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Resolution Trust Corporation: Management Improvements Reduce Risks But Transition Challenges Remain

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Report Type Reports and Testimonies
Report Date June 20, 1995
Report No. T-GGD-95-188
Subject
Summary:

This testimony focuses on the Resolution Trust Corporation's (RTC) performance and the remaining challenges involved in RTC's transition to the Federal Deposit Insurance Corporation (FDIC). GAO discusses (1) its recent report (GAO/GGD-95-109, May 12, 1995) to the head of RTC on the management improvements that led to RTC's removal from GAO's list of government programs at high risk for waste, fraud, abuse, and mismanagement; (2) the status of planning efforts for RTC's transition to FDIC; and (3) some unresolved transition issues that RTC and FDIC will be facing within the next few months.

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