Review of Rural Telephone Bank's 1988 Loan Interest Rate Calculation

AFMD-89-30: Published: Nov 10, 1988. Publicly Released: Nov 10, 1988.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a legislative requirement, GAO reviewed the accuracy of the Rural Telephone Bank's interest rate determinations, focusing on the interest rate: (1) charged to borrowers during fiscal year (FY) 1988; and (2) for advances from the loquidating and financing accounts.

GAO found that the: (1) Bank revised an initial rate determination 8 days after submitting it to GAO; (2) initial and revised determinations established the Bank's fiscal year 1988 interest rate at 5 percent; and (3) initial and revised rate determinations complied with the applicable regulations.

Nov 16, 2020

Nov 10, 2020

Nov 9, 2020

Nov 6, 2020

Oct 13, 2020

Sep 30, 2020

Sep 9, 2020

Looking for more? Browse all our products here