Each day, a forecast or accrual of interest earned or to be paid for the statement period is calculated and reported in the Interest Accruals section of the Activity Statement. Around the first week of each month the interest which has been accrued during the prior month is "backed-out" or reversed (code RE) and actual interest for the month is posted (code PO) in the Cash Report section. These reversals, which occur once a month, should be close to the actual interest, although they may not always be exactly equal since accruals are a forecast of actual interest.
Account holders should also note that accrued interest is only posted for any given reporting period when the amount exceeds $1, either positive or negative. Balances below $1 are retained and posted once, when aggregated with future accruals, the amount exceeds $1.