Thrift Institution Advisory Council (TIAC)


 

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Thrift Institution Advisory Council (TIAC)

A council, established following the passage of the Monetary Control Act of 1980, whose purpose is to provide information and views on the special needs and problems of thrifts. The group is comprised of representatives of savings banks, savings and loan associations, and credit unions.



Thrift Institution Advisory Council (TIAC)

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A financial institution which invests large amounts of money in the stock, bond and other financial markets. e.g. a pension or insurance fund. Contrast with an individual or 'retail' investor investing his or her own money.


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A US depository organisation for savings including savings and loan associations and mutual savings banks. Deposits are in the main used for home mortgage loans.


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An institution which accepts funds from the public and reinvests in bank deposits, bonds and stocks etc. These include banks and insurance companies. In the UK a building society would be included.


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An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.


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