Full text of Federal Reserve Bank of New York Circulars : 10098. Check Services

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FEDERAL RESERVE BAWIC
OF WEW YORK

[

Circular No. 1 0 ,0 9 8 1
October 31, 1986

CHECK SERVICES
New Price Schedules, Effective January 1, 1987
To All Depository Institutions, and Others Concerned,
in the Second Federal Reserve District:

Effective January 1, 1987, new price schedules for check services w ill be implemented at all Federal Reserve
Banks. Information about deposit deadlines, credit availability, and the new prices for the check collection and payor
bank services offered at each of the five offices in the Second District is provided in the enclosure, C h e c k S e r v ic e s :
C o l l e c t i o n a n d P r i c e S c h e d u le s f o r I n - Z o n e D e p o s i t o r s .

We are pleased to announce that there w ill be no price increases in this District. We would like to highlight the
changes that w ill take effect in this District with the implementation of the new price schedules:
© At the Head Office, the per-item fee for the package sort processing payor bank service w ill be reduced from
2.50 to 2.30.
© At the Buffalo Branch and the RCPCs, the per-item fee for the package sort processing payor bank service
w ill be reduced from 1.40 to 1.20.
Also, we recently introduced a 10:00 a.m. Other Fed (Saturday) deadline at the Buffalo Branch.
Please refer to the enclosed schedule for further details. If you have any questions, we encourage you to contact
your Account Manager or one of the following Check officers at your local Federal Reserve office:
Account Managers:
Head Office (212) 720-6600
Buffalo Branch (716) 849-5108 or 5085

Cranford Office:
Fred A. Denesevich,
Regional Manager (201) 272-9000

New York Head Office:
Steven J. Garofalo,
Assistant Vice President (212) 720-5997

Jericho Office:
Anthony N. Sagliano,
Regional Manager (516) 997-4028

Buffalo Branch:
David P. Schwarzmueller,
Operations Officer (716) 849-5018

Utica Office:
Harry A. Curth, Jr.,
Regional Manager (315) 736-8321

E. G erald C o r r ig a n ,
P r e s id e n t .

F ed eral Reserve B an k of N ew Y ork

SC H ED U LE I

CHECK SERV ICES
Collection an d P ric e Schedules
for In-Zone D epositors

Effective January 1, 1987

NEW YORK HEAD OFFICE
CHECK COLLECTION SERVICE AND PRICE SCHEDULE
0N-ZOWE DEPOSITORS

Product

Routing Symbol

Per Item Charge1

Availability

Cut-Off Time

City
Unsorted Regular

0210,0260,

3.50

Immediate

7:00 a.m.

5.00

Immediate

8:30 a.m.

0210

2.50

Immediate

8:30 a.m.

0210,0280,

1.003

Immediate

9:30 a.m.

3.80

1 Business Day

0280,2260
Unsorted Premium

0210,0260,
0280,2260

Group

Fine Sort2

0260,2260

Country

0211,0215,

12:00 noon

0216,2211,
2215,2216

Other Feds
Unsorted

6.80

Computed4

2/

6.20

1 Business Day

10:30 p.m.

2/

6.00

1 Business Day

11:30 p.m.

In-Zone

3.50

Computed4

9:00 p.m.

In-District

3.80

Computed4

9:00 p.m.

Other Feds

6.80

Computed4

9:00 p.m.

In-Zone

3.50

Computed4

12:01 a.m.

In-District

3.80

Computed4

12:01 a.m.

Other Feds

6.80

Computed4

12:01 a.m.

0210,0260,

25.00

1 Business Day

8:30 a.m.

0211,0215,
0216,2211,
2215,2216

25.00

2 Business Days

8:30 a.m.

Other Feds

All

30.00

Computed4

8:30 a.m.

Non-Standard

All

$1.50

2 Business Days

8:30 a.m.

Group A
Group B

All

9:00 p.m.

