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GGD-77-36 1 (1977-04-27)

handle is hein.gao/gaobaacdr0001 and id is 1 raw text is: 





REPORT TO THE CONGRESS


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BY THE COMPTROLLER GENERAL


OF THE UNITED STATES


Lr01o1923


Audit Of Financial Statements

Of The Federal Financing Bank--

Fiscal Years 1975 And 1976


The Federal Financing Bank charges interest,
including a fee for expenses and contin-
gencies, on its loans to Federal agencies--its
only customers. It accumulated profits of
$126 million through the end of fiscal year
1976 and will continue to add to them under
its present lending practices.
The Bank should transfer accumulated and
future profits to the Treasury and should dis-
continue the practice of adding a fee to the
rates it charges on its loans.


GGD-77-36


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