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  • What is a federal Discounts and Loan (S&L)?

    What is a federal Discounts and Loan (S&L)? The phrase government savings and you may financing (S&L) identifies a financial institution you to definitely focuses on taking examining and you may discounts account, fund, and home-based mortgages so you can consumers. These organizations are also known as thrifts-borrowing from the bank unions and you will…