Circular 74B: How to Make Statutory License Royalty Payments by ACH Credit

copyright-circulars-circular-74bCircular 74B: How to Make Statutory License Royalty Payments by ACH CreditGuidance

w 	copyright.gov
CIRCULAR
74B
Under the copyright statutory licenses, cable systems, satel-
lite carriers, and digital audio recording technology (DART)
manufacturers and importers must pay royalty fees using
electronic funds transfer (EFT). Cable systems and satellite car-
riers are also required to pay a filing fee for current, past, and
future accounting periods. The EFT process benefits both the
remitter and the Copyright Office as the agency responsible
for collecting and distributing royalty fees. EFTs can be trans-
mitted either as Automated Clearing House (ACH) credits or
as Fedwire (wire) transactions, depending on how a transfer
is arranged through a financial institution. Alternatively, they
can be transmitted as ACH debits using the U. S. Treasury
Department’s web-based remittance system, Pay.gov.
For other options, see How to Make Statutory License Roy-
alty Payments by Wire (Circular 74A), or How to Make Statu-
tory License Royalty Payments Using Pay.gov (Circular 74C).
Procedure to Pay by ACH Credit
• 	Contact your financial institution to determine if it is
capable of originating ACH payments. Many finan-
cial institutions offer personal-computer-based ACH
origination programs that allow you to input payment
information directly into the prescribed format and to
transmit the information to the financial institution.
• 	Do not send a prenotification.
• 	Settlement of the ACH must occur by the appropriate
filing deadline. Settlement generally occurs the banking
day after the ACH transmission. Check with your finan-
cial institution on timing to avoid interest payments.
This circular contains instructions
on how to originate an ACH credit
through a financial institution for
statutory license royalty payments. 1
How to Make
Statutory License Royalty
Payments by ACH Credit
How to Make Statutory License Royalty Payments by ACH Credit	2
• 	Provide your financial institution with the specific instructions below so that the ACH can be
transmitted:
Financial institution: 	Federal Reserve Bank of Richmond
Location: 	701 E. Byrd Street, Richmond, VA 23219
Receiving ABA number: 051036706
Account number: 	303017
Account name: 	U.S. Copyright Office
Adenda record: 	See “Payment-Related Instructions”
Payment-Related Instructions
Provide accounting period; the number of statements of account; the type of royalty payment
(cable, satellite, or DART); and the legal name of the owner of the cable system (and the first com-
munity and state served from one statement of account), the satellite carrier, or the DART manu-
facturer or importer covered by the electronic transfer.
Example: APC-952/NSA-00001/TOF-Cable/LNR-ABC CABLE CO (ALBANY NY)/
A description of subfields and their order for payment-related information follows.
Subfield Description
• 	APC: A three-digit subfield indicating the accounting period covered by the electronic transfer.
The second accounting period for the year is indicated by “102.” If the payment covers multiple
accounting periods use “map” as the subfield and indicate on the cover letter the accounting
period for each statement.
• 	NSA: A five-digit subfield with leading zeros representing the number of statements of account
the transfer covers, “00001” for 1 statement and “00095” for 95 statements.
• 	TOF: Indicates the type of royalty fee payment (cable, satellite, or DART).
• 	LNR: The last subfield is for the legal name of the owner of the cable system or satellite carrier
or the DART manufacturer or importer covered by the electronic transfer payment and one
community served if a cable system.
NOTE: All subfields in the payment-related information area must end with a “⁄ ”. The remitter
should inform the financial institution that transmits the EFT to ensure that all information is
provided in the prescribed format. Failure to provide the information in the prescribed format may
cause a delay of the transfer.
Procedures to File the Statement of Account
Cable or Satellite
• 	The royalty fee must be remitted by electronic payment, and the related statement(s) of
account must be filed by the appropriate deadline.
• 	Complete the Remittance Advice Form RA-1 if you are filing a cable or satellite statement of
account. Send the completed form by email or fax to the Licensing Division indicating:
How to Make Statutory License Royalty Payments by ACH Credit	3
1. Remitter’s (company) name
2. Contact person
3. Telephone number and extension, and an email address
4. Date of EFT (actual or anticipated) and type of EFT
5. Type of royalty payment (cable or satellite)
6. Total amount of EFT
7. Legal name (See space B of statement of account)
8. Total amount to be paid by year, period, ID number, first community served (cable only),
filing fees, and royalty fees
DART
• 	The royalty fee must be remitted by electronic payment, and the related statement(s) of
account must be filed by the appropriate deadline.
• 	Complete the Remittance Advice Form RA-2 if you are filing a DART statement.
1. Remitter’s (company) name
2. Contact person
3. Telephone number and email address
4. Date of EFT (actual or anticipated) and type of EFT
5. Total amount of EFT
6. Legal name (See space B of statement of account)
7. Year, period, ID number, and royalty amount paid per statement
Important
• 	A remittance advice form must accompany statements of account.
• 	Royalty payments received after the filing deadline are subject to an interest assessment.
Contact the Licensing Division at licensing@copyright.gov or visit our website at
www.copyright.gov/licensing for interest rates.
• 	Failure to follow these instructions may result in return of the royalty fees to the remitter’s
account.
• 	The Library of Congress, U.S. Copyright Office, Licensing Division, is an agency of the U.S. gov-
ernment and is exempt from backup withholding (taxpayer identification number: 53-6002532).
NOTE: See Copyright Office Licensing Division Service Fees (Circular 76).
NOTE
1. This circular is intended as an overview of how to make statutory license royalty payments by ACH
credit. The authoritative source for U.S. copyright law is the Copyright Act, codified in Title 17 of the
United States Code. Copyright regulations are codified in Title 37 of the Code of Federal Regulations.
Copyright Office practices and procedures are summarized in the third edition of the Compendium
of U.S. Copyright Office Practices, cited as the Compendium. The copyright law, regulations, and the
Compendium are available on the Copyright Office website at www.copyright.gov.
1 	U. S. Copyright Office · Library of Congress · 101 Independence Avenue SE · Washington, DC 20559 · copyright.govCIRCULAR 74B REVISED: 09 /2017 	PRINT: 00 /0000 — 0,000
For Further Information
By Internet
The copyright law, the Compendium, electronic registration, application forms, and related materials
are available from the Copyright Office website at www.copyright.gov.
By Email
To send a licensing related inquiry, e-mail licensing@copyright.gov. To send a general email inquiry,
click the Contact Us link on the Copyright Office website.
By Telephone
For licensing related information, call the Licensing Division at (202) 707-8150. For general infor-
mation about copyright, call the Copyright Public Information Office at (202) 707-3000 or 1-877-
476-0778 (toll free). Staff members are on duty from 8:30 am to 5:00 pm, eastern time, Monday
through Friday, except federal holidays. To request paper application forms or circulars by postal
mail, call (202) 707-9100 or 1-877-476-0778 (toll free) and leave a recorded message.
By Regular Mail
Write to
Library of Congress
U.S. Copyright Office
Licensing Division
101 Independence Avenue, SE #6400
Washington, DC 20557-6400

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