trust corporation

(redirected from Resolution Trust Corporation)
Also found in: Dictionary, Thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia.

trust corporation

a company that has as its main or subsidiary sphere of operations the administration of trusts, with itself as TRUSTEE. The company should have an issued capital of at least £250,000, of which at least £100,000 should have been paid up. It is empowered to charge fees for its services at a level not higher than those charged by the public trustee.

The public trustee, set up under the Public Trustee Act 1906, is in effect the nationalized trust corporation. Its fees maybe altered from time to time by statutory instrument.

References in periodicals archive ?
For example, a resumption of resolutions by the Resolution Trust Corporation, which has been inactive for nearly a year, by shifting assets from thrift institutions onto government balance sheets, would tend to substitute federal liabilities for those of thrift institutions, reducing monetary growth.
As a result of his service as Comptroller of the Currency, Clarke was also a member of the boards of directors of the Federal Deposit Insurance Corporation and the Resolution Trust Corporation, organized in 1989 to deal with the large number of insolvent savings and loan associations and their assets.
He spent 12 years managing the lending departments at two New York City money center banks, and three years as managing director of a consulting firm retained by both the Resolution Trust Corporation and the Whitehall Fund in the disposition of distressed real estate.
However, the 85 failed thrifts operated by the resolution Trust Corporation (RTC) had $638 million in net losses for the quarter, bringing federally controlled thrifts' total losses to $3.
I had one last chance to make big money in real estate: dealing with troubled banks and the Resolution Trust Corporation, which has taken over failed savings and loans.
Endeavors by both the Resolution Trust Corporation and private parties to encourage the development of a secondary market in commercial mortgages will help liquify the market in commercial real estate itself.
Seidman, chief commentator at CNBC-TV and publisher of Bank Director Magazine, served as chairman of the Federal Deposit Insurance Corporation (FDIC) from 1985 to 1991 and was the first chairman of the Resolution Trust Corporation (RTC) during the savings and loan crisis, which involved more than $400 billion in assets.
Then came a stint at Cushman & Wakefield in the early 90s where she was the director of corporate finance and worked on deals with the federal government's Resolution Trust Corporation, which was charged with selling off the countless real estate assets that had been foreclosed on during the Savings and Loan Crisis.
The nation's 1,872 privately owned thrifts continued to strengthen, but losses at the 81 government-controlled institutions operated by the Resolution Trust Corporation (RTC) grew dramatically in the latter months of the year.
The nation's savings and loan bailout agency, the Resolution Trust Corporation (RTC), lived precisely this scenario, not with used furniture, but with your money.
In the case of thrift institutions, some slowdown has resulted simply because of lack of funding needed by the Resolution Trust Corporation to resolve institutions that should be closed.
In 1989, he assumed the position of deputy to the director of the Resolution Trust Corporation.