80_FR_71101 80 FR 70881 - Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System

80 FR 70881 - Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System

DEPARTMENT OF THE TREASURY
Fiscal Service
Bureau of the Fiscal Service

Federal Register Volume 80, Issue 220 (November 16, 2015)

Page Range70881-70881
FR Document2015-29194

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.

Federal Register, Volume 80 Issue 220 (Monday, November 16, 2015) 
[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)]
[Notices]
[Page 70881]
From the Federal Register Online  [www.thefederalregister.org]
[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]
----------------------------------------------------------------------------------------------------------------
                                                                     Off-line          Funds
                  Transfer type                      Basic fee       surcharge     movement fee      Total fee
----------------------------------------------------------------------------------------------------------------
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

Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices 70881 Burden Estimate: DEPARTMENT OF THE TREASURY movement fee is not a Treasury fee, but Estimated Number of Respondents: is charged by the Federal Reserve for the 61. Fiscal Service cost of moving funds associated with Estimated Annual Responses per the transfer of a Treasury book-entry Respondent: 12 per year. Bureau of the Fiscal Service security. The two fees will result in a Estimated Burden per Response: 40 combined fee of $0.92 for each transfer Fee Schedule for the Transfer of U.S. of Treasury book-entry securities. The hours per month/per bank. Treasury Book-Entry Securities Held surcharge for an off-line Treasury book- Estimated Total Annual Burden: on the National Book-Entry System 29,280 hours. entry securities transfer will remain at Comments submitted in response to $50.00. Off-line refers to the sending Authority: 31 CFR 357.45. this notice will be summarized and and receiving of transfer messages to or included in the request for OMB AGENCY: Bureau of the Fiscal Service, from a Federal Reserve Bank by means approval. All comments become a Fiscal Service, Treasury. other than on-line access, such as by matter of public record. Comments are ACTION: Notice. written, facsimile, or telephone voice invited on: instruction. The basic transfer fee SUMMARY: The Department of the assessed to both sends and receives is (a) Whether the collection of Treasury (Treasury) is announcing a information is necessary for the proper reflective of costs associated with the new fee schedule applicable to transfers processing of securities transfers. The performance of the functions of the of U.S. Treasury book-entry securities OCC, including whether the information off-line surcharge reflects the additional maintained on the National Book-Entry processing costs associated with the shall have practical utility; System (NBES) that occur on or after (b) The accuracy of the OCC’s manual processing of off-line securities January 4, 2016. transfers. estimate of the burden of the collection DATES: Effective January 4, 2016. of information; Treasury does not charge a fee for FOR FURTHER INFORMATION CONTACT: account maintenance, the stripping and (c) Ways to enhance the quality, utility, and clarity of the information to Brandon Taylor or Janeene Wilson, reconstitution of Treasury securities, the be collected; Bureau of the Fiscal Service, 202–504– wires associated with original issues, or (d) Ways to minimize the burden of 3550. interest and redemption payments. the collection on respondents, including SUPPLEMENTARY INFORMATION: Treasury Treasury currently absorbs these costs. through the use of automated collection has established a fee structure for the The fees described in this notice techniques or other forms of information transfer of Treasury book-entry apply only to the transfer of Treasury technology; and securities maintained on NBES. book-entry securities held on NBES. (e) Estimates of capital or start-up Treasury reassesses this fee structure periodically based on its review of the Information concerning fees for book- costs and costs of operation, entry transfers of Government Agency maintenance, and purchase of services latest book-entry costs and volumes. For each transfer or reversal of securities, which are priced by the to provide information. Federal Reserve, is set out in a separate Treasury securities sent or received on Dated: November 9, 2015. or after January 4, 2016, the basic fee Federal Register notice published by Stuart E. Feldstein, will increase from $0.75 to $0.81. The the Federal Reserve. Director, Legislative & Regulatory Activities Board of Governors of the Federal The following is the Treasury fee Division. Reserve System (Federal Reserve) will schedule that will take effect on January [FR Doc. 2015–28896 Filed 11–13–15; 8:45 am] maintain its fee for Federal Reserve 4, 2016, for book-entry transfers on BILLING CODE 4810–33–P funds movement at $0.11. The funds NBES: TREASURY—NBES FEE SCHEDULE—EFFECTIVE JANUARY 4, 2016 [In dollars] Off-line Funds Transfer type Basic fee Total fee surcharge movement fee 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 Dated: October 22, 2015. DEPARTMENT OF THE TREASURY Notice and request for ACTION: David A. Lebryk, comments. tkelley on DSK3SPTVN1PROD with NOTICES Fiscal Assistant Secretary. Internal Revenue Service [FR Doc. 2015–29194 Filed 11–13–15; 8:45 am] SUMMARY: The Department of the Proposed Collection; Comment Treasury, as part of its continuing effort BILLING CODE 4810–AS–P Request for Form 8611 to reduce paperwork and respondent burden, invites the general public and AGENCY: Internal Revenue Service (IRS), other Federal agencies to take this Treasury. opportunity to comment on proposed VerDate Sep<11>2014 19:47 Nov 13, 2015 Jkt 238001 PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1


Document Created: 2015-12-14 14:13:37
Document Modified: 2015-12-14 14:13:37
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesEffective January 4, 2016.
ContactBrandon Taylor or Janeene Wilson, Bureau of the Fiscal Service, 202-504-3550.
FR Citation80 FR 70881 
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