An Act to amend the Government Corporation Control Act to change the General Accounting Office audit to a calendar year basis in the case of the Federal home loan banks and the Federal Savings and Loan Insurance Corporation
PL 88-518 (H.R.10705), enacted 08/30/1964

698 
PUBLIC LAW 88-517-AUG. 30, 1964 
[78 STAT. 
August 30, 1964 
[H. R. 10683] 
Public Law 88-517 
AN ACT 
To amend the Act of July 25, 1956, to remove certain residence restrictions upon 
officers and members of the Metropolitan Police force and the Fire Department 
of the District of Columbia. 
D.C. 
Policemen and 
firemen, resi-
dence. 
70 Stat. 646. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That subsection (b) 
of the first section of the Act entitled "An Act to authorize the Com-
missioners of the District of Columbia to prescribe the area within 
which officers and members of the Metropolitan Police force and the 
Fire Department of the District of Columbia may reside", approved 
July 25,1956 (D.C. Code, § 4-132a), is amended by striking "twenty" 
and inserting in lieu thereof "twenty-five". 
Approved August 30, 1964. 
August 30, 1964 
[H. R. 10705] 
Public Law 88-518 
AN ACT 
To amend the Government Corporation Control Act to change the General 
Accounting Office audit to a calendar year basis in the case of the Federal 
home loan banks and the Federal Savings and Loan Insurance Corporation. 
GAG audits. 
Federal home 
loan banks. 
59 Stat. 600. 
Report to 
Congress. 
Federal Savings 
and Loan Insur-
ance Corp. 
Report to 
Congress. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That (a) section 
202 of the Government Corporation Control Act (31 U.S.Cf. 857) is 
amended by adding at the end thereof the following new sentence: 
"The audit of the Federal home loan banks shall be conducted on a 
calendar year basis." 
(b) The first sentence of section 203 of such Act (31 U.S.C. 858) is 
amended to read as follows: "A report of each such audit for a fiscal 
year shall be made by the Comptroller General to the Congress not 
later than January 15 following the close of such fiscal year (and a 
report of each such audit for a calendar year shall be made by the 
Comptroller General to the Congress not later than July 15 follow-
ing the close of such calendar year)." 
SEC. 2. (a) Section 105 of the Government Corporation Control Act 
(31 U.S.C. 850) is amended by adding at the end thereof the following 
new sentence: "The audit of the Federal Savings and Loan Insurance 
Corporation shall be conducted on a calendar year basis." 
(b) The first sentence of section 106 of such Act (31 U.S.C. 851) is 
amended to read as follows: "A report of each such audit for a fiscal 
year shall be made by the Comptroller General to the Congress not 
later than January 15 following the close of such fiscal year (and a 
report of each such audit for a calendar year shall be made by the 
Comptroller General to the Congress not later than July 15 following 
the close of such calendar year)." 
SEC. 3. The amendments made by this Act shall apply with respect 
to calendar years beginning on or after January 1, 1964; except that 
the General Accounting Office, in conducting its audits of the Federal 
home loan banks and the Federal Savings and Loan Insurance Cor-
?
oration for the calendar year 1964, shall include the period from 
uly 1, 1963, through December 31, 1963. 
Approved August 30, 1964.