Resolution Funding Corporation

E1039784

Resolution Funding Corporation was a U.S. government-created financing vehicle that issued debt to help fund the Resolution Trust Corporation’s cleanup of the savings and loan crisis.

All labels observed (1)

Label Occurrences
Resolution Funding Corporation canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf financing vehicle ⓘ
government-sponsored enterprise ⓘ
activity funding of Resolution Trust Corporation obligations ⓘ
issuance of debt securities ⓘ
associatedWithTimePeriod 1990s ⓘ
late 1980s ⓘ
beneficiary Resolution Trust Corporation ⓘ
classification off-budget federal entity ⓘ
country United States ⓘ
createdBy United States federal government ⓘ
createdByStatute FIRREA ⓘ
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
dateFounded 1989 ⓘ
debtLimitCurrency United States dollar ⓘ
linked to: US dollar
financedAmountUpperBound approximately $30 billion in RTC obligations ⓘ
function to pay interest on REFCORP bonds using contributions from the Federal Home Loan Banks ⓘ
fundingMechanism issuance of Treasury-backed securities ⓘ
issuance of long-term bonds ⓘ
fundingSourceForInterest Federal Home Loan Banks ⓘ
governance board of directors ⓘ
guaranteedBy United States Department of the Treasury ⓘ
hasAcronym REFCORP ⓘ
hasLiabilitiesType long-term bonds ⓘ
industry government finance ⓘ
jurisdiction federal jurisdiction of the United States ⓘ
legalForm federally chartered corporation ⓘ
legislativeAuthority Public Law 101-73 ⓘ
locatedIn Washington, D.C. ⓘ
maximumAuthorizedDebt $30 billion ⓘ
obligationsBackedBy United States government ⓘ
oversightBy Federal Housing Finance Board ⓘ
United States Department of the Treasury ⓘ
partOfProgram U.S. thrift industry resolution framework ⓘ
primaryObjective to minimize direct budgetary impact of the thrift cleanup on the U.S. federal budget ⓘ
purpose to help fund the cleanup of the U.S. savings and loan crisis ⓘ
to provide financing for the Resolution Trust Corporation ⓘ
relatedTo Federal Deposit Insurance Corporation ⓘ
Federal Home Loan Bank System ⓘ
Office of Thrift Supervision ⓘ
relatedToAgency Resolution Trust Corporation ⓘ
relatedToEvent U.S. savings and loan crisis of the 1980s and early 1990s ⓘ
savings and loan crisis ⓘ
roleInCrisisManagement financing thrift resolutions ⓘ
sector financial sector ⓘ
shortName REFCORP ⓘ
status inactive ⓘ
typeOfDebtIssued non-marketable Treasury-backed securities ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Resolution Trust Corporation → financedBy → Resolution Funding Corporation ⓘ