International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 1 of 17 IRC Handout 4-20-17

Proposed New SGL Accounts:

Account Title: Other Cash – International Monetary Fund 

Account Number: 119090

Normal Balance: Debit 

Definition: The amount of cash holdings in FRBNY Number 1 account. 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 Edit 994.

Account Title: Other Appropriations Realized - International Monetary Fund – Reserve 

Tranche

Account Number: 411991

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 reserve tranche position. 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.

Account Title: Other Appropriations Realized - International Monetary Fund – Letter of Credit

Account Number: 411992

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 letter of credit. 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.
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 2 of 17 IRC Handout 4-20-17

Account Title: Adjustments to the International Monetary Fund

Account Number: 429590

Normal Balance: Debit

Definition: The amount of increase or decrease in International Monetary Fund as a result of 

revaluation and foreign exchange rate adjustments. Although the normal balance in this account 

is a debit, it is acceptable in certain instances for this account to have a credit balance (when a 

loss is recognized).

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. 

Account Title: Partial Cancellation of Authority – International Monetary Fund

Account Number: 435190

Normal Balance: Credit

Definition: The amount of no-year appropriation authority that is canceled early by 

administrative action. 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

Delete SGL Account

Account Title: International Monetary Fund Assets - Reserve Position 

Account Number: 119300

Normal Balance: Debit 

Definition: The balance of assets held in the International Monetary Fund excluding holdings of 

Special Drawing Rights. This account does not close at yearend. 
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 3 of 17 IRC Handout 4-20-17

Attribute Table:

USSGL 

Acct.

USSGL Account Title Antici

pated

Budg

/Prop

Norm

Bal

Begin

/End

Debit/

Credit

Auth

Type

Code

Apport

Cat

Apport

Cat B

119090 Other Cash – International Monetary 

Fund

N P D B/E D/C

411991 Other Appropriations Realized –

International Monetary Fund – Reserve 

Tranche

N B D E D/C

411992 Other Appropriations Realized –

International Monetary Fund – Letter of 

Credit

N B D E D/C

429590 Adjustments to the International 

Monetary Fund

N B D B/E D/C

435190 Partial Cancellation of Authority –

International Monetary Fund

N B C E D/C

USSGL 

Acct.

Avail

Time

BEA

Cat

Budgetary

Impact

Indicator

Cohort

Yr

Cust/

Noncust

Exch/

Nonexch

Fed/

NonFed

Trading

Ptnr

Trading

Pntr

Main

PY

Adj

Program

Indicator

119090

719090 D/E X/T P

729090 D/E X/T P

411991 B/P/X

411992 B/P/X

429590 P/X

435190 D/M B/P/X

462090 B/P/X

USSGL 

Acct.

Program

Rpt Cat

Reimb

Flag

Year

of BA

Reduction

Type

Fund

Type

Reporting

Type Code

Financing

Account

Code

TAS

Status

Trans

Code

119090 EG U N U N

411991 EG U N U N

411992 EG U N U N

429590 EG U N U N

435190 EG U N U N
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 4 of 17 IRC Handout 4-20-17

Impacts to Crosswalks:

USSGL 

Account

SF 

133 P&F

Bal 

Sheet

Stmt of 

Net Cost

Stmt of 

Changes in 

Net Pos

Stmt of 

Cust 

Activ

Stmt 

of 

Budg

Res Reclass Stmts

119090 N/A N/A Line 7 N/A N/A N/A N/A BS line 2.1

719090

N/A N/A Line 33 X – Line 1

T/D – Line 9

T/E – Line 13 N/A N/A

BS – Line 9.2

SNC – X Line ll

SNCP – T –

Line 5.7

729090

N/A N/A Line 33 X – Line 1

T/D – Line 9

T/E – Line 13 N/A N/A

BS – Line 9.2

SNC – X Line 2

SNCP – T –

Line 5.7

411991 N/A 5110 N/A N/A N/A N/A N/A N/A

411992 N/A 5111 N/A N/A N/A N/A N/A N/A

429590 N/A N/A N/A N/A N/A N/A N/A N/A

435190 N/A N/A N/A N/A N/A N/A N/A N/A

Impacts to Section III (TCs):

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

Public Law when Quota is increased in SDRs). (TC XXXX) Note: There are generally two 

warrants done. To ensure that we have enough funds available at the time of disbursement, 

we request an initial warrant a couple weeks before the funding date. That allows us to get all 

the paperwork completed and approved and to get the Fund Balance with Treasury. Since we 

only need to fund 25%, we know we would be close enough to make the disbursement. Then, 

we request a second warrant to true-up the Fund Balance with Treasury to the actual 

exchange rate used on the funding date. 

