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 FSLIC’s deposit insurance functions were transferred to the Federal Deposition Insurance Corp. (FDIC). The RTC’s responsibilities also were handed over to the FDIC in January 1996.
Webster's New World Finance