Abstract
Failures of banks and savings and loans were relatively rare events in the U.S. during the 1950’s, 60’s, and 70’s. The thrift industry did suffer significantly from the first interest rate crunch in 1966, and in subsequent periods of high interest rates, such as in 1974 and 1979. To protect the thrift institutions from commercial bank competition during such periods, governmentally set ceilings on deposit interest rates were made binding on commercial banks and imposed on thrift institutions in 1966.
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© 1990 Kluwer Academic Publishers
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Horvitz, P.M. (1990). The Collapse of the Texas Thrift Industry: Causes of the Problem and Implications for Reform . In: Kaufman, G.G. (eds) Restructuring the American Financial System. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2197-9_7
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DOI: https://doi.org/10.1007/978-94-009-2197-9_7
Publisher Name: Springer, Dordrecht
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