Resolution Trust Corporation

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Resolution Trust Corporation (RTC)

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

An agency of the United States government that was charged with closing thrifts declared to be insolvent. It also issued bailout bonds and paid for the reorganization and the financing of thrifts that were bankrupt but could still function. It was established by the Financial Institutions Reform, Recovery and Enforcement Act of 1989 and was closed in 1996.

Resolution Trust Corporation (RTC)

A corporation that no longer exists,but had a major impact on U.S. real estate markets. The RTC was formed in the wake of the banking and thrift crisis and bailouts of the mid to late 1980s.As lending institutions were declared insolvent and closed by their various regulatory agencies,the Federal Deposit Insurance Corporation (FDIC) or the Federal Savings and Loan Insurance Corporation (FSLIC,pronounced “fizz-lick”) arranged for payments to depositors and then took over the assets of the failed institutions.The assets could include performing and nonperforming loans, real estate, vehicles, equipment, furniture, and often rare and expensive artwork and accessories.The task of managing and liquidating the assets proved too much, so the government created the RTC to take over those functions.The mandate of the RTC was to liquidate assets, including real estate,as quickly as possible,even if a higher price might be obtained by holding the assets and managing sales over a longer period of time.Billions of dollars of real estate came into the hands of the RTC.The real estate was then sold,often for pennies on the dollar,and as a result many real estate markets were seriously depressed and took years to recover.

References in periodicals archive ?
In February 2018, Judge Patria Manalastas-De Leon of Muntinlupa RTC Branch 206, who was handling case 17-166, filed for early retirement.
He disclosed that the umbrella body on RTC Data Management, the National Crash Report Information system (NCRIS) comprising all the key stakeholders on RTC data will enhance the credibility of RTC data in Nigeria and also better traffic management and Planning.
Pour la telephonie, elle propose une experience enrichie, avec une qualite equivalente voire superieure a celle du RTC. Par exemple l'IP permet de beneficier d'une qualite de communication voix sans egale avec la voix Haute Definition.
'I was told by the (officials from) KPLB today that the ministry has planned to close down all RTCs nationwide (including the one in Rembau), while the Urban Transformation Centres (UTCs) will remain under the purview of the Finance Ministry.
He also wanted the minister to state whether there were any plans to privatise RTC.
In this descriptive study, we analyzed the data in terms of frequencies and percentages for all the epidemiological characteristics of RTC fatalities for the year 2015, disaggregated by sex, using Open-Source statistical analysis package R 3.3.3.
If still the official does not abide by the directions of RTC, the commission then imposes penalty of Rs 25,000 to 50,000 on him/her besides awarding two years imprisonment, the spokesman told.
RTC has plunged in to a deep crisis at a time when only four days were left for the formal division of the corporation between the two states.
Putting their collective experience in product design to good use, the team have worked with RTC North to develop an underwater product that helps marine and offshore businesses clean their surfaces thoroughly, including the removal of barnacles.
The Enactment of FIRREA and the Beginnings of the RTC
The overall purpose of the evaluation was to assess the implementation of the PTSD RTC at treatment facilities with female juvenile offenders and to evaluate the effect of the intervention on participants.
Jones is the leading chief petty officer of the Education Training Evaluation Division, Recruit Training Command (RTC), Naval Station Great Lakes, and also serves as an instructor for the Naval Basic Orientation Division where he teaches recruits leadership, Navy Core Values and various Navy management skills.