P. M. BRIEFING : U.S. to Sell 40 Insolvent S
The U.S. Resolution Trust Corp. plans to put another 40 insolvent saving and loan institutions up for sale, Executive Director David Cooke said today.
The RTC, which is responsible for disposing of insolvent thrifts, Thursday released a list of nine institutions in seven states that will be sold.
Cooke told the RTC board today that a list of the latest 40 failed thrifts being offered to private bidders will be issued next week.
There are about 286 insolvent thrifts under federal control, including six whose sales are pending. The RTC has already sold or closed another 37 institutions.
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