Federal Savings and Loan Insurance Corporation (FSLIC) - abolished by FIRREA in 1989. The functions of the FSLIC were split between the FDIC and the OTS. Similar to the FDIC, the FSLIC insured depositors in federally chartered savings and loan institutions against losses up to $100,000 per separate account in the event of a savings and loan failure. Member S&Ls paid the premiums. As with the FDIC, during a wave of S&L failures in the 1980s, the FSLIC covered nearly all depositor loss, regardless of the size of the deposit. See also Federal Deposit Insurance Corporation, Federal Savings and Loan Association  Office of Thrift Supervision, and the Savings Association Insurance Fund .

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