To increase the ability of S&Ls to expand the sources of funding available to bolster their capital, legislation facilitated the conversion of mutually owned companies into a corporate stock ownership structure.

Question

Quizplus · Accepted Answer

The statement accurately describes the legislation that was passed to help S&Ls expand their funding sources. The legislation allowed mutually owned companies to convert into a corporate stock ownership structure, which increased the availability of capital for these institutions.

To Increase the Ability of S&Ls to Expand the Sources