[Federal Register Volume 84, Number 208 (Monday, October 28, 2019)]
[Notices]
[Page 57808]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23482]
=======================================================================
-----------------------------------------------------------------------
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 Fedwire Securities Service
AGENCY: Bureau of the Fiscal Service, Fiscal Service, Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
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 Fedwire Securities Service (Fedwire) that
occur on or after January 2, 2020.
DATES: Applicable January 2, 2020.
FOR FURTHER INFORMATION CONTACT: Brendan Griffiths, 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 Fedwire.
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 2, 2020, the basic fee will decrease from $0.90 to
$0.75. The Federal Reserve System also charges a funds movement fee for
each of these transactions for the funds settlement component of a
Treasury securities transfer.\1\ The surcharge for an off-line Treasury
book-entry securities transfer will remain at $70.00. 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,
which is in addition to the basic fee and the funds movement fee,
reflects the additional processing costs associated with the manual
processing of off-line securities transfers.
---------------------------------------------------------------------------
\1\ The Board of Governors of the Federal Reserve System sets
this fee separately from the fees assessed by Treasury. As of
January 2, 2019, that fee was $0.11 per transaction. For a current
listing of the Federal Reserve System's fees, please refer to
https://www.frbservices.org/financial-services/securities/index.html.
---------------------------------------------------------------------------
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 Fedwire. 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 2, 2020, for book-entry transfers on Fedwire:
Treasury-Fedwire Fee Schedule
Effective January 2, 2020
[In dollars]
------------------------------------------------------------------------
Basic Off-line
Transfer type fee surcharge
------------------------------------------------------------------------
On[dash]line transfer originated.................... 0.75 N/A
On[dash]line transfer received...................... 0.75 N/A
On[dash]line reversal transfer originated........... 0.75 N/A
On[dash]line reversal transfer received............. 0.75 N/A
Off[dash]line transfer originated................... 0.75 70.00
Off[dash]line transfer received..................... 0.75 70.00
Off[dash]line account switch received............... 0.75 0.00
Off[dash]line reversal transfer originated.......... 0.75 70.00
Off[dash]line reversal transfer received............ 0.75 70.00
------------------------------------------------------------------------
Authority: 31 CFR 357.45.
David A. Lebryk,
Fiscal Assistant Secretary.
[FR Doc. 2019-23482 Filed 10-25-19; 8:45 am]
BILLING CODE 4810-AS-P