Resolution Trust Corporation
|Resolution Trust Corporation|
The Resolution Trust Corporation was created by the Financial Institutions Reform, Recovery and Enforcement Act of 1989. It was designed to act as the federal government's agent in disposing of insolvent savings and loans (S&Ls). Many of these S&Ls were declared insolvent by the Office of Thrift Supervision as a consequence of the Savings and Loan crisis of the 1980s.
The Resolution Trust Corporation was the third special government corporation created to dispose of massive quantities of troubled real estate.