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Thrift institution |
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Thrift institutionA US depository organisation for savings including savings and loan associations and mutual savings banks. Deposits are in the main used for home mortgage loans.Thrift institutionAn organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions.Thrift institution Similar MatchesDepository institutionDepository institutionA financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Although historically they have broadened their powers in recent years. For example, NOW accounts, credit union share drafts and other services similar to checking accounts may be offered by thrift institutions. International financial institutionInternational financial institutionUsually refers to intergovernmental organizations dealing with financial issues, most often the IMF and/or the World Bank. Financial institutionFinancial institutionAn enterprise such as a bank whose primary business and function is to collect money from the public and invest it in financial assets such as stocks and bonds. Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA)Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA)Legislation that established the Office of Thrift Supervision, which was created in the wake of the savings and loan crisis of the late 1980s. Thrift Institution Advisory Council (TIAC)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. Further SuggestionsForeign official institutionsInstitutional Lenders financial institution Instinet (Institutional Networks Corporation) institutional investor Institutional broker institution Financial institution buyer credit policy Depository Institutions Deregulation and Monetary Control Act |
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