RTC CHIEF'S RESIGNATION ACCEPTED

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, March 16, 1993                   TAG: 9303160122
SECTION: BUSINESS                    PAGE: B7   EDITION: METRO 
SOURCE: Knight-Ridder/Tribune
DATELINE: WASHINGTON                                LENGTH: Short
RTC CHIEF'S RESIGNATION ACCEPTED
Treasury Secretary Lloyd Bentsen on Monday accepted the resignation of Albert Casey as head of the Resolution Trust Corp. and Deputy Treasury Secretary Roger Altman was named to lead the agency until a permanent replacement is named.
Casey, a former chairman and chief executive officer of American Airlines, previously had announced his decision to leave the RTC, which Congress created in 1989 to dispose of insolvent savings and loans seized by the government.
A Treasury Department statement said President Clinton named Altman to the post Monday, and duties as interim RTC chief executive would be in addition to his Treasury duties.
"We appreciate Al's efforts as CEO of the RTC over the past year and a half, and the progress made there on a number of challenging fronts," Bentsen said in the statement.
Treasury said Casey "has expressed his desire to return to Texas as soon as possible and to resume teaching at Southern Methodist University."
As Treasury secretary, Bentsen heads the Thrift Depositor Protection Oversight Board, which sets overall RTC policy and monitors its activities. The oversight board also includes Federal Reserve Chairman Alan Greenspan.
The Oversight Board is scheduled to appear at a House Banking Committee hearing today on RTC activities.

by Archana Subramaniam by CNB