[United States Government Manual] [May 31, 1996] [Pages 677-678] [From the U.S. Government Publishing Office, www.gpo.gov]THRIFT DEPOSITOR PROTECTION OVERSIGHT BOARD 808 Seventeenth Street NW., Washington, DC 20232 Phone, 202-416-2650 Chairperson (Secretary of the Treasury) Robert E. Rubin Board Members (Chairman of the Board of Alan Greenspan Governors of the Federal Reserve System) (Secretary of Housing and Urban Henry G. Cisneros Development) Staff Executive Director Dietra L. Ford General Counsel Richard H. Farina Deputy General Counsel Lawrence W. Hayes Deputy Executive Director (Government Affairs Kenneth Colburn and Public Liaison) [[Page 678]] Deputy Executive Director (Finance) Van B. Jorstad Deputy Executive Director (Oversight and Neal Peterson Evaluation) ________________________________________________________________________ The principal duty of the Thrift Depositor Protection Oversight Board is oversight of the Resolution Funding Corporation. The Board prescribes regulations, orders, and directions to which the Directorate of the Resolution Funding Corporation is subject. The Thrift Depositor Protection Oversight Board, formerly the Oversight Board (of the Resolution Trust Corporation), was established as an instrumentality of the United States on August 9, 1989, by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1441a). Pursuant to 12 U.S.C. 1441b(k)(7), the Board consists of three members: the Secretary of the Treasury, who is its Chairperson; the Chairman of the Board of Governors of the Federal Reserve System; and the Secretary of Housing and Urban Development. From August 9, 1989, through the termination of the Resolution Trust Corporation (RTC) on December 31, 1995, the principal duty of the Board was to oversee and monitor RTC operations. During its existence, RTC managed and resolved failed thrift institutions, the accounts of which were formerly insured by the Federal Savings and Loan Insurance Corporation and which were placed in conservatorship or receivership during the period January 1, 1989, through June 30, 1995. Most of the Board's RTC-related duties terminated on December 31, 1995. Following the expected June 30, 1996, completion of those remaining, including the evaluation of audits and completion of final reports, the Board's primary responsibility will be oversight of the Resolution Funding Corporation (REFCORP), a mixed-ownership Government corporation established with the sole purpose of providing financing for RTC. By resolution, the Board has directed the release of its employees as of the close of June 30, 1996. The Chairperson of the Thrift Depositor Protection Oversight Board (or the Chairperson's delegate) is a nonvoting member of the Affordable Housing Advisory Board. For further information, contact the Director of Government and Public Affairs, Thrift Depositor Protection Oversight Board, 808 Seventeenth Street NW., Washington, DC 20232. Phone, 202-416-2622. ________________________________________________________________________