Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the Fedwire Securities Service, 68624 [2020-23298]
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68624
Federal Register / Vol. 85, No. 210 / Thursday, October 29, 2020 / Notices
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 Fedwire Securities Service
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 Fedwire Securities
Service (Fedwire) that occur on or after
January 4, 2021.
DATES: Applicable January 4, 2021.
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 Fedwire.
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 4, 2021, the basic fee will
decrease from $0.75 to $0.65. 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
SUMMARY:
jbell on DSKJLSW7X2PROD with NOTICES
1 The Board of Governors of the Federal Reserve
System sets this fee separately from the fees
assessed by Treasury. As of January 2, 2020, that fee
was $0.09 per transaction. For a current listing of
the Federal Reserve System’s fees, please refer to
https://www.frbservices.org/financial-services/
securities/.
VerDate Sep<11>2014
18:03 Oct 28, 2020
Jkt 253001
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
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 Fedwire.
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, 2021, for book-entry transfers on
Fedwire:
TREASURY-FEDWIRE FEE SCHEDULE
EFFECTIVE JANUARY 4, 2021
[In dollars]
Transfer type
On-line transfer originated ........
On-line transfer received ...........
On-line reversal transfer originated ......................................
On-line reversal transfer received ....................................
Off-line transfer originated ........
Off-line transfer received ...........
Off-line account switch received
Off-line reversal transfer originated ......................................
Off-line reversal transfer received ....................................
Notice of OFAC Sanctions Action
Office of Foreign Assets
Control, Treasury.
AGENCY:
ACTION:
Notice
The Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
based on OFAC’s determination that one
or more applicable legal criteria were
satisfied. All property and interests in
property subject to U.S. jurisdiction of
this person is blocked, and U.S. persons
are generally prohibited from engaging
in transactions with this person.
SUMMARY:
See SUPPLEMENTARY INFORMATION
section for effective date(s).
DATES:
FOR FURTHER INFORMATION CONTACT:
OFAC: Associate Director for Global
Targeting, tel.: 202–622–2420; Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490;
Assistant Director for Licensing, tel.:
202–622–2480; or Assistant Director for
Regulatory Affairs, tel.: 202–622–4855.
0.65
0.65
N/A
N/A
SUPPLEMENTARY INFORMATION:
0.65
N/A
Electronic Availability
0.65
0.65
0.65
0.65
N/A
70.00
70.00
0.00
0.65
70.00
The Specially Designated Nationals
and Blocked Persons List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (https://www.treasury.gov/ofac).
0.65
70.00
Notice of OFAC Action
[FR Doc. 2020–23298 Filed 10–28–20; 8:45 am]
BILLING CODE 4810–AS–P
Fmt 4703
[Case ID CAATSA-Russia-15810]
Off-line
surcharge
Timothy E. Gribben,
Commissioner, Bureau of the Fiscal Service.
Frm 00070
Office of Foreign Assets Control
Basic
fee
Authority: 31 CFR 357.45.
PO 00000
DEPARTMENT OF THE TREASURY
Sfmt 4703
On October 23, 2020, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following person are
blocked under the relevant sanctions
authority listed below.
E:\FR\FM\29OCN1.SGM
29OCN1
]]>Agencies
[Federal Register Volume 85, Number 210 (Thursday, October 29, 2020)]
[Notices]
[Page 68624]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-23298]
[[Page 68624]]
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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 Fedwire Securities Service
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 Fedwire Securities Service (Fedwire) that
occur on or after January 4, 2021.
DATES: Applicable January 4, 2021.
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 Fedwire.
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 4, 2021, the basic fee will decrease from $0.75 to
$0.65. 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, 2020, that fee was $0.09 per transaction. For a current
listing of the Federal Reserve System's fees, please refer to
https://www.frbservices.org/financial-services/securities/.
---------------------------------------------------------------------------
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 Fedwire. 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, 2021, for book-entry transfers on Fedwire:
Treasury-Fedwire Fee Schedule Effective January 4, 2021
[In dollars]
------------------------------------------------------------------------
Basic Off-line
Transfer type fee surcharge
------------------------------------------------------------------------
On-line transfer originated.......................... 0.65 N/A
On-line transfer received............................ 0.65 N/A
On-line reversal transfer originated................. 0.65 N/A
On-line reversal transfer received................... 0.65 N/A
Off-line transfer originated......................... 0.65 70.00
Off-line transfer received........................... 0.65 70.00
Off-line account switch received..................... 0.65 0.00
Off-line reversal transfer originated................ 0.65 70.00
Off-line reversal transfer received.................. 0.65 70.00
------------------------------------------------------------------------
Authority: 31 CFR 357.45.
Timothy E. Gribben,
Commissioner, Bureau of the Fiscal Service.
[FR Doc. 2020-23298 Filed 10-28-20; 8:45 am]
BILLING CODE 4810-AS-P
