[Federal Register Volume 79, Number 217 (Monday, November 10, 2014)]
[Notices]
[Page 66767]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-26643]
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DEPARTMENT OF THE TREASURY
Fiscal Service
Bureau of the 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 Fiscal Service, 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, 2015.
DATES: Effective January 2, 2015.
FOR FURTHER INFORMATION CONTACT: Kristina Yeh or Janeene Wilson, Bureau
of the Fiscal Service, 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, 2015, the basic fee will increase from $0.56 to
$0.75. The Board of Governors of the Federal Reserve System (Federal
Reserve) will maintain its fee for Federal Reserve funds movement at
$0.11. This will result in a combined fee of $0.86 for each transfer of
Treasury book-entry securities. The surcharge for an off-line Treasury
book-entry securities transfer will increase from $40.00 to $50.00.
Off-line refers to the sending and receiving of transfer messages to or
from a Federal 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, is set out in a separate Federal
Register notice published by the Federal Reserve.
The following is the Treasury fee schedule that will take effect on
January 2, 2015, for book-entry transfers on NBES:
Treasury-NBES Fee Schedule \1\--Effective January 2, 2015
[In dollars]
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Off-line Funds \2\
Transfer type Basic fee Surcharge movement fee Total fee
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On-line transfer originated..................... 0.75 N/A 0.11 0.86
On-line transfer received....................... 0.75 N/A 0.11 0.86
On-line reversal transfer originated............ 0.75 N/A 0.11 0.86
On-line reversal transfer received.............. 0.75 N/A 0.11 0.86
Off-line transfer originated.................... 0.75 50.00 0.11 50.86
Off-line transfer received...................... 0.75 50.00 0.11 50.86
Off-line account switch received................ 0.75 0.00 0.11 0.86
Off-line reversal transfer originated........... 0.75 50.00 0.11 50.86
Off-line reversal transfer received............. 0.75 50.00 0.11 50.86
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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: November 4, 2014.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2014-26643 Filed 11-7-14; 8:45 am]
BILLING CODE 4810-39-P