 The ICCA was created in 1933 to enable the pooling of financial resources in order to fund or syndicate social-charter investments as well as establishing a lender of last resort scheme for the savings banks.In 1962, ICCA became the savings banks’ formal representative at the Ministry of Finance and turned into the prime instrument for government control over the savings banks.ICCA formally disappeared in 1971, its control and supervision duties were absorbed by the Bank of Spain and its clearing functions by CECA.