To All Depository Institutions and Others Concerned
in the Second Federal Reserve District:
The Federal Reserve Board has approved fee schedules for Federal Reserve Bank payment services for depository institutions (priced services), effective January 3, 2006.
Detailed 2006 national fee schedules are now available at www.frbservices.org. In addition, local check fee schedules will be available in mid-November.
The Reserve Banks project that they will recover 102.5 percent of all their priced services costs in 2006 and estimate that they will recover 103.6 percent of these costs in 2005.
In addition, the Board approved the 2006 private-sector adjustment factor (PSAF) for Reserve Bank priced services of $117.7 million. The PSAF is an allowance for income taxes and other imputed expenses that would have to be paid and profits that would have to be earned if the Reserve Banks' priced services were provided by a private business.