Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System, 66767 [2014-26643]

Agencies

• Fiscal Service
• DEPARTMENT OF THE TREASURY
• Bureau of the Fiscal Service

[Federal Register Volume 79, Number 217 (Monday, November 10, 2014)]
[Notices]
[Page 66767]
From the Federal Register Online via the Government Printing 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