Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System, 54807-54808 [2018-23713]

Download as PDF Federal Register / Vol. 83, No. 211 / Wednesday, October 31, 2018 / Notices Estimated Number of Respondents: 400. Estimated Time per Respondent: 27 minutes. Estimated Total Annual Burden Hours: 180. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: 1. Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; 2. the accuracy of the agency’s estimate of the burden of the collection of information; 3. ways to enhance the quality, utility, and clarity of the information to be collected; 4. ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and 5. estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: October 25, 2018. Bruce A. Sharp, Bureau Clearance Officer. [FR Doc. 2018–23785 Filed 10–30–18; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: Notice of Reclamation—Electronic Funds Transfer, Federal Recurring Payment Notice and request for comments. ACTION: 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 and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Notice of Reclamation— Electronic Funds Transfer, Federal Recurring Payment. DATES: Written comments should be received on or before December 31, 2018 to be assured of consideration. ADDRESSES: Direct all written comments and requests for additional information amozie on DSK3GDR082PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 19:00 Oct 30, 2018 Jkt 247001 to Bureau of the Fiscal Service, Bruce A. Sharp, Room #4006–A, PO Box 1328, Parkersburg, WV 26106–1328, or bruce.sharp@fiscal.treasury.gov. SUPPLEMENTARY INFORMATION: Title: Notice of Reclamation— Electronic Funds Transfer, Federal Recurring Payment. OMB Number: 1530–0003. Form Number: FS Form 133. Abstract: FS Form 133 is utilized to notify financial institutions of an obligation to repay payments erroneously issued to a deceased Federal benefit payment recipient. The information collected from the financial institutions is used by Treasury to close out the request from a program agency to collect an EFT payment from the financial institution to which a beneficiary was not entitled. Current Actions: Extension of a currently approved collection. Type of Review: Regular. Affected Public: Business or other forprofit. Estimated Number of Respondents: 223,128. Estimated Time per Respondent: 8 minutes. Estimated Total Annual Burden Hours: 29,750. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: 1. Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; 2. the accuracy of the agency’s estimate of the burden of the collection of information; 3. ways to enhance the quality, utility, and clarity of the information to be collected; 4. ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and 5. estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: October 25, 2018. Bruce A. Sharp, Bureau Clearance Officer. [FR Doc. 2018–23778 Filed 10–30–18; 8:45 am] BILLING CODE 4810–AS–P PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 54807 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 2, 2019. DATES: Applicable January 2, 2019. FOR FURTHER INFORMATION CONTACT: Brendan Griffiths, 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, 2019, the basic fee will decrease from $0.97 to $0.90. The Federal Reserve System also charges a funds movement fee for each of these transactions for the funds settlement component of a Treasury securities transfer.1 The surcharge for an off-line Treasury book-entry securities transfer will remain at $70.00. 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, which is in addition to the basic fee and the funds movement fee, 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 SUMMARY: 1 The Board of Governors of the Federal Reserve System sets this fee separately from the fees assessed by Treasury. As of January 2, 2018, that fee was $0.11 per transaction. For a current listing of the Federal Reserve System’s fees, please refer to https://www.frbservices.org/financial-services/ securities/index.html. E:\FR\FM\31OCN1.SGM 31OCN1 54808 Federal Register / Vol. 83, No. 211 / Wednesday, October 31, 2018 / Notices 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, 2019, for book-entry transfers on NBES: TREASURY—NBES FEE SCHEDULE—EFFECTIVE JANUARY 2, 2019 [In Dollars] Transfer type On-line On-line On-line On-line Off-line Off-line Off-line Off-line Off-line transfer originated ....................................................................................................................................... transfer received ......................................................................................................................................... reversal transfer originated ......................................................................................................................... reversal transfer received ........................................................................................................................... transfer originated ....................................................................................................................................... transfer received ......................................................................................................................................... account switch received .............................................................................................................................. reversal transfer originated ......................................................................................................................... reversal transfer received ........................................................................................................................... David A. Lebryk, Fiscal Assistant Secretary. [FR Doc. 2018–23713 Filed 10–30–18; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Fiscal Service Bureau of the Fiscal Service Notice of Rate to Be Used for Federal Debt Collection, and Discount and Rebate Evaluation Bureau of the Fiscal Service, Fiscal Service, Treasury. AGENCY: Notice of rate to be used for Federal debt collection, and discount and rebate evaluation. ACTION: The Secretary of the Treasury is responsible for computing and publishing the percentage rate that is used in assessing interest charges for outstanding debts owed to the Government (The Debt Collection Act of 1982, as amended). This rate is also used by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, this rate is used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate. Notice is hereby given that the applicable rate for calendar year 2019 is 1.00 percent. SUMMARY: amozie on DSK3GDR082PROD with NOTICES1 Basic fee January 1, 2019 through December 31, 2019. DATES: Department of the Treasury, Bureau of the Fiscal Service, Payment Management, E-Commerce Division (LC–RM 349B), 3201 Pennsy Drive, 18:06 Oct 30, 2018 Jkt 247001 Authority: 31 U.S.C. Section 3717. Ronda L. Kent, Assistant Commissioner, Payment Management and Chief Disbursing Officer. [FR Doc. 2018–23714 Filed 10–30–18; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: States Where Licensed for Surety Notice and request for comments. ACTION: 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: FOR FURTHER INFORMATION CONTACT: VerDate Sep<11>2014 Building E, Landover, MD 20785 (Telephone: 202–874–9428). SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds to the Treasury for use in connection with Federal Cash Management systems and is based on investment rates set for purposes of Public Law 95–147, 91 Stat. 1227 (October 28, 1977). Computed each year by averaging Treasury Tax and Loan (TT&L) investment rates for the 12month period ending every September 30, rounded to the nearest whole percentage, for applicability effective each January 1. Quarterly revisions are made if the annual average, on a moving basis, changes by 2 percentage points. The rate for calendar year 2019 reflects the average investment rates for the 12month period that ended September 30, 2018. PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 0.90 0.90 0.90 0.90 0.90 0.90 0.90 0.90 0.90 Off-line surcharge N/A N/A N/A N/A 70.00 70.00 0.00 70.00 70.00 and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning States Where Licensed for Surety. Written comments should be received on or before December 31, 2018 to be assured of consideration. ADDRESSES: Direct all written comments and requests for additional information to Bureau of the Fiscal Service, Bruce A. Sharp, Room #4006–A, P.O. Box 1328, Parkersburg, WV 26106–1328, or bruce.sharp@fiscal.treasury.gov. SUPPLEMENTARY INFORMATION: Title: States Where Licensed for Surety. OMB Number: 1530–0009. Abstract: Information is collected from insurance companies in order to provide Federal bond approving officers with this information. The listing of states, by company, appears in Treasury’s Circular 570, ‘‘Surety Companies Acceptable on Federal Bonds.’’ Current Actions: Extension of a currently approved collection. Type of Review: Regular. Affected Public: Business or other forprofit. Estimated Number of Respondents: 262. Estimated Time per Respondent: 1 hour. Estimated Total Annual Burden Hours: 262. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of DATES: E:\FR\FM\31OCN1.SGM 31OCN1

