96-29072. 1997 Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held at Federal Reserve Banks

[Federal Register Volume 61, Number 220 (Wednesday, November 13, 1996)]
[Notices]
[Page 58278]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-29072]


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DEPARTMENT OF THE TREASURY

Fiscal Service


1997 Fee Schedule for the Transfer of U.S. Treasury Book-Entry 
Securities Held at Federal Reserve Banks

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 the schedule of 
fees to be charged in 1997 on the transfer of book-entry Treasury 
securities between depository institution accounts maintained at 
Federal Reserve Banks and Branches, as well as transfers to and from 
Federal Reserve Bank accounts.

EFFECTIVE DATE: January 1, 1997.

FOR FURTHER INFORMATION CONTACT: Carl M. Locken, Jr., Assistant 
Commissioner (Financing), Bureau of the Public Debt, Room 534, E St. 
Building, Washington, D.C. 20239-0001, telephone [phone].
    Diane M. Polowczuk, Government Securities Specialist, Bureau of the 
Public Debt, Room 534, E St. Building, Washington, D.C. 20239-0001, 
telephone [phone].

SUPPLEMENTARY INFORMATION: On October 1, 1985, the Department of the 
Treasury established a fee schedule for the transfer of Treasury book-
entry securities between one book-entry account to another book-entry 
account of the same depository institution, and between the accounts of 
one depository institution and the accounts of another depository 
institution that maintain their accounts at Federal Reserve Banks and 
Branches. This fee schedule also applies to the book-entry transfer of 
securities between depository institution accounts and Federal Reserve 
Bank accounts.
    Based on the latest review of book-entry costs and volumes, the 
Treasury has decided that the fees for securities transfers in 1997 
should remain unchanged from the levels currently in effect.
    The fees described in this notice apply only to the transfer of 
Treasury book-entry securities. The Federal Reserve System assesses the 
fees to recover the costs associated with the processing of the funds 
component of Treasury book-entry transfer messages, as well as the 
costs of providing book-entry services for Government agencies. 
Information concerning book-entry transfers of government agency 
securities, which are priced by the Federal Reserve System, is set out 
in a separate notice published by the Board of Governors of the Federal 
Reserve System.
    The following is the Treasury fee schedule that will be effective 
January 1, 1997, for the Treasury book-entry transfer service:

                            1997 Fee Schedule                           
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                                                                Cost per
                                                                transfer
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On-line transfers originated..................................     $1.65
On-line reversal transfers received...........................      1.65
Off-line transfers originated.................................      9.40
Off-line transfers received...................................      9.40
Off-line reversal transfers received..........................      9.40
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    Dated: November 6, 1996.
Gerald Murphy,
Fiscal Assistant Secretary.
[FR Doc. 96-29072 Filed 11-12-96; 8:45 am]
BILLING CODE 4810-35-P