[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.

________________________________________________________________________