Thrift Depositor Protection Oversight Board was originally established by Act of August 9, 1989 as the Oversight Board for the Resolution Trust Corporation. Under the general supervision of the Oversight Board, the Resolution Trust Corporation managed and resolved failed savings associations that were insured by the Federal Savings and Loan Insurance Corporation before the enactment of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. The name was changed to the Thrift Depositor Protection Oversight Board by act of Dec. 12, 1991. The Board was abolished by act of July 29, 1998 and its authority and duties were transferred to the Secretary of the Treasury Department.
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