Review of Rural Telephone Bank's 1990 Loan Interest Rate Calculation

Gao ID: AFMD-91-32 November 2, 1990

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) 1990; and (2) for advances from the liquidating and financing accounts.

GAO found that the RTB FY 1990 cost-of-money rate of 5.00 percent, the minimum rate allowable, was in accordance with legislative requirements.



The Justia Government Accountability Office site republishes public reports retrieved from the U.S. GAO These reports should not be considered official, and do not necessarily reflect the views of Justia.