Federal Home Loan Bank Board's 1986 and 1985 Financial Statements
AFMD-87-42: Published: Jun 9, 1987. Publicly Released: Jun 9, 1987.
- Full Report:
GAO examined the Federal Home Loan Bank Board's (FHLBB) statements of financial condition as of December 31, 1986 and 1985, and the related statements of income and expenses and retained earnings, and changes in financial position for the years then ended.
GAO found that the financial statements presented fairly the FHLBB financial position, and the results of its operations and changes in financial position for the years then ended, in conformity with generally accepted accounting principles applied consistently.