Federal Savings and Loans may be owned either by stockholders, who can trade their shares on stock exchanges, or by depositors, in which case the associations are considered mutual organizations. Federal Savings and Loans are members of the Federal Home Loan Bank System. After deregulation, S&Ls expanded into nonhousing-related financial services such as discount stock brokerage, financial planning, credit cards, and consumer loans.
See also financial supermarket; mutual association; office of thrift supervision (OTS); Savings and Loan Association.
| Federal Reserve System, Federal Reserve Open Market Committee | |
| Federal Savings and Loan Insurance Corporation (FSLIC), Federal Surplus |
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
