SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

IMF

ALL NEW H400 series TCs

H400. To record warrant for Quota increase in the International Monetary Fund assets.

Budgetary

411991 Other Appropriations Realized - International Monetary Fund – Reserve Tranche

411992 Other Appropriations Realized – International Monetary Fund – Letter of Credit

462090 Unobligated Funds Exempt From Apportionment – IMF

Proprietary

101000 Fund Balance with Treasury

3101000 Unexpended Appropriations – Appropriations Received

H402. To record the present value payment in the International Monetary Fund. 

Budgetary

461000 Allotments – Realized Resources 

490200 Delivered Orders – Obligations, Paid

Proprietary

729090 Losses on International Monetary Fund Assets

119306 International Monetary Fund – RReceivable/Payable Currency Valuation 

Adjustment

H406 To record a Maintenance of Value Adjustment (increase), IMF.

Budgetary

411990 Other Appropriations Realized - IMF

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund

Proprietary

101000 Fund Balance with Treasury

3101000 Unexpended Appropriations –Appropriations Received
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

H410. To record the increase to the Letter of Credit for the International Monetary Fund. 

Budgetary

None

Proprietary

119309 International Monetary Fund – Currency Holdings

119305 International Monetary Fund –Letter of Credit 

H412 To record the decrease to the Letter of Credit that is moved to FRBNY Number 1 account. 

Budgetary

None

Proprietary

119305 International Monetary Fund – Letter of Credit

119333 International Monetary Fund – Reserve Position

101000 Fund Balance with Treasury

119309 International Monetary Fund – Currency Holdings

H420. To record the transfer-out of unobligated unexpired authority for the International 

Monetary Fund.

Budgetary

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund

417590 Allocation Transfers of Current-Year Authority for Noninvested Accounts –

International Monetary Fund

Proprietary

310300 Unexpended Appropriations – Transfers-Out

101000 Fund Balance with Treasury
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

H422. To record the transfer-in of unobligated unexpired authority for the International 

Monetary Fund.

Budgetary

417590 Allocation Transfers of Current-Year Authority for Noninvested Accounts –

International Monetary Fund 

462090 Unobligated Funds Exempt From Apportionment – IMF

Proprietary

101000 Fund Balance with Treasury

310200 Unexpended Appropriations – Transfers-In

H424 To record the decrease for the maintenance of value adjustment and transfer the excess.

Budgetary

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund 

417690 Allocation Transfers of Prior-Year Balances - International Monetary Fund

Proprietary

310300 Unexpended Appropriations – Transfers-Out

101000 Fund Balance with Treasury

H426 To record the transfer in of the excess funds due to the maintenance of value decrease 

adjustment. 

Budgetary

417690 Allocation Transfers of Prior-Year Balances - International Monetary Fund

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund 

Proprietary

101000 Fund Balance with Treasury

310200 Unexpended Appropriations – Transfers-In
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

H428 To record the return to the excess funds due to the maintenance of value decrease 

adjustment as a partial cancellation.

Budgetary

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund 

435190 Partial Cancellation of Authority - International Monetary Fund

Proprietary

310600 Unexpended Appropriations – Adjustments

101000 Fund Balance with Treasury

H430 To record the payment vouchers. 

Comment: Reverse this TC for amendments.

Budgetary

None

Proprietary

119305 International Monetary Fund – Letter of Credit

101000 Fund Balance with Treasury 

H432. To record a decrease to the Reserve Position. 

Comment: Reverse this TC for an increase.

Budgetary

None

Proprietary

119309 International Monetary Fund – Currency Holdings

119333 International Monetary Fund – Reserve Position 
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

H434 To record decrease in Currency.

Comment: Reverse this TC for an increase.

Budgetary

None 

Proprietary

119307 IMF – Dollar Deposits with the IMF 

119090 Other Cash – IMF

H436 To record a decrease in the Quota due to CVA. 

