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).
A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions.
The Federal Deposit Insurance Corporation (FDIC) insurance fund for deposits in savings and loan associations.
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).
savings bank savings deposits
SAIF The Federal fund responsible for protecting depositors in thrift institutions from losses due to closing of the institution.