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Accrued interest addition Administration agencies Allocation amount APPLICATION OF FUNDS Assets Financing Trust Assets Liquidation Trust authority backing basis beginning of period bonds borrowings charges conducted Congress conveyed Corporation cost credits dates deposit earnings ended June 30 Equity examination EXPENSE FAFT FALT Federal Assets Financing Federal Assets Liquidation FHA-insured fiscal year 1970 Fiscal Year Ended FNMA GNMA Government Mortgage Liquidation Government National Mortgage guaranty Home Housing Housing and Urban included income income and expense interest collected investments Issued issuer July Less liabilities liquidating functions loss management and liquidating Maturity million Mortgage Liquidation Trust National Mortgage Association notes obligations subject Office operations outstanding paid participation certificates pools portfolio present principal and interest programs Purchase Rate Receivable records Reserve SCHEDULE securities Series Small Business sources and application special assistance functions STATEMENT OF INCOME statements subject to trust tion transferred trustors U. S. Treasury United Unpaid principal Veterans Administration
Page 12 - Our examination was made in accordance with generally accepted auditing standards and included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
Page 14 - June 30, 1970, and the results of its operations and the source and application of its funds for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year and with applicable Federal laws.