Federal Savings and Loan Insurance Corporation Profile: Federal Savings and Loan Insurance Corporation a.k.a. FSLIC Events (3) June 27, 1934: FSLIC Is Formed to Administer Deposit Insurance for S&L Institutions 1934-06-27 May 14, 1982: Senator Garn Introduces Bill in Reply to Representative St. Germain’s ‘Net Worth Guarantee Act’ 1982-05-14 1967: Texas Approves Major Liberalization of S&L Powers