Savings Association Insurance Fund. Successor insurance fund to FSLIC, this fund insures the deposit accounts of federally insured savings associations. The SAIF, which is separate from the Bank Insurance Fund (BIF), is administered by the FDIC.
SAVINGS ASSOCIATION INSURANCE FUND. The fund operated through the Federal Deposit Insurance Corporation (FDIC) which insures deposits of savings and loan associations. SAIF was created as part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 and replaced the Federal Savings and Loan Insurance Corporation (FSLIC).