HomeDefinitionsCompareDebt Thrift Institution Advisory Council (TIAC)The financial definition for Thrift Institution Advisory Council (TIAC):A council, established following the passage of the Monetary Control Act of 1980, whose purpose is to provide information and views on the special needs and problems of thrifts. The group is comprised of representatives of savings banks, savings and loan associations, and credit unions. Similar MatchesDepository institutionDepository institutionA financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Although historically they have broadened their powers in recent years. For example, NOW accounts, credit union share drafts and other services similar to checking accounts may be offered by thrift institutions. Depository Institutions Deregulation and Monetary Control ActDepository Institutions Deregulation and Monetary Control ActThe 1980 federal legislation that ended the regulation of the banking industry. Financial institutionFinancial institutionAn enterprise such as a bank whose primary business and function is to collect money from the public and invest it in financial assets such as stocks and bonds. Further SuggestionsFinancial institution buyer credit policyFinancial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) Foreign official institutions Instinet (Institutional Networks Corporation) institution Institutional broker Thrift institution Click to compare definitions of Thrift Institution Advisory Council (TIAC) Click to view definitions beginning th |