Each entity should report foreign currency held by the United States on its Adjusted Trial-Balance by U.S. This section defines the reporting requirements for government entities as they relate to the purchase of foreign currency and non-purchase foreign currency X7000 accounts.

The head of each executive entity shall give the Secretary reports and information on the financial conditions and operations of the entity the Secretary requires to prepare the reports.Īdditional guidance can be found in TFM Volume I, Part 2, Chapter 4700įor terms and definitions related to this chapter, please view the TFM Glossary. 3513, the Secretary of the Treasury shall prepare reports that will inform the President, Congress, and the public on the financial operations of the United States Government.

10488 dated September 23, 1953, as amended, authorizes the Secretary of the Treasury (Secretary) to prescribe regulations for the administration and reporting of the purchase, custody, deposit, transfer, and sale of foreign currency by all executive departments and entities of the United States. The procedures prescribed by this chapter are required pursuant to Title 31 of the Code of Federal Regulations, Part 281.Įxecutive Order No. The requirements of this chapter are applicable to all United States military branches, Treasury Disbursing Offices (TDOs), and Non-Treasury Disbursing Offices (NTDOs) having this type of activity. Generally, these currencies are acquired under the provisions of foreign assistance or foreign agricultural development programs. This chapter prescribes the Department of the Treasury (Treasury) requirements relating to the accounting for and reporting of foreign currencies acquired either by purchase with dollars from commercial sources or received by Accountable Officers without purchase for dollars. This Treasury Financial Manual (TFM) chapter prescribes the reporting requirements for foreign currency transactions.

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