Audit of the Federal Financing Bank for the Year Ended September 30, 1979

GGD-80-30: Published: Feb 6, 1980. Publicly Released: Feb 6, 1980.

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The Federal Financing Bank's statement of financial condition as of September 30, 1979, was examined. The Financing Bank previously reported unclassified repayments in the liability section of the comparative statement. Per GAO suggestion, the Bank has reported unclassified repayments on the accompanying comparative statement of financial condition as a reduction in loans and accrued interest receivable. The accompanying financial statements present fairly the financial position of the Federal Financing Bank at September 30, 1979, and the results of its operations and changes in its financial position for the year then ended in conformity with principles and standards of accounting prescribed by the Comptroller General of the United States.

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