Resolution Trust Corporation, which was created to clean up the savings and loan crisis in the U.S. in 1989. RTC replaced the Federal Savings and Loan Insurance Corp. (FSLIC). In 1995, the FSLICÂ’s deposit insurance functions were transferred to the Federal Deposition Insurance Corp. (FDIC). The RTCÂ’s responsibilities also were handed over to the FDIC in January 1996.