TeachMeFinance.com - explain Savings Association Insurance Fund (SAIF)
Savings Association Insurance Fund (SAIF) -- the fund that provides deposit insurance for savings institutions. SAIF was authorized by Congress in 1989 to take over the thrift deposit insurance role held by the former Federal Savings and Loan Insurance Corporation (FSLIC). SAIF is administered by the Federal Deposit Insurance Corporation (FDIC).
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