Federal Credit and Insurance:
Information on the Dollar Amount of Direct Loan, Loan Guarantee, and Insurance Programs
AFMD-91-81FS: Published: Jul 29, 1991. Publicly Released: Sep 3, 1991.
- Full Report:
Pursuant to a congressional request, GAO provided information on the federal government's direct loans, loan guarantees, and insurance investments.
GAO found that: (1) while the government will not be required to provide financial assistance for its total exposure associated with direct loan, loan guarantee, and federal insurance programs, its continuing and growing exposure to losses cannot be ignored; and (2) the federal government's total exposure to such programs exceeded $6.2 trillion at the end of fiscal year (FY) 1990, up $1.1 trillion from FY 1988.