Resolution Trust Corporation

E319790

The Resolution Trust Corporation was a U.S. government-owned asset management company established to resolve failed savings and loan institutions during the late-1980s and early-1990s financial crisis.

All labels observed (1)

Label Occurrences
Resolution Trust Corporation canonical 3

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal agency
asset management company
defunct organization
government-owned corporation
public sector organization
appliesToJurisdiction United States of America
surface form: United States
appliesToTaxon savings and loan association
country United States of America
surface form: United States
dissolutionReason completion of statutory mandate
dissolved 1995
fieldOfWork asset disposition
bank resolution
financial crisis management
financedBy Resolution Funding Corporation
United States Department of the Treasury
surface form: U.S. Treasury
foundedBy United States Congress
handles insolvent thrift assets
hasEffect liquidation of failed thrift institutions
sale of real estate and loan portfolios
hasPart regional asset management offices
headquartersLocation Washington, D.C.
inception 1989
industry asset management
financial services
jurisdiction United States government
surface form: United States federal government
legalBasis Financial Institutions Reform, Recovery, and Enforcement Act of 1989
locatedInTheAdministrativeTerritorialEntity District of Columbia
mainSubject savings and loan crisis
notableWork resolution of hundreds of failed thrifts
operatedBy United States government
operatingPeriod early 1990s
late 1980s
operationalScope nationwide in the United States
ownedBy United States government
purpose dispose of assets of insolvent thrifts
resolve failed savings and loan institutions
stabilize the savings and loan industry
regulates failed savings and loan institutions
replaced Federal Savings and Loan Insurance Corporation
replacedBy Federal Deposit Insurance Corporation
shortName RTC
significantEvent early-1990s savings and loan crisis
savings and loan crisis of the 1980s
surface form: late-1980s savings and loan crisis
subsidiaryOf Federal Deposit Insurance Corporation
uses asset securitization
auctions of real estate and loans
bulk asset sales

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Savings and Loan Insurance Corporation replacedBy Resolution Trust Corporation
Public Law 101-73 creates Resolution Trust Corporation