[Federal Register: November 9, 2007 (Volume 72, Number 217)]
[Notices]
[Page 63657-63658]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09no07-119]
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DEPARTMENT OF THE TREASURY
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 Public Debt, Fiscal Service, Department of the
Treasury.
ACTION: Notice.
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SUMMARY: The Department of the Treasury is announcing a new fee
[[Page 63658]]
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, 2008. The basic fee for the transfer of a Treasury
book-entry security will increase from $.26 to $.28. The Federal
Reserve funds movement fee will remain at $.05, resulting in a combined
fee of $.33 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 will remain $33.00.
EFFECTIVE DATE: January 2, 2008.
FOR FURTHER INFORMATION CONTACT: James Sharer, Government Securities
Specialist, Bureau of the Public Debt, 799 9th Street, NW., Washington,
DC 20239, telephone (202) 504-3658; Kristina Yeh, Financial Systems
Analyst, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC
20239, telephone (202) 504-3679; Ed Errigo, Financing Specialist,
Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 20239,
telephone (202) 504-3611; Terri Roddy, Financial Systems Analyst,
Bureau of the Public Debt, 200 3rd Street, Room 527, Parkersburg, WV
26106, telephone (304) 480-6035.
SUPPLEMENTARY INFORMATION: The Department of the 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, 2008, the basic fee will increase to $.28 from
$.26. The surcharge for an off-line Treasury book-entry transfer will
remain $33.00.
The basic transfer fee assessed to both sends and receives is
reflective of costs associated with the processing of a security
transfer. The off-line surcharge reflects the additional processing
costs associated with the manual processing of off-line securities
transfers.
The 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.
The Treasury currently absorbs these costs and will continue to do so.
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 System, is set out in a separate
Federal Register notice published by the Board of Governors of the
Federal Reserve System on {add date and docket number{time} .
The following is the Treasury fee schedule that will take effect on
January 2, 2008, for the book-entry transfers on NBES:
Treasury-NBES Fee Schedule 1--Effective January 2, 2008
[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..................... .28 N/A .05 .33
On-line transfer received....................... .28 N/A .05 .33
On-line reversal transfer originated............ .28 N/A .05 .33
On-line reversal transfer received.............. .28 N/A .05 .33
Off-line transfer originated.................... .28 33.00 .05 33.33
Off-line transfer received...................... .28 33.00 .05 33.33
Off-line account switch received................ .28 .00 .05 .33
Off-line reversal transfer originated........... .28 33.00 .05 33.33
Off-line reversal transfer received............. .28 33.00 .05 33.33
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\1\ The 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. The Treasury
currently absorbs these costs and will continue to do so.
\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: October 4, 2007.
Kenneth E. Carfine,
Fiscal Assistant Secretary.
[FR Doc. E7-22007 Filed 11-8-07; 8:45 am]
BILLING CODE 4810-39-P