Mixed Cash Letter2
Early

Regular

Non-machineable
City

0280,2260
Country

Unencoded Mixed
Cash Letter

In-Zone
In-District
Other Feds

Super High Dollar
Group Sort

2/

8.00
8.30

Computed4

7:00 p.m.

Computed4

7:00 p.m.

11.30

Computed4

7:00 p.m.

19.505

Immediate

1:00 a.m.

"A cash letter fee of 50.0C applies to all intradistrict cash letters except fine sort and Super High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $5.00 applies to fine sort packages.
"Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
5A cash letter fee of $30.00 applies to Super High Dollar Group Sort cash letters.

BUFFALO BRANCH
CHECK CO LLEC TIO N SERVICE AND PRICE SCHEDULE
IN-ZONE DEPOSITORS

Product

Routing Symbol

Per Item Charge1

A vailability

2 .3 0

Im m e d ia te

8 :1 5 a .m .

C ut-O ff Time

C it y

U n s o r te d R e g u la r

0 2 2 0 ,2 2 2 0

BCFC

U n s o r te d R e g u la r

0 2 2 3 ,2 2 2 3

2 .5 0

Im m e d ia te

12:01 a .m .

U n s o r te d P r e m iu m

0 2 2 3 ,2 2 2 3

4 .8 0

Im m e d ia te

3 :1 5 a .m .

C it y

0 2 2 0 ,2 2 2 0

1 .1 0 3

Im m e d ia te

9 :3 0 a .m .

RCPC

0 2 2 3 ,2 2 2 3

1 .1 0 3

Im m e d ia te

4 :0 0 a .m .

A ll

5 .6 0

C o m p u te d 4

Fine Sort2

O th e r F eds

1 0 :0 0 a .m .
T u e s d a y -T h u rs d a y
4 :0 0 p .m . S a tu r d a y

Spitted C a s h L e t t e r 2
R e g u la r

P re m iu m

In - Z o n e (R C P C )

2 .5 0

C o m p u te d 4

12:01 a .m .

I n - Z o n e ( C it y )

2 .3 0

C o m p u te d 4

12:01 a .m .

I n - D is t r ic t

2 .9 0

C o m p u te d 4

12:01 a .m .

O th e r F eds

5 .6 0

C o m p u te d 4

12:01 a .m .

I n - Z o n e (R C P C )

4 .8 0

C o m p u te d 4

2 :0 0 a .m .

I n - Z o n e ( C it y )

2 .3 0

C o m p u te d 4

2 :0 0 a .m .

I n - D is t r ic t

2 .9 0

C o m p u te d 4

2 :0 0 a .m .

O th e r F eds

5 .6 0

C o m p u te d 4

2 :0 0 a .m .

N o n -m a c h in e a b S e
C it y

0 2 2 0 ,2 2 2 0

2 0 .0 0

1 B u s in e s s D a y

8 :3 0 a .m .

1 B u s in e s s D a y

8 :3 0 a .m .

RCPC

0 2 2 3 ,2 2 2 3

2 0 .0 0

O th e r Feds

A ll

2 5 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

N o n - S ta n d a r d

A ll

$ 1 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

U n e n c o d e d IMitced
C a s h L e tt e r

In - Z o n e

6 .5 0

C o m p u te d 4

12:01 a .m .

I n - D is t r ic t

6 .9 0

C o m p u te d 4

12:01 a .m .

O th e r - F e d s

9 .6 0

C o m p u te d 4

12:01 a .m .

High Dollar
Group Sort

V

1 4 .0 0 5

Im m e d ia te

8 :3 0 a .m .

1A cash letter fee of 50.0<f applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
“Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
5A cash letter fee of $3.75 applies to High Dollar Group Sort cash letters.

'5-

JERICHO OFFICE
CHECtC COLLECTION SERVICE A H D PRICE SCHEDULE
SM=ZOWE DEPOSITORS
Product

Routing Symbol

Per Item Charge'

Availability

C ut-O ff Tim e

0214,0219,
0280,2214,

2.6d

Immediate

12:01 a.m.

