Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System, 70881 [2015-29194]

Download as PDF 70881 Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices Burden Estimate: Estimated Number of Respondents: 61. Estimated Annual Responses per Respondent: 12 per year. Estimated Burden per Response: 40 hours per month/per bank. Estimated Total Annual Burden: 29,280 hours. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information shall have practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: November 9, 2015. Stuart E. Feldstein, Director, Legislative & Regulatory Activities Division. [FR Doc. 2015–28896 Filed 11–13–15; 8:45 am] BILLING CODE 4810–33–P 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 Authority: 31 CFR 357.45. Bureau of the Fiscal Service, Fiscal Service, Treasury. ACTION: Notice. AGENCY: 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 4, 2016. DATES: Effective January 4, 2016. FOR FURTHER INFORMATION CONTACT: Brandon Taylor 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 its review of the latest book-entry costs and volumes. For each transfer or reversal of Treasury securities sent or received on or after January 4, 2016, the basic fee will increase from $0.75 to $0.81. The Board of Governors of the Federal Reserve System (Federal Reserve) will maintain its fee for Federal Reserve funds movement at $0.11. The funds SUMMARY: 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. The two fees will result in a combined fee of $0.92 for each transfer of Treasury book-entry securities. The surcharge for an off-line Treasury bookentry securities transfer will remain at $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 bookentry 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 4, 2016, for book-entry transfers on NBES: TREASURY—NBES FEE SCHEDULE—EFFECTIVE JANUARY 4, 2016 [In dollars] Transfer type tkelley on DSK3SPTVN1PROD with NOTICES 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 ................................................................... 0.81 0.81 0.81 0.81 0.81 0.81 0.81 0.81 0.81 Dated: October 22, 2015. David A. Lebryk, Fiscal Assistant Secretary. DEPARTMENT OF THE TREASURY [FR Doc. 2015–29194 Filed 11–13–15; 8:45 am] Proposed Collection; Comment Request for Form 8611 N/A N/A N/A N/A 50.00 50.00 0.00 50.00 50.00 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 Total fee 0.92 0.92 0.92 0.92 50.92 50.92 0.92 50.92 50.92 Notice and request for comments. ACTION: Internal Revenue Service (IRS), Treasury. Jkt 238001 The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed SUMMARY: AGENCY: 19:47 Nov 13, 2015 Funds movement fee Internal Revenue Service BILLING CODE 4810–AS–P VerDate Sep<11>2014 Off-line surcharge PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1

Agencies

[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)]
[Notices]
[Page 70881]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29194]


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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

    Authority:  31 CFR 357.45.

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 4, 2016.

DATES: Effective January 4, 2016.

FOR FURTHER INFORMATION CONTACT: Brandon Taylor 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 its review 
of the latest book-entry costs and volumes.
    For each transfer or reversal of Treasury securities sent or 
received on or after January 4, 2016, the basic fee will increase from 
$0.75 to $0.81. The Board of Governors of the Federal Reserve System 
(Federal Reserve) will maintain its fee for Federal Reserve funds 
movement at $0.11. 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. The two fees will 
result in a combined fee of $0.92 for each transfer of Treasury book-
entry securities. The surcharge for an off-line Treasury book-entry 
securities transfer will remain at $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 4, 2016, for book-entry transfers on NBES:

                             Treasury--NBES Fee Schedule--Effective January 4, 2016
                                                  [In dollars]
----------------------------------------------------------------------------------------------------------------
                                                                     Off-line          Funds
                  Transfer type                      Basic fee       surcharge     movement fee      Total fee
----------------------------------------------------------------------------------------------------------------
On-line transfer originated.....................            0.81             N/A            0.11            0.92
On-line transfer received.......................            0.81             N/A            0.11            0.92
On-line reversal transfer originated............            0.81             N/A            0.11            0.92
On-line reversal transfer received..............            0.81             N/A            0.11            0.92
Off-line transfer originated....................            0.81           50.00            0.11           50.92
Off-line transfer received......................            0.81           50.00            0.11           50.92
Off-line account switch received................            0.81            0.00            0.11            0.92
Off-line reversal transfer originated...........            0.81           50.00            0.11           50.92
Off-line reversal transfer received.............            0.81           50.00            0.11           50.92
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    Dated: October 22, 2015.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2015-29194 Filed 11-13-15; 8:45 am]
BILLING CODE 4810-AS-P