96-2359. Accounting for Liabilities of the Federal Government

[Federal Register Volume 61, Number 24 (Monday, February 5, 1996)]
[Notices]
[Page 4295]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2359]



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OFFICE OF MANAGEMENT AND BUDGET


Accounting for Liabilities of the Federal Government

AGENCY: Office of Management and Budget.

ACTION: Notice of Document Availability.

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SUMMARY: This Notice indicates the availability of the fifth Statement 
of Federal Financial Accounting Standards, ``Accounting for Liabilities 
of the Federal Government,'' adopted by the Office of Management and 
Budget (OMB). The statement was recommended by the Federal Accounting 
Standards Advisory Board and adopted in its entirety by OMB.

ADDRESSES: Copies of the Statement of Federal Financial Accounting 
Standards No. 5, ``Accounting for Liabilities of the Federal 
Government,'' may be obtained for $5.50 each from the Superintendent of 
Documents, Government Printing Office, Washington, DC 20402-9325 
(telephone [phone]), Stock No. 041-001-00463-7.

FOR FURTHER INFORMATION CONTACT: Ronald Longo (telephone: 202-395-
3993), Office of Federal Financial Management, Office of Management and 
Budget, 725-17th Street NW., Room 6025, Washington, DC 20503.

SUPPLEMENTARY INFORMATION: This Notice indicates the availability of 
the fifth Statement of Federal Financial Accounting Standards, 
``Accounting for Liabilities of the Federal Government.'' The standard 
was recommended by the Federal Accounting Standards Advisory Board 
(FASAB) in September 1995, and adopted in its entirety by the Office of 
Management and Budget (OMB).
    Under a Memorandum of Understanding among the General Accounting 
Office, the Department of the Treasury, and OMB on Federal Government 
Accounting Standards, the Comptroller General, the Secretary of the 
Treasury, and the Director of OMB decide upon principles and standards 
after considering the recommendations of FASAB. After agreement to 
specific principles and standards, they are to be published in the 
Federal Register and distributed throughout the Federal Government.
G. Edward DeSeve,
Controller.
[FR Doc. 96-2359 Filed 2-4-96; 8:45 am]
BILLING CODE 3110-01-P