REFCORP


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Resolution Funding Corporation (RefCorp)

A government agency established by Congress in 1989 to issue bailout bonds and raise funds for the activities of the Resolution Trust Corporation, as well as to administer struggling institutions inherited from the disbanded Federal Savings and Loan Corporation.

Resolution Funding Corporation

An agency established by the Financial Institutions Reform, Recovery and Enforcement Act of 1989 to fund the Resolution Trust Corporation, which in turn was charged with bailing out insolvent savings & loan associations. REFCORP funded its own activities by issuing zero-coupon bonds through the US Treasury.

REFCORP

References in periodicals archive ?
Achieve a level of net income that limits the burden of REFCORP payments and provides a sufficient dividend to attract and retain members committed to housing finance;
In accordance with the Bank's Retained Earnings and Dividend Policy, the Bank retains in restricted retained earnings the cumulative net gains on these financial instruments, including certain other gains and losses that are deferred and amortized for dividend purposes (after REFCORP and AHP assessments and other adjustments).
The increase reflected growth in net interest income and other income, partially offset by increased assessments for the REFCORP and the AHP.
In accordance with the Bank's Retained Earnings and Dividend Policy, the Bank retains the net unrealized fair value gains on these financial instruments, after REFCORP and AHP assessments, in restricted retained earnings.