Fee Schedule for the Transfer of U.S. Treasury Book-Entry Securities Held on the National Book-Entry System

The Department of the Treasury is announcing a new fee schedule for the transfer of book-entry securities maintained on the National Book-Entry System (NBES). This fee schedule will take effect on January 2, 2001. Based on the latest review of costs, the new basic fee for a Treasury book-entry security transfer will be reduced $.02 for each transfer. Concurrent with Treasury's fee reduction, the Federal Reserve will be increasing the fee for the movement of funds by $.02. These changes will result in the combined fee for a Treasury security transfer of $.70. The combined fee is unchanged from CY 2000. In addition to the basic fee, off-line transfers have a surcharge. The surcharge for an off-line Treasury book-entry transfer will be $25.00, increasing $7.00 or 39%.