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ID-76-29 1 (1975-12-12)

handle is hein.gao/gaobaaayo0001 and id is 1 raw text is: 





             LNVIED STATES

REPORT Ti THE

             DEc 17 '1975


BY THE


OW~I


CONGRESS


OF THE UNITED STATES


LM096887


Overseas


Military Banking:


How It Is Financed And Managed




Department of the Treasury

Department of Defense,



The extension of 'home town' banking
services to U.S. Armed Forces personnel
stationed abroad has grown into a worldwide
network of military banking facilities being
subsidized by the Treasury Department.
This report describes the financial and man-
agement arrangements which exist between
the banks and the Departments of Treasury
and Defense. It points out the need to reassess
certain aspects of the program as a means of
reducing the subsidy cost and improving over-
all administration and the need for some
congressional action.


0.12.1975


ID-76-29


dM-/TROLLER GENERAL

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