Audit Of Financial Statements Of The Federal Financing Bank, Fiscal Years 1975 And 1976 V. GGD-77-36

GGD-77-36 1 (1977-04-27)

$handle is hein.gao/gaobaacdr0001 and id is 1 raw text is: REPORT TO THE CONGRESS \\ j) ~ BY THE COMPTROLLER GENERAL OF THE UNITED STATES Lr01o1923 Audit Of Financial Statements Of The Federal Financing Bank-- Fiscal Years 1975 And 1976 The Federal Financing Bank charges interest, including a fee for expenses and contin- gencies, on its loans to Federal agencies--its only customers. It accumulated profits of $126 million through the end of fiscal year 1976 and will continue to add to them under its present lending practices. The Bank should transfer accumulated and future profits to the Treasury and should dis- continue the practice of adding a fee to the rates it charges on its loans. GGD-77-36 /(4,q&1~$

NEED HELP?

CONTACT US

Get started

Subscribe to our Newsletter