[Federal Register Volume 69, Number 216 (Tuesday, November 9, 2004)]
[Notices]
[Pages 65019-65020]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-24968]


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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, Department of the 
Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury is announcing a new fee 
schedule for the transfer of book-entry securities maintained on the 
National Book-Entry System (NBES). This fee schedule will take effect 
on January 3, 2005. The basic fee for the transfer of a Treasury book-
entry security will be $.21, unchanged from fees in effect since July 
1, 2003. The Federal Reserve funds movement fee will be $.04, unchanged 
from the funds movement fee in effect since January 2, 2004, resulting 
in a combined fee of $.25 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 in CY 2005 
will be increasing from $28.00 to $33.00.

EFFECTIVE DATE: January 3, 2005.

FOR FURTHER INFORMATION CONTACT:
Edward C. Leithead, Director, Primary & Secondary Market Fixed Income 
Securities (Financing), Bureau of the Public Debt, c/o Federal Reserve 
Bank of New York, 33 Liberty Street, New York, NY 10045-0001, telephone 
(212) 720-2883.
Danny Convery, Financial Systems Analyst, Bureau of the Public Debt, 
799 9th Street NW, Washington, DC 20239, telephone (202) 504-3675.
Dennis Buchholz, Financial Systems Analyst, Bureau of the Public Debt, 
799 9th Street NW, Washington, DC 20239, telephone (202) 504-3688.

SUPPLEMENTARY INFORMATION. On October 1, 1985, the Department of the 
Treasury established a fee structure for the transfer of Treasury book-
entry securities maintained on NBES.
    Effective January 3, 2005, the basic fee will be $.21 for each 
Treasury securities transfer and reversal sent and received, unchanged 
from fees in effect since July 1, 2003. The surcharge for an off-line 
Treasury book-entry transfer will increase from $28.00 to $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, or the wires 
associated with original issues, or interest and redemption payments. 
The Treasury currently absorbs these costs and will continue to do so.
    The fees described in this notice apply only to the transfer of 
Treasury book-entry securities held on NBES. Information concerning 
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 on November 9, 2004, docket number OP-1216.
    The following is the Treasury fee schedule that will take effect on 
January 3, 2005, for the book-entry transfers on NBES:

                                         Treasury-NBES Fee Schedule \1\
                                           [Effective January 3, 2005]
                                                  [In Dollars]
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                                                                                         Funds \2\
                        Transfer type                          Basic fee     Off-line     movement    Total fee
                                                                            surcharge       fee
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On-line transfer originated.................................          .21          N/A          .04          .25
On-line transfer received...................................          .21          N/A          .04          .25
On-line reversal transfer originated........................          .21          N/A          .04          .25
On-line reversal transfer received..........................          .21          N/A          .04          .25
Off-line transfer originated................................          .21        33.00          .04        33.25
Off-line transfer received..................................          .21        33.00          .04        33.25

[[Page 65020]]

 
Off-line account switch received............................          .21          .00          .04          .25
Off-line reversal transfer originated.......................          .21        33.00          .04        33.25
Off-line reversal transfer received.........................          .21        33.00          .04       33.25
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\1\ The Treasury does not charge a fee for account maintenance, the stripping and reconstituting of Treasury
  securities, or the wires associated with original issues, or interest and redemption payments. The Treasury
  currently absorbs these costs and will continue to do so.
\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: November 4, 2004.
Donald V. Hammond,
Fiscal Assistant Secretary.
[FR Doc. 04-24968 Filed 11-8-04; 8:45 am]
BILLING CODE 4810-39-P