BANKING & FINANCE - Nov. 6, 1992

RTC Puts Great American Assets on the Block: The Resolution Trust Corp. is soliciting bids on a $474-million book value portfolio of land and loans secured by land from the failed Great American Federal Savings Assn. of San Diego. The RTC seized Great American in August, 1991. The portfolio being offered includes 56 loans secured by land, 47 of which are non-performing. In addition, there are 23 residential and commercial sites. The loans have a book value of $386 million, while the real estate assets have a book value of $88 million. The deadline for submitting bids is Nov. 30.