Examination of the Rural Telephone Bank's Financial Statements for the Fiscal Year Ended September 30, 1979

CED-80-77: Published: Apr 11, 1980. Publicly Released: Apr 11, 1980.

Additional Materials:


Office of Public Affairs
(202) 512-4800

The Rural Electrification Bank was established in 1971 to provide for financing or refinancing the construction, improvement, expansion, acquisition, and operation of telephone lines, facilities, or systems in rural areas. In fiscal year 1979, the Bank loaned $130 million to rural telephone systems. The Rural Telephone Bank's primary sources of funds are amounts borrowed from the U.S. Treasury, interest and principle collected on loans, and proceeds from the sale of stock. The Bank's financial statements present fairly its financial position as of September 30, 1979, and the results of its operations and changes in financial position for the period then ended, in conformity with generally accepted accounting principles.

Feb 15, 2018

Jan 31, 2018

Nov 16, 2017

Nov 15, 2017

Nov 9, 2017

Looking for more? Browse all our products here