[Federal Register Volume 60, Number 14 (Monday, January 23, 1995)]
[Notices]
[Pages 4473-4474]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1595]



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DEPARTMENT OF THE TREASURY

Fiscal Service


Fee Schedules for the Issuance of Definitive Securities and 
TREASURY DIRECT Securities Accounts

AGENCY: Bureau of the Public Debt, Fiscal Service, Treasury.

ACTION: Notice.

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SUMMARY: This notice announces two schedules of fees to be assessed for 
marketable Treasury securities. This assessment of fees implements a 
provision of the Treasury, Postal Service and General Government 
Appropriations Act of 1995. Treasury will collect fees to offset the 
cost of providing services. Fees will be assessed for each definitive 
security issued to customers, and for annual maintenance for certain 
TREASURY DIRECT securities accounts. A final rule, which authorizes the 
assessment of fees, is published in this issue of the Federal Register.

EFFECTIVE DATE: This notice is effective January 23, 1995. However, 
fees will be assessed beginning January 30, 1995, for definitive 
securities, and May 19, 1995, for securities accounts in the TREASURY 
DIRECT book-entry system.

FOR FURTHER INFORMATION CONTACT: Maureen Parker, Director, Division of 
Securities Systems, Bureau of the Public Debt (304) 480-7761, Susan 
Klimas, Attorney-Adviser, Office of the Chief Counsel, Bureau of the 
Public Debt (304) 480-5192.

SUPPLEMENTARY INFORMATION: The Treasury, Postal Service and General 
Government Appropriations Act of 1995 (Pub.L. 103-329), authorizes the 
Secretary to collect a fee of not less than $46 for each definitive 
security issued to customers. The legislation also authorizes the 
Secretary to collect an annual fee for each TREASURY DIRECT Investor 
Account, referred to in the regulations as a ``Securities account'', 
holding securities which exceed $100,000 in par value. Congress granted 
the authority to assess fees to enable the Treasury to recover the 
costs of providing these services to investors.

Fee Schedule for Definitive Securities

    Part 306 was amended by a final rule published separately in this 
issue of the Federal Register, to add a new section 306.24.
    This section provides that a fee will be charged for each 
definitive security issued on a transfer, reissue, exchange or 
withdrawal from book-entry, or the granting of relief on account of 
loss or theft, in accordance with a fee schedule published in the 
Federal Register. The fees will be imposed beginning January 30, 1995, 
and the fee schedule appears below in this notice.
    Investors requesting a transaction that results in the issue of a 
registered or bearer Treasury note or bond will be charged a fee of $50 
for each new certificate issued. Payment in the form of a check or 
money order, payable to the Federal Reserve Bank processing the 
transaction, must accompany the request. Any request submitted without 
the fee payment will be returned to the investor. Payments from 
depository institutions may be debited from the reserve account 
maintained by the institution at the appropriate Federal Reserve Bank.

Fee Schedule for Securities in the TREASURY DIRECT Book-entry System

    31 CFR Part 357, which governs Treasury securities held in the 
TREASURY DIRECT book-entry system, was amended to add a new paragraph 
(f) to Section 357.20. Paragraph (f) provides that accounts holding 
securities above a stipulated par amount will be charged a fee in 
accordance with a fee schedule published in the Federal Register. The 
[[Page 4474]] fees will be imposed as of May 19, 1995, and the fee 
schedule applicable appears below in this notice.
    Each TREASURY DIRECT Securities Account which exceeds $100,000, par 
value, will be charged an annual fee of not less than $25. The 
determination as to the amount of the fee will be made annually.

    Dated: January 17, 1995.
Gerald Murphy,
Fiscal Assistant Secretary.

Schedule of Fees Assessed for Marketable Treasury Securities

    The fee schedule for the issuance of a definitive security is as 
follows:
    A fee of $50 will be charged for each definitive security issued on 
a transfer, reissue, exchange or withdrawal from book-entry form, or as 
a result of the granting of relief on account of loss, theft, 
destruction, mutilation or defacement. Payment of the fee must 
accompany the request for the issue of securities in physical form. If 
a request results in the issuance of more than one security, the amount 
of the fee is arrived at by multiplying the number of pieces requested 
by $50. The fee announced above applies beginning January 30, 1995.

Schedule of Fees for TREASURY DIRECT Book-entry System Accounts

    The fee schedule for TREASURY DIRECT securities accounts is as 
follows:
    Each TREASURY DIRECT securities account holding Treasury bonds, 
notes and bills, pursuant to 31 CFR Part 357, that exceeds $100,000 in 
par amount will be charged an annual maintenance fee in the amount of 
$25. For 1995, this will be imposed on accounts exceeding $100,000 in 
par amount as of May 19, 1995. The determination as to what accounts 
are subject to the fee shall be made annually. Each account holder will 
be individually billed.

[FR Doc. 95-1595 Filed 1-20-95; 8:45 am]
BILLING CODE 4810-39-P