Skip to Content

Notice

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

Document Details

Information about this document as published in the Federal Register.

Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble

AGENCY:

Bureau of the Fiscal Service, Fiscal Service, Treasury.

ACTION:

Notice.

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, 2014.

DATES:

Effective January 2, 2014.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Kristina Yeh, Bureau of the Fiscal Service, 202-504-3550.

End Further Info End Preamble Start Supplemental Information

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, 2014, the basic fee will be unchanged at $0.56. The Board of Governors of the Federal Reserve System (Federal Reserve) will increase its fee for Federal Reserve funds movement from $0.09 to $0.11. This will result in a combined fee of $0.67 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 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 2, 2014, for book-entry transfers on NBES:

Treasury-NBES Fee Schedule 1

[Effective January 2, 2014 (in dollars)]

Transfer typeBasic feeOff-line surchargeFunds 2 movement feeTotal fee
On-line transfer originated0.56N/A0.110.67
On-line transfer received0.56N/A0.110.67
On-line reversal transfer originated0.56N/A0.110.67
On-line reversal transfer received0.56N/A0.110.67
Off-line transfer originated0.5640.000.1140.67
Off-line transfer received0.5640.000.1140.67
Off-line account switch received0.560.000.110.67
Off-line reversal transfer originated0.5640.000.1140.67
Off-line reversal transfer received0.5640.000.1140.67
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.
Start Authority

Authority: 31 CFR 357.45.

End Authority Start Signature

October 30, 2013.

Richard L. Gregg,

Fiscal Assistant Secretary.

End Signature End Supplemental Information

[FR Doc. 2013-26561 Filed 11-5-13; 8:45 am]

BILLING CODE 4810-39-P