Rural Telephone Bank: Review of Fiscal Year 1994 Interest Rates on Rural Telephone Bank Loans (Letter Report, 11/18/94, GAO/AIMD-95-29). GAO is required to review each year the interest rate charged to borrowers, referred to as the cost of money rate, as set by the Rural Telephone Bank for the preceding fiscal year. The Rural Telephone Bank now calculates the following two rates: (1) the interest rate used for advances made during fiscal year 1994 on loans approved before fiscal year 1992 (referred to as loans from the liquidating account) and (2) the interest rate used for advances made during fiscal year 1994 on loans approved during or after fiscal year 1992 (referred to as loans from the financing account). The Rural Telephone Bank's fiscal year 1994 cost of money rates were pegged at 6.15 percent and 6.40 percent for advances from the liquidating account and financing account, respectively. GAO found these rate determinations to be in accordance with the law. --------------------------- Indexing Terms ----------------------------- REPORTNUM: AIMD-95-29 TITLE: Rural Telephone Bank: Review of Fiscal Year 1994 Interest Rates on Rural Telephone Bank Loans DATE: 11/18/94 SUBJECT: Financial management Loan interest rates Government guaranteed loans Electric utilities Telephone communications operations Direct loans Advance funding ************************************************************************ We regret that the full text of this item is presently unavailable. See the GAO FAQ - Section 2.0 for printed copy ordering information. The FAQ is automatically retrieved with all WAIS search results or can be obtained by sending e-mail to: [email protected]