Savings in Interest Costs Realized By Reducing Cash on Hand at Overseas Activities
Abstract
The Department of Defense (DOD) maintains large cash-on-hand balances overseas, including cash on deposit at branches of U.S. commercial banks on overseas military installations, to facilitate payments in areas not serviced by Federal Reserve banks.
Document Details
- Document Type
- Technical Report
- Publication Date
- Mar 21, 1974
- Accession Number
- AD1102021
Entities
People
- D. L. Scantlebury
Organizations
- United States Government Accountability Office