[Federal Register: November 22, 2006 (Volume 71, Number 225)]
[Notices]
[Page 67707-67708]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22no06-155]
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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
schedule for the transfer of book-entry securities maintained on the
National Book-Entry System (NBES). This fee schedule will take effect
on January 2, 2007. The basic fee for the transfer of a Treasury book-
entry security will increase from $.22 to $.26. The Federal Reserve
funds movement fee will increase from $.04 to $.05, resulting in a
combined fee of $.31 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-
[[Page 67708]]
entry transfer in CY 2007 will be $33.00, unchanged from CY 2006.
DATES: Effective Date: January 2, 2007.
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: On October 1, 1985, the Department of the
Treasury established a fee structure for the transfer of Treasury book-
entry securities maintained on NBES.
Based on the latest review of book-entry costs and volumes Treasury
will increase its basic fee from the current levels in effect.
Effective January 2, 2007, the basic fee will increase from $.22 to
$.26 for each Treasury securities transfer and reversal sent and
received, changed from fees in effect since CY 2006. The surcharge for
an off-line Treasury book-entry transfer will be $33.00, unchanged from
CY 2006.
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, or 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
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 November 22, 2006, Docket No. OP-1269.
The following is the Treasury fee schedule that will take effect on
January 2, 2007, for the book-entry transfers on NBES:
TREASURY-NBES FEE SCHEDULE \1\
Effective January 2, 2007 (In Dollars)
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Funds \2\
Transfer type Basic fee Off-line surcharge movement fee Total fee
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On-line transfer originated........... .26 N/A..................... .05 .31
On-line transfer received............. .26 N/A..................... .05 .31
On-line reversal transfer originated.. .26 N/A..................... .05 .31
On-line reversal transfer received.... .26 N/A..................... .05 .31
Off-line transfer originated.......... .26 33.00................... .05 33.31
Off-line transfer received............ .26 33.00................... .05 33.31
Off-line account switch received...... .26 .00..................... .05 .31
Off-line reversal transfer originated. .26 33.00................... .05 33.31
Off-line reversal transfer received... .26 33.00................... .05 33.31
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\1\ The Treasury does not charge a fee for account maintenance, the stripping and reconstituting of Treasury
securities, or 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: September 20, 2006.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. E6-19601 Filed 11-21-06; 8:45 am]
BILLING CODE 4810-39-P