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121084 1 (1983-04-05)

handle is hein.gao/gaobacszo0001 and id is 1 raw text is: 






              UNITED STATES GENERAL ACCOUNTING OFFICE

                      WASHINGTON, D.C. 20548

                                         FOR RELEASE ON DELIVERY
                                         EXPECTED AT 9:00 A.M.
                                         APRIL 5, 1983

                           STATEMENT OF

                           HARRY S. HAVENS

                  ASSISTANT  COMPTROLLER GENERAL

                            BEFORE THE

             SUBCOMMITTEE ON  FEDERAL CREDIT PROGRAMS

         COMMITTEE ON BANKING, HOUSING  AND URBAN AFFAIRS

                      UNITED  STATES SENATE

                               ON

                   THE FEDERAL FINANCING  BANK


Mr. Chairman and Members of  the Subcommittee:

     We are pleased to be here  today to discuss our views on the

operations of and budgeting for  the Federal Financing Bank (FFB)

and congressional oversight and control  of Federal credit pro-

grams.  As I will point out  later in my testimony, our concerns

are not directed at the FFB, per se.   Instead, they are directed

at how transactions involving  the Bank and other Government

agencies are reflected in the unified budget  and how these af-

fect the understanding of Federal credit  activities.







                                                       121084

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