Savings Association Insurance Fund - SAIF

Savings Association Insurance Fund - SAIF

A government insurance fund for savings and loans and thrift institutions in the United States that protects depositors from losses due to institutional failure. The Savings Association Insurance Fund was created in the aftermath of the savings and loan crisis in the 1980s, during which poor real estate investments shut down many of America's savings and loan institutions. The SAIF was to provide similar coverage as the FDIC did for bank accounts, and was run by the FDIC until 2006.

The Savings Association Insurance Fund replaced the Federal Savings and Loan Insurance Corporation, which became insolvent during the 1980s. The insurance fund was merged with another one of the FDIC's administered funds, the Bank Insurance Fund (BIF), after the passage of the Federal Deposit Insurance Reform Act of 2005.

Investment dictionary. . 2012.

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  • Savings Association Insurance Fund — /ˌseɪvɪŋz əˌsəυsieɪʃ(ə)n ɪn ʃυərəns fʌnd/ noun an insurance fund set up in 1989 to provide insurance to savings and loan associations. Abbreviation SAIF …   Dictionary of banking and finance

  • Savings Association Insurance Fund — ( SAIF) A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions . Bloomberg Financial Dictionary …   Financial and business terms

  • Bank Insurance Fund (BIF) — A unit of the FDIC that provides insurance protections for banks that are not classified as a savings and loan association. As with all FDIC protection, the BIF provides coverage of up to $250,000 per customer account for insolvent banks. The BIF …   Investment dictionary

  • Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom …   Wikipedia

  • Savings and loan crisis — The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S L crisis) was the failure of 747 savings and loan associations (S Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around… …   Wikipedia

  • SAIF — Savings Association Insurance Fund Short Dictionary of (mostly American) Legal Terms and Abbreviations …   Law dictionary

  • SAIF — Savings Association Insurance Fund Страховой фонд сберегательных ассоциаций …   Финансово-инвестиционный толковый словарь

  • SAIF — See: Savings Association Insurance Fund …   Financial and business terms

  • SAIF — abbreviation savings association insurance fund …   Dictionary of banking and finance

  • Federal Deposit Insurance Corporation — FDIC …   Wikipedia

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