Fedwire® Securities Service 2024 Fee Schedules
Transfer Fees
| Service | Agency Securities Billing Code | Treasury Securities Billing Code | Fee |
|---|---|---|---|
| Basic Transfer Origination and Received | 20121 / 20122 | 20125 / 20126 | $0.61Footnote 2 |
| Basic Reversal Origination and Received | 20123 / 20124 | 20127 / 20128 | $0.61Footnote 2 |
| Off-Line Origination and Receipt Surcharge | 20131 / 20132 | 20129 / 20130 | $80.00Footnote 3 |
Monthly Maintenance Fees
| Service | Billing Code | Fee |
|---|---|---|
| Account Maintenance (per account) | 20107 | $57.50Footnote 2, Footnote 4 |
| Issue Maintenance (per issue/per account) | 20108 | $0.61Footnote 2, Footnote 5 |
ACAP FeesFootnote 6
| Service | Billing Code | FeeFootnote 2 |
|---|---|---|
| Fail Claim Adjustment Fee (Debit / Credit) | 20144 / 20145 | $1.00 |
| Interim Claim Adjustment Fee | 20142 | $1.00 |
| Repo Claim Adjustment Fee | 20143 | $1.00 |
| Securities Lending Claim Adjustment Fee | 20146 | $1.00 |
| Service | Billing Code | FeeFootnote 2 |
|---|---|---|
| Repo Start Fee / Reversal Fee | 20149 / 20150 | $0.10 |
| Repo Close Fee / Reversal Fee | 20151 / 20152 | $0.10 |
| Repo Balance Only Adjustment Fee / Reversal Fee | 20153 / 20154 | $0.10 |
| Securities Lending Start Fee / Reversal Fee | 20155 / 20156 | $0.10 |
| Securities Lending Close Fee / Reversal Fee | 20157 / 20158 | $0.10 |
| Securities Lending Balance Only Adjustment Fee / Reversal Fee | 20159 / 20160 | $0.10 |
| Service | Billing Code | FeeFootnote 2 |
|---|---|---|
| Repo Position Maintenance Fee (per position maintained/per business day)Footnote 7 | 20147 | $0.03 |
| Securities Lending Position Maintenance Fee (per position maintained/per business day)Footnote 8 | 20148 | $0.03 |
Other Fees
| Service | Billing Code | Fee |
|---|---|---|
| GNMA Serial Note Stripping or Reconstitution | 20133 | $9.00Footnote 9 |
| Joint Custody Origination Surcharge | 20134 | $46.00Footnote 2, Footnote 10 |
| Delivery of Reports – Hard Copy Reports to On-Line Customers | 20115 | $50.00Footnote 2 |
Effective January 2, 2024
Footnotes:
1Restricted Securities Accounts maintained by the Reserve Banks under the Loans and Discounts program and the 31 C.F.R. part 202 program are not assessed for monthly account maintenance fees or fees for Transfers of Book-Entry Securities to or from such Restricted Securities Accounts. Restricted Securities Accounts maintained by the Reserve Banks under the 31 C.F.R. part 225 program are subject to monthly account maintenance fees but not fees for Transfers of Book-Entry Securities to or from such Restricted Securities Accounts.
2These fees are set by the Federal Reserve Banks.
3This surcharge is set by the Federal Reserve Banks. It is in addition to any basic transfer or reversal fee.
4The U.S. Department of the Treasury absorbs the cost of monthly account maintenance for securities accounts that contain only Treasury securities and reimburses the Federal Reserve Banks.
5The U.S. Department of the Treasury absorbs the cost of monthly issue maintenance for custody holdings of Treasury securities and reimburses the Federal Reserve Banks.
6Automated Claim Adjustment Process (ACAP) fees apply to all ACAP-eligible security types. Phase 2 of the ACAP enhancement project will include expanding ACAP tracking to all coupon-paying securities issued over the Fedwire Securities Service and adding securities lending as a transaction type. Please visit the ACAP website for information about the ACAP enhancement project.
7Participants are charged the Repo Position Maintenance Fee for both a Repo-Out balance and a Repo-In balance. These fees will be assessed every business day.
8Participants are charged the Securities Lending Position Maintenance Fee for both a Securities Borrowed balance and a Securities Lent balance. These fees will be assessed every business day. Securities lending positions will be available when Phase 2 of the ACAP enhancement project is implemented. Please visit the ACAP website for information about the ACAP enhancement project.
9This fee is set by and remitted to the Government National Mortgage Association (GNMA).
10The Federal Reserve Banks charge participants a Joint Custody Origination Surcharge for both Agency and Treasury securities.