(redirected from Thrift Depositor Protection Oversight Board)
TDPOBThrift Depositor Protection Oversight Board (formerly Resolution Trust Corporation Oversight Board)
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Section 306, which would eliminate the Thrift Depositor Protection Oversight Board, would save the government money by terminating an administrative board whose primary function, oversight of the Resolution Trust Corporation (RTC), ceased when the RTC closed in 1995.
Rubin, secretary of the Treasury and chairman of the Thrift Depositor Protection Oversight Board, told the Senate Committee on Banking, Housing and Urban Affairs that the Resolution Trust Corporation (RTC), created by Congress to sell the assets and pay off depositors of failed thrifts, could close entirely in December 1995, one year earlier than initially anticipated.