Comment: Reverse this TC for an increase.

Budgetary

None 

Proprietary

119306 IMF – Receivable/Payable Currency Valuation Adjustment

119309 IMF – Currency Holdings 

H438 To record gain in the Quota.

Budgetary

429590 Adjustments to the IMF

462090 Unobligated Funds Exempt From Apportionment – IMF

Proprietary

119309 IMF – Currency Holdings 

719090 Other Gains on IMF Assets 
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

H440 To record a gain in the Quota.

Budgetary

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund

429590 Adjustments to the IMF

Proprietary

729090 Other Losses on IMF Assets 

119309 IMF – Currency Holdings 

H442 To record the issuance of a new loan to IMF. (TC XXXX)

Budgetary

N/A 

Proprietary

135090 Loans Receivable – International Monetary Fund

101000 Fund Balance with Treasury

H444 To record the repayment on the loan. 

Comment: Debit USSGL account 135990 if the exchange rate is different from when the loan 

was issued as the amount of cash received was lower than when the loan was issued. Credit 

USSGL account 135990 if the exchange rate is different from when the loan was issued as the 

amount of cash received was higher than when the loan was issued. (TC XXXX)

Budgetary

N/A 

Proprietary

101000 Fund Balance with Treasury

135990 Allowance for Loss on Loans Receivable – International Monetary Fund

135090 Loans Receivable – International Monetary Fund
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

H446 To record in the FX rate change for loans (decrease in allowance/gain).

Budgetary

429590 Adjustments to the International

Monetary Fund

462090 Unobligated Funds Exempt From Apportionment – IMF

Proprietary

135990 Allowance for Loss on Loans Receivable – International Monetary Fund

719090 Other Gains on International Money Fund

H448 To record warrant for FX rate change. 

Budgetary

411994 Other Appropriations Realized – International Monetary Fund – Exchange Rate 

Changes (NAB)

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund

Proprietary

101000 Fund Balance with Treasury

310100 Unexpended Appropriations – Appropriations Received

H449 To record in the FX rate change for loans (increase in allowance/loss).

Budgetary

462090 Unobligated Funds Exempt From Apportionment – International Monetary Fund 

429590 Adjustments to the International Monetary Fund

Proprietary

729090 Other Losses on International Money Fund

135990 Allowance for Loss on Loans Receivable – International Monetary Fund 
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

H450 To record the Letter Of Credit for Maintenance of Value due to IMF.

Comment: Reverse this TC for a debit voucher.

Budgetary

None

Proprietary

119306 International Monetary Fund – Receivable/Payable Currency Valuation

119305 IMF – Letter of Credit

H480 To record the consolidation of actual net-funded resources and reductions for withdrawn 

funds.

Budgetary

417590 Allocation Transfers of Current Year Authority for Non-invested Accounts – IMF

420190 Total Actual Resources – Collected – IMF

411991 Other Appropriations Realized -IMF Reserve Tranche

411992 Other Appropriations Realized - IMF Letter of Credit

420190 Total Actual Resources – Collected - IMF

Proprietary

None
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC Handout April 20, 2017

ESF

C127 To record the maturity of non-federal Exchange Stabilization Fund securities (long-term 

bonds) sold at PAR and receive a coupon payment. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 120900 Uninvested Foreign Currency 

Credit 134200 Interest Receivable - Investments 

Credit 167000 Foreign Investments

C600 To record the sale of non-federal securities (long-term bonds) by the Exchange 

Stabilization Fund at a premium 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 120900 Uninvested Foreign Currency 

Credit 134200 Interest Receivable - Investments 

Credit 167000 Foreign Investments 

Credit 167200 Premium on Foreign Investments

C601 To record the sale of non-federal securities (long-term bonds) by the Exchange 

Stabilization Fund at a discount. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 120900 Uninvested Foreign Currency 

