[Federal Register Volume 77, Number 217 (Thursday, November 8, 2012)]
[Notices]
[Pages 67062-67063]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-26869]
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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
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 2, 2013.
DATES: Effective January 2, 2013.
FOR FURTHER INFORMATION CONTACT: Kristina Yeh, Bureau of the Public
Debt, 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 2, 2013, the basic fee will increase from $0.48 to
$0.56. The Federal Reserve will maintain its fee for Federal Reserve
funds movement at $0.09. This will result in a combined fee of $0.65
for each transfer of Treasury book-entry securities. The surcharge for
an off-line Treasury book-entry securities transfer will remain at
$40.00. Off-line refers to the sending and receiving of transfer
messages to or from a Reserve Bank by means other than on-line access,
such as by written, facsimile, or telephone voice instruction. 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 2, 2013, for book-entry transfers on NBES:
[[Page 67063]]
Treasury--NBES Fee Schedule \1\
[Effective January 2, 2013 (in dollars)]
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Funds \2\
Transfer type Basic fee Off-line movement Total fee
surcharge fee
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On-line transfer originated................................. 0.56 N/A 0.09 0.65
On-line transfer received................................... 0.56 N/A 0.09 0.65
On-line reversal transfer originated........................ 0.56 N/A 0.09 0.65
On-line reversal transfer received.......................... 0.56 N/A 0.09 0.65
Off-line transfer originated................................ 0.56 40.00 0.09 40.65
Off-line transfer received.................................. 0.56 40.00 0.09 40.65
Off-line account switch received............................ 0.56 0.00 0.09 0.65
Off-line reversal transfer originated....................... 0.56 40.00 0.09 40.65
Off-line reversal transfer received......................... 0.56 40.00 0.09 40.65
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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.
Authority: 31 CFR 357.45.
Dated: October 16, 2012.
Richard L. Gregg,
Fiscal Assistant Secretary.
[FR Doc. 2012-26869 Filed 11-7-12; 8:45 am]
BILLING CODE 4810-39-P