[Federal Register Volume 72, Number 217 (Friday, November 9, 2007)]
[Notices]
[Pages 63657-63658]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-22007]


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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