Notice2021-24936
Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the Fedwire Securities Service
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 16, 2021
Effective
January 3, 2022
Issuing agencies
Treasury DepartmentBureau of the Fiscal Service
Abstract
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 3, 2022.
Full Text
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<title>Federal Register, Volume 86 Issue 218 (Tuesday, November 16, 2021)</title>
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[Federal Register Volume 86, Number 218 (Tuesday, November 16, 2021)]
[Notices]
[Pages 63451-63452]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-24936]
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DEPARTMENT OF THE TREASURY
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, Treasury.
ACTION: Notice.
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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 3, 2022.
DATES: Effective January 3, 2022.
FOR FURTHER INFORMATION CONTACT: Janeene Wilson, Bureau of the Fiscal
Service, 304-480-6321.
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 3, 2022, the basic fee will increase from $0.65 to
$0.74. 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 increase from $70.00 to $80.00.
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.
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\1\ The Board of Governors of the Federal Reserve System sets
this fee separately from the fees assessed by Treasury. For a
current listing of the Federal Reserve System's fees, please refer
to <a href="https://www.frbservices.org/financial-services/securities/index.html">https://www.frbservices.org/financial-services/securities/index.html</a>.
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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 3, 2022, for book-entry transfers on Fedwire:
Treasury-Fedwire Fee Schedule Effective January 3, 2022
[In dollars]
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Fee
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Basic Transfer Origination.............................. 0.74
Basic Transfer Received................................. 0.74
Basic Reversal Origination.............................. 0.74
Basic Reversal Received................................. 0.74
Off-line Origination and Receipt Surcharge.............. 80.00
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[[Page 63452]]
Authority: 31 CFR 357.45.
Timothy E. Gribben,
Commissioner, Bureau of the Fiscal Service.
[FR Doc. 2021-24936 Filed 11-15-21; 8:45 am]
BILLING CODE 4810-AS-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.