Circular
2010 Fee Schedule for Federal Reserve Bank Priced Services
November 3, 2009
Circular No. 12151

The Federal Reserve Board has announced the approval of fee schedules for payment services the Federal Reserve Banks provide to depository institutions (priced services), effective January 4, 2010.

The Reserve Banks project that they will recover 96.8 percent of their priced services costs in 2010. The Reserve Banks expect to recover all of their actual and imputed expenses, and earn a small profit that is below their targeted return on equity.

Because an increasing proportion of checks collected through the Reserve Banks will be presented electronically, the effective fees paid to collect checks using the Reserve Banks' Check 21 services are expected to decline, on average, 23 percent. The average fee paid by depository institutions to return a check electronically will rise 7 percent. In addition, the fees for the Reserve Banks' FedACH® service, Fedwire® Funds and National Settlement Services, and Fedwire® Securities Service will increase approximately 14 percent.

Fee schedules for all priced services are available on the Federal Reserve Banks' Financial Services website.

In addition, the Board approved the 2010 private-sector adjustment factor (PSAF) for Reserve Bank priced services of $50.2 million.

See the press release for full details.

Press release offsite
Federal Reserve Financial Services offsite