11X0003 Debit Credit

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 –

45,000,000,000.00

15,000,000,000.00

60,000,000,000.00

60,000,000,000.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 5 of 17 IRC Handout 4-20-17

 Appropriations Received

60,000,000,000.00

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

a reconciliation difference between Treasury and IMF. (TC XXXX) (224 subclass 10 – USSGL 

729090 and 224 subclass 06 USSGL 119306)

2011X0003 Debit Credit

Budgetary

461000 Allotments – Realized Resources 

490200 Delivered Orders – Obligations, 

Paid

Proprietary

729090 Losses on International Monetary Fund 

Assets

119306 International Monetary Fund –

Receivable/Payable Currency Valuation 

Adjustment

145,430,113.00

145,430,113.00

145,430,113.00

145,430,113.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 6 of 17 IRC Handout 4-20-17

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

Monetary Fund. to the child account via SF 1151 Nonexpenditure Transfer Authorization 

(Example A). (TC XXXX) 

11X0003 Debit Credit

Budgetary

462090 Unobligated Funds Exempt From 

Apportionment – International Monetary Fund

417590 Allocation Transfers of CurrentYear Authority for Noninvested Accounts –

International Monetary Fund

Proprietary

310300 Unexpended Appropriations – TransfersOut

101000 Fund Balance with Treasury

60,000,000,000.00

60,000,000,000.00

60,000,000,000.00

60,000,000,000.00

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

Monetary Fund. from the parent account via SF 1151 Nonexpenditure Transfer Authorization. 

(TC XXXX) 

2011X0003 Debit Credit

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

60,000,000,000.00

60,000,000,000.00

60,000,000,000.00

60,000,000,000.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 7 of 17 IRC Handout 4-20-17

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

XXXX) (224 subclass 01 – USGL 119309 and 224 subclass 05 – USSGL 119305)

2011X0003 Debit Credit

Budgetary

None

Proprietary

119309 International Monetary Fund – Currency 

Holdings

119305 International Monetary Fund –

Letter of Credit 

60,000,000,000.00

60,000,000,000.00

H412 To record the 25 percent to movement to decrease to the Letter of Credit that is moved to 

FRBNY Number 1 account. (TC XXXX) (224 subclass 05 – USSGL 119305) Due to the large 

amount, Fiscal Service Cash Forecasting needs to be notified by FS Form 187 (Agency Report 

for Treasury Cash Forecasting Advance Notice of Large Deposits or Payments of $50 Million 

or More) per Treasury Financial Manual, Volume 1, Part 6, Chapter 8500

2011X0003 Debit Credit

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

15,000,000,000.00

15,000,000,000.00

15,000,000,000.00

15,000,000,000.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 8 of 17 IRC Handout 4-20-17

H430 To record the monthly activity – payment vouchers. (TC XXXX) (224 subclass 05 –

USSGL 119305)

Comment: Reverse this TC for amendments.

2011X0003 Debit Credit

Budgetary

None

Proprietary

119305 International Monetary Fund – Letter of 

Credit

101000 Fund Balance with Treasury 312,000,000.00

312,000,000.00

12 (Child). To record the monthly activity – amendments. (TC XXXX) (224 subclass 05 –

USSGL 119305)

2011X0003 Debit Credit

Budgetary

None

Proprietary

101000 Fund Balance with Treasury

119305 International Monetary Fund –

Letter of Credit 

11,000,000.00

11,000,000.00

H432. To record a decrease to the monthly activity – Reserve Position (Decrease). (TC XXXX) 

Comment: Reverse this TC for an increase.

2011X0003 Debit Credit

Budgetary

None

Proprietary

119309 International Monetary Fund – Currency 

Holdings

119333 International Monetary Fund –

Reserve Position 

50,000,000.00

50,000,000.00

14 (Child). To record the monthly activity – Reserve Position (Increase). (TC XXXX) 
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 9 of 17 IRC Handout 4-20-17

2011X0003 Debit Credit

Budgetary

None

Proprietary

119333 International Monetary Fund – Currency 

Holdings

119309 International Monetary Fund –

Reserve Position 

40,000,000.00

40,000,000.00

H434 To record increase in Currency (Increase). (TC XXXX) 

2011X0003 Debit Credit

Budgetary

None

Proprietary

119090 Other Cash – International Monetary Fund

119307 IMF – Deposits with the IMF 

40,000,000.00

40,000,000.00

H 434 To record decrease in the monthly activity – Currency (Decrease). (TC XXXX) (224 

subclass 07 – USSGL 119307 and 224 subclass 04 USSGL 119090.)

