What agency is responsible for managing the disposition of bankrupt Savings and Loans?

The Resolution Trust Corporation (RTC) was established in 1989 as a response to the savings and loan crisis of the late 1980s and early 1990s. Its primary role was to manage and dispose of the assets of failed savings and loan associations (S&Ls), which had numerous bankruptcies during that period. The RTC aimed to protect depositors and stabilize the financial system by liquidating the assets from these failed institutions and facilitating the transfer of their operations to healthier entities.

The RTC handled the assets of bankrupt S&Ls through various means, including asset sales, management of distressed portfolios, and receivership of failed institutions. Although the RTC was dissolved in 1995, its function during its operation was crucial in addressing the fallout from the S&L crisis.

The other agencies listed do not have the same specific responsibilities regarding the management of bankrupt Savings and Loans. The Federal Deposit Insurance Corporation (FDIC) primarily insures deposits and manages receiverships for failed banks rather than specifically for S&Ls. The Federal Reserve Board deals with monetary policy and banking regulation, while the Uniform Commercial Code (UCC) governs commercial transactions but does not manage financial institution bankruptcies.