MANAGEMENT AND DUTIES OF THE RESOLUTION TRUST CORPORATION.

SEC. 309. MANAGEMENT AND DUTIES OF THE RESOLUTION TRUST CORPORATION. (a) Management.— Section 21A(b)(l)(C) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(l)(C)) is amended to read as follows: “(C) Management by chief executive officer.— The Corporation shall be managed by or under the direction of its chief executive officer.”. (b) Duties.— Section 21A(b)(3)(B) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(b)(3)(B)) is amended to read as follows: “(B) To develop and establish overall strategies, policies, and goals for the Corporation, subject to review by the Thrift Depositor Protection Oversight Board pursuant to subsection (a)(6)(A) of this section.”. (c) Real and Personal Property.— Section 21A(b)(10)(E) is amended by adding after “real and personal property,” the following: “using any legally available private sector methods including without limitation, securitization of debt or equity, limited partnerships, mortgage investment conduits, and real estate investment trusts,”.