Resolution Trust Corporation Oversight Board:

GAO Views on Strategic Planning Efforts

T-GGD-90-10: Published: Nov 6, 1989. Publicly Released: Nov 6, 1989.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO discussed the Resolution Trust Corporation (RTC) Oversight Board's draft strategic plan. GAO noted that the draft: (1) specified general program goals and all of the important policy areas for which RTC had to make decisions; (2) did not specify policies for resolving institutions, managing assets, and meeting other provisions of the law that established RTC; and (3) directed RTC to establish procedures for carrying out other legislative provisions by certain dates, but did not delineate those procedures. GAO believes that: (1) the draft could serve as a statement of issues and goals upon which the public could comment; (2) it is unclear how the Board will be able to meet its December 1989 deadline for establishing all policies, and it may have been unreasonable to expect the Board to resolve all policy issues by that date; and (3) the Board should subject finalized policies to congressional oversight to achieve clear understanding of how RTC intends to carry out its mission and to obtain clear operations evaluation criteria.

Sep 29, 2017

Sep 12, 2017

Sep 7, 2017

Apr 19, 2017

Mar 29, 2017

Feb 24, 2017

Dec 29, 2016

Dec 15, 2016

Nov 15, 2016

Looking for more? Browse all our products here