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In response to a congressional request, GAO examined: (1) the major differences between the Federal Asset Disposition Association's (FADA) unaudited, preliminary financial statements for the year ended December 31, 1987, and an independent auditor's account of its financial statements for that period; (2) primary FADA sources of income and expenses; and (3) the volume of its borrowings through a Federal Home Loan Bank's advances.

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