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FAQs

On this page you will find a number of additional resources related to the Foreign Credit Reporting System. Below you will find some common questions and answers about this site, as well as links to external sites with further information about foreign credits both within and outside the U.S. Government.
Q. Is FCRS accessible to the general public?
A. The FCRS is now a web-enabled repository, accessible to all Internet users without need for a username or password. Data can be downloaded and manipulated using standard office software.
Q. Is any agency's proprietary data accessible on the FCRS?
A. No. Agency-specific, business confidential data is not available on the FCRS.
Q. Is national security related data accessible on the FCRS?
A. No. The system does not include national security related data. Country-level credit risk information or country-level data which is used to analyze countries' credit risk ratings may be accessible to agency analysts using the FCRS.
Q. How and how often are data collected for FCRS?
A. Comprehensive quarterly data are collected 45 days after the end of each quarter. The definitions, formats, used are defined in chapter 4500 of the Treasury Financial Manual. Data are currently entered by the agencies using specialized web based software and standard formats.
Q. Who is responsible for managing FCRS?
A. The Deputy Assistant Secretary for Information Systems and Chief Information Officer of the U.S. Treasury has management responsibility for computer-related activities with the Departmental Offices. These include application development and maintenance of FCRS. The Headquarters Information Technology group (HQIT) manages the day-to-day operational envioronment. The Office of International Affairs manages the Department of the Treasury’s policy activities in the international finance arena. The Office of International Debt and Development Policy (IDD) is the main user of the FCRS system and oversees day to day maintenance of the FCRS application.
Q. What is the legal status of FCRS?
A. Although Congress has never formally authorized FCRS, the Conference Report for the FY 1990 Foreign Operations bill included strong language “directing” Treasury and OMB to develop a plan to create a centralized financial debt and credit information system for the USG, and the appropriation for FY 1998 (Pub. Law 105-118) included language permitting up to $1.5 million of the funds appropriated for the Debt Restructuring Account to be used for implementation of improvements in the foreign credit reporting system.
Q. What is the current importance of the FCRS?
A. After a number of years of development, the FCRS is now an essential means by which the Federal Government satisfies obligations and accomplishes important policy objectives. Among the obligations satisfied by FCRS, we count our commitment to provide up-to-date foreign credit information to international organizations such as the International Bank for Reconstruction and Development (IBRD), Organization for Economic Cooperation and Development (OECD), Bank for International Settlements (BIS), Development Assistance Committee (DAC), and the Paris Club. FCRS provides information on government operations with non-residents required by USG statistical agencies so that citizens and the world can be informed about USG operations. With respect to policy objectives, FCRS will, in coming years, provide improved information for financial management purposes. It is the only comprehensive data system that brings together concepts related to country risk and the loss experience of all important agency lenders. FCRS will also provide the factual basis that will allow the Treasury to retain leadership in international debt policy. Without the information administered using FCRS, informed bilateral and multilateral debt reduction would be impossible.
Q. What are the activities and agencies that report data to the FCRS?
A. The United States Government has credit exposure to foreign countries through the following agencies: Commodity Credit Corporation of the Department of Agriculture, the Department of Defense, the Export-Import Bank of the United States, the Department of Transportation, the Agency for International Development, the Financial Management Service of the Department of the Treasury, and the Overseas Private Investment Corporation.