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Federal Borrowings Program FAQ

What is the due date for submitting transactions for a given month?

Borrowing and repayment transactions must be submitted by 3:00 pm EST on the last business day of the month. Interest payments, with supporting documentation, are due on the interest payment date.

How do I inform the Federal Borrowings Branch (FBB) of a new sub-cohort?

If an agency records direct loans or loan guarantees at a level more detailed than the cohort level, the agency shall supply this information in the CARS supplemental information that corresponds to the borrowing transaction. If a new sub-cohort is submitted, send an e-mail to Borrowings@fiscal.treasury.gov providing the interest rate for the new sub-cohort.

What if I discover that I have borrowed or repaid too much on a transaction?

Notify the Federal Borrowings Branch by sending an e-mail to Borrowings@fiscal.treasury.gov and assistance will be provided.

When is my FCRA interest payment due?

FCRA interest payments, with supporting documentation, are due on the last business day of the fiscal year.

What if I can't pay my FCRA loan interest payment?

If funds are not available to meet your FCRA loan interest payment due on the last business day of the fiscal year, it is necessary to borrow the funds from Treasury. The effective date for borrowings to pay interest is September 30th.

Where can I find more information about FCRA borrowings?

Treasury Financial Manual (TFM) Volume I, Part 2, Chapter 4600

Office of Management & Budget (OMB) Circular A-11, Part 5

Office of Management & Budget (OMB) MAX System

OMB can be contacted by phone at 202-395-3945 or by e-mail at CSC2@omb.eop.gov

FBB can be contacted by phone at 304-480-7488 or by e-mail at Borrowings@fiscal.treasury.gov

Get help with the Detail Principal and Accrued Interest Balances Report.