The correct answer is D. savings and loans associations.
Savings and loans associations (S&Ls) are financial institutions that specialize in savings and home mortgage loans. They are also known as thrift institutions or mutual savings banks. S&Ls are regulated by the Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS).
S&Ls were originally created to help people save money and buy homes. They offer a variety of savings accounts, including passbook savings accounts, money market accounts, and certificates of deposit. S&Ls also offer a variety of mortgage loans, including fixed-rate mortgages, adjustable-rate mortgages, and jumbo mortgages.
S&Ls are a type of depository institution, which means that they are regulated by the
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