Federal Borrowings Program
The Federal Borrowings Program is administered by the Bureau of the Fiscal Service’s (Fiscal Service) Federal Borrowings Branch. The purpose of the Federal Borrowings Program is to facilitate loans to federal agencies on behalf of the Department of the Treasury (Treasury). Federal agencies that have the appropriate legal authority granted by Congress through legislation may borrow funds from Treasury. The proceeds from these borrowings are used to support programs such as education, housing, flood relief, agriculture, and small businesses.
The Federal Borrowings Branch (FBB)
- Maintains the detailed records of the loan transactions between Treasury and other federal agencies.
- Accounts for and reports Treasury’s loans receivable and the related interest.
- Publishes Treasury certified interest rates
Credit and Non-Credit Reform Accounts
FBB uses the Federal Credit Reform Act of 1990, as amended (FCRA), to separate federal agencies’ borrowing accounts into two categories: accounts that are subject to FCRA (Credit Reform Accounts), and accounts that are not subject to FCRA (Non-Credit Reform Accounts). Select the links below for more information:
- Credit Reform Accounts
- New Accounts: Preparing to Borrow
- Borrowing and Repayment Transactions
- Interest Costs - Accruals and Payments to Treasury
- Non-Credit Reform Accounts
Federal Borrowings Program Reports
- Treasury Receivable Reports – Principal borrowings from Treasury and associated Interest Receivable and Revenue.
- Treasury Payable Reports - FCRA Interest on Uninvested Funds and associated Interest Expense. (This portion of the Federal Borrowings Program is administered by Fiscal Service’s Funds Management Branch.)
- Phone: 304-480-7488
- Email: Borrowings@fiscal.treasury.gov
- Address: Department of the Treasury
Bureau of the Fiscal Service
Federal Borrowings Branch, Room 119
Parkersburg Warehouse & Operations Center Dock 1
257 Bosley Industrial Park Drive
Parkerburg, WV 26101