Resolution Trust Corporation

(redirected from RTC)
Also found in: Dictionary, Acronyms, Encyclopedia, Wikipedia.

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 ?
To gain an in-depth understanding of RTC food market in India - To identify the on-going trends and anticipated growth in the coming years - To help industry consultants, distributors and dealers align their market-centric strategies - To obtain research based business decision and add weight to presentations and marketing material - To gain competitive knowledge of leading players - To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer's specific needs
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.
8220;Northern region has been continuing its dominance in India's RTC market, however, the country's western and southern region shave also been witnessing significant surge in demand over the last five years.
The only set of circumstances requiring the RTC itself to be compliant is where a system that stays online over the turn of the century is also running software that goes directly to the RTC for its date values.
At the time, sources said the initial termination letters were sent by mistake, but once the tenants, press and politicians rallied, the RTC continued with its actions, simply to test its powers.
But it wasn't as an Investigation by the RTC's inspector general (the office in charge of RTC internal investigations) made clear.
Johnnie Booker, the RTC executive in charge of the program, says joint-venturing became an effective tool, one that allowed smaller firms to pick up experience they would not have received otherwise.
The RTC will produce an asset sales and events calendar that lists auctions and sealed bid offerings of real estate, loans and other assets.
The Government Accounting Office, Congress' watchdog, is expected to release its report card on the RTC at the hearing.
It seems prudent to assume that all of these institutions will require RTC assistance.
StreamServe technology enabled RTC to automate the creation and production of its shipping and e-invoicing documents, significantly reducing business process inefficiencies related to its bill of lading system.
the High Court passed an interim order declaring the strike by RTC employees amounts to disrupting the essential services at a time when there was a ban on strike in both states.