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Federal Reserve Bank
of Dallas

HELEN E. HOLCOMB
DALLAS, TEXAS
75265-5906

FIRST VICE PRESIDENT AND
CHIEF OPERATING OFFICER

July 16, 2001
Notice 01-55

TO: All Fedwire Funds Transfer Service Customers
in the Eleventh Federal Reserve District

SUBJECT
Price Reduction to the
Tier 3 Online Fedwire Funds Transfer Fee
DETAILS
The Federal Reserve System is pleased to announce the first ever midyear price
reduction to the Fedwire funds transfer fees. On August 1, 2001, the Reserve Banks will reduce
the Tier 3 online transfer fee by one cent, from $.17 to $.16. This reduction is the result of continued aggressive management of service costs and demonstrates our responsiveness to the needs of
our customers in a demanding competitive environment.
Fedwire Funds Transfer Service Pricing Structure
Current Prices
Prices effective 8/1/01
Basic Transfer Fee
Online Originations/Received
Tier 1 (< 2,500 transfers/month)
Tier 2 (< 80,000 transfers/month)
Tier 3 (> 80,000 transfers/month)
Offline surcharge

$0.33
$0.24
$0.17
$15.00

$0.33
$0.24
$0.16
$15.00

Over the past five years, the System has achieved significant reductions in Fedwire
operating costs. These cost reductions have enabled us to lower the average online transfer fee
every year since 1996. Customers have benefited from cumulative price reductions of almost 60
percent during this period. The following chart illustrates the trend:

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012;
Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

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Funds Transfer System
Pricing History 1995-2001

$0.60
$0.50
$0.40
$0.30
$0.20
$0.10
$1995

1996

1997

1998

1999 *

2000 *

2001 *

$0.53

$0.50

$0.45

$0.40

$0.2554

$0.2223

$0.2205

*1999-2001 Reflects an average price of all tiers.
1999 – Tiered Pricing introduced in February 1999
2000 – Price reduction in all three tiers effective April 2000
2001 – An average of YTD May 2001

MORE INFORMATION
For additional information regarding the reduction of Fedwire funds transfer fees, visit
the Financial Services Internet site at www.frbservices.org or contact your Account Executive at
the Federal Reserve Bank of Dallas.
For additional copies of this Bank’s notice, contact the Public Affairs Department
at (214) 922-5254 or access District Notices on our web site at
http://www.dallasfed.org/banking/notices/index.html.
Sincerely,

“Fedwire” is a registered service mark of the Federal Reserve Banks.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102