Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System, 63657-63658 [E7-22007]

Download as PDF Federal Register / Vol. 72, No. 217 / Friday, November 9, 2007 / Notices received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). You may review DOT’s complete Privacy Act Statement in the Federal Register published on April 11, 2000 (Volume 65, Number 70; Pages 19477–78) or you may visit http://docketsinfo.dot.gov/. Issued on: October 26, 2007. Anthony M. Cooke, Chief Counsel. [FR Doc. E7–21431 Filed 11–8–07; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 35092] mstockstill on PROD1PC66 with NOTICES Progressive Rail Inc.—Continuance in Control Exemption—Montgomery Short Line LLC Progressive Rail Inc. (PRI) has filed a verified notice of exemption to continue in control of Montgomery Short Line LLC (MSL), upon MSL’s becoming a Class III rail carrier.1 This transaction is related to a concurrently filed verified notice of exemption in STB Finance Docket No. 35093, Montgomery Short Line LLC— Lease and Operation Exemption—Union Pacific Railroad Company. In that proceeding, MSL seeks to lease and operate approximately 23.5 miles of rail line owned by the Union Pacific Railroad Company from Merriam to the end of the track near Montgomery, in Scott and Le Sueur Counties, MN. PRI intends to consummate the transaction on or after November 24, 2007, the effective date of the exemption (30 days after the exemption was filed). PRI is a common carrier by rail that owns and operates lines in the States of Minnesota and Wisconsin. PRI also currently controls Central Midland Railway Company, a Class III rail carrier, that owns and operates rail property interests in Missouri. PRI represents that: (1) The rail lines to be leased by MSL do not connect with it or any other railroad in their corporate family; (2) the continuance in control is not part of a series of anticipated transactions that would connect the railroads with each other or any other railroad in their corporate family; and (3) the transaction does not involve a Class I rail carrier. Therefore, the transaction is exempt from the prior approval requirements of 49 U.S.C. 11323. See 49 CFR 1180.2(d)(2). 1 MSL is a wholly owned subsidiary of PRI. VerDate Aug<31>2005 23:48 Nov 08, 2007 Jkt 214001 Under 49 U.S.C. 10502(g), the Board may not use its exemption authority to relieve a rail carrier of its statutory obligation to protect the interests of its employees. Section 11326(c), however, does not provide for labor protection for transactions under sections 11324 and 11325 that involve only Class III rail carriers. Accordingly, the Board may not impose labor protective conditions here, because all the carriers involved are Class III rail carriers. If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Petitions for stay must be filed no later than November 16, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35092, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, one copy of each pleading must be served on Michael J. Barron, Jr., Fletcher & Sippel, 29 North Wacker Drive, Suite 920, Chicago, IL 60606–2832. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: November 1, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–21958 Filed 11–8–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 35093] Montgomery Short Line LLC—Lease and Operation Exemption—Union Pacific Railroad Company Montgomery Short Line LLC (MSL), a noncarrier, has filed a verified notice of exemption under 49 CFR 1150.31 to lease, pursuant to an agreement to be executed prior to consummation with Union Pacific Railroad Company (UP), and to operate approximately 23.5 miles of rail line known as the Montgomery, Minnesota Subdivision from milepost 38.7 near Merriam, to milepost 62.2 at the end of the track near Montgomery, in Scott and Le Sueur Counties, MN. As a result of this transaction: (1) MSL will become the exclusive operator of PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 63657 rail freight service over the line; (2) UP and MSL will interchange traffic at Merriam; and (3) UP will retain the right to operate passenger trains over the line. This transaction is related to the concurrently filed notice of exemption in STB Finance Docket No. 35092, Progressive Rail Inc.—Continuance in Control Exemption—Montgomery Short Line LLC, wherein Progressive Rail Inc. seeks to continue in control of MSL upon its becoming a rail carrier. MSL certifies that its projected annual revenues as a result of this transaction will not result in the creation of a Class II or Class I rail carrier and will not exceed $5 million. The transaction is expected to be consummated on or after November 24, 2007, the effective date of the exemption (30 days after the exemption was filed). If the verified notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Petitions for stay must be filed no later than November 16, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35093, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Michael J. Barron, Jr., Fletcher & Sippel, 29 North Wacker Drive, Suite 920, Chicago, IL 60606–2832. Board decisions and notices are available on our Web site at http:www.stb.gov. Decided: November 1, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–21956 Filed 11–8–07; 8:45 am] BILLING CODE 