The latest FSLIC is actually based to add insurance policies for those depositing its hard-received fund into S&Ls. Whenever S&L banking institutions were not successful, the fresh FSLIC is leftover with a beneficial $20 mil financial obligation you to usually remaining this provider broke, as superior paid off with the insurance company decrease far lacking liabilities. Adopting the FSLIC’s dissolution during the 1989, the latest duties of your defunct establishments had been gone to live in the brand new Government Deposit Insurance rates Business (FDIC) that manages and insures dumps today.