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GGD-79-67 1 (1979-07-13)

handle is hein.gao/gaobaazlt0001 and id is 1 raw text is: 



REPORT BY THE US.                                           IL1     77



General Accounting Office








Changes In The U.S. Postal Service's

Cash Management Practices Could

Increase Income And Reduce Cost



The Postal Service's cash flow from its 40,000
installations exceeded $22 billion in fiscal
year 1978. Investment income from these
funds exceeded $176 million. While this task
may seem overwhelming, the Service's pro-
ficiency in carrying it out is widely recognized
and highly regarded.

As with any system of this size and com-
plexity, improvements could be made. If
banking practices were changed to require,
where feasible, the same-day deposit of
postal receipts--a day earlier than under
the present system--investment income could
be increased. Competitive bidding for banking
services should result in a reduction of bank-
ing service costs and better control.










   I&D Sr                                             109877





                                                              GGD-79-67
                 -Iccou 4-'NJULY 13, 1979

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