Exchange Stabilization Fund Foreign Currencies

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Exchange Stabilization FundForeign Currencies

• 4295 Revaluation of Foreign Currency in the
  Exchange Stabilization Fund (ESF)

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Definition

• The amount of unrealized gains and losses in the
  ESF. 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
  foreign currency loss is recognized).

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Justification

• The ESF Treasury Account Fund Symbol (TAFS)
  20X4444 is a unique, stand-alone component unlike
  any other Federal entity. It is unique in that
  periodic increases/decreases are actually
  unrealized gains/losses that are unavailable for
  obligation. ESF is also unfunded. For reporting
  purposes, the USSGL Division developed a scenario
  to accommodate OMBs request for the ESF activity
  not be included in the Net Budget Authority and
  Outlays.

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Impact on Crosswalks