E9-26738. 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, Treasury.

ACTION:

Notice.

SUMMARY:

The Department of the 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, 2010. The basic fee for the transfer of a Treasury book-entry security will increase from $.30 to $.31. The Federal Reserve funds movement fee will increase from $.05 to $.06, resulting in a combined fee of $.37 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 will remain $33.00.

DATES:

Effective Date: January 4, 2010.

FOR FURTHER INFORMATION CONTACT:

James Sharer, Director of Book-Entry and Program Support, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 20239, [phone]; Kristina Yeh, Financial Systems Analyst, Bureau of the Public Debt, 799 9th Street, NW., Washington, DC 20239, [phone].

SUPPLEMENTARY INFORMATION:

The Department of the 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 4, 2010, the basic fee will increase to $.31 from $.30. The surcharge for an off-line Treasury book-entry transfer will remain $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, the wires associated with original issues, or interest and redemption payments. The 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 System, is set out in a separate Federal Register notice published by the Board of Governors of the Federal Reserve System.

The following is the Treasury fee schedule that will take effect on January 4, 2010, for the book-entry transfers on NBES:

Treasury-NBES Fee Schedule¹ Effective January 4, 2010

[In dollars]

Transfer type	Basic fee	Off-line surcharge	Funds 2 movement fee	Total fee
On-line transfer originated	.31	N/A	.06	.37
On-line transfer received	.31	N/A	.06	.37
On-line reversal transfer originated	.31	N/A	.06	.37
On-line reversal transfer received	.31	N/A	.06	.37
Off-line transfer originated	.31	33.00	.06	33.37
Off-line transfer received	.31	33.00	.06	33.37
Off-line account switch received	.31	.00	.06	.37
Off-line reversal transfer originated	.31	33.00	.06	33.37
Off-line reversal transfer received	.31	33.00	.06	33.37
1 The 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. The 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.

Authority: 31 CFR 357.45

Dated: October 16, 2009.

Richard L. Gregg,

Acting Fiscal Assistant Secretary.