The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Federal Reserve Bank of Dallas l l★K HELEN E. HOLCOMB DALLAS, TEXAS 75265-5906 FIRST VICE PRESIDENT AND CHIEF OPERATING OFFICER June 3, 2002 Notice 02-25 TO: The Chief Operating Officer of each financial institution and others concerned in the Eleventh Federal Reserve District SUBJECT Announcing 2003 FedLine䉸 for the Web Fees DETAILS The Federal Reserve System recently established fees for accessing financial services via FedLine for the Web. Although these fees will not take effect until January 1, 2003, we are announcing them now to help your institution budget for next year. In the meantime, you can sign up to use FedLine for the Web for the rest of 2002 at no cost. FedLine for the Web fees offer your institution flexibility and choice and reflect the emerging Internet industry practice of pricing for access or “subscription” rather than for the number of terminals or copies of application software. Customers who access only Treasury and/or cash services on FedLine for the Web will not incur these fees. The attached chart outlining FedLine for the Web fees is provided to help you estimate your cost for using these services in 2003. Below is an overview of the fees: One-time setup fee Subscription fees Institution-level fee Per subscriber fee $50 per subscriber (individual user) $25 per month $10 per month Institutions currently using Web services and others who sign up before July 1, 2002, will not be charged setup fees. If you sign up for Web services on or after July 1, 2002, we will delay the setup fee until January 1, 2003, so that your institution can try these new services at no cost. 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. -2Beginning January 1, 2003, new subscribers of FedLine for the Web will be charged setup fees at the time of enrollment, and all subscribers will incur monthly subscription fees. We are confident you will benefit from using FedLine for the Web services. However, if for any reason you choose to discontinue Web use before the end of 2002, you will not be charged. MORE INFORMATION The Federal Reserve currently offers accounting, billing, check, savings bonds, and cash services via the Web. You will receive more information regarding new services, such as FedACH娃 information, as they become available. To learn more about FedLine for the Web services, visit www.frbservices.org or contact your Business Development representative at the Federal Reserve Bank of Dallas. Paper copies of this notice or previous Federal Reserve Bank notices can be printed from our web site at http://www.dallasfed.org/banking/notices/index.html. Sincerely, “FedLine” is a registered trademark of the Federal Reserve Banks. “FedACH” is a service mark of the Federal Reserve Banks. 2003 FedLine for the Web Fees One-Time Setup Fee Description Setup Fee One-time setup fee charged for each individual end user (subscriber) with access to FedLine for the Web. Fee is assessed when subscriber gets access to first priced service. Fee Level $50 per subscriber Exceptions / Notes Charged to all subscribers (nontransferable) except those using ONLY Treasury and/or cash services. Monthly Subscription Fees Description Monthly Institution Fee Charged to a financial institution with one or more subscribers accessing services other than Treasury or cash services. Monthly Fee Per Subscriber Charged per subscriber. Flat fee provides access to all services for which a subscriber is authorized. Fee Level Exceptions / Notes $25 per institution Multiple monthly institution fees may be charged in certain circumstances. Financial institutions that want multiple End User Authorization Contacts should contact their Business Development representative. $10 per subscriber Charged to all subscribers except those who access Treasury and/or cash services only. “FedLine” is a registered trademark of the Federal Reserve Banks.
@FedFRASER