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7/21/2020

Federal Reserve Board - Federal Reserve Board to maintain the current schedule of prices for most payment services that the Federal R…

Press Release
July 21, 2020

Federal Reserve Board to maintain the current schedule of prices for
most payment services that the Federal Reserve Banks provide to
depository institutions in 2021
For release at 10:00 a.m. EDT
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The Federal Reserve Board on Tuesday announced its intent to maintain the current schedule of prices for
most payment services that the Federal Reserve Banks provide to depository institutions (priced services) in
2021. This approach recognizes the uncertainties created by the COVID-19 pandemic, and the difficulty in
applying standard forecasting tools in this environment.
The Board normally communicates information about pricing schedules near the end of the year. The Board is
announcing its intent to keep most 2021 prices flat at this time in order to support the business planning of
users and providers of payment services.
Later in 2020, the Board will issue a Federal Register Notice of final fee schedules, effective January 2, 2021,
for payment services that the Federal Reserve Banks provide to depository institutions. The Board remains
committed to establishing fee schedules in accordance with the Monetary Control Act of 1980, which requires
that, over the long run, fees for Federal Reserve priced services be established to fully recover all direct and
indirect costs, including certain imputed costs that would be borne by private sector providers of payment
services.
For media inquiries, call 202-452-2955.

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Last Update: July 21, 2020

https://www.federalreserve.gov/newsevents/pressreleases/other20200721a.htm

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