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F ederal R eserve Bank OF DALLAS W ILL IA M H. WALLACE FIRST V IC E PR ES ID EN T AND C H IE F O PER ATING O FFICER December 1, 1987 DALLAS, TEXAS 7 5 2 2 2 Circular 87-83 TO: The Chief Operations Officer of all financial institutions in the Eleventh Federal Reserve District SUBJECT 1988 fee schedules for financial services DETAILS The Federal Reserve Board of Governors has announced the 1988 fee schedules for services provided by the Reserve Banks. Many of the 1988 fees are the same as those currently imposed, however, there are some changes in fees for most of the services provided. The new fees become effective January 1, 1988. The fee schedules apply to check collection and automated clearinghouse services, transfer of funds and net settlement, definitive safekeeping and noncash collection services, and book-entry services for federal agency securities. Fee schedules for the check collection service are being distributed by separate circular letter; fee schedules for the remaining services are attached. The basic transaction fee for origination or receipt of transfers of funds has been lowered to 47 cents from 50 cents, and the basic net settlement entry fee has been lowered to $1.00 from $1.30. In ACH, the basic fee for interdistrict unsorted items has been reduced from 1.8 cents to 1.7 cents; the night cycle credit and debit surcharges have been reduced by 1 and 1.5 cents, respectively; and certain "nonautomated" manual handling fees have been increased. In addition, the definitive safekeeping fee structure has been simplified. There will be some price increases to incorporate the changes. The collection fees previously assessed on coupons detached from safekeeping have been eliminated, but will be incorporated into the definitive account maintenance fees. The monthly definitive account maintenance fee will be increased from $2.25 to $3.00 per receipt. The monthly par value assessment for safekeeping coupon bearing securities will be increased from 8/10 of a cent to 1 cent per $1,000 par value. For additional copies of any circu lar please c o n ta c t the Public A ffairs D ep artm en t a t (214) 6 5 1 -6 2 8 9 . B anks and others are encouraged to use the follow ing incom ing W A T S num bers in contacting this Bank (800) 4 4 2 -7 1 4 0 (intrastate) and (800) 5 2 7 -9 2 0 0 (interstate). This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2 Fees associated with noncash collection services have been reduced and simplified. The only two remaining collection fees are applicable to over-the-counter deposits. For noncash collections payable intradistrict, there is a fee of $3.50 per item. For noncash collections payable interdistrict, there is a fee of $4.00 per item. Fees for noncash return items will be increased from $10.00 to $15.00 per item. ATTACHMENTS The 1988 fee schedules for the Federal Reserve Bank of Dallas are attached. MORE INFORMATION For more information, please contact Dick Ingram at (214) 651-6212. Sincerely yours, - 3 AUTOMATED CLEARINGHOUSE FEE SCHEDULE Effective January 1, 1988 Debits and Credits Originated: Intradistrict basic fee Interdistrict basic fee Unsorted Presorted, consolidated Presorted, direct sent Per Item Per Addendum $ .010 $ .002 .017 .012 .010 .003 .002 .002 i Night cycle surcharges Next-day credits, automated notifications of change (NOCs) and prenotes Next-day debits .020 .045 Files deposited, per file 1.00 Tapes deposited, per tape 3.75 History database surcharge (CATIE or dedicated terminal option) 1.25 2 Paper item surcharge Paper return items and NOCs 3.75 Debits and Credits Received: Intradistrict basic fee .010 .002 Interdistrict basic fee .017 .003 Your message, per output file 3.75 Our courier, per file delivered 4.75 Telephone Advice: Up to 10 pieces of information Each additional piece of information 3.50 .050 ^There is no surcharge for night cycle two-day credits or for addenda originated, or for debits and credits received. ? When these items are deposited in paper form, the $3.75 per item surcharge is added to the appropriate basic fee. Return items, NOCs and prenotes deposited in automated form are billed at the appropriate basic fee, plus the appropriate night cycle surcharge if the item is deposited at night. - 4 TRANSFER OF FUNDS AND NET SETTLEMENT FEE SCHEDULES Effective January 1, 1988 TRANSFER OF FUNDS Fee Per Transfer Originated: Telephone Advice NO YES On!ine $ .47 $3.97 Offline 6.47 9.97 Fee Per Transfer Received: Standing Order of Telephone Advice NO YES .47 3.97 NET SETTLEMENT Basic fee per entry $ 1.00 Fee per settlement arrangement $8. 0 0 Telephone advice $3.50 - 5 DEFINITIVE SAFEKEEPING FEE SCHEDULE Effective January 1, 1988 Deposits (per transaction) $10.00 Reregistration fee (per transaction) $10.00 Withdrawals (per transaction) $10.00 Maintenance * Per receipt per month (1-400 receipts) (400+ receipts) Plus $0.01 per $1,000 par value applied to coupon bearing securities only $ 3.00 $ 2.00 Purchases and sales (per transaction) $26.50 Magnetic tape safekeeping holdings (per tape) $50.00 * Includes safekeeping coupon collection fees. NONCASH COLLECTION FEE SCHEDULE (Over-the-counter deposits only) Effective January 1, 1988 Coupons payable intradistrict (per envelope) $ 3.50 Coupons payable interdistrict (per envelope) $ 3.50 Return items $15.00 Bond redemption and sales* $20.00 ^Actual shipping costs additional. FEDERAL AGENCY BOOK-ENTRY SECURITIES FEE SCHEDULE Effective January 1, 1988 Transfers Originated Online Originated Offline Received Offline per transaction per transaction per transaction $ 2.25 $ 7.00 $ 7.00 Account Maintenance Per account Per issue per month per month $15.00 $ .45 The revised fee schedule applies to all federal agency book-entry securities. The Treasury's book-entry transfer fee, which is established by the Treasury Department, will remain unchanged. ELECTRONIC CONNECTION FEES FOR ACCESSING ONE OR MORE PRICED SERVICES Type of connection Direct line (CPU to CPU) $400 per month Dedicated line Single drop Multi-drop $400 per month $250 per month Dial-Up line $ 60 per month
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