The Federal Savings and Loan Insurance Corporation is responsible for insuring savings up to $100,000 per account in insured state and federal savings and loans. This article examines whether adequate funds are available to meet the risk associated with the guarantee and analyzes whether FSLIC is an insurance mechanism ora financial intermediary.
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References
1.
BiddleCraig J., “Federal S&Ls Suffer Loss of $1.5 Billion,”Florida Realtor (January 1982), p. 6; idem, “S&L August Deposit Loss $1.3 Billion,”Florida Realtor (January 1982), p. 48.
2.
BrooksAndrew, “Mortgage Foreclosures on the Rise,”Tallahassee Democrat (1 November 1981), p. D-1.
3.
MurrayDavid L., “S&L Struggle To Adjust in ‘New Economic Era,’”Realtor News (January 1982), p. 9.
4.
Ibid.
5.
EwingSamuel D.Jr., “Federal Savings and Loan Insurance Corporation,”Federal Home Loan Bank Board Journal Annual Report (1979), p. 12.
6.
United States League of Savings Associations, '81 Savings and Loan Source Book (Chicago, Illinois: United States League of Savings Associations, 1981), p. 15.
7.
HortonJoseph, “A Critical Analysis of Asset-Based Risk-Related Capital Requirements for Savings and Loan Associations,” Research Working Paper No. 83 (Office of Economic Research, Federal Home Loan Bank Board, January 1979), p. 17.
8.
CassidyHenry J., “An Approach for Determining the Capital Requirements for Savings and Loan Associations,” Research Working Paper No. 97 (Office of Policy and Economic Research, Federal Home Loan Bank Board, May 1980), p. 14.
9.
Ibid., p. 12.
10.
Ibid., p. 7.
11.
Ibid., p. 4.
12.
Horton, op. cit., p. 29.
13.
U.S. League of Savings Associations, op. cit., p. 13.
