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NPR 9690.1
Effective Date: September 30, 2008
Expiration Date: September 30, 2023
Printable Format (PDF)

Subject: Investments (Revalidated, December 11, 2017)

Responsible Office: Office of the Chief Financial Officer

| TOC | ChangeHistory | Preface | Chapter1 | AppendixA | AppendixB | AppendixC | ALL |

Appendix A. Definitions

Accrued Interest. This is interest earned on a security instrument that has not been paid or received.

Business Event Type Code (BETC). Identifies the type of activity (gross disbursement, offsetting collection, investment in Treasury securities, etc.) and the effect of a transaction on the FBWT. Is used in combination with the TAS to classify transactions reported to Treasury through all GWA-compliant FMS systems. BETC in effect replaces the transaction codes and standard sub-classes that were used on the old central accounting reports.

Discount. The discount is the difference between the price and the par value when less than par value is paid or received for a security.

Earned Interest Realized. The earned interest is interest earned and paid on a security instrument.

Interest Method. The method used to determine the amount of amortization of discount or premium. The amount amortized is the difference between the effective interest recognized for the period and the nominal interest for the period as stipulated in the U.S. Treasury security. The effective interest rate (the actual interest yield on amounts invested) multiplied by the carrying amount of the Treasury security at the start of the accounting period equals the interest income recognized during the period (the carrying amount changes each period by the amount of the amortized discount or premium).

Intragovernmental Fiduciary Confirmation System (IFCS). An internet-based application for confirming and reconciling fiduciary balances (quarterly and year-end). Federal agencies and departments that engage in fiduciary intragovernmental transactions utilize IFCS as the official confirmation system. Agencies and departments must use the IFCS to confirm and reconcile activity and balances activity for investments, borrowings, FECA transactions, and employee benefits transactions.

Market-based U.S. Treasury Securities. Debt securities that the U.S. Treasury issues to Federal entities without statutorily determined interest rates. Although the securities are not marketable, their terms (prices and interest rates) mirror the terms of marketable U.S. Treasury securities.

National Aeronautics and Space Administration Endeavor Teacher Fellowship Trust Fund. The Trust Fund, established in tribute to the crew of the Space Shuttle Challenger, consists of gifts and donations. Other amounts may also be transferred from the National Aeronautics and Space Administration Gifts and Donations Trust Fund. The Trust Fund may be invested and re-invested in public debt securities with maturities suitable for the needs of the Trust Fund. Interest earned shall be credited to the Trust Fund. Income accruing from the Trust Fund principal shall be used to create the National Aeronautics and Space Administration Endeavor Teacher Fellowship Program. NASA is authorized to use such funds to award fellowships to selected United States nationals who are undergraduate students pursuing a course of study leading to certified teaching degrees in elementary education or in secondary education in mathematics, science, or technology disciplines.

Non-Federal Securities. Securities issued by a Non-Federal entity, including State and local governments, private corporations, and Government-sponsored enterprises, regardless of whether the securities are federally guaranteed. This includes investments be Federal agencies in money market as well as mutual funds, even if the money market or mutual fund’s assets consist entirely of Federal securities.

Par Value. Par value represents the stated or face amount of a security.

Premium. The premium is the difference between the price and the par value when more than par value is paid or received for a security.

Science, Space, and Technology Education Trust Fund. This Trust Fund was established to make grants for programs directed at improving science, space, and technology education in the United States. Appropriated funds will be invested in U.S. Treasury securities with interest credited to the Trust Fund on a quarterly basis. That interest will be available for the purpose of making grants. Of the funds made available by this Trust Fund, $250,000 willl be disbursed each calendar quarter hereafter to the Challenger Center for Space Science Education.

Unrealized Discount. The unrealized discount is the value of the discount carried until a security is redeemed or matures.

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