Federal Investments Program: Interest Cost by Fund

The Federal Investments Program facilitates investments in Government Account Series (GAS) securities by federal agencies on behalf of the Department of the Treasury. This data is limited to premiums, discounts, accrued interest collected, interest payments, and inflation compensation for all investments accounts that are invested in non-marketable securities, meaning securities that can be bought, or sold after they are originally issued. The data also includes premium and discount amortization for investment accounts invested in non-marketable zero-coupon bonds (ZCBs). The data is further broken down to show the amounts reported on the modified cash basis (for most GAS investment transactions) and also the amounts required by the Office of Management and Budget (OMB) to be reported on an accrual basis (amortization of discounts and premiums for the ZCBs).

Net premium amount and net discount amount for Department of Defense (DoD) and Zero-Coupon Bond (ZCB) cash basis payments include premium paid and discount collected on redemptions only. Similarly, accrued interest collected offsets interest payments on the date of payment for DOD and ZCB cash basis payments.

Because of a change to the Interest Cost by Fund report, accrued interest and inflation compensation amounts prior to Fiscal Year 2012 will be zero.