stockholder of Home State Savings Bank of Cincinnati, Ohio's largest state-chartered thrift institution, to stake his bank on E.S.M.'s speculation; and they insured that Federal banking officials would no try too hard to find out what was going on.
Prior to that, he held a variety of leadership positions in audit and risk management for a local national thrift institution based in Seattle for 18 years.
To preserve minority ownership of the thrift institution, Congresswoman Maxine Waters (D-CA) and the community's other political, religious, and business leaders "encouraged BBoC to participate in a process that ultimately concluded in the merging with Family," says Cohee.
One opportunity for tax reduction is the amortization of the core deposit intangible asset, which is created when a financial institution pays a premium above the outstanding account balances to acquire the core deposits of a bank or thrift institution. The acquisition premium paid above the outstanding account balances for the core deposits is considered as paid for goodwill unless the taxpayer can demonstrate the existence of an intangible asset whose value is separable from goodwill and whose life is of a limited duration.