[Federal Register Volume 76, Number 214 (Friday, November 4, 2011)]
[Notices]
[Pages 68523-68524]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-28589]


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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 (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 3, 2012.

[[Page 68524]]


DATES: Effective Date: January 3, 2012.

FOR FURTHER INFORMATION CONTACT: James Sharer or Kristina Yeh, Bureau 
of the Public Debt, Department of the Treasury at (202) 504-3550.

SUPPLEMENTARY INFORMATION: 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 3, 2012, the basic fee will increase from $0.38 to 
$0.48. The Federal Reserve will also increase its fee for Federal 
Reserve funds movement from $0.07 to $0.09. This will result in a 
combined fee of $0.57 for each transfer of Treasury book-entry 
securities. The surcharge for an off-line Treasury book-entry 
securities transfer will increase from $33.00 to $40.00. Off-line 
refers to the sending and receiving of transfer messages to or from a 
Reserve Bank by means other than on-line access such as by written, 
facsimile, or telephone voice instruction. The basic transfer fee 
assessed to both sends and receives is reflective of costs associated 
with the processing of securities transfers. The off-line surcharge 
reflects the additional processing costs associated with the manual 
processing of off-line securities transfers.
    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. 
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 3, 2012, for book-entry transfers on NBES:

                            Treasury-NBES Fee Schedule \1\--Effective January 3, 2012
                                                  [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.............................        0.48           N/A         0.09        0.57
On[dash]line transfer received...............................        0.48           N/A         0.09        0.57
On[dash]line reversal transfer originated....................        0.48           N/A         0.09        0.57
On[dash]line reversal transfer received......................        0.48           N/A         0.09        0.57
Off[dash]line transfer originated............................        0.48         40.00         0.09       40.57
Off[dash]line transfer received..............................        0.48         40.00         0.09       40.57
Off[dash]line account switch received........................        0.48          0.00         0.09        0.57
Off[dash]line reversal transfer originated...................        0.48         40.00         0.09       40.57
Off[dash]line reversal transfer received.....................        0.48         40.00         0.09       40.57
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\1\ 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. 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.

Richard L. Gregg,
Fiscal Assistant Secretary.
[FR Doc. 2011-28589 Filed 11-3-11; 8:45 am]
BILLING CODE 4810-39-P