Comment: Reverse this TC for an increase.

2011X0003 Debit Credit

Budgetary

None

Proprietary

119307 IMF – Dollar Deposits with the IMF 

119090 Other Cash – IMF

10,000,000.00

10,000,000.00

17 (Child). To record the monthly activity – Quota (Increase due to CVA). (TC XXXX) (224 

subclass 09 – USSGL 119309 and 224 subclass 06 – USSGL 119306)

2011X0003 Debit Credit

Budgetary

None

Proprietary

119309 IMF – Currency Holdings 

119306 IMF – Receivable/Payable 

410,000,000.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 10 of 17 IRC Handout 4-20-17

Currency Valuation Adjustment 410,000,000.00

H 436 To record a decrease in the Quota due to CVA. (Decrease due to CVA). (TC XXXX) 

(224 subclass 06 – USSGL 119306 and 224 subclass 09 – USSGL 119309)

Comment: Reverse this TC for an increase.

2011X0003 Debit Credit

Budgetary

None

Proprietary

119306 IMF – Receivable/Payable Currency 

Valuation Adjustment

119309 IMF – Currency Holdings 

375,000,000.00

375,000,000.00

H438 To record gain the monthly activity – in the Quota (Gain) (TC XXXX) (224 subclass 09 

– USSGL 119309 and 224 subclass 18 – USSGL 719090)

2011X0003 Debit Credit

Budgetary

429590 Adjustments to the IMF

462090 Unobligated Funds Exempt From 

Apportionment – IMF

Proprietary

119309 IMF – Currency Holdings 

719090 Other Gains on IMF Assets 

90,000,000.00

90,000,000.00

90,000,000.00

90,000,000
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 11 of 17 IRC Handout 4-20-17

H440 To record a gain in the monthly activity – Quota (Loss) (TC XXXX) (224 subclass 18 –

USSGL 729090 and 224 subclass 09 – USSGL 119309)

2011X0003 Debit Credit

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 

75,000,000.00

75,000,000.00

75,000,000.00

75,000,000,000
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 12 of 17 IRC Handout 4-20-17

H406 21. To record a Maintenance of Value Adjustment (increase), IMF IMF issues their annual 

financial statements as of the end of April. At this time, maintenance of value adjustment is 

done. The IMF assets are in SDRs which is basket of five different currencies. When there is an 

increase (Treasury needs more US dollars to get to the SDR equivalents), Treasury will request a 

warrant for this amount. This request is requested in a different TAS (11X0004 Maintenance of 

Value Adjustment, IMF). For President’s Budget presentation, 11X0004 is part of 184-60-0003 

(TC XXXX). For when the maintenance of value adjustment is a decrease, see Part II.

11X0004 Debit Credit

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

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

Replaced by H42022. To record the transfer-out of maintenance of value adjustment. to 

11X0003 via SF 1151 Nonexpenditure Transfer Authorization. (TC XXXX) 

11X0004 Debit Credit

Budgetary

462090 Unobligated Funds Exempt From 

Apportionment – International Monetary Fund

417590 Allocation Transfers of CurrentYear Authority for Noninvested Accounts –

International Monetary Fund

Proprietary

310300 Unexpended Appropriations – TransfersOut

101000 Fund Balance with Treasury

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

Replaced by H422 23a (Parent). To record the transfer-in of maintenance of value adjustment 

from 11X0004 via SF 1151 Nonexpenditure Transfer Authorization. (TC XXXX)

11X0003 Debit Credit
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 13 of 17 IRC Handout 4-20-17

Budgetary

417590 Allocation Transfers of Current-Year 

Authority for Noninvested Accounts – IMF

462090 Unobligated Funds Exempt From 

Apportionment – IMF

Proprietary

101000 Fund Balance with Treasury

310200 Unexpended Appropriations –

Transfers-In

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

Replaced by H406 23b (Parent). To record the transfer-out of maintenance of value adjustment 

to 2011X0003 via SF 1151 Nonexpenditure Transfer Authorization. (TC XXXX)

