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131114 1 (1986-09-26)

handle is hein.gao/gaobactuk0001 and id is 1 raw text is: 




U.S. GENERAL ACCOUNTING OFFICE

    WASHINGTON, D.C.  20548


                           FOR RELEASE ON  DELIVERY
                           EXPECTED  10:00 a.m., EDT
                           September  26, 1986


                 STATEMENT OF

              CHARLES A. BOWSHER

              COMPTROLLER GENERAL

                  BEFORE THE

LEGISLATION AND NATIONAL SECURITY SUBCOMMITTEE,

   HOUSE COMMITTEE ON GOVERNMENT OPERATIONS


               ON

THE GOVERNMENT'S LOAN ASSET SALES

          PILOT PROGRAM


Mr. Chairman and Members of the Subcommittee:



In a May 5, 1986, letter, you asked  us to evaluate several

aspects of the administration's proposal  to sell to the

public loans that are held by the  federal government as

assets (loan assets).


The Congress is presently considering  the amount of loan

asset sales which are to be made  in fiscal year 1987.  In

this connection, we are pleased to be here  today to discuss

our assessment of whether the administration's  pilot program

to sell federally held loan assets will  adequately protect

the government's interests and whether OMB's  loan sale

guidelines will meet program objectives.


131114

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