4.80

Immediate

2:30 a.m.

HCPC
Unsorted Regular

2219
Unsorted Premium

0214,0219,
0280,2214,
2219

Group

2/

2.00

Immediate

12:01 a.m.

Premium Group

2/

3.00

Immediate

3:00 a.m.

1.103

Immediate

4:00 a.m.

5.20

Computed4

12:01 a.m.

2/

5.10

2/

4.50

1 Business Day
Immediate

12:01 a.m.

Fine Sort2

0214,0219,
0280,2214,
2219

Other Feds4 8,5
Unsorted Regular
Group A
Group B
HVlixed! Cash Letter2
Early5

All

In-Zone

2.60

In-District

2.90
5.20

Other Feds
Regular5

In-Zone
In-District
Other Feds

Non-machineahle
Standard

Non-Standard
Unerscoded Mixed
Cash Letter

0214,0219,
0280,2214,
2219
All
In-Zone

2.60
2.90
5.20

10:00 p.m.

Computed4
Computed4

9:00 p.m.
9:00 p.m.

Computed4

9:00 p.m.

Computed4

12:01 a.m.

Computed4
Computed4

12:01 a.m.
12:01 a.m.

20.00

1 Business Day

8:30 a.m.

$1.00

2 Business Days

8:30 a.m.

6.60
6.90

Computed4

9:00 p.m.

In-District

Computed4

Other Feds

9.20

Computed4

9:00 p.m.
9:00 p.m.

2/

10.00®

Immediate

8:30 a.m.

High Doiiar
Group Sort

1A cash letter fee of 50.00 applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
‘•Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
5On Friday nights and Saturday mornings, there is one consolidated cut-off time of 1:00 a.m.
6A cash letter fee of $8.50 also applies to High Dollar Group Sort cash letters.

-3-

CRANFORD OFFICE
CHECK COLLECTION SERVICE AND [PRICE SCHEDULE
IN-ZONE DEPOSITORS

Product

Routing Symbol

Availability

Cut-Off Time

2 .6 $

Im m e d ia te

12:01 a .m .

4 .8 $

Im m e d ia te

2 :3 0 a .m .

Per Item Charge'

UCPC
U n s o r te d R e g u la r

0 2 1 2 ,0 2 7 0 ,
2212

U n s o r te d P r e m iu m

0 2 1 2 ,0 2 7 0 ,
2212

G ro u p

2/

2 .0 $

Im m e d ia te

12:01 a .m .

P re m iu m G r o u p

2/

3 .0 $

Im m e d ia te

3 :0 0 a .m .

1 .1 $ 3

Im m e d ia te

4 :0 0 a .m .

F in e S o r t2

0 2 1 2 ,0 2 7 0 ,
2212

O th e r F eds
U n s o r te d R e g u la r

A ll

5 .2 $

C o m p u te d 4

12:01 a .m .

U n s o r te d P r e m iu m

A ll

5 .7 $

C o m p u te d 4

1 0 :0 0 p .m .

U n s o r te d W e e k e n d

A ll

5 .0 $

C o m p u te d 4

7 :0 0 p .m . S a tu r d a y

G ro u p A

2/

5 .2 $

C o m p u te d 4

1 0 :3 0 p .m .

G ro u p B

2/

4 .4 $

C o m p u te d 4

12:01 a .m .

G ro u p D

2/

5 .5 $

C o m p u te d 4

12:01 a .m .

In - Z o n e

2 .6 $

C o m p u te d 4

1 0 :0 0 p .m .

I n - D is t r ic t

2 .9 $

C o m p u te d 4

1 0 :0 0 p .m .

O th e r F eds

5 .2 $

C o m p u te d 4

1 0 :0 0 p .m .

In - Z o n e

2 .6 $

C o m p u te d 4

12:01 a .m .

