The Financing Corporation (FICO) was a federally established mixed-ownership corporation that assumed all the assets and liabilities of the insolvent Federal Savings and Loan Insurance Corporation (FSLIC) and operated as a financing vehicle for the FSLIC Resolution Fund (FRF) after the former was abolished by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA).
[1] FICO was chartered by the Federal Home Loan Bank Board pursuant to the FSLIC Recapitalization Act of 1987.
[1] The Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991 terminated FICO's borrowing authority.
[6] The FICO bond obligation was extended to state and national banks under the Deposit Insurance Funds Act of 1996.
[7][8] FICO made its final bond payments in September 2019[5] and began dissolution the following month.