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Review of Rural Telephone Bank's 1989 Loan Interest Rate Calculation

AFMD-90-39 Published: Nov 14, 1989. Publicly Released: Nov 14, 1989.
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Highlights

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) 1989; and (2) for advances from the liquidating and financing accounts.

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Topics

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