Context

Context of Hearing on the semiannual report of the Resolution Trust Corporation--1990 : hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred First Congress, second session on the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) requires that the oversight board testify twice a year on the following seven issues: no. 1, progress made in resolving failed thrifts. No. 2, the estimated cost to the U.S. government of obligations issued or incurred by the RTC. No. 3, progress in selling assets of failed thrifts under RTC control. No. 4, the administrative costs incurred by the RTC. no. 5, the RTC's estimated income from asset sales. No. 6, potential sources of additional funds for the RTC. No. 7, the estimated remaining exposure of the U.S. government in connection with failed thrifts which the oversight board believes will require assistance or liquidation in the future. May 23, 1990
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