Resolution Trust Corporation:

Summary of GAO Products

GGD-93-128: Published: Jul 20, 1993. Publicly Released: Aug 27, 1993.

Additional Materials:

Contact:

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

Pursuant to a congressional request, GAO: (1) provided summaries of its products on the Resolution Trust Corporation (RTC) and related issues; (2) updated RTC actions to implement recommendations; and (3) discussed the applicability of federal regulations limiting the contracting out of inherently governmental functions.

GAO found that: (1) since RTC started its operations in August 1989, 98 products have been issued on RTC asset management and disposition, conservatorships and resolutions, contracting and contract management, financial management, funding and crosscutting issues, and information resources management; (2) of the 76 recommendations made to improve RTC operations, 48 are still open; (3) several issues need immediate attention to minimize the cost of the savings and loan cleanup; (4) RTC greatest challenges are to maximize the rate of return on its growing inventory of hard-to-sell assets and provide adequate contractor oversight; and (5) RTC is not subject to regulations limiting the contracting out of governmental functions.

Jun 26, 2018

Mar 22, 2018

Mar 16, 2018

Mar 15, 2018

Feb 27, 2018

Feb 26, 2018

Jan 30, 2018

Dec 8, 2017

Looking for more? Browse all our products here