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

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

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.

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Topics

Auditing and Financial Management
Advance fundingDirect loansElectric utilitiesFinancial analysisLending institutionsLoan interest ratesOff-budget federal entitiesTelephonesRural telephone bankBudget reconciliation