[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)]
[Notices]
[Page 70881]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-29194]


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DEPARTMENT OF THE TREASURY

Fiscal Service

Bureau of the Fiscal Service


Fee Schedule for the Transfer of U.S. Treasury Book-Entry 
Securities Held on the National Book-Entry System

    Authority:  31 CFR 357.45.

AGENCY: Bureau of the Fiscal Service, 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 4, 2016.

DATES: Effective January 4, 2016.

FOR FURTHER INFORMATION CONTACT: Brandon Taylor or Janeene Wilson, 
Bureau of the Fiscal Service, 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 its review 
of the latest book-entry costs and volumes.
    For each transfer or reversal of Treasury securities sent or 
received on or after January 4, 2016, the basic fee will increase from 
$0.75 to $0.81. The Board of Governors of the Federal Reserve System 
(Federal Reserve) will maintain its fee for Federal Reserve funds 
movement at $0.11. 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. The two fees will 
result in a combined fee of $0.92 for each transfer of Treasury book-
entry securities. The surcharge for an off-line Treasury book-entry 
securities transfer will remain at $50.00. Off-line refers to the 
sending and receiving of transfer messages to or from a Federal 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, is set out in a separate Federal 
Register notice published by the Federal Reserve.
    The following is the Treasury fee schedule that will take effect on 
January 4, 2016, for book-entry transfers on NBES:

                             Treasury--NBES Fee Schedule--Effective January 4, 2016
                                                  [In dollars]
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                                                                     Off-line          Funds
                  Transfer type                      Basic fee       surcharge     movement fee      Total fee
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On-line transfer originated.....................            0.81             N/A            0.11            0.92
On-line transfer received.......................            0.81             N/A            0.11            0.92
On-line reversal transfer originated............            0.81             N/A            0.11            0.92
On-line reversal transfer received..............            0.81             N/A            0.11            0.92
Off-line transfer originated....................            0.81           50.00            0.11           50.92
Off-line transfer received......................            0.81           50.00            0.11           50.92
Off-line account switch received................            0.81            0.00            0.11            0.92
Off-line reversal transfer originated...........            0.81           50.00            0.11           50.92
Off-line reversal transfer received.............            0.81           50.00            0.11           50.92
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    Dated: October 22, 2015.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2015-29194 Filed 11-13-15; 8:45 am]
BILLING CODE 4810-AS-P