**International Monetary Fund (IMF) – New Arrangements to Borrow (NAB)**

**Impacts on the USSGL TFM**

***Proposed New SGL Accounts***

**Account Title:**Loans Receivable - International Monetary Fund 

**Account Number:**135090

**Normal Balance:**Debit 

**Definition:**The amount loaned to the International Monetary Fund under the New Arrangements to Borrow (NAB).  This USSGL can only be used by the Department of the Treasury.  This account does not close at yearend.

**Justification:**Needed to crosswalk to the 994 edit.

**Account Title:**Allowance for Loss on Loans Receivable - International Monetary Fund 

**Account Number:**135990

**Normal Balance:**Credit 

**Definition:**The estimated amounts of FX rate changes for loans to the International Monetary Fund under the New Arrangements to Borrow (NAB).  This USSGL can only be used by the Department of the Treasury.  This account does not close at yearend.

**Justification:**Allowance account associated with 135090.

**Account Title:**  Other Appropriations Realized - International Monetary Fund – New Arrangements to Borrow

**Account Number:**411993

**Normal Balance:** Debit

**Definition:** The amount of budget authority appropriated for International Monetary Fund as specified in the appropriation language for the increase in the New Arrangements to Borrow.  This USSGL can only be used by the Department of the Treasury.  

**Justification:**Implementing P.L. 114-113 as this fund has been designated a means of financing and will show no Budgetary Resources or Status of Budgetary Resources.  This USSGL will not crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.  However, it will keep the relationship between Proprietary and Budgetary for appropriations received.  This USSGL will crosswalk to the new memo lines associated with International Monetary Funds.

**Account Title:**  Other Appropriations Realized - International Monetary Fund – Exchange Rate Change (NAB)

**Account Number:**411994

**Normal Balance:** Debit

**Definition:** The amount of budget authority appropriated for International Monetary Fund due to an increase in the exchange rate in the New Arrangements to Borrow.  This USSGL can only be used by the Department of the Treasury.  

**Justification:**Implementing P.L. 114-113 as this fund has been designated a means of financing and will show no Budgetary Resources or Status of Budgetary Resources.  This USSGL will not crosswalk to the SF 133, Schedule P or Statement of Budgetary Resources.  However, it will keep the relationship between Proprietary and Budgetary for appropriations received.  This USSGL will crosswalk to the new memo lines associated with International Monetary Funds.

Attribute Table:

Since number 1 & 2 are just a reclassification, USSGL will not create a TC for these entries.

~~1.  (Child) To move balances in 135000 to 135090. (TC XXXX)~~

~~2.  (Child) To move balances in 135900 to 135990. (TC XXXX)~~

H442~~3.  (Child)~~To record the issuance of a new loan to IMF. ~~(TC XXXX)~~

H444~~4.  (Child)~~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)

Combined with H444 ~~5.  (Child) To record the repayment on the loan.  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)~~

H480 ~~8.~~To record the consolidation of actual net-funded resources and reductions for withdrawn funds ~~(TC F3XX).~~

H446~~9.  (Child)~~ To record in the FX rate change for loans (decrease in allowance/gain).~~(TC XXXX)~~

H448 ~~1.  (Parent)~~To record warrant for FX rate change. ~~(TC XXXX)~~

H449~~1.  (Child)~~To record in the FX rate change for loans (increase in allowance/loss). ~~(TC XXXX)~~

Page 1 of 6 	IRC Handout 4-20-17