Review of Rural Telephone Bank's 1993 Loan Interest Rate Calculation
AIMD-94-55: Published: Nov 18, 1993. Publicly Released: Nov 18, 1993.
- 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) 1993; and (2) advances from the liquidating and financing accounts.
GAO found that the RTB interest rate: (1) determination for FY 1993 is accurate; (2) for advances from the liquidating and financing accounts for FY 1993 is accurate; and (3) determination were accurate and consistent with applicable laws and regulations.