4 FAM 360
ACCOMMODATION EXCHANGE
(CT:FIN-446; 06-07-2018)
(Office of Origin: CGFS/FPRA/FP)
4 FAM 361 GENERAL
4 FAM 361.1 Scope and Applicability
(CT:FIN-443; 08-10-2017)
This subchapter contains regulations for engaging in
foreign exchange transactions by United States disbursing officers (USDO),
financial management officers (FMO), Class B cashiers, and personnel under the
jurisdiction of a chief of mission. Additional regulations and policies
pertaining to accommodation exchange are contained in 4 FAH-3 H-360.
Detailed cashier procedures pertaining to accommodation exchange are contained
in Chapter 8 of the Cashier User Guide (CUG).
4 FAM 361.2 Authorities
(CT:FIN-446; 06-07-2018)
Several authorities govern foreign exchange transactions
abroad:
(1) 31 U.S.C. 3342, Check Cashing and Exchange
Transactions;
(2) Treasury Financial Manual Volume I, Part 2 -
Chapter 3200, Foreign Currency Accounting and Reporting; Part 6 - Section 8070,
Foreign Currency;
(3) Bureau of the
Fiscal Service, U.S. Department of the Treasury, Treasury Reporting Rates of
Exchange;
(4) Code of
Federal Regulations (CFR), 22 CFR 1203, Employee Responsibilities and Conduct; 22
CFR 1203.735-206, Economic and Financial Activities of Employees Abroad; and 22
CFR 136, Personal Property Disposition at Posts Abroad; and
(5) 22 U.S.C.
4341 through 22 U.S.C. 4343.
4 FAM 361.3 Exceptions
(CT:FIN-423; 05-20-2013)
a. The Bureau of the Comptroller and Global Financial
Services, Office of Financial Policy (CGFS/FPRA/FP) is responsible for
promulgating and publishing policies and procedures for accommodation
exchange. Post or bureau officials that seek a change or exception to
provisions in 4
FAH-3 H-360 should contact the Director, Officer of Financial Policy, CGFS/FPRA/FP.
b. Department of State policies and procedures are
based on specific legislative authorities, regulations, and good management
practices. Changes and exceptions to the 4 FAH-3 H-360
policies and procedures for accommodation exchange can only be considered for
approval by CGFS/FPRA/FP when they do not violate statutory authorities,
Federal regulations or other governing authorities. Changes or exceptions to
the regulations may not be approved by the cashier, the cashiers supervisor,
or other Department bureau or post officials.
4 FAM 362 THROUGH 369 UNASSIGNED