Treasury Managed Accounts

Interest on Uninvested Funds

Description:

The Credit Reform: Interest on Uninvested Funds account 20X1880 was established pursuant to the Federal Credit Reform Act of 1990, which was intended to more accurately measure the costs of Federal credit programs. Agencies who borrow from Treasury are required to calculate their own interest income and expense. The payment interest expense to Treasury is handled in Treasury-Bureau of Public Debt. Interest income calculated by the agencies to receive payment from Treasury is handled in FMS-Credit Accounting Branch.


Agency Responsibility:

On a quarterly basis, the Financial Management Services (FMS) will post the balance by the agency for account 20X1880 to this Web site. Agencies have 14 working days from the end of the quarter to respond back to Treasury, FMS via fax (202) 874-7900, or email at credit.accounting@fms.treas.gov regarding the accuracy of the amounts recorded by Treasury, FMS.

The agency must provide supporting documentation (IPAC) for any changes they want made to the balances posted. The agencies should contact FMS at the above email address or call (202) 874-8740 to request more detailed support for the FMS balances.

Agencies should report their quarterly accruals on the confirmation form.


Confirmation FormPDF File
( May load slowly)

When confirming your balance:

  • Complete the Receiving Department portion of the form with your information
  • Include the FMS balances provided on this Web site in the Providing Agency amount block of the form
  • Explain any differences between your balance and the FMS balances.
  • Please sign the completed form

When completed, please fax an advance copy, and mail the official signed confirmation and a cover letter to

Fax: (202) 874-7900
Mail: Department of the Treasury
Financial Management Services
Credit Accounting Branch
Attn: Jacqueline Rich
3700 East-West Highway, Room 6D22
Hyattsville, MD 20782
Phone: (202) 874-9145


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Credit Reform: Interest on Uninvested Funds Account (20X1880)
 
Agency Total Costs as of March 31, 2014
Department of Agriculture 292,000,968.06
Department of Commerce 779,213.04
Department of Interior 1,292,872.53
Department of State 18,257.94
Department of Treasury (CDFI-2085) 72,838.19
Department of Treasury (DO-2084) * 10,088,888.15
Department of Treasury (OFS-2007) * 268,059,463.00
Department of Treasury (SBLF-2091) * 3,720,184.98
Department of Treasury (IMF-2092) * 799,068.01
Department of the Army 23,274.62
Federal Communications Commission 78,203.61
Department of Veteran Affairs 76,848,668.79
Environmental Protection Agency 35,458.39
Department of Transportation 21,311,782.53
Homeland Security -FEMA 3,614,634.85
Overseas Private Investment Corporation 25,619,371.56
Agency for International Development 63,595,581.64
Small Business Administration 83,285,412.21
Department of Health and Human Services 11,532,171.66
Export-Import Bank of the U.S. 112,159,355.41
Department of Housing and Urban Development 1,330,901,003.25
Department of Energy 53,636,746.87
Department of Education 2,025,765,964.31
Department of Defense 1,496,908.02
Total 4,386,736,291.62

NOTE: Balances represents the accrual as of the end of the reporting period. The accrual is based on the previous fiscal year actual earnings.

* Accrual is based on actual figures provided by the agency.


   Last Updated:  April 24, 2014