Federal Deposit Insurance Corporation (Corporate Name)

Brady, J.E. Bank deposit insurance ... 1933.

U.S. gov't manual, 1991/92 (Resolution Trust Corporation; est'd to manage and resolve failed savings associations that were insured by the Federal Savings and Loan Insurance Corporation before the enactment of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for which a conservator or receiver is appointed between Jan. 1, 1989, and Aug. 9, 1992; RTC will terminate all functions no later than Dec. 31, 1996; RTC has no employees of its own; board of directors and chairman of Federal Deposit Insurance Corporation serve same capacity for RTC, and FDIC authorized to perform all responsibilities of the Corporation)

Phone call to RTC, public affairs office, 8/5/93 (FSLIC no longer exists, was removed in 1989; RTC takes over failed institutions but does not insure; Savings Association Insurance Fund will insure accounts, beginning 9/30/93; funds insured by FDIC until SAIF becomes active)

Created by an act of Congress (73d) under the U.S. Banking act of 1933