[Federal Register Volume 77, Number 217 (Thursday, November 8, 2012)]
[Notices]
[Pages 67062-67063]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-26869]


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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 2, 2013.

DATES: Effective January 2, 2013.

FOR FURTHER INFORMATION CONTACT: Kristina Yeh, Bureau of the Public 
Debt, 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 2, 2013, the basic fee will increase from $0.48 to 
$0.56. The Federal Reserve will maintain its fee for Federal Reserve 
funds movement at $0.09. This will result in a combined fee of $0.65 
for each transfer of Treasury book-entry securities. The surcharge for 
an off-line Treasury book-entry securities transfer will remain at 
$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 2, 2013, for book-entry transfers on NBES:

[[Page 67063]]



                                         Treasury--NBES Fee Schedule \1\
                                    [Effective January 2, 2013 (in dollars)]
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                                                                                         Funds \2\
                        Transfer type                          Basic fee     Off-line     movement    Total fee
                                                                            surcharge       fee
----------------------------------------------------------------------------------------------------------------
On-line transfer originated.................................         0.56          N/A         0.09         0.65
On-line transfer received...................................         0.56          N/A         0.09         0.65
On-line reversal transfer originated........................         0.56          N/A         0.09         0.65
On-line reversal transfer received..........................         0.56          N/A         0.09         0.65
Off-line transfer originated................................         0.56        40.00         0.09        40.65
Off-line transfer received..................................         0.56        40.00         0.09        40.65
Off-line account switch received............................         0.56         0.00         0.09         0.65
Off-line reversal transfer originated.......................         0.56        40.00         0.09        40.65
Off-line reversal transfer received.........................         0.56        40.00         0.09        40.65
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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.

    Dated: October 16, 2012.
Richard L. Gregg,
Fiscal Assistant Secretary.
[FR Doc. 2012-26869 Filed 11-7-12; 8:45 am]
BILLING CODE 4810-39-P