I n - D is t r ic t

2 .9 $

C o m p u te d 4

12:01 a .m .

O th e r F eds

5 .2 $

C o m p u te d 4

12:01 a .m .

M in e d C a s h L e tt e r 2
E a rly

R e g u la r

INon-machineable
S ta n d a r d

0 2 1 2 ,0 2 7 0 ,

2 0 .0 $

1 B u s in e s s D a y

8 :3 0 a .m .

$ 1 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

2212
N o n - S ta n d a r d

A ll

U n e n c o d e d M ix e d
C a s h L e tt e r

In - Z o n e

6 .6 $

C o m p u te d 4

7 :0 0 p .m .

I n - D is t r ic t

6 .9 $

C o m p u te d 4

7 :0 0 p .m .

O th e r F eds

9 .2 $

C o m p u te d 4

7 :0 0 p .m .

Im m e d ia te

8 :3 0 a .m .

H ig h D o lla r
G ro u p S o rt

2/

1 0 .0 $ 5

1A cash letter fee of 50.0$ applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
4Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
5A cash letter fee of $9.50 applies to High Dollar Group Sort cash letters.

-4-

U TIC A OFFICE
CHECIC COLLECTION SERVICE AND PRICE SCHEDULE
1W-ZOME DEPOSITORS

Product

C it y

Routing Symbol

0 2 1 0 ,0 2 6 0 ,

Per Item Charge1

Availability

Cut-Off Time

2 .9 0

Im m e d ia te

12:01 a .m .

Im m e d ia te

12:01 a .m .

0 2 8 0 ,2 2 6 0
RCPC
U n s o r te d R e g u la r

0 2 1 3 ,2 2 1 3

2 .5 0

U n s o r te d P r e m iu m

0 2 1 3 ,2 2 1 3

4 .8 0

Im m e d ia te

2 :4 5 a .m .

G ro u p

V

2 .0 0

Im m e d ia te

12:01 a .m .

P r e m iu m G r o u p

V

3 .0 0

Im m e d ia te

3 :0 0 a .m .

1 .1 0 3

Im m e d ia te

4 :0 0 a .m .

F in e S o r t 2

0 2 1 3 ,2 2 1 3

O th e r F e d s 4
U n s o r te d R e g u la r

A ll

5 .2 0

C o m p u te d 5

G ro u p A

V

5 .1 0

1 B u s in e s s D a y

G ro u p B 6

2/

4 .5 0

Im m e d ia te

In - Z o n e

2 .5 0

C o m p u te d 5

I n - D is t r ic t

2 .9 0

C o m p u te d 5

8 :0 0 p .m .

O th e r F eds

5 .2 0

C o m p u te d 5

8 :0 0 p .m .

12:01 a .m .
9 :0 0 p .m .
12:01 a .m .

IM feed C a s h L e t t e r 2
E a rly

R e g u la r

P r e m iu m

8 :0 0 p .m .

In - Z o n e

2 .5 0

C o m p u te d 5

12:01 a .m .

I n - D is t r ic t

2 .9 0

C o m p u te d 5

12:01 a .m .

O th e r F eds

5 .2 0

C o m p u te d 5

12:01 a .m .

In - Z o n e

4 .8 0

C o m p u te d 5

1 :3 0 a .m .

I n - D is t r ic t

2 .9 0

C o m p u te d 5

1 :30 a .m .

O th e r F eds

5 .2 0

C o m p u te d 5

1 :3 0 a .m .

N o n - m a c h in e a b le
S ta n d a r d

0 2 1 3 ,2 2 1 3

2 0 .0 0

1 B u s in e s s D a y

8 :3 0 a .m .

N o n - S ta n d a r d

A ll

$ 1 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

8 :0 0 p .m .

U n e n c o d e d M ix e d
C a s h L e tt e r

In - Z o n e

6 .5 0

C o m p u te d 5

I n - D is t r ic t

6 .9 0

C o m p u te d 5

8 :0 0 p .m .

