Office of Management and Budget | Print this document |
Federal Credit Support PageChronology of major changesReturn to Federal Credit Support Page Last updated: September 18, 2006
September 18, 2006
FY 2006 rates added to Consolidated Credit Tool and Balances Approach Reestimate Calculator. See the "Utilities for Budget preparation and execution" page.
The "Similar Maturity Rates" page is updated for the FY 2006 actual interest rates. August 18, 2006
"Training and Resource Materials" page updated with handouts from June 2006 annual credit training.
November 18, 2005
November 15, 2005
Revision 1k of the Credit Subsidy Calculator (CSC) containing the FY 2007 Budget assumptions is now available. See the "Credit Subsidy Calculator" page for details. September 19, 2005
FY 2005 rates added to Consolidated Credit Tool and Balances Approach Reestimate Calculator. See the "Utilities for Budget preparation and execution" page.
The Consolidated Credit Tool, summary files, and instructions are revised. See the "Utilities for Budget preparation and execution" page.
The "Similar Maturity Rates" page is updated for the FY 2005 actual interest rates.
August 4, 2005
June 13, 2005
The Balances Approach Reestimate Calculator, direct loan and loan guarantee versions, summary files, and instructions are revised. See the "Utilities for Budget preparation and execution" page.
"Training and Resource Materials" page updated with handouts from June 2005 annual credit training.
December 3, 2004
Revision 1i of the Credit Subsidy Calculator (CSC) containing the FY 2006 Budget assumptions is now available. See the "Credit Subsidy Calculator" page for details. The Calculator for projecting the future interest income or costs of credit financing accounts is updated for the FY 2006 Budget. See the "Utilities for Budget preparation and execution" page. September 17, 2004
FY 2004 rates added to Consolidated Credit Tool and Balances Approach Reestimate Calculator. See the "Utilities for Budget preparation and execution" page.
The "Similar Maturity Rates" page is updated for the FY 2004 actual interest rates.
September 14, 2004 Revised Direct Loan version of the Balances Approach Reestimate Calculator and instructions released. See the "Utilities for Budget preparation and execution" page. September 1, 2004
The Balances Approach Reestimate Calculator, direct loan and loan guarantee versions, summary files, and instructions are revised. See the "Utilities for Budget preparation and execution" page.
June 30, 2004
December 3, 2003
Revision 1h of the Credit Subsidy Calculator (CSC) containing the 2005 Budget assumptions is now available. See the "Credit Subsidy Calculator" page for details. The Calculator for projecting the future interest income or costs of credit financing accounts is updated for the FY 2005 Budget. See the "Utilities for Budget preparation and execution" page. October 8, 2003
September 17, 2003
FY 2003 rates added to Consolidated Credit Tool and Balances Approach Reestimate Calculator. See the "Utilities for Budget preparation and execution" page.
The "Similar Maturity Rates" page is updated for the FY 2003 actual interest rates.
September 5, 2003
The Balances Approach Reestimate Calculator, direct loan and loan guarantee versions, summary files, and instructions are revised. See the "Utilities for Budget preparation and execution" page.
August 6, 2003
July 22, 2003
The "Links to Credit References" page is updated.
June 5, 2003
Beta versions of the Consolidated Credit Tool and summary compiler files are released, along with updated instructions. See the "Utilities for Budget preparation and execution" page.
The Reestimate Checklist for traditional approach reestimates is updated. See the "Utilities for Budget preparation and execution" page.
The "Links to Credit References" page is updated.
February 5, 2003
The FY 2004 Federal Credit Supplement worksheets and instructions are available. See the "Utilities for Budget preparation and execution" page. The links page was revised to include a link to the FY 2004 Credit Supplement and to update outdated links. See the "Links to Credit References" page. December 4, 2002
December 2, 2002
Revision 1g of the Credit Subsidy Calculator (CSC) containing the 2004 Budget assumptions is now available. See the "Credit Subsidy Calculator" page for details. November 5, 2002
November 4, 2002
The Reestimates Checklist for the traditional approach to reestimates is updated for the recent release of the Consolidated Credit Tool. See the "Utilities for Budget preparation and execution" page.
