[Federal Register Volume 74, Number 214 (Friday, November 6, 2009)]
[Notices]
[Pages 57557-57558]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-26738]


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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, Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury is announcing a new fee 
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 4, 2010. The basic fee for the transfer of a Treasury 
book-entry security will increase from $.30 to $.31. The Federal 
Reserve funds movement fee will increase from $.05 to $.06, resulting 
in a combined fee of $.37 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.

DATES: Effective Date: January 4, 2010.

FOR FURTHER INFORMATION CONTACT: James Sharer, Director of Book-Entry 
and Program Support, Bureau of the Public Debt, 799 9th Street, NW., 
Washington, DC 20239, (202) 504-3550; Kristina Yeh, Financial Systems 
Analyst, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 
20239, (202) 504-3550.

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 4, 2010, the basic fee will increase to $.31 from 
$.30. 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.
    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.
    The following is the Treasury fee schedule that will take effect on 
January 4, 2010, for the book-entry transfers on NBES:

[[Page 57558]]



                             Treasury-NBES Fee Schedule\1\ Effective January 4, 2010
                                                  [In dollars]
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                                                                                         Funds \2\
                       Transfer type                         Basic fee   Off[dash]line    movement    Total fee
                                                                           surcharge        fee
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On[dash]line transfer originated..........................          .31           N/A           .06          .37
On[dash]line transfer received............................          .31           N/A           .06          .37
On[dash]line reversal transfer originated.................          .31           N/A           .06          .37
On[dash]line reversal transfer received...................          .31           N/A           .06          .37
Off[dash]line transfer originated.........................          .31         33.00           .06        33.37
Off[dash]line transfer received...........................          .31         33.00           .06        33.37
Off[dash]line account switch received.....................          .31           .00           .06          .37
Off[dash]line reversal transfer originated................          .31         33.00           .06        33.37
Off[dash]line reversal transfer received..................          .31         33.00           .06        33.37
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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.
\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 16, 2009.
Richard L. Gregg,
Acting Fiscal Assistant Secretary.
[FR Doc. E9-26738 Filed 11-5-09; 8:45 am]
BILLING CODE 4810-35-P