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FGMSD-79-6 1 (1979-01-10)

handle is hein.gao/gaobaayle0001 and id is 1 raw text is: 
                    - I .I

REPORT BY THE U. S.

General Accounting Office










Weaknesses Persist In Defense

Overseas Cash Management Program






Improvements continue to be needed in the
way the Department of Defense operates its
overseas cash management program. More
economical and efficient means of providing
dollars to overseas military installations and
banks and better program monitoring and
cash controls would reduce the excess cash
which remains a problem despite recommen-
dations made in two previous GAO reports
on this subject.

Recommended program improvements would
make sufficient funds available to enable the
Treasury  Department to reduce its bor-
rowing costs by an estimated $1 million
annually,




                                                        108330











            uJA                                            FGMSD-79-6
   *10'ou                                             JANUARY 10, 1979

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