[Federal Register Volume 71, Number 225 (Wednesday, November 22, 2006)]
[Notices]
[Pages 67707-67708]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-19601]


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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