Debit 167100 Discount on Foreign Investments 

Credit 134200 Interest Receivable - Investments 

Credit 167000 Foreign Investments
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC Handout April 20, 2017

C419 To record accrual of interest receivable on non-federal securities with a bond premium. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Credit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Credit 426800 Interest Collected From Foreign Securities and Special Drawer 

Rights

Proprietary Entry 

Debit 134200 Interest Receivable - Investments 

Credit 167200 Premium on Foreign Investments 

Credit 531100 Interest Revenue – Investments

C423 To record accrual of interest receivable on non-federal securities with a bond discount. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 134200 Interest Receivable - Investments 

Debit 167100 Discount on Foreign Investments 

Credit 531100 Interest Revenue – Investments

C113 To record receipt of coupon payment and interest collection on non-federal securities. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 120900 Uninvested Foreign Currency 

Debit 167000 Foreign Investments 

Credit 134200 Interest Receivable – Investments

C126 To record maturity and reversing interest accrual for Exchange Stabilization Fund 

investments. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC Handout April 20, 2017

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 120900 Uninvested Foreign Currency 

Credit 120500 Foreign Currency Denominated Equivalent Assets 

Credit 134200 Interest Receivable - Investments 

Credit 138400 Interest Receivable - Foreign Currency Denominated Assets 

Credit 167000 Foreign Investments

C157 To record the capitalization of interest on Exchange Stabilization Fund foreign currency 

investments. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 120500 Foreign Currency Denominated Equivalent Assets 

Credit 138400 Interest Receivable - Foreign Currency Denominated Assets

C115 To record interest payments received from ESF foreign currency investments for Time 

Deposits, Overnight Deposits, and Reverse Repurchase Agreements. 

Comment: For the Department of the Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 120500 Foreign Currency Denominated Equivalent Assets 

Credit 138400 Interest Receivable - Foreign Currency Denominated Assets

C119 To record the receipt of remuneration. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC Handout April 20, 2017

Debit 119400 Exchange Stabilization Fund Assets - Holdings of Special Drawing Rights 

Credit 579000 Other Financing Sources

B210 To record the payment of remuneration. 

Comment: For the Department of Treasury use only. Due to the unique budgetary reporting by 

the Exchange Stabilization Fund, no outlay is reported. 

Reference: Other Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Debit 490100 Delivered Orders - Obligations, Unpaid 

Credit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Credit 426800 Interest Collected From Foreign Securities and Special Drawer 

Rights

Proprietary Entry 

Debit 211000 Accounts Payable 

Debit 633800 Remuneration Interest 

Credit 161000 Investments in U.S. Treasury Securities Issued by the Bureau of the Fiscal 

Service

B446 To record the IMF Annual Assessment. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 490100 Delivered Orders - Obligations, Unpaid 

Credit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Credit 426800 Interest Collected From Foreign Securities and Special Drawer 

Rights

Proprietary Entry 

Debit 211000 Accounts Payable 

Debit 679000 Other Expenses Not Requiring Budgetary Resources

Credit 119400 Exchange Stabilization Fund Assets - Holdings of Special Drawing Rights 

Credit 610000 Operating Expenses/Program Costs
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC Handout April 20, 2017

D612 To record SDR interest and charges accrual with a net effect of an unrealized gain. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Credit 490100 Delivered Orders - Obligations, Unpaid 

Credit 498100 Upward Adjustments of Prior-Year Delivered Orders - Obligations, 

Unpaid

Proprietary Entry 

Debit 134400 Interest Receivable on Special Drawing Rights 

Debit 633000 Other Interest Expenses 

Debit 729100 Other Losses for Accrued Special Drawing Right (SDR) Interest and Charges

Credit 214000 Accrued Interest Payable - Not Otherwise Classified 

Credit 531100 Interest Revenue - Investments 

Credit 719100 Other Gains for Accrued Special Drawing Right (SDR) Interest and 

Charges

D614 To record SDR interest and charges accrual with a net effect of an unrealized loss. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Credit 490100 Delivered Orders - Obligations, Unpaid 