October 22, 2002
October 10, 2002
September 17, 2002
Revision 1f of the Credit Subsidy Calculator (CSC) released. This version includes the actual FY 2002 rates, as well as minor formatting changes to the "Details of the subsidy calculation" display to accommodate the Consolidated Credit Tool, and updates to the Help files. See the "Credit Subsidy Calculator" page for details. The credit utilities have been revised to calculate the disbursement-weighted average discount rate (dwadr) for similar maturity cohorts using methods identical to the Credit Subsidy Calculator. In calculating the dwadr under the "use 90 percent" rule, the Credit Subsidy Calculator excludes disbursements that occur after the year in which the 90 percent disbursement point is reached. However, the credit utilities had been including these additional disbursements. The credit utilities are revised to calculate the dwadr using the same methods as the Credit Subsidy Calculator. See the "Utilities for Budget preparation and execution" page. The "Similar Maturity Rates" page is updated for the FY 2002 actual interest rates.
The Consolidated Credit Tool is revised for changes to the Credit Subsidy Calculator. See the "Utilities for Budget preparation and execution" page.
August 29, 2002
Updated Reestimate Calculator released. See the "Utilities for Budget preparation and execution" page.
"Training and resource materials" page updated for revised OMB Circular A-11.
August 15, 2002
BARC Summary Compiler and instructions released. See the "Utilities for Budget preparation and execution" page.
The "Links to Credit References" page is updated to reference the 2002 version of OMB Circular A-11 Section 185, Federal Credit. Please note that the 2002 version of A-11 Section 185 incorporates the information previously found in OMB Circular A-34 Section 70, Federal Credit Programs.
Revised direct loan and loan guarantee Balances Approach Reestimate Calculators (beta2 version) and revised instructions added. See the "Utilities for Budget preparation and execution" page. New beta BARC Summary Compiler and instructions added. See the "Utilities for Budget preparation and execution" page. Consolidated Credit Tool (beta version) and instructions added. See the "Utilities for Budget preparation and execution" page. Draft Balances Approach reestimates guidance is added. See the "Utilities for Budget preparation and execution" page. Training and Resource Materials" page updated with handouts from June 2002 annual credit training. The "Links to Credit References" page is updated. Updated direct loan and loan guarantee Balances Approach Reestimate Calculators (beta version) and instructions added. See the "Utilities for Budget preparation and execution" page for details. Direct loan and loan guarantee cash flow templates added. See the "Resource Materials" section of the "Training and Resources" page. The "Links to Credit References" page is updated. The FY 2003 Federal Credit Supplement worksheets and instructions are available. See the "Utilities for Budget preparation and execution" page. A draft "Reestimate Calculator Checklist," to assist agencies in using the Reestimate Calculator, is available. See the "Utilities for Budget preparation and execution" page. The links page was revised to include a link to the FY 2003 Credit Supplement and to update outdated links. See the "Links to Credit References" page. The Reestimate Calculator is updated to correct a formula on the Interest Summary worksheet. See the "Utilities for Budget preparation and execution" page. The Calculator for projecting the future interest income or costs of credit financing accounts is updated for the FY 2003 Budget. See the "Utilities for Budget preparation and execution" page. Revision 1d of the Credit Subsidy Calculator (CSC) was released. See the "Credit Subsidy Calculator" page for details. The December 3, 2001 installation includes the economic assumptions for the FY 2003 Budget. The Balances Approach Reestimate Calculator was updated to correct a problem with a formula on the "Summary" worksheet, to add security features, and to increase consistency with the other credit utilities. See the "Utilities for Budget preparation and execution" page.The links page was revised to include a link to information on the Treasury Certificate in Credit Reform accounting and to update outdated links. See the "Links to Credit References" page. A new entry was added to the list of known defects and work-arounds concerning the use of charts in XLS files. Summary: An update has been made to the Credit Subsidy Calculator (right click to download now):
Description of the change to the Credit Subsidy Calculator: The rates.txt file installed by the original download contains incorrect interest rates for the 2002 Budget. The incorrect rates may prevent the user from reproducing the original subsidies calculated for the 2002 Budget. To fix the problem, the CSC install program must be downloaded and re-run. When prompted by the install program to "modify", "repair" or "remove" choose the "repair" option and click next. The CSC with the correct "rates.txt" file will be reinstalled. To verify that the calculator is using the correct file, open the CSC and choose Actions, Select Rates from the toolbar. Click the button for "View all rates" and verify that the first set of rates listed under "Budget Assumptions" is dated [2001-01-22]. If a set of budget assumptions with a date of [2001-07-03] exists, the rates.txt file has NOT been updated. This change will NOT affect reestimates performed for cohorts prior to 2002. Summary: Links page updated to reference 2001 version of OMB Circular A-11. See the "Links to Credit References" page. Summary: Updates have been made to (right click to download now):
