Resolution Trust Corporation:

Structure and Oversight Issues

T-GGD-91-55: Published: Jul 15, 1991. Publicly Released: Jul 15, 1991.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed issues related to the structure and oversight of the Resolution Trust Corporation (RTC), focusing on whether: (1) the standard structure and oversight of executive agencies would better facilitate attaining RTC accountability and least-cost goals; (2) standard Office of Management and Budget (OMB) oversight of federal agency activities would be sufficient for RTC activities; (3) certain statutes and regulations were applicable to a restructured RTC; and (4) restructuring RTC as an executive agency would leave any unresolved questions about the statutes and regulations that apply to it. GAO found that: (1) there is nothing inherent in the current RTC structure that prevents the exercise of sound oversight; (2) restructuring RTC as an executive agency may streamline decisionmaking and reduce the independence of the oversight board; (3) independent oversight of RTC operations is essential due to its unique and complex mission; (4) it is not clear what additional expertise OMB could offer to achieve better oversight of RTC or what benefits could accrue from greater OMB involvement; (5) a restructured RTC would observe laws that apply to executive agencies and be subject to requirements concerning environmental and contracting matters; (6) subjecting RTC to federal contracting statutes may have some public benefit, but could greatly retard its asset disposition efforts; and (7) the installation of such federal pay and personnel rules as the removal of exempt status to a restructured RTC may cause employees to leave, resulting in a disruption in RTC activities.

Sep 5, 2018

Jul 19, 2018

Jul 18, 2018

Jun 26, 2018

Mar 22, 2018

Mar 16, 2018

Mar 15, 2018

Feb 27, 2018

Looking for more? Browse all our products here