[Federal Register Volume 75, Number 212 (Wednesday, November 3, 2010)]
[Notices]
[Pages 67807-67808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-27699]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Fee Schedule for the Transfer of U.S. Treasury Book-Entry
Securities Held on the National Book-Entry System
Authority: 31 CFR 357.45.
AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.
ACTION: Notice.
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SUMMARY: The Department of the Treasury (Treasury) is announcing a new
fee schedule applicable to transfers of U.S. Treasury book-entry
securities maintained on the National Book-Entry System (NBES) that
occur on or after January 3, 2011.
DATES: Effective Date: January 3, 2011.
FOR FURTHER INFORMATION CONTACT: Kevin Hawkins or Kristina Yeh, Bureau
of the Public Debt, Department of the Treasury at (202) 504-3550.
SUPPLEMENTARY INFORMATION: Treasury has established a fee structure for
the transfer of Treasury book-entry securities maintained on NBES.
Treasury reassesses this fee structure periodically, based on our
review of the latest book-entry costs and volumes.
For each Treasury securities transfer or reversal sent or received
on or after January 3, 2011, the basic fee will increase from $0.31 to
$0.38. The Federal Reserve will also increase its fee for Federal
Reserve funds movement from $0.06 to $0.07. This will result in a
combined fee of $0.45 for each transfer of Treasury book-entry
securities. The surcharge for an off-line Treasury book-entry
securities transfer will remain $33.00. The basic transfer fee assessed
to both sends and receives is reflective of costs associated with the
processing of securities transfers. The off-line surcharge reflects the
additional processing costs associated with the manual processing of
off-line securities transfers.
Treasury does not charge a fee for account maintenance, the
stripping and reconstitution of Treasury securities, the wires
associated with original issues, or interest and redemption payments.
Treasury currently absorbs these costs.
The fees described in this notice apply only to the transfer of
Treasury book-entry securities held on NBES. Information concerning
fees for book-entry transfers of Government Agency securities, which
are priced by the Federal Reserve System, is set out in a separate
Federal Register notice published by the Board of Governors of the
Federal Reserve System.
The following is the Treasury fee schedule that will take effect on
January
[[Page 67808]]
3, 2011, for book-entry transfers on NBES:
Treasury-NBES Fee Schedule \1\--Effective January 3, 2011
[In dollars]
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Funds \2\
Transfer type Basic Off[dash]line surcharge movement Total
fee fee fee
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On-line transfer originated................... 0.38 N/A 0.07 0.45
On-line transfer received..................... 0.38 N/A 0.07 0.45
On-line reversal transfer originated.......... 0.38 N/A 0.07 0.45
On-line reversal transfer received............ 0.38 N/A 0.07 0.45
Off-line transfer originated.................. 0.38 33.00 0.07 33.45
Off-line transfer received.................... 0.38 33.00 0.07 33.45
Off-line account switch received.............. 0.38 0.00 0.07 0.45
Off-line reversal transfer originated......... 0.38 33.00 0.07 33.45
Off-line reversal transfer received........... 0.38 33.00 0.07 33.45
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\1\ Treasury does not charge a fee for account maintenance, the stripping and reconstituting of Treasury
securities, the wires associated with original issues, or interest and redemption payments. Treasury currently
absorbs these costs.
\2\ The funds movement fee is not a Treasury fee, but is charged by the Federal Reserve for the cost of moving
funds associated with the transfer of a Treasury book-entry security.
Richard L. Gregg,
Fiscal Assistant Secretary.
[FR Doc. 2010-27699 Filed 11-2-10; 8:45 am]
BILLING CODE 4810-39-P