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CED-76-157 1 (1976-11-11)

handle is hein.gao/gaobaabxf0001 and id is 1 raw text is: 














               REPORT TO THE CONGRESS


E


               BY THE COMPTROLLER GENERAL

               OF THE UNITED STATES
      ________....._________________________________                lIII l/IHll 11 111111111 /11111 1111 11(/11

                                                              LM100545





               Examination Of Financial

               Statements Pertaining To

               Insurance Operations Of The

               Federal Housing Administration

               Fiscal Year 1975

               Department Of Housing and Urban Development

               GAO examined the financial statements per-
               taining to insurance operations of the Federal
               Housing Administration, Department of
               Housing and Urban Development, for the fis-
               ca! year ended June 30, 1975, and other
               information about t;.e program's operation
               and financial condition.
               The examinination was made pursuant to the
               Government Corporation Control Act (31
               U.S.C. 841).
               At June 30, the Federal Housing Administra-
               tion's combined insurance reserves were in a
               deficit position for the first time--a total of
               $182.6 million. This situation resulted from
               increasing losses in the General Insurance and
               Special Risk Insurance Funds.


NOV. 11.1976


M°


CED-76-157

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