[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR597.504]



[Page 488]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY

 

PART 597_FOREIGN TERRORIST ORGANIZATIONS SANCTIONS REGULATIONS--Table 

of Contents

 

 Subpart E_Licenses, Authorizations, and Statements of Licensing Policy

 

Sec. 597.504  Entries in certain accounts for normal service charges 

authorized.



    (a) U.S. financial institutions are hereby authorized to debit any 

blocked account with such U.S. financial institution in payment or 

reimbursement for normal service charges owed to such U.S. financial 

institution by the owner of such blocked account.

    (b) As used in this section, the term normal service charge shall 

include charges in payment or reimbursement for interest due; cable, 

telegraph, or telephone charges; postage costs; custody fees; small 

adjustment charges to correct bookkeeping errors; and, but not by way of 

limitation, minimum balance charges, notary and protest fees, and 

charges for reference books, photostats, credit reports, transcripts of 

statements, registered mail insurance, stationery and supplies, check 

books, and other similar items.