Answer: Insures deposits in savings and loan corporations.
Step-by-step explanation:
The Federal Savings and Loan Insurance Corporation (FSLIC) used to manage deposit insurance for savings and loan organizations.
During the 1980s savings and loan crisis, the FSLIC became insolvent and had to be recapitalized with taxpayer funds on many occasions. By 1989, following the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), the FSLIC was eliminated and its responsibility assigned to the FDIC.