RTC Oversight Board OKs Major S&L; Sale...
From Times Staff and Wire Reports
RTC Oversight Board OKs Major S&L; Sale Plan: Officials of the Resolution Trust Corp.’s oversight board approved a plan to sell or close about 192 failed savings and loan institutions over the next six months. Officials of the oversight board said its implementation would bring to 479 the total number of thrifts whose financial problems have been resolved by liquidation or other actions since Aug. 9, 1989. But they noted that the plan is subject to the congressional appropriations process and cannot be completed unless it receives full financing.