Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services

[kreslik.news]

The Federal Reserve Board on Tuesday announced the approval of fee schedules, effective January 3, 2017, for payment services the Federal Reserve Banks provide to depository institutions (priced services).

The Reserve Banks project that they will recover 100 percent of their priced services costs in 2017. The Reserve Banks expect to fully recover actual and imputed expenses, including profit that would have been earned if a private business firm provided the services. Overall, the Reserve Banks estimate that the price changes will result in a 3.2 percent average price increase. The Reserve Banks estimate that the price changes will result ... (read more)