United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-05-12 monographic deposited born digital 34 p. GA 1.13:GGD-95-109 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-95-109 P0b002ee1803929fb f:gg95109 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GGD-95-109 machine generated eng fdlp REPORT GAOREPORTS-GGD-95-109 GGD-95-109 Federal agency reorganization Bank failures Savings and loan associations Sunset legislation Internal controls Management information systems Accounting procedures Property disposal Risk management Financial management Bank Insurance Fund Savings Association Insurance Fund BIF SAIF Letter Report GGD GAO reviewed the Resolution Trust Corporation's (RTC) efforts to address its management weaknesses, focusing on the: (1) long-term viability of the thrift insurance fund; and (2) disposition of RTC operations and workload.<p/>GAO found that: (1) RTC has improved its marketing and disposition methods by implementing two congressionally mandated management reforms, but it still has not implemented a valid sales methodology to identify which RTC sales methods the Federal Deposit Insurance Corporation (FDIC) should adopt; (2) RTC has improved its contracting processes, but it is not closing out contracts in a timely manner; (3) RTC has improved internal accounting controls over receiverships' transactions, accounting operations, and its information systems, but significant contract performance problems continue to exist; (4) the Savings Association Insurance Fund is thinly capitalized and its high premiums could place the thrift industry at a competitive disadvantage when the Bank Insurance Fund's premiums are lowered; (5) to ensure a successful transition of thrift resolutions from RTC to FDIC, the two agencies will require diligent planning and close coordination and sufficient controls over assets to be sold or retained; and (6) FDIC will need to continue to improve the data in its information systems. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-95-109/html/GAOREPORTS-GGD-95-109.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-95-109/pdf/GAOREPORTS-GGD-95-109.pdf GAO/GGD-95-109 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-95-109 Letter Report GAO/GGD-95-109; Resolution Trust Corporation: Efforts Under Way to Address Management Weaknesses; Federal agency reorganization Bank failures Savings and loan associations Sunset legislation Internal controls Management information systems Accounting procedures Property disposal Risk management Financial management Bank Insurance Fund Savings Association Insurance Fund BIF SAIF