Credit 498100 Upward Adjustments of Prior-Year Delivered Orders - Obligations, 

Unpaid

Proprietary Entry 

Debit 134400 Interest Receivable on Special Drawing Rights 

Debit 633000 Other Interest Expenses 

Debit 729100 Other Losses for Accrued Special Drawing Right (SDR) Interest and Charges 

Credit 214000 Accrued Interest Payable - Not Otherwise Classified 

Credit 531100 Interest Revenue – Investments

Credit 719100 Other Gains for Accrued Special Drawing Right (SDR) Interest and 

Charges

D610 To record the realized gain from the revaluation to US dollars for Special Drawing Right 

allocations. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 490100 Delivered Orders - Obligations, Unpaid

Debit 497100 Downward Adjustments of Prior-Year Unpaid Delivered Orders -

Obligations, Recoveries
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC Handout April 20, 2017

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 219300 Allocation of Special Drawing Rights (SDRs) 

Credit 719000 Other Gains

D616 To record the tru up of Special Drawing right interest accrual and charges for the Quarter. 

Comment: For the Department of Treasury use only. 

Reference: Other USSGL Guidance: Accounting and Reporting Exchange Stabilization Fund 

Budgetary Entry 

Debit 426600 Other Actual Business-Type Collections From Non-Federal Sources 

Debit 426800 Interest Collected From Foreign Securities and Special Drawer Rights

Debit 490100 Delivered Orders - Obligations, Unpaid 

Debit 497100 Downward Adjustments of Prior-Year Unpaid Delivered Orders -

Obligations, Recoveries

Credit 463500 Funds Not Available - Adjustments to the Exchange Stabilization Fund 

Proprietary Entry 

Debit 119400 Exchange Stabilization Fund Assets - Holdings of Special Drawing Rights 

Debit 214000 Accrued Interest Payable - Not Otherwise Classified 

Credit 134400 Interest Receivable on Special Drawing Rights
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

CREDIT REFORM

PROPOSED TRANSACTION CODE CHANGES TO 2017

A202 To record in the financing account an appropriation received for a positive modification adjustment 

transfer. 

Comment: Also post USSGL TC-A204 and TC-B134.

Budgetary Entry 

Debit 412500 Loan Modification Adjustment Transfer Appropriation 

 Credit 412000 Anticipated Indefinite Appropriations 

 Credit 445000 Unapportioned Authority 

Proprietary Entry 

Debit 101000 Fund Balance With Treasury 

 Credit 579000 Other Financing Sources

Credit 310100 Unexpended Appropriations - Appropriations Received

Justification: USSGL account 579000 is not the correct USSGL account should be 310100. Since 

positive modifications adjustment transfers are treated as a permanent appropriations from the General 

Fund. 

D147 To adjust loan guarantee liability and direct loan allowance for downward reestimate of subsidy 

expense in the financing account.

Comment: Also post USSGL TC-D146. Transactions USSGL TC-D146 and TC-D147 should be 

done simultaneously in both the credit reform program and financing accounts. See 

USSGL TC- F124 for the preclosing adjusting entry recorded at yearend.

Reference: USSGL implementation guidance; General Fund Receipt Account Guide

Budgetary Entry

None

Proprietary Entry

139900 Allowance for Subsidy

Debit 218000 Loan Guarantee Liability

Credit 579100 Adjustments to Financing Sources - Credit Reform

Justification: USSGL account 139900 is missing from entry for the financing fund for downward reestimates.

C118 To record in the financing fund fees earned when loans are disbursed.

Comment: For loan guarantees and direct loans, fees are earned when the third party disburses.