4915–01–P 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 Bureau of the Public Debt, Fiscal Service, Department of the Treasury. ACTION: Notice. AGENCY: SUMMARY: The Department of the Treasury is announcing a new fee E:\FR\FM\09NON1.SGM 09NON1 63658 Federal Register / Vol. 72, No. 217 / Friday, November 9, 2007 / Notices 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, 2008. The basic fee for the transfer of a Treasury book-entry security will increase from $.26 to $.28. The Federal Reserve funds movement fee will remain at $.05, resulting in a combined fee of $.33 for each Treasury securities transfer. In addition to the basic fee, off-line transfers have a surcharge. The surcharge for an off-line Treasury book-entry transfer will remain $33.00. EFFECTIVE DATE: January 2, 2008. FOR FURTHER INFORMATION CONTACT: James Sharer, Government Securities Specialist, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 20239, telephone (202) 504–3658; Kristina Yeh, Financial Systems Analyst, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 20239, telephone (202) 504–3679; Ed Errigo, Financing Specialist, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 20239, telephone (202) 504–3611; Terri Roddy, Financial Systems Analyst, Bureau of the Public Debt, 200 3rd Street, Room 527, Parkersburg, WV 26106, telephone (304) 480–6035. SUPPLEMENTARY INFORMATION: The Department of the 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, 2008, the basic fee will increase to $.28 from $.26. The surcharge for an off-line Treasury bookentry transfer will remain $33.00. The basic transfer fee assessed to both sends and receives is reflective of costs associated with the processing of a security transfer. The off-line surcharge reflects the additional processing costs associated with the manual processing of off-line securities transfers. The 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. The Treasury currently absorbs these costs and will continue to do so. The fees described in this notice apply only to the transfer of Treasury book-entry securities held on NBES. Information concerning fees for bookentry 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 on {add date and docket number}. The following is the Treasury fee schedule that will take effect on January 2, 2008, for the book-entry transfers on NBES: TREASURY–NBES FEE SCHEDULE 1—EFFECTIVE JANUARY 2, 2008 [In dollars] Transfer type On-line On-line On-line On-line Off-line Off-line Off-line Off-line Off-line Basic fee transfer originated ............................................................................... transfer received ................................................................................. reversal transfer originated ................................................................. reversal transfer received ................................................................... transfer originated ............................................................................... transfer received ................................................................................. account switch received ...................................................................... reversal transfer originated ................................................................. reversal transfer received ................................................................... Off-line surcharge .28 .28 .28 .28 .28 .28 .28 .28 .28 Funds 2 movement fee N/A N/A N/A N/A 33.00 33.00 .00 33.00 33.00 .05 .05 .05 .05 .05 .05 .05 .05 .05 Total fee .33 .33 .33 .33 33.33 33.33 .33 33.33 33.33 1 The 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. The Treasury currently absorbs these costs and will continue to do so. 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 4, 2007. Kenneth E. Carfine, Fiscal Assistant Secretary. [FR Doc. E7–22007 Filed 11–8–07; 8:45 am] BILLING CODE 4810–39–P DEPARTMENT OF THE TREASURY Internal Revenue Service mstockstill on PROD1PC66 with NOTICES Proposed Collection; Comment Request for Central Withholding Agreement Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: The Department of the Treasury, as part of its continuing effort VerDate Aug<31>2005 23:48 Nov 08, 2007 Jkt 214001 to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning instructions on how to apply for a Central Withholding Agreement. DATES: Written comments should be received on or before January 8, 2008 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn Kirkland, Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 should be directed to Allan Hopkins, at (202) 622–6665, or at Internal Revenue Service, room 6129, 1111 Constitution, Avenue, NW., Washington, DC 20224, or through the Internet, at Allan.M.Hopkins@irs.gov. SUPPLEMENTARY INFORMATION: Title: Central Withholding Agreement. OMB Number: 1545–XXXX Abstract: The collection is not necessary for IRS purposes. If the individual wishes to have a Central Withholding Agreement (CWA), this instructs him how to make his application for consideration. IRC Section 1441(a) requires withholding on certain payments of Non Resident Aliens (NRAs). Section 1.1441–4(b)(3) of the Income Tax Regulations provides that the withholding can be considered for adjustment if a CWA is applied for and granted. E:\FR\FM\09NON1.SGM 09NON1

