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Federal Savings and Loan Insurance Corporation (G2)<br />Founded in 1934 to insure shareholders in federal savings and loan associations (THRIFTS). Its overseer is the FEDERAL HOME LOAN BANK BOARD. It insures savings up to $100,000 in amount and is financed by the premiums paid by insured financial institutions and by interest received on its own investments. It is also authorized to
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<strong>Leave of Absence (LOA)</strong> – An approved leave of absence is a break in enrollment, not including a regularly scheduled semester break or spring break, that is requested by the student and approved by the school. The student' s request must be in writing and must include the reason for the leave. An LOA cannot exceed 180 days in any 12-month period.
gold market (G1)<br />The market with official and private dealings in gold coin and bullion. In March 1968, US monetary authorities persuaded European authorities to separate private and monetary gold markets, creating a two-tier market. The USA wanted South Africa to sell all its gold to the private market so that the price would come down to $30 or $32 to shake central banks' confidence in gold. However, world inflation made gold a popular private holding and so its price approached $70 by mid1972; by September 2001 the price had exceeded over $290. The London Gold Market was run by five firms since 1919, namely N.M. Rothschild, Samuel Montagu, Mocatta and Goldsmid, Sharps, Pixley and Westpac (formerly Johnson Matthey Bankers). Internationalization of financial markets brought about proposals to admit foreign traders. There is now the London Bullion Market Association with seven clearers.
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<strong>Institutional aid</strong> – Financial aid programs created, funded, and administered by any given postsecondary institution.
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