The great bulk of the Federal Savings and Loan Insurance Corporation debt was incurred legally - making good on insured accounts.

So great was the demand for the insured accounts that the assets in money market funds shrank by more than a third.

Not since April 1983 have banks offered a higher rate on insured accounts than that available on money funds, Mr. Bent said.

Storehouses for Savings In addition to lending, banks provide a place for millions of depositors, small and large, to keep their money in insured accounts.

IDAs also allow individuals to make deposits into insured and interest-bearing savings accounts.

Other proposals would return the ceiling on insured accounts to $40,000.

Reflecting investors' uneasiness about the stock market, deposits poured into insured accounts at savings and loan institutions in October, the Government reported today.

Pension funds now subdivide their multimillions into smaller amounts representing each pensioner, and deposit those amounts in insured accounts.

Deposits poured into insured accounts at savings institutions in October, as investors sought a safe place for their funds.

Insurance on Other Accounts Mr. Glauber also said the Administration was committed to limiting the number of insured accounts for each depositor.