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Obligations Limitation: Resolution Trust Corporation's Compliance as of December 31, 1990

AFMD-92-4 Published: Oct 22, 1991. Publicly Released: Nov 22, 1991.
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Highlights

Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporations's (RTC) fourth-quarter compliance with the maximum obligation limit set forth in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), which: (1) established a formula for calculating the maximum allowable obligations outstanding; and (2) provided $50 billion in financing to resolve troubled savings and loan institutions placed into conservatorship or receivership from January 1, 1989 through August 9, 1992.

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Bank failuresBudget obligationsFederal corporationsFederal regulationsFinancial managementInsured commercial banksReporting requirementsSavings and loan associationsStatistical methodsReal property