Agencies

[Federal Register Volume 72, Number 217 (Friday, November 9, 2007)]
[Notices]
[Pages 63657-63658]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22007]


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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, Department of the 
Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury is announcing a new fee

[[Page 63658]]

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, 2008. The basic fee for the transfer of a Treasury 
book-entry security will increase from $.26 to $.28. The Federal 
Reserve funds movement fee will remain at $.05, resulting in a combined 
fee of $.33 for each Treasury securities transfer. In addition to the 
basic fee, off-line transfers have a surcharge. The surcharge for an 
off-line Treasury book-entry transfer will remain $33.00.

EFFECTIVE DATE: January 2, 2008.

FOR FURTHER INFORMATION CONTACT: James Sharer, Government Securities 
Specialist, Bureau of the Public Debt, 799 9th Street, NW., Washington, 
DC 20239, telephone (202) 504-3658; Kristina Yeh, Financial Systems 
Analyst, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 
20239, telephone (202) 504-3679; Ed Errigo, Financing Specialist, 
Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 20239, 
telephone (202) 504-3611; Terri Roddy, Financial Systems Analyst, 
Bureau of the Public Debt, 200 3rd Street, Room 527, Parkersburg, WV 
26106, telephone (304) 480-6035.

SUPPLEMENTARY INFORMATION: The Department of the 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, 2008, the basic fee will increase to $.28 from 
$.26. The surcharge for an off-line Treasury book-entry transfer will 
remain $33.00.
    The basic transfer fee assessed to both sends and receives is 
reflective of costs associated with the processing of a security 
transfer. The off-line surcharge reflects the additional processing 
costs associated with the manual processing of off-line securities 
transfers.
    The 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. 
The Treasury currently absorbs these costs and will continue to do so.
    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 on {add date and docket number{time} .
    The following is the Treasury fee schedule that will take effect on 
January 2, 2008, for the book-entry transfers on NBES:

                             Treasury-NBES Fee Schedule 1--Effective January 2, 2008
                                                  [In dollars]
----------------------------------------------------------------------------------------------------------------
                                                                     Off-line        Funds \2\
                  Transfer type                      Basic fee       surcharge     movement fee      Total fee
----------------------------------------------------------------------------------------------------------------
On-line transfer originated.....................             .28             N/A             .05             .33
On-line transfer received.......................             .28             N/A             .05             .33
On-line reversal transfer originated............             .28             N/A             .05             .33
On-line reversal transfer received..............             .28             N/A             .05             .33
Off-line transfer originated....................             .28           33.00             .05           33.33
Off-line transfer received......................             .28           33.00             .05           33.33
Off-line account switch received................             .28             .00             .05             .33
Off-line reversal transfer originated...........             .28           33.00             .05           33.33
Off-line reversal transfer received.............             .28           33.00             .05          33.33
----------------------------------------------------------------------------------------------------------------
\1\ The 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. The Treasury
  currently absorbs these costs and will continue to do so.
\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 4, 2007.
Kenneth E. Carfine,
Fiscal Assistant Secretary.
[FR Doc. E7-22007 Filed 11-8-07; 8:45 am]
BILLING CODE 4810-39-P