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8/14/2019 US Treasury: NonCreditReformBorowingsConference
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Treasury’s Borrowings Program
Non-Credit Reform Program
Stephanie Blair
Accountant, Federal Borrowings Branch
April 12, 2007
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Summary of Presentation
Program Overview
Standardizing Loan Agreements
Intragovernmental Eliminations
Fiscal Year End Reminders
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Fund Primary Assistant
Number Fund Title Fund Manager Fund Manager
12X4230 Rural Electrification and Telephone Revolving Fund, Liquidating Account Adam Gale
12X4336 Commodity Credit Corporation Fund, Liquidating Account Adam Gale
13X5396 Digital Television Transition and Public Safety Fund Carol Adam
14X4053 Helium Fund, Bureau of Land Management Gale Stephanie
15X4500 Prison Industries Fund, Department of Justice Stephanie Milissia
20X4521 Federal Financing Bank Revolving Fund Milissia Adam
33X0301 John F. Kennedy Parking Facilities, Smithsonian Institute Gale Carol
60X8010 Social Security Equivalent Benefit Account, Railroad Retirement Board Milissia Adam
64X4110 Tennesee Valley Authority Fund Carol Stephanie
69X1751 Ocean Freight Differential, Maritime Administration Adam Milissia
70X4236 Emergency Preparedness and Response, National Flood Insurance Fund Carol Milissia
86X4098 Low-Rent Public Housing Program, Renewal & Housing Assistance, HUD Adam Gale
89X4045 Bonneville Power Administration Fund Stephanie Carol
91X0242 College Housing and Academic Facilities Loans Liquidating Account Stephanie Carol
95X4331 Presidio Trust Expenses Gale Adam
96X3128 Washington Aqueduct Capital Improvements, Corps of Engineers Milissia Stephanie
Non-Credit Reform Fund Managers
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Non-Credit Reform Balances
5%$ 2,417Bonneville Power Administration
$53,247Total Loans Outstanding
1%$ 602Remaining 10 Funds
6%$ 3,115Rural Electrification & Telephone
8%$ 4,284Railroad Retirement Board
21%$11,074Commodity Credit Corporation
27%$14,420Federal Financing Bank
32%$17,335FEMA, National Flood Insurance
PercentBalance Outstanding
(millions)Agency
As of February 28, 2007
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Non-Credit Reform Balances
1%
32%
27%
21%
8%
6% 5%
FEMA, Nt'l Flood InsuranceFederal Financing BankCommodity Credit CorporationRailroad Retirement BoardRural Electrification & TelephoneBonneville Power AdministrationOther 10 Funds
Principal BalanceOutstanding as of February 28, 2007
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Standardizing Agreements
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Federal Borrowings Branch
DorothyDicks
JillReeves
StephanieBlair
GaleDaggett
CarolBrooks
MilissiaMorris
CrystalHanna
AdamCharlton
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Basic Accounting
16 Non Credit Reform Funds
4 Funds per Accountant per Year
16 / 4 = ?????
4 Years to Learn All the Funds
Q:
A:
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Standard Language
Borrowing Authority
Interest Calculations
Interest Accruals
Interest Payments & Credits
Miscellaneous
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Interest Calculations
Fixed vs Variable Rate
Calculating Late Payments
Capitalized Interest FFB
CCC
Bond Ratings Computation of Rate
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Interest Accruals
Timing Day of Deposit
Day of Withdrawal Methods
Actual / 360
Actual / 365 Actual / Actual
Other Misc.
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Interest Payments & Credits
Consistency Monthly
Quarterly Semi-Annually
Annually
Provide Supporting Documentationby 1 p.m. EST on the Last BusinessDay of the Month
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Miscellaneous
Prepaying without Penalty
Right to Assignment
Amending MOU
Exhibits or Attachments
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Summary of Presentation
Program Overview
Standardizing Loan Agreements
Intragovernmental Eliminations
Fiscal Year End Reminders
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Intragovernmental Eliminations
Required Quarterly Reporting
Major Difference: Accrual Method
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Reconciliation of Differences
Reports Available Online to Assist www.treasurydirect.gov/govt/reports/tbp/tbp.htm
Agency needs to fill in
all the fields in blue
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www.treasurydirect.gov/govt/apps/tbp/tbp.htm
Click here foronline reports
Borrowings Website
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Choose a Month
Monthly Balances Reports
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Online Report Selection
Detailed Fund Specific Report
Summary General Ledger Report
Addt’l Info:How to Use the Reports
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$183,666,140.13- $110,978.58$183,555,161.55
BPD Interest Receivable
Reported in IFCS
Detail Principal & Accrued InterestReport for December 2006
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23Interest Credit documentation was not received
timely resulting in a reconciling issue and improperrecording of revenues and expenses.
Detail Principal & Accrued Interest Report for January 2007
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Year End GWA Transactions
Certify Borrowing & RepaymentTransactions for September 30th
No Later than 3 p.m. ESTon Friday, September 28th
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25Year End InterestPayments & Credits
Deadline is Friday Sept. 28th Interest Credit Supporting Documentation is
due by 1 p.m.
Interest Payment via IPAC is due by 3 p.m. Options
Estimate Cash Balances for Sept 28th – 30th and Adjust with October or
Receive Credit through Sept 28th
based uponActual Cash Balances and Include Sept 29th-30th with October Credit
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Certified Interest Rates
www.treasurydirect.gov/govt/apps/tbp/tbp.htm
Click here forinterest rates
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Annual Interest Rates
www.treasurydirect.gov/govt/rates/tcir/tcir_opdirannual.htm#table8b
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Questions
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Address: Department of the Treasury
Bureau of the Public DebtFederal Borrowings Branch
Room H113
P.O. Box 396
Parkersburg, WV 26106-0396Phone: 304-480-7488
Fax: 304-480-5176
E-mail: [email protected]
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We would like to invite you and othermembers of your agency to visit the
Federal Borrowings Branch at the
Bureau of the Public Debt inParkersburg, WV