Description of the change to "FAIC.XLS" Before this change, there was a problem if you tried to use the button on line 48 of the "General" page to copy data from the 9/19/2001 release. The following messages would appear:
This problem has been corrected. The revised version should copy correctly from any previous version of the FAIC. If you download the revised version, you can copy all of your data from any previous version using the buttons on/after row 48 of the "General" page. IF you do NOT need to copy data from the 9/19/2001 version, there is no need to download the revised version. Description of the change to "RC.XLS" This is a change in the default settings only and does not change any of the calculations. Before this change, the sheet had 12 risk categories visible. With this change, only one risk category is visible. You can still expand the sheet to show up to 12 risk categories by a couple of button clicks. If you have already begun working on the RC, you do not need to download a new copy. Reestimate Calculator and revised instructions released. See the "Utilities for Budget preparation and execution" page. Revised Financing Account Interest Calculator released. See the "Utilities for Budget preparation and execution" page. FY 2001 actual interest rates released. Revision 1c of the Credit Subsidy Calculator (CSC) released. This revision supports basket-of-zeros reestimates and includes the actual FY 2001 rates. See the "Credit Subsidy Calculator" page for details. Interest Rates File (dated 09/24/01), which includes the FY 2001 actual rates, and instructions released. See the "Utilities for Budget preparation and execution" page. FY 2001 rates added to Financing Account Interest Calculator, and Balances Approach Reestimate Calculator. See the "Utilities for Budget preparation and execution" page. Revision 1c (beta) of the Credit Subsidy Calculator (CSC) released. See the " Credit Subsidy Calculator" page for details. The new or revised features are listed below:
The document, "Performing Reestimates with the Revised Credit Subsidy Calculator" is revised to reflect the changes made to the Credit Subsidy Calculator. Links to the FY 1998-FY 2001 Federal Credit Supplements added. See the "Links to Credit References" page. Reestimate Calculator (beta version) and instructions added. See the "Utilities for Budget preparation and execution" page for details. "Training and Resource Materials" page added. The page contains handouts from the June 2001 annual credit training, as well as the resource documents:
Links page updated to reference current version of OMB Circular A-129. See the "Links to Credit References" page. Link to the FY 2002 Federal Credit Supplement added. See the "Links to Credit References" page. Worksheets and instructions for the 2002 Federal Credit Supplement were released. See the "Utilities for Budget preparation and execution" page for details. Federal credit agencies report data on their credit programs in the Federal Credit Supplement worksheets, to be compiled into the Federal Credit Supplement to the 2002 Budget. Revision 1b of the Credit Subsidy Calculator (CSC) was released. See the "Credit Subsidy Calculator" page for details. The January 22, 2001 installation includes the economic assumptions for the FY 2002 Budget (revised from the assumptions released on November 21, 2000). In addition, the calculator for projecting the future interest income or costs of credit financing accounts is for the FY 2002 Budget is now available. The new or revised features in the credit subsidy calculator are:
Revision 1a of the Credit Subsidy Calculator (CSC) was released. See the "Credit Subsidy Calculator" page for details. The new or revised features are listed below:
In addition, the calculator for projecting the future interest income or costs of credit financing accounts is for the FY 2002 Budget is now available. Revision 1 of the Credit Subsidy Calculator (CSC) was released. This revision adds support for reestimating subsidies. FY 2000 interest rates for similar maturity categories were posted. See the "Similar Maturity Rates" page for details. A new spreadsheet, the "financing account interest calculator" was posted. This spreadsheet automates much of the annual calculation of interest paid on borrowings from the Treasury and interest earnings on cash balances. See the "Utilities for Budget preparation and execution" page for details. Revised evaluation versions of the CSC posted. The original posting of the evaluation version did not handle certain kinds of spreadsheet files correctly. The evaluation period was extended, by one week, to September 8. This problem was limited to the first evaluation version and did not exist in the 11-26-99 posting of the CSC. Posted the updated reestimate spreadsheet and instructions for the 2002 Budget. See the "Utilities for Budget preparation and execution" page for details. The links page was updated. First revision (evaluation copy) of the CSC. This revision provides support for reestimates. See working paper Performing Reestimates with the Revised CSC for details. This revision also corrects most of the defects previously reported. (See List of known defects and work-arounds on the CSC page for a list of the remaining defects.) Posting of the following reports:
Posting of the utilities for the FY 2001 Budget. Initial release of the Federal Credit Support Page. |