11X0003 Debit Credit

Budgetary

462090 Unobligated Funds Exempt From 

Apportionment – International Monetary Fund 

417590 Allocation Transfers of CurrentYear Authority for Noninvested Accounts –

International Monetary Fund

Proprietary

310300 Unexpended Appropriations – TransfersOut

101000 Fund Balance with Treasury

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

Replaced by H422 23c (Child). To record the transfer-in of maintenance of value adjustment 

from 11X0003 via SF 1151 Nonexpenditure Transfer Authorization. (TC XXXX) 

2011X0003 Debit Credit

Budgetary

417590 Allocation Transfers of Current-Year 

Authority for Noninvested Accounts - IMF

462090 Unobligated Funds Exempt From 

Apportionment – IMF

Proprietary

101000 Fund Balance with Treasury

310200 Unexpended Appropriations –

Transfers-In

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25

1,183,290,613.25
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 14 of 17 IRC Handout 4-20-17

H450 23d (Child). To record the Amendment to Letter Of Credit for Maintenance of Value due 

to IMF. (TC XXXX) (224 Subclass 06 – USSGL 119306 and 224 subclass 05 – USSGL 

119305)

Comment: Reverse this TC for a debit voucher.

2011X0003 Debit Credit

Budgetary

None

Proprietary

119306 International Monetary Fund –

Receivable/Payable Currency Valuation

119305 IMF – Letter of Credit

1,183,290,613.25

1,183,290,613.25

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

funds (TC XXXX) Note: If the balances did not net zero, there would be a balance in 420190.

11X0003 Debit Credit

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

No Entry

60,000,000,000.00

60,000,000,000.00

45,000,000,000.00

15,000,000,000.00

60,000,000,000.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 15 of 17 IRC Handout 4-20-17

Replaced by H480 31. To record the consolidation of actual net-funded resources and reductions 

for withdrawn funds (TC FXXXX).

2011X0003 Debit Credit

Budgetary

420190 Total Actual Resources – Collected – IMF

417590 Allocations Transfers of CurrentYear Authority for Non-invested Accounts 

– International Monetary Fund

Proprietary

No Entry

61,183,290,613.25

61,183,290,613.25

Combined with H450 To record in the child account the debit voucher Letter Of Credit for 

Maintenance of Value due IMF. (TC XXXX) 

2011X0003 Debit Credit

Budgetary

None

Proprietary

119305 IMF – Letter of Credit

119306 International Monetary Fund –

Receivable/Payable Currency Valuation

4,144,394,378.00

4,144,394,379.00

H 424 To record in the child account the decrease for the maintenance of value adjustment and 

transfer the excess. to 11X0003 via SF 1151 Nonexpenditure Transfer Authorization. As the 

original and subsequent increases to the unobligated balance were done in previous years, this 

will be a transfer of prior-year balances. (TC AXXX) 

2011X0003 Debit Credit

Budgetary

462090 Unobligated Funds Exempt From 

Apportionment – International Monetary Fund 

417690 Allocation Transfers of Prior-Year 

Balances - International Monetary Fund

Proprietary

310300 Unexpended Appropriations – TransfersOut

101000 Fund Balance with Treasury

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 16 of 17 IRC Handout 4-20-17

H424 To record in the child account the decrease for the maintenance of value adjustment and 

transfer the excess. to 11X0003 via SF 1151 Nonexpenditure Transfer Authorization. As the 

original and subsequent increases to the unobligated balance were done in previous years, this 

will be a transfer of prior-year balances. (TC A404) Need to update for new USSGLs

2011X0003 Debit Credit

Budgetary

462090 Unobligated Funds Exempt From 

Apportionment – International Monetary Fund 

417690 Allocation Transfers of Prior-Year 

Balances - International Monetary Fund

Proprietary

310300 Unexpended Appropriations – TransfersOut

101000 Fund Balance with Treasury

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00

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

decrease adjustment. (TC XXXX)

11X0003 Debit Credit

Budgetary

417690 Allocation Transfers of Prior-Year 

Balances - International Monetary Fund

462090 Unobligated Funds Exempt From 

Apportionment – IMF

Proprietary

101000 Fund Balance with Treasury

310200 Unexpended Appropriations –

Transfers-In

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00
International Monetary Fund (IMF) – Quota

Impacts on the USSGL TFM

Page 17 of 17 IRC Handout 4-20-17

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

adjustment as a partial cancellation. via a surplus warrant. (TC XXXX)

11X0003 Debit Credit

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

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00

4,144,394,378.00