bond issued by one of the 50 states
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protect peoples savings accounts
U.S. savings bonds
The Federal Deposit Insurance Corporation(FDIC) in the 1930's.
borrow money
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Savings and loan banks
Federal Deposit Insurance Corporation (FDIC)
Cleveland Federal Savings, a savings and loan institution, faced significant financial difficulties during the savings and loan crisis of the late 1980s and early 1990s. In 1993, it was ultimately closed by federal regulators due to insolvency and mismanagement. The institution's assets were subsequently acquired by another financial entity as part of the government's efforts to stabilize the savings and loan industry.
Eureka Federal Savings was created in 1890.
$250,000 A+
$250,000
$250,000
$250,000
Abacus Federal Savings Bank was created in 1984.
In order to be eligible for he Thrift Savings Plan, you have to be a full time employee of the federal government. Beneficiaries can take over the account if one family member passes away and their share is over $200.
Around 1984 - 1985 Continental Federal Savings and Loan was renamed to Continental Federal Savings Bank. In 1993, Continental Federal Savings Bank was acquired by Crestar Bank, which in turn was acquired by SunTrust in 1998.