[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: 31CFR598.506]



[Page 500]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

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

 

PART 598_FOREIGN NARCOTICS KINGPIN SANCTIONS REGULATIONS--Table of 

Contents

 

 Subpart E_Licenses, Authorizations, and Statements of Licensing Policy

 

Sec. 598.506  Entries in certain accounts for normal service charges 

authorized.



    (a) U.S. financial institutions are 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 charges 

includes but is not limited to charges in payment or reimbursement for 

interest due; cable, telegraph, or telephone charges; postage costs; 

custody fees; small adjustment charges to correct bookkeeping errors; 

minimum balance charges; notary and protest fees; and charges for 

reference books, photocopies, credit reports, transcripts of statements, 

registered mail, insurance, stationery and supplies, and other similar 

items.