98-1977. Application and Renewal Fees Imposed on Surety Companies and Reinsuring Companies; Increase in Fees Imposed

[Federal Register Volume 63, Number 18 (Wednesday, January 28, 1998)]
[Notices]
[Page 4345]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1977]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Fiscal Service


Application and Renewal Fees Imposed on Surety Companies and 
Reinsuring Companies; Increase in Fees Imposed

AGENCY: Financial Management Service, Fiscal Service, Department of the 
Treasury.

-----------------------------------------------------------------------

SUMMARY: Effective December 31, 1997, The Department of the Treasury, 
Financial Management Service, is increasing the fees it imposes on and 
collects from surety companies and reinsuring companies.

FOR FURTHER INFORMATION CONTACT:
Surety Bond Branch, [phone].

SUPPLEMENTARY INFORMATION: The fees imposed and collected, as referred 
to in 31 CFR 223.22, cover the costs incurred by the Government for 
services performed relative to qualifying corporate sureties to write 
Federal business. These fees are determined in accordance with the 
Office of Management and Budget Circular A-25, as amended. The increase 
in fees is the result of a thorough analysis of costs associated with 
the Surety Bond Branch.
    The new fee rate schedule is as follows:
    (1) Examination of a company's application for a Certificate of 
Authority as an acceptable surety or as an acceptable reinsuring 
company on Federal bonds--$3,900.
    (2) Determination of a company's continued qualification for annual 
renewal of its Certificate of Authority--$2,300.
    (3) Examination of a company's application for recognition as an 
Admitted Reinsurer (except on excess risks running to the United 
States)--$1,385.
    (4) Determination of a company's continued qualification for annual 
renewal of its authority as an Admitted Reinsurer--$975.
    Questions concerning this notice should be directed to the Surety 
Bond Branch, Funds Management Division, Financial Management Service, 
Department of the Treasury, Hyattsville, MD 20782, Telephone (202) 874-
6850.

    Dated: January 16, 1998.
Charles F. Schwan III,
Acting, Assistant Commissioner, Financial Information, Financial 
Management Service.
[FR Doc. 98-1977 Filed 1-27-98; 8:45 am]
BILLING CODE 4810-35-M