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savings and loan association

(Encyclopedia)savings and loan association (S&L), type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The fir...

building and loan association

(Encyclopedia)building and loan association: see savings and loan association. ...

savings bank

(Encyclopedia)savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its deposi...

loan

(Encyclopedia)loan, in business, sum of money borrowed at a particular interest rate. More generally, it refers to anything given on condition of its return or repayment of its equivalent. A loan may be acknowledge...

Federal Deposit Insurance Corporation

(Encyclopedia)Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $250...

association

(Encyclopedia)association, in psychology, a connection between different sensations, feelings, or ideas by virtue of their previous occurrence together in experience. The concept of association entered contemporary...

Resolution Trust Corporation

(Encyclopedia)Resolution Trust Corporation (RTC), in U.S. history, government-owned company formed in 1989 to liquidate the assets of insolvent savings and loan associations (S&Ls). Essentially a huge property-...

Keating, Charles Humphrey, Jr.

(Encyclopedia)Keating, Charles Humphrey, Jr., 1923–2014, American banker, b. Cincinnati, grad. Univ. of Cincinnati College of Law (1948). Keating was a partner (1952–72) in a law firm he founded with his brothe...

Federal National Mortgage Association

(Encyclopedia)Federal National Mortgage Association (FMNA), commonly known as Fannie Mae, government-sponsored enterprise that is the largest purchaser and guarantor of home mortgages in the country. Headquartered ...

banking

(Encyclopedia)banking, primarily the business of dealing in money and instruments of credit. Banks were traditionally differentiated from other financial institutions by their principal functions of accepting depos...