O th e r F eds

9 .2 0

C o m p u te d 5

8 :0 0 p .m .

Im m e d ia te

8 :3 0 a .m .

H ig h D o lla r
G ro u p S o rt

y

1 4 .0 0 7

1A cash letter fee of 50.0$ applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
4On Friday nights and Saturday mornings, there is one consolidated cut-off time of 1:00 a.m.
Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
6Credit availability will be one business day for items deposited by 1:00 a.m. Saturday except for those drawn on country endpoints.
7A cash letter fee of $16.50 applies to High Dollar Group Sort cash letters.

-5-

PAY©R B A * SERVICES PRICE SCHEDULE
HEAD OFFICE

S e r v ic e L e v e l

S e rv ic e T y p e

Basic’

Enhanced2

Magnetic Tape
Minimum Daily Fee
Additional Charges

$40 up to 50 totals
$.10 per total above 50

$49.50 up to 50 totals
$.10 per total above 50;
plus a $.04 surcharge per
low speed item handled4

Electronic Transmission
Minimum Daily Fee
Additional Charges

$50 up to 50 totals
$.25 per total above 50

$59.50 up to 50 totals
$.25 per total above 50;
plus a $.04 surcharge per
low speed item handled4

$28
$1 per total above 28
totals

$37.50
$1 per total above 28 totals;
plus a $.04 surcharge per
low speed item handled4

$25
$.001 per item above
25,000

$34.50
$.001 per item above 25,000;
plus a $.04 surcharge per
low speed item handled4

$50
$.005 per item above 5,000
plus telephone line
charges

$59.50
$.005 per total above 5,000
plus telephone line charges;
plus a $.04 surcharge per
low speed item handled4

$150
$150 for an additional
high speed outsort pocket3
$.001 per item above
25,000

$159.50
$150 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$.023 per item

$.023 per item

A c c o u n t T o t a l S e rv ic e

1)

2)

3)

Facsimile, Telephone
or Flardcopy
Minimum Daily Fee
Additional Charges

M IC R L in e C a p tu r e S e rv ic e

1)

2)

Magnetic Tape
Minimum Daily Fee
Additional Charges

Electronic Transmission
Minimum Daily Fee
Additional Charges

A c c o u n t L e v e l S o r t in g S e rv ic e

Minimum Daily Fee
Additional Charges

P a c k a g e S o r t P r o c e s s in g S e rv ic e

Minimum Daily Fee
L a r g e D o lla r R e je c t Stem N o t if ic a t io n

Minimum Daily Fee

1/
2/
3/
4/

$1 per item for telephone
or facsimile advice of reject
items $50,000 and over

High Speed data capture only.
Both high and low speed data capture, items processed on low speed equipment are sorted into two cash letters, one
containing specified accounts and the other containing all other items. No additional charge is made for this separation.
Subject to a maximum of two additional outsort pockets.
Per item surcharge applies to those low-speed items within a specified account number range and all out-of-range items for
which the low-speed operator keys the account number.

-6-

PATOR BANK SERVICES PES^ICE SCHEDULE
BUFFALO BPAMCM AMD POPC©

Seirwiee Type
Account Total Service
1) Magnetic Tape
Minimum Daily Fee
Additional Charges

2)

3)

Electronic Transmission
Minimum Daily Fee
Additional Charges

Facsimile, Telephone
or Hardcopy
Minimum Daily Fee
Additional Charges

[M3I1CR Line Capture Sereie®
1)
Magnetic Tape
Minimum Daily Fee
Additional Charges

2)

Electronic Transmission
Minimum Daily Fee
Additional Charges

Account Level Sorting Service
Buffalo and Utica
Minimum Daily Fee
Additional Charges

Cranford
Minimum Daily Fee
Additional Charges

Jericho
Minimum Daily Fee
Additional Charges

Package Sort Processing Service
Minimum Daily Fee
Large D ollar Reject Item N otification
Minimum Daily Fee

