The Semiannual Report of the Resolution Trust Corporation Thrift Depositor Protection Oversight Board--1995

S. HRG. 104-255

THE SEMIANNUAL REPORT OF THE RESOLUTION
TRUST CORPORATION THRIFT DEPOSITOR
PROTECTION OVERSIGHT BOARD-1995

HEARING

BEFORE THE

LILKARY OF CONGRES

COMMITTEE ON JAN 25.1996

BANKING, HOUSING, AND URBAN AFFAIRS
UNITED STATES SENATE

ONE HUNDRED FOURTH CONGRESS

FIRST SESSION

THE FINANCIAL INSTITUTIONS REFORM, RECOVERY, AND ENFORCE-
MENT ACT OF 1989 [FIRREA] REQUIRES THAT THE OVERSIGHT BOARD
TESTIFY TWICE A YEAR ON THE FOLLOWING SEVEN ISSUES: NO. 1,
PROGRESS MADE IN RESOLVING FAILED THRIFTS. NO. 2, THE ESTI-
MATED COST TO THE U.S. GOVERNMENT OF OBLIGATIONS ISSUED OR
INCURRED BY THE RTC. NO. 3, PROGRESS IN SELLING ASSETS OF
FAILED THRIFTS UNDER RTC CONTROL. NO. 4, THE ADMINISTRATIVE
COSTS INCURRED BY THE RTC. NO. 5, THE RTC'S ESTIMATED INCOME
FROM ASSET SALES. NO. 6, POTENTIAL SOURCES OF ADDITIONAL
FUNDS FOR THE RTC. NO. 7, THE ESTIMATED REMAINING EXPOSURE
OF THE U.S. GOVERNMENT IN CONNECTION WITH FAILED THRIFTS
WHICH THE OVERSIGHT BOARD BELIEVES WILL REQUIRE ASSIST-
ANCE OR LIQUIDATION IN THE FUTURE.

JUNE 20, 1995

Printed for the use of the Committee on Banking, Housing, and Urban Affairs

21-134 CC

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1995

For sale by the U.S. Government Printing Office

Superintendent of Documents, Congressional Sales Office, Washington, DC 20402

ISBN 0-16-052078-9

COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS

ALFONSE M. D'AMATO, New York, Chairman

PHIL GRAMM, Texas
RICHARD C. SHELBY, Alabama
CHRISTOPHER S. BOND, Missouri
CONNIE MACK, Florida

LAUCH FAIRCLOTH, North Carolina
ROBERT F. BENNETT, Utah
ROD GRAMS, Minnesota
BILL FRIST, Tennessee

PAUL S. SARBANES, Maryland
CHRISTOPHER J. DODD, Connecticut
JOHN F. KERRY, Massachusetts
RICHARD H. BRYAN, Nevada
BARBARA BOXER, California
CAROL MOSELEY-BRAUN, Illinois
PATTY MURRAY, Washington

HOWARD A. MENELL, Staff Director
ROBERT J. GIUFFRA, JR., Chief Counsel
PHILIP E. BECHTEL, Deputy Staff Director
HOLIDAE HAYES, Counsel

PEGGY KUHN, Financial Economist

STEVEN B. HARRIS, Democratic Staff Director and Chief Counsel
MARTIN J. GRUENBERG, Democratic Counsel
SARAH BLOOM-RASKIN, Democratic Counsel
CHUCK MARR, Democratic Economist
EDWARD M. MALAN, Editor

(II)

96-120455