Examples of FSLIC in a sentence
In the event that the City provides the Provider with a cash advance or makes a lump sum payment, the Provider shall deposit all project funds in a Hartford financial institution with adequate FDIC or FSLIC coverage, and the balance exceeding the FDIC coverage shall be secure.
Any money advanced to the LRO under the terms of this award must be deposited in a checking account in a bank with Federal Deposit Insurance Corporation (FDIC) or Federal Savings & Loan Insurance Corporation (FSLIC) insurance coverage (whose responsibility has been taken over by FDIC), and the balance exceeding the FDIC or FSLIC coverage must be collaterally secured.
In addition, designated depositories shall maintain maximum FDIC or FSLIC coverage of all Borough funds on deposit.
In addition, designated depositories shall maintain maximum FDIC or FSLIC coverage of all Township funds on deposit.
All depositories shall obtain the highest amount possible FDIC and or FSLIC coverage of all Municipal Assets (Demand and Certificate of Deposit).
The financial institution so approved by the Court shall be insured either by the Federal Deposit Insurance Corporation (F.D.I.C.) or by the Federal Savings and Loan Insurance Corporation (F.S.L.I.C.) The Court shall continue the case to a specific date for the purpose of having a voucher from the financial institution filed.
Investments will be made only in securities guaranteed by the U.S. government, or in FDIC or FSLIC insured institutions.
Additionally, the firm has served as trial counsel for the FSLIC and FDIC in numerous cases arising from Louisiana, Texas and Florida bank and thrift failures.
Gulotta, Jr. represented the FSLIC in litigation arising from the collapse of Gulf Federal Savings Bank in Metairie, Louisiana, obtaining a $35 million verdict against Gulf's former attorney and board chairman.
The GRANTEE shall deposit any advance payments of grant funds in an account in a bank or other financial institution insured by the FDIC or FSLIC until such time as they are expended.