How did high interest rates affect savings and loans in the 1980s

Question

History

Tatum Randolph

15 May, 10:17

How did high interest rates affect savings and loans in the 1980s

+4

Answers (1)

Know the Answer?

Aleah Berger · Answer 1

It was the failure of about 747 out of the 3,234 savings and loan associations in the United States.

(Causes)

Tax Reform Act of 1986

Deregulation

Imprudent real estates lending

Brokered deposits

End of inflation

Major causes according to United States Leauge of Savings

Institutions.

(Failures)

Home State Savings Bank of Cincinnati

Midwest Federal Savings & Loan of Minneapolis, Minnesota

Lincoln Savings and Loan