SUMMARY
The article deals with Mutual Savings Banks and Savings and Loan Associations, the so-called thrift intermediaries, which have been losing their share of the savings market in recent years. The author analyses the relative decline of the thrift intermediaries over the past decade and and the conditions generating disintermediation, highlighting the problems and policy issues that have emerged. The Report of the President’s Commission on Financial Structure and Regulation is then considered, along with the specific proposals it offers to enable thrift intermediaries to compete effectively and achieve viability as financial institutions. JEL: G20, G21