Resolution Trust Corporation. A government agency established in 1989 and disbanded in 1996 that administered federal savings and loan institutions that were insolvent between 1989 and August 1992 by either bailing them out or merging them.
Resolution Trust Corporation. A government agency responsible for managing and resolving the affairs of insolvent savings and loan associations placed into receivership by the FDIC. This includes the liquidation, operation and sale of thrift institutions and thrift assets.
See RESOLUTION TRUST CORPORATION.
Resolution trust corporation. Federal agency created by the Financial Institutions Re- form, Recovery and Enforcement Act of 1989 to oversee management and liquidation of assets of failed savings and loan associations.
Resolution trust corporation. A temporary federal government corporation chartered by congress in 1989 and affiliated with the fdic that: (1) ensures that customers of failed thrifts have access to their insured deposits, and (2) disposes of the assets of failed thrifts. The rtc receives overall policy guidance from the thrift depositor protection oversight board. The rtc was scheduled to finish its work and go out of business by december 31, 1995, and stopped accepting newly failed institutions on june 30, 1995. All subsequent business was to be handled by the fdic.... read full article
RESOLUTION TRUST CORPORATION. a federal agency created by FIRREA to manage and resolve insolvent savings and loan associations placed into its conservatorship or receivership. The agency is supervised by the Federal Deposit Insurance Corporation.
Resolution Trust Corporation. The agency established by Congress to oversee the management and disposition of failed savings and loans and their assets.
The Resolution Trust Corporation.
A federal agency created as part of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 to contain, manage and sell failed savings institutions and recover taxpayer funds through the management and sale of the institutions' assets. The RTC ceased operations in 1996; some of its functions were assumed by the FDIC.
Resolution Trust Corporation. Federal agency, which was created by Firrea to manage or liquidate insolvent savings and loan associations that, have been placed into receivership. The RTC is supervised by the Federal Deposit Insurance Corporation.
Formed to resolve thrift failures over the next three years and dispose of their assets and liabilities.
Resolution Trust Corp.. The RTC was established by Congress in 1989 to contain, manage and sell failed savings institutions and recover taxpayer funds through the management and sale of the institutions' assets.