|
EH.Net Encyclopedia: Savings and Loan Industry, US (3693 words) |
 | Second, thrifts in the nineteenth century were very small; the average BandL held less than $90,000 in assets and had fewer than 200 members, which reflected the fact that these were local institutions that served well-defined groups of aspiring homeowners. |
| Thrifts, like banks, suffered from loan losses, but in comparison to their larger counterparts, thrifts tended to survive the 1930s with greater success. |
| Although thrifts were given the ability to pay slightly higher rates than banks, the move signaled an end to the days of easy growth for the thrift industry. |
| Proposed Rule: Certain Thrift Institutions Deemed Not To Be Investment Advisers; Release Nos. 34-49639, IA-2232; File ... (13368 words) |
| Thrifts maintaining their registration under the Advisers Act would also be required to check a box on their Form ADV to indicate that they are actively engaged in business as a thrift institution. |
| Thrifts that would be required to maintain their registration under the Advisers Act and that elected to rely on the rule with respect to certain customer accounts would be required to confirm, in an undertaking in their Form ADV (Schedule D), that they will make all trust department records available to Commission examiners, upon request. |
| Thrifts that would be required to maintain their registration under the Advisers Act would also be required to check a box on their Form ADV that they are actively engaged in business as a thrift institution. |
Feeds |
Contact