RTC Finance Definition
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 FSLICs deposit insurance
functions were transferred to the Federal Deposition Insurance Corp. (FDIC).
The RTCs responsibilities also were handed over to the FDIC in January 1996.
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