Review of Rural Telephone Bank's 1991 Loan Interest Rate Calculation

AFMD-92-28: Published: Nov 15, 1991. Publicly Released: Nov 15, 1991.

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Pursuant to a legislative requirement, GAO reviewed the accuracy of the Rural Telephone Bank's (RTB) interest rate determinations, focusing on the interest rate: (1) charged to borrowers during fiscal year (FY) 1991; and (2) for advances from the liquidating accounts.

GAO found that the RTB interest rate determination, which established the cost-of-money rate at 5.43 percent, was in accordance with legislative requirements.