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1993 Thrift Resolutions: RTC's Resolution Process Generally Adequate to Determine Least Costly Resolutions

GGD-95-119 Published: May 15, 1995. Publicly Released: May 15, 1995.
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Highlights

Pursuant to a legislative requirement, GAO reviewed the Resolution Trust Corporation's (RTC) compliance with a statutory requirement to: (1) resolve failed thrifts in the least costly manner; and (2) calculate and document its evaluation of alternative resolutions of failed thrifts.

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AssetsBank failuresBanking lawCost controlInsured commercial banksProperty disposalReal estate salesSavings and loan associationsFailed thriftsCost estimates