Resolution Trust Corporation: Real Estate Recoveries 1993 (Fact Sheet, 03/25/94, GAO/GGD-94-84FS). Recoveries on assets sold by the Resolution Trust Corporation (RTC) to help pay for the savings and loan bailout are falling. From June 1991 to December 1992, estimated recovery rates for assets declined 9 cents per dollar of book value, from 60 cents on the dollar to 51 cents on the dollar. In a June 1993 report (GAO/AIMD-93-6), GAO indicated that although RTC's estimated recovery rates for receivership assets were based on the best available information, changes in economic conditions, interest rates, and real estate markets could affect the value of assets in resolved and unresolved institutions. Due to improving economic conditions, RTC has realized higher rates of recovery on its asset sales than previously estimated. Because RTC's remaining assets are considered hard to sell, however, it is difficult for RTC to predict the recovery rates and timing of sales. --------------------------- Indexing Terms ----------------------------- REPORTNUM: GGD-94-84FS TITLE: Resolution Trust Corporation: Real Estate Recoveries 1993 DATE: 03/25/94 SUBJECT: Real estate sales Cost analysis Savings and loan associations Federal property management Federal agency accounting systems Bank failures Federal corporations Property disposal Property depreciation Appraisals IDENTIFIER: RTC Real Estate Owned Asset Management System ************************************************************************ We regret that the full text of this item is presently unavailable. See the GAO FAQ - Section 2.0 for printed copy ordering information. The FAQ is automatically retrieved with all WAIS search results or can be obtained by sending e-mail to: [email protected]