[Federal Register Volume 62, Number 218 (Wednesday, November 12, 1997)]
[Notices]
[Page 60748]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29719]
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DEPARTMENT OF THE TREASURY
Fiscal Service
1998 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 1998 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, 1998.
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 (202) 219-3350.
Diane M. Polowczuk, Government Securities Specialist, Bureau of the
Public Debt, Room 534, E St. Building, Washington, D.C. 20239-0001,
telephone (202) 219-3350.
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 depositary 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 1998
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, 1998, for the Treasury book-entry transfer service:
1998 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: October 31, 1997.
Gerald Murphy,
Fiscal Assistant Secretary.
[FR Doc. 97-29719 Filed 11-10-97; 8:45 am]
BILLING CODE 4810-35-P