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Asset Management: Governmentwide Asset Disposition Activities

  Premium   Download PDF Now (54 pages)
Report Type Reports and Testimonies
Report Date Sept. 27, 1991
Report No. GGD-91-139FS
Subject
Summary:

Pursuant to a congressional request, GAO examined the extent of federal government involvement in asset disposition activities.

GAO found that: (1) 22 agencies reported having assets targeted for disposition valued $193 billion at the end of fiscal year (FY) 1990; (2) the Resolution Trust Corporation (RTC) and the Federal Deposit Insurance Corporation (FDIC) held over 72 percent of the $193 billion in the form of financial assets, the Department of Housing and Urban Development held 15 percent in the from of real property, the General Services Administration, FDIC, and the Defense Logistics Agency held 12 percent in the form of personal property; and (3) agencies reported similar methods of managing and maintaining assets before disposition, despite the many different laws and regulations related to asset disposition and oversight by 25 congressional committees.

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