Thrifts

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August 31, 2024 5 min read Definitions

Resolution Trust Corporation: A Federal Agency for Winding Up Bankrupt Thrifts

Finance Banking RTC Resolution Trust Corporation FDIC Thrifts Deposit Insurance

The Resolution Trust Corporation (RTC) was a US federal agency established in 1989 to manage the closure and resolution of bankrupt thrifts, funded by the federal government and supervised by the FDIC. In 1995, its responsibilities were transferred to the Savings Association Insurance Fund, now the Deposit Insurance Fund, of the FDIC.