Reference: USSGL implementation guidance; Credit Reform Case Studies
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

Budgetary Entry

None

Proprietary Entry

Debit 232000 Other Deferred Revenue

Credit 138900 Allowance for Subsidy - Loans - Troubled Assets Relief 

Credit 139900 Allowance for Subsidy

Credit 218000 Loan Guarantee Liability

Justification: Direct Loans can also use USSGL account 232000 and 139900.

A204 To record positive modifications for subsidy cost and adjustment transfers related to Direct Loans 

and Loan Guarantee liabilities in the financing account. 

Budgetary Entry 

None 

Proprietary Entry 

Debit 579100 Adjustments to Financing Sources – Credit Reform

Debit 729000 Other Losses 

 Credit 139900 Allowance for Subsidy 

 Credit 218000 Loan Guarantee Liability

Justification: Changes made to Credit Reform Case Studies. USSGL account 729000 is in the program 

account..

New TC A206 To record positive modifications for subsidy cost and adjustment transfers related to 

Direct Loans and Loan Guarantee liabilities in the program account.

Budgetary Entry

None

Proprietary Entry

Debit 72900 Other Losses

 Credit 719000 Gains

 Credit USSGL account 579100 Adjustments to Financing Sources – Credit Reform

Justification: This is a new TC that was added to Credit Reform Case Study and is not in Section III 

Transactions.

New TC D149 To record negative subsidy disbursement in the financing fund.

Comment: Also post USSGL TC-D150 for the program account and TC-E509 for the financing account

to record the transfer to the General Fund Receipt Account.
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF IMF, ESF, AND 

CREDIT REFORM SCENARIO PROPOSALS

IRC HANDOUT APRIL 20, 2017

Budgetary Entry

Debit 480100 Undelivered Orders – Obligations, Unpaid 

 Credit 490200 Delivered Orders – Obligations, Paid 

Proprietary Entry

Debit 139900 Allowance for Subsidy

 Credit 579100 Adjustment to Financing Sources – Credit Reform 

Justification: This is a new TC that was added to Credit Reform Case Study and is not in Section III 

Transactions.

New TC D150 To adjust program fund for negative subsidy disbursement from the financing fund.

Comment: See USSGL TC-D149. Transactions USSGL TC-D149 and TC-D150 should be done 

simultaneously in both the credit reform program and financing fund.

Budgetary Entry

None

Proprietary Entry

Debit 579100 Adjustment to Financing Sources – Credit Reform

 Credit 619900 Adjustment to Subsidy Expense

Justification: This is a new TC that was added to Credit Reform Case Study and is not in Section III 

Transactions.

B105 To record the subsidy expense in the program fund that is paid to the financing fund when the loan 

is disbursed.

Comment: Agencies must use all the USSGL accounts indicated in this transaction. Each debit and 

credit must be in the same amount. If funded by a direct appropriation, also post USSGL 

TC-B134.

Reference: USSGL implementation guidance; Credit Reform Case Studies

Budgetary Entry

Debit 480100 Undelivered Orders - Obligations, 

Credit 490200 Delivered Orders - Obligations, Paid

Proprietary Entry

Debit 217000 Subsidy Payable to the Financing 

Debit 610000 Operating Expenses/Program Costs

Credit 101000 Fund Balance WithTreasury

 Credit 680000 Future Funded Expenses

Justification: USSGL account 680000 is included in Credit Reform Case Study.
SECTION III TRANSACTION CODE CHANGES AS A RESULT OF ESF, IMF, AND 

CREDIT REFORM SCENARIO PROPASALS 

IRC HANDOUT APRIL 20, 2017

NEW TC A208: To record negative modifications for subsidy cost and adjustment transfers related to Direct Loans 

and Loan Guarantee liabilities in the program account.

Budgetary Entry

None

Proprietary Entry

Debit 579100 Adjustments to Financing Sources – Credit Reform 

 Credit 719000 Other Gains

Justification: This is a new TC that was added to Credit Reform Case Study and is not in Section III Transactions.