OTHER NEWS - Feb. 3, 1992

RTC Being Streamlined, New Boss Says: Its new chief executive said the federal agency managing the cleanup of the troubled savings and loan industry is being streamlined to keep costs down and increase efficiency. “If the Resolution Trust Corp. is to serve the public while keeping the taxpayers’ costs to a minimum, we must become more responsive and efficient,” RTC Chief Executive Officer Albert Casey said. “We need faster decision making, a clear chain of command and no duplication of effort,” said Casey, whose appointment was approved Friday by the Senate. A new executive committee based in the agency’s Washington headquarters has been given broad powers to help Casey develop, review and implement RTC programs. In addition, RTC field offices have been given greater independence in the management and sale of assets taken over by the government from failed institutions.