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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle.It was the parent company of WaMu Bank, which was the largest savings and loan association in the United States until its collapse in 2008.
Great American Bank was an American savings and loan association based in San Diego. [ 1] It was founded in 1885 as San Diego Building and Loan Association, the first savings and loan in Southern California. [ 2] Until the 1980s, it operated as San Diego Federal Savings and Loan Association. Federal regulators seized and disbanded the bank in 1991.
In the first quarter of 2024, there were 4,012 commercial banks and 556 savings and loan associations in the U.S. insured by the Federal Deposit Insurance Corporation (FDIC) with US$23.957 trillion in assets. [1]
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From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831–1995 (Cambridge University Press, 2004). Meltzer, Allan H. A History of the Federal Reserve (2 vol. U of Chicago Press, 2010). Murphy, Sharon Ann. Other People's Money: How Banking Worked in the Early American Republic (2017) online review
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The top 10% richest American households had an average of $8.1 million in all assets put together, which may include real estate, cash value life insurance, savings bonds etc.
The average consumer had about $10,228 in income left over after taxes and expenses in 2022, according to a recent Consumer Expenditure Survey published by the U.S. Bureau of Labor Statistics. The ...