2005 Federal Register Items (January - December)
The Federal Register is a daily publication used to provide notice of proposed or final changes to the Code of Federal Regulations (CFR), including the regulations of the Bureau of the Public Debt. The Federal Register is also used to provide other important information or requests for information. The most important items relating to the Bureau of the Public Debt published in the Federal Register from January 2005 through December 2005 are listed below. You will leave this site if you choose to access these Federal Register publications.
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| 2005 Federal Register Items (January - December) | |
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| December 27, 2005 Renegotiation Board Interest Rate: Prompt Payment Interest Rate: Contract Disputes Act Action: Notice. For the period beginning January 1, 2006, and ending on June 30, 2006, the prompt payment interest rate is 5 1/8 per centum per annum. |
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| November 9, 2005 Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System Action: Notice. The Department of the Treasury is announcing a new fee schedule for the transfer of book-entry securities maintained on the National Book-Entry System (NBES). This fee schedule will take effect on January 3, 2006. The basic fee for the transfer of a Treasury book-entry security will increase from $ .21 to $ .22. The Federal Reserve funds movement fee will be $ .04, unchanged from the funds movement fee in effect since January 2, 2004, resulting in a combined fee of $ .26 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 in CY 2006 will be $ 33.00, unchanged from CY 2005. Effective Date: January 3, 2006 |
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| November 2, 2005 Change in the Sell Direct Fee Schedule Action: Notice. The Department of the Treasury is announcing the fee schedule for Sell Direct. Sell Direct fees are charged to the Legacy Treasury Direct and the TreasuryDirect investor for the service of selling unmatured securities in the secondary market, pursuant to the Regulations Governing Book-Entry Treasury Bonds, Notes and Bills Held in Legacy Treasury Direct(R) and the Regulations Governing Securities Held in TreasuryDirect(R). |
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| September 30, 2005 31 CFR Parts 306, 315, 353, 357, 360, and 363 General Regulations Governing U.S. Securities; Regulations Governing U.S. Savings Bonds, Series A, B, C, D, E, F, G, H, J, and K, and U.S. Savings Notes; Regulations Governing United States Savings Bonds, Series EE and HH; Regulations Governing Book-Entry Treasury Bonds, Notes and Bills (Department of the Treasury Circular, Public Debt Series No. 2-86); Regulations Governing Definitive United States Savings Bonds, Series I; Regulations Governing Securities Held in the New Treasury Direct System Action: Final rule. New Treasury Direct is an account-based, book-entry, online system for purchasing, holding, and conducting transactions in Treasury securities. The system has been referred to as New Treasury Direct because there is an older system concurrently operating that is also named Treasury Direct, for marketable securities only, with different governing regulations. This rule renames the older version of Treasury Direct as Legacy Treasury Direct, and renames New Treasury Direct as, simply, TreasuryDirect (one word). In addition, this rule simplifies the regulatory structure for TreasuryDirect. |
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| September 30, 2005 31 CFR Parts 356, 357, and 363 Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds (Department of the Treasury Circular, Public Debt Series No. 1-93); Regulations Governing Book-Entry Treasury Bonds, Notes and Bills Held in Legacy Treasury Direct; Regulations Governing Securities Held in TreasuryDirect Action: Final rule. TreasuryDirect is an account-based, book-entry, online system for purchasing, holding, and conducting transactions in Treasury securities. To date, the system has only been available for the purchase and holding of savings bonds and certificates of indebtedness. The Department of the Treasury (hereinafter referred to as "Treasury" or "We") is amending Regulations Governing Securities Held in TreasuryDirect to add marketable Treasury securities to the securities that may be purchased and held in TreasuryDirect and to provide the terms and conditions for marketable Treasury securities held in the system. We are amending Regulations Governing Book-Entry Treasury Bonds, Notes and Bills Held in Legacy Treasury Direct to provide for the transfer of securities between Legacy Treasury Direct and TreasuryDirect. We are also amending the Uniform Offering Circular for the Sale and Issue of Marketable Book-Entry Treasury Bills, Notes, and Bonds to make the changes necessary to accommodate participation in Treasury marketable securities auctions for securities to be held in either the TreasuryDirect or the Legacy Treasury Direct system. We are also eliminating the ability to bid competitively through Legacy Treasury Direct. These final amendments benefit individual investors by allowing them to purchase, hold and conduct transactions in marketable Treasury securities through the TreasuryDirect system. |
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| June 30, 2005 31 CFR Part 344 (Department of the Treasury Circular, Public Debt Series No. 3-72) U.S. Treasury Securities - State and Local Government Series Action: Final rule. The Department of the Treasury is issuing this final rule to revise the regulations governing State and Local Government Series (SLGS) securities. SLGS securities are non-marketable Treasury securities that are only available for purchase by issuers of tax-exempt securities. The changes in the final rule prohibit issuers of tax-exempt securities from engaging in certain practices that in effect use the SLGS program as a cost-free option. The final rule also makes other changes that are designed to improve the administration of the SLGS program. |
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| June 30, 2005 Demand Deposit Securities of the State and Local Government Series (SLGS); Average Marginal Tax Rate and Treasury Administrative Cost Action: Notice of estimated average marginal tax rate and Treasury administrative cost for Demand Deposit certificates of indebtedness--State and Local Government Series. This notice is being published to provide the information necessary to apply the interest rate formula for Demand Deposit certificates of indebtedness--State and Local Government Series (SLGS) (31 CFR Part 344, Subpart C). The factor necessary to convert the interest rate to a tax-exempt equivalent (1--the estimated average marginal tax rate of purchasers of tax-exempt bonds) is 1-.21 or .79. |
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| June 10, 2005 Privacy Act of 1974, as Amended; System of Records; Notice: Notice of System of Records In accordance with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Bureau of the Public Debt, Treasury is publishing its Privacy Act system of records. |
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| June 1, 2005 Privacy Act of 1974, as Amended: System of Records Action: Notice of proposed privacy act system of records. In accordance with the Privacy Act of 1974, as amended, the Department of the Treasury, Office of Domestic Finance, Fiscal Service gives notice of a proposed system of records. The new system contains records about individuals who apply for digital certificates under the Fiscal Service Certificate Authority which is administered under the Department of the Treasury Certificate Policy. A new Privacy Act System is proposed in order to accomplish the Department's obligations to protect privacy, to ensure the security of data and to maintain required records. |
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| April 5, 2005 31 CFR Part 351 — Offering of United States Savings Bonds, Series EE Action: Final rule. This final rule changes the interest rate determination for United States Savings Bonds of Series EE issued May 1, 2005, or thereafter. |
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March 23 , 2005 31 CFR Parts 315, 316, 351, 353, 359, 360, and 363 — Regulations Governing Treasury Securities, New Treasury Direct System Action: Final rule. New Treasury Direct (also referred to as TreasuryDirect) is an account-based, book-entry, online system for purchasing, holding and conducting transactions in Treasury securities. This rule sets forth the terms and conditions for the conversion of definitive savings bonds of Series E, Series EE, and Series I to book-entry savings bonds in New Treasury Direct. Conversion offers the investor the convenience of a book-entry product, rather than having to provide safe storage for a paper product until final maturity or redemption. Conversion offers the government cost savings in the elimination of paper transactions such as reissues and the replacement of lost bonds. Conversion will further the underlying principle of New Treasury Direct, which is to enable investors to do business with Treasury online. |
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