Review of Rural Telephone Bank's 1991 Loan Interest Rate Calculation
AFMD-92-28: Published: Nov 15, 1991. Publicly Released: Nov 15, 1991.
- Full Report:
Pursuant to a legislative requirement, GAO reviewed the accuracy of the Rural Telephone Bank's (RTB) interest rate determinations, focusing on the interest rate: (1) charged to borrowers during fiscal year (FY) 1991; and (2) for advances from the liquidating accounts.
GAO found that the RTB interest rate determination, which established the cost-of-money rate at 5.43 percent, was in accordance with legislative requirements.