Proposed	USSGL	accounts	214100	&	214200	 	 	 IRC	Han

April 2015

Creation of New U.S. Standard General Ledger (USSGL) account to Record Accrued Interest Payable on Federal Investm

Purpose:To create a USSGL account that can be used to report accrued interest payable on securities issued by the Bureau of the F

Service) and other agencies with authority to issue securities.

Issue:With the current USSGL structure interest receivable is broken out into three unique types while the reciprocating accoun

are broken out into two types as shown below:

Accrued Interest Payable Interest Receivable

214000 Accrued Interest Payable Not OtherwiseClassified

134000 Interest Receivable – Not Otherwise

Classified

214100 Accrued Interest Payable – Debt 134100 Interest Receivable – Loans

134200 Interest Receivable – Investments

While interest receivable is broken out between loans and investments, accrued interest payable is not.

Proposal:In order to distinguish between the three types of interest payable a new USSGL could be created and the description of 

as shown below in bold italics.

Accrued Interest Payable Interest Receivable

214000 Accrued Interest Payable Not OtherwiseClassified

134000 Interest Receivable – Not Otherwise

Classified

214100 Accrued Interest Payable – Loans 134100 Interest Receivable – Loans214200 Accrued Interest Payable – Debt 134200 Interest Receivable – InvestmentsJustification for new USSGL:

Under the current environment accrued interest payable by federal agencies on borrowings and accrued interest payable 

Service on agency investments fall under the same reciprocal category (RC 02) with no distinction between the two. The 

payable by agencies on borrowings is comingled with accrued interest payable on investments by Treasury and FFB creati
Proposed	USSGL	accounts	214100	&	214200	 	 	 IRC	Han

Intragovernmental reporting issue. The creation of this new USSGL and the renaming of USSGL 214100 will enable these 

interest payables to be reported separately.

Proposed Account Title: Accrued Interest Payable - Debt Loans Account Number: 214100 Normal Balance: Credit Proposed Definition: The amount of interest accrued and owed to others that is the result of loans and securities iand special financing authority. This does not include accrued interest payable on , including securities issued by Fiscal Service, Federal Financing Bank and agencies with authority to issue securities, which should be reported 214200. This account does not close at yearend. Proposed Account Title: Accrued Interest Payable - Debt Proposed Account Number: 214200 Proposed Normal Balance: Credit Proposed Definition: The amount of interest accrued and owed to agencies that is the result of securities issued bFiscal Service, Federal Financing Bank and agencies with Authority to Issue Securities. This account does not cl
Proposed	USSGL	accounts	214100	&	214200	 	 	 IRC	Han

Section III The following TCs will be updated: B112, D102, D107, D110, D134, & D308 Attribute Table: 

No. USSGL Account 

Title 

Anticipated Budg/Prop Norm 

Bal 

Begin/End Debit/Credit Auth 

Type 

Code

Apport 

Cat 

Apport 

Cat B 

Ava

Tim

214100 Accrued Interest 

Payable - Loans 

N P C B/E D/C 

214200 Accrued Interest 

Payable - Debt 

N P C B/E D/C 
Proposed	USSGL	accounts	214100	&	214200	 	 	 IRC	Han

Reduction 

Type Fund Type 

Reporting 

Type 

Code 

Financing 

Account

Code 

TAS 

Status

Trans. 

Code 

 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N E/U X/N 

 CF/DF/EC/EG/EM/EP/ER/ES/ET/GA/TR/UG/US/UT E/F/U D/G/N E/U X/N 

Crosswalks Impacted: 

USSGL

Account 

Number

Balance 

Sheet

Net Cost Net 

Position

Custodial 

Activity

P&F/ 

SF133

SBR Reclassified 

Balance 

Sheet

Recla

Stateof N

214100 Line 18 & 23 N/A N/A N/A N/A N/A Line 6.2 & 7.4 N/A 214200 Line 18 & 23 N/A N/A N/A N/A N/A Line 6.2 & 7.4 N/A 

BEA 

Cat 

Borrow 

Source 

Budgetary 

Impact 

Indicator 

Cohort Yr Cust/ Noncust Exch/ Nonexch Fed/ NonFed Trading Ptnr Trading Ptnr 

Main 

PY 

Adj 

Program 

Indicator

Program 

Rpt Cat 

R

F

F/N ### /#### F/N ### /####