Agencies

[Federal Register Volume 83, Number 211 (Wednesday, October 31, 2018)]
[Notices]
[Pages 54807-54808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-23713]


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

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.

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

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, 2019.

DATES: Applicable January 2, 2019.

FOR FURTHER INFORMATION CONTACT: Brendan Griffiths, 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, 2019, the basic fee will decrease from $0.97 to 
$0.90. The Federal Reserve System also charges a funds movement fee for 
each of these transactions for the funds settlement component of a 
Treasury securities transfer.\1\ The surcharge for an off-line Treasury 
book-entry securities transfer will remain at $70.00. 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, 
which is in addition to the basic fee and the funds movement fee, 
reflects the additional processing costs associated with the manual 
processing of off-line securities transfers.
---------------------------------------------------------------------------

    \1\ The Board of Governors of the Federal Reserve System sets 
this fee separately from the fees assessed by Treasury. As of 
January 2, 2018, that fee was $0.11 per transaction. For a current 
listing of the Federal Reserve System's fees, please refer to 
https://www.frbservices.org/financial-services/securities/index.html.
---------------------------------------------------------------------------

    Treasury does not charge a fee for account maintenance, the 
stripping and reconstitution of Treasury securities, the wires 
associated with original issues, or

[[Page 54808]]

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, 2019, for book-entry transfers on NBES:

         Treasury--NBES Fee Schedule--Effective January 2, 2019
                              [In Dollars]
------------------------------------------------------------------------
                                                             Off-line
              Transfer type                  Basic fee       surcharge
------------------------------------------------------------------------
On-line transfer originated.............            0.90             N/A
On-line transfer received...............            0.90             N/A
On-line reversal transfer originated....            0.90             N/A
On-line reversal transfer received......            0.90             N/A
Off-line transfer originated............            0.90           70.00
Off-line transfer received..............            0.90           70.00
Off-line account switch received........            0.90            0.00
Off-line reversal transfer originated...            0.90           70.00
Off-line reversal transfer received.....            0.90           70.00
------------------------------------------------------------------------


David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2018-23713 Filed 10-30-18; 8:45 am]
 BILLING CODE 4810-AS-P