SAIF

(noun)

One of the two FDIC fund between 1989 and 2006, after which it merged with the Bank Insurance Fund to form the Deposit Insurance Fund in 2006

Examples of SAIF in the following topics:

  • The Savings Association Insurance Fund (SAIF)

    • Between 1989 and 2006, there were two separate FDIC funds–Bank Insurance Fund (BIF), and Savings Association Insurance Fund (SAIF).
    • In the 1990s, SAIF premiums were, at one point, five times higher than BIF premiums; several banks attempted to qualify for the BIF, with some merging with institutions qualified for the BIF to avoid the higher premiums of the SAIF.
    • In the 1990s, SAIF premiums were, at one point, five times higher than BIF premiums.
    • Greenspan proposed "to end this game and merge SAIF and BIF" .
    • Among the highlights of this law was merging the BIF and the SAIF into a new fund, the Deposit Insurance Fund (DIF).