Resolution Trust Corporation - RTC

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Dictionary Says

Definition of 'Resolution Trust Corporation - RTC'

A temporary federal agency established under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA), enacted on Aug. 9, 1989, to resolve the savings and loan (S&L) crisis of the 1980s.

The Resolution Trust Corporation (RTC) had a mission to resolve all thrifts placed under conservatorship or receivership between Jan. 1, 1989, and Aug. 8, 1992. The S&L or thrift industry crisis had resulted in the biggest collapse of U.S. financial institutions since the 1930s. The RTC accomplished its mission by closing, selling or merging troubled thrifts and disposing of assets in an expeditious manner.

Investopedia Says

Investopedia explains 'Resolution Trust Corporation - RTC'

By mid-1995, the RTC had resolved 747 thrifts, with total assets of $394 billion. The RTC's authorization to take over thrifts was extended twice, because of the magnitude of the S&L crisis. The RTC ceased operations on Dec. 31, 1995.
Search results for

'Resolution Trust Corporation (RTC)'

  • From Booms To Bailouts: The Banking Crisis Of The 1980s

    http://www.investopedia.com/articles/financial-theory/banking-crisis-1980s.asp
    ... The Office of Thrift Supervision (OTS) was established, with the authority to charter
    and regulate S&Ls, and the Resolution Trust Corporation (RTC) was setup ...

  • Credit Crisis: Historical Crises | Investopedia

    http://www.investopedia.com/university/credit-crisis/credit-crisis2.asp
    ... corner of the financial system approached insolvency, the federal government formed
    the Resolution Trust Corporation (RTC) to rescue the industry in 1989. ...

  • Examining Credit Crunches Around The World

    http://www.investopedia.com/articles/economics/08/credit-crunches-around-the-world.asp
    ... As losses in the industry mounted, the federal government formed the Resolution
    Trust Corporation (RTC) and orchestrated a rescue of the industry. ...

  • Liquidity And Toxicity: Will TARP Fix The Financial System?

    http://www.investopedia.com/articles/economics/08/tarp-financial-system.asp
    ... financial system has been compared to the Resolution Trust Corp ... The Resolution Funding
    Corp ... comparison comes from the Home Owners Loan Corporation (HOLC), which ...

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