RTC
E1039783
RTC was a U.S. government-owned asset management company created in 1989 to resolve the savings and loan crisis by liquidating insolvent thrifts and disposing of their assets.
All labels observed (1)
| Label | Occurrences |
|---|---|
| RTC canonical | 1 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal government agency
ⓘ
government-owned asset management company ⓘ |
| alsoKnownAs | RTC NERFINISHED ⓘ |
| assetDispositionMethods |
auctions
ⓘ
bulk sales ⓘ securitizations ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdInResponseTo | widespread insolvency of savings and loan institutions in the 1980s ⓘ |
| dateFounded | 1989 ⓘ |
| dissolved | 1995 ⓘ |
| foundedBy | United States Congress ⓘ |
| fullName | Resolution Trust Corporation NERFINISHED ⓘ |
| function |
asset liquidation
ⓘ
asset management ⓘ receivership of failed thrifts ⓘ |
| governance | board of directors ⓘ |
| governmentOwnership | wholly owned by the U.S. government ⓘ |
| handledAssetTypes |
mortgage-backed assets
ⓘ
other financial assets ⓘ real estate loans ⓘ real estate owned properties ⓘ |
| handledInstitutionType |
savings and loan association
ⓘ
thrift institution ⓘ |
| headquartersLocation | Washington, D.C. ⓘ |
| industry | financial services ⓘ |
| jurisdiction |
United States of America
ⓘ
surface form:
United States
|
| legalBasis | Financial Institutions Reform, Recovery, and Enforcement Act of 1989 NERFINISHED ⓘ |
| mainActivity |
management and disposition of assets of failed thrifts
ⓘ
resolution of insolvent savings and loan institutions ⓘ |
| notableImpact |
reduced number of savings and loan institutions in the United States
ⓘ
restructured the U.S. thrift industry ⓘ |
| operationalStatus | defunct ⓘ |
| oversightBy |
Federal Deposit Insurance Corporation
NERFINISHED
ⓘ
United States Congress NERFINISHED ⓘ |
| parentOrganization | United States government NERFINISHED ⓘ |
| purpose |
dispose of assets of failed thrifts
ⓘ
liquidate insolvent savings and loan associations ⓘ resolve the savings and loan crisis ⓘ |
| regulatoryContext | U.S. thrift industry regulation ⓘ |
| relatedOrganization | Federal Savings and Loan Insurance Corporation NERFINISHED ⓘ |
| relatedToEvent | savings and loan crisis ⓘ |
| replaced | some functions of the Federal Savings and Loan Insurance Corporation ⓘ |
| sector | public sector ⓘ |
| shortName | RTC NERFINISHED ⓘ |
| successor | Federal Deposit Insurance Corporation NERFINISHED ⓘ |
| timePeriod |
early 1990s
ⓘ
late 1980s ⓘ |
| typeOfCrisisAddressed |
banking crisis
GENERATED
ⓘ
financial crisis GENERATED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.