Deputy Treasury Secretary Frank N. Newman said Monday that serious consideration should be given to using leftover Resolution Trust Corp. funds to capitalize the thrift insurance fund.

Speaking before the Independent Bankers Association of America's annual joint committee meeting, Mr. Newman appeared to place special emphasis on the option of using up to an estimated $13.1 billion of "leftover" funds when the RTC goes out of business in December.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.