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Federal Reserve Bank OF DALLAS W IL L IA M H. W ALLACE FIRST V IC E P R ES ID EN T AND CH IEF O PER ATING O FFIC ER DALLAS, TEXAS 75222 April 28, 1987 Circular 87-31 TO: The Chief Executive Officer of all depository institutions in the Eleventh Federal Reserve District SUBJECT Change in fees for Federal agency book-entry securities DETAILS As announced in Circular 87-28 dated April 10, 1987, a new fee schedule for the Federal agency book-entry securities services will be effective May 1, 1987. This schedule reduces the fee charged for originating an on-line securities transfer from $3.00 to $2.25 and reduces the fee charged for originating or receiving an off-line securities transfer from $10.00 to $7.00. The Treasury's book-entry transfer fees will remain unchanged. The new schedule also reduces the monthly per issue maintenance fee from $.50 per issue to $.45 per issue. ENCLOSURES Enclosed are revisions to Appendix A of Federal Reserve Bank of Dallas Bulletin No. 7, and Appendix B of Fiscal Agency Operating Circular No. 2 which reflect new fee schedules for book-entry securities. Please substitute the enclosed pages in Volume 1 of your Regulations Binder. MORE INFORMATION For more information please contact the following individuals: Tyrone Gholson, (214) 651-6263 at the Head Office; Robert W. Schultz, (915) 544-4730 at the El Paso Branch; Luke E. Richards, (713) 659-4433 at the Houston Branch; or Tony G. Valencia, (512) 224-2141 at the San Antonio Branch, Sincerely yours, For additional copies of any circular please contact the Public Affairs Department at (214) 651-6289. Banks and others are encouraged to use the following incoming WATS numbers in contacting this Bank (800) 442-7140 (intrastate) and (800) 527-9200 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) FEDERAL RESERVE BANK OF DALLAS BULLETIN 7 Appendix A FEE SCHEDULE Book-Entry: Federal Agency Account Switches (on-line institutions) Account Switches (off-line institutions) Account Maintenance per account Account Maintenance per issue Treasury Account Account Account Account Switches (on-line institutions) Switches (off-line institutions) Maintenance per account Maintenance per issue Definitive Securities Deposit and Withdrawals Account Maintenance per transaction per transaction per month per account, per month $ 2.25 7.00 15.00 .45 per transaction per transaction per month per account, per month $ 2.25 7.00 no fee no fee per transaction $ 10.00 per receipt, per month (1-400) 2.25 (over 400) 2.00 Fees are not assessed on transactions involving collateral accounts such as Treasury Tax & Loan, Circular 176 (Secretary of the Treasury), and Loans. 5-87 FISCAL AGENCY OPERATING CIRCULAR NO. 2 FEDERAL RESERVE BANK OF DALLAS Appendix B FEE SCHEDULE Security transfers: Federal Agency Originated On-Line Originated Off-Line Received Off-Line per transaction per transaction per transaction $ 2.25 7.00 7.00 Treasury Originated On-Line Originated Off-Line Received Off-Line per transaction per transaction per transaction 2.25 7.00 7.00 5-87