Definitions for "Savings Association Insurance Fund"
Keywords:  saif, fslic, fdic, thrift, bailout
SAIF. Entity created in 1989 as part of the savings and loan bailout. Provides deposit insurance to thrifts.
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.
see Insurance The fund that provides deposit insurance for savings institutions. SAIF was authorized by Congress in 1989 to take over the thrift deposit insurance role held by the former Federal Savings and Loan Insurance Corporation (FSLIC). SAIF is administered by the Federal Deposit Insurance Corporation (FDIC).
Keywords:  executive, trade, association
Savings Association Trade Executive