'/
2/
3/
V

Service Lews!
Basic1

Enhanced*2

$40 up to 50 totals
$.10 per total above 50

$49 up to 50 totals
$.10 per total above 50;
plus a $.03 surcharge per
low speed item handled4

$50 up to 50 totals
$.25 per total above 50

$59 up to 50 totals
$.25 per total above 50;
plus a $.03 surcharge per
low speed item handled4

$28
$1 per total above 28
totals

$37
$1.00 per total above 28
totals; plus a $.03 surcharge
per low speed item handled4

$25
$.001 per item above
25,000

$34
$.001 per item above 25,000;
plus a $.03 surcharge per
low speed item handled4

$50
$.005 per item above
5,000 plus telephone
line charges

$59
$.005 per item above 5,000;
plus telephone line charges;
plus a $.03 surcharge per low
speed item handled4

$25
$25 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$34
$25 for an additional high
speed outsort pocket;3
$.001 per item above 25,000

$75
$75 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$84
$75 for an additional high
speed outsort pocket;3
$.001 per item above 25,000

$50
$50 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$59
$50 for an additional high
speed outsort pocket;3
$.001 per item above 25,000

$.012 per item

$.012 per item

$1 per item for telephone
or facsimile advice of reject
items $50,000 and over

High Speed data capture only.
Both high and low speed data capture. Items processed on low speed equipment are sorted into two cash letters, one
containing specified accounts and the other containing all other items. No additional charge is made for this separation.
Subject to a maximum of two additional outsort pockets.
Per item surcharge applies to those low-speed items within a specified account number range and all out-of-range items for
which the low-speed operator keys the account number.

-7-

FED C O N TAC TS FOR CHECK SEH¥1CES

Bank Services Office
Mead Office
Howard Crumb, Senior Bank Services Officer

(212) 720-6812

Bruce Cassella, Bank Services Officer

-6070

Michele Godfrey, Bank Services Officer

-6146

Account Managers
Al Bevacqua

-6603

Ron Cook

-6823

Melissa Geiger

-6602

Kathy Hollings

-6601

Rocco Magnotta

-6825

Chuck Mineer

-8045

Customer Relations Representative
Gail Donovan

-1913

Wesley Richards

-6600

Buffalo Branch
Bob McDonnell, Operations Officer

(716) 849-5022

Account Managers
Sally Hardenburg

-5108

Joe Kirby

-5085

C heck Processing
Head Office
Steve Garofalo, Assistant Vice President

(212) 720-5997

Buffalo Branch
David Schwarzmueller, Operations Officer

(716) 849-5018

Cranford Office
Fred Denesevich, Regional Manager

(201) 272-9000

Jericho Office
Tony Sagliano, Regional Manager

(516) 997-4028

Utica Office
Harry Curth, Regional Manager
Angus Kennedy, Regional Manager*
‘ Effective January 1987

(315) 736-8321

FEDERAL RESERVE BANK
OF NEW YORK

November 6, 1986

To Direct Sending and Consolidated Shipping Institutions
in the Second Federal Reserve District:

Effective January 1, 19871 new price schedules for check services will be
implemented at all Federal Reserve Banks. We have enclosed the following
schedules, which contain the new Second District check service prices, the new prices
at the other Federal Reserve offices, and updated information regarding Systemwide
deposit deadlines:
I. Check Services: Collection and Price Schedules fo r In-Zone Depositors.
This schedule provides inform ation about deposit deadlines,
credit availabilities, and new prices for the check collection and payor
bank services offered at each of the five offices in the Second District.
II.

F e d e r a l R eserve S ystem : S u m m a r y o f Check S e rv ic e s, D e p o s it
Deadlines, and Price Schedules .

This schedule lists the check service prices and deposit deadlines at
each Federal Reserve office throughout the country.
Schedules containing the new deposit deadlines, credit availability, and prices
for consolidated shipments from this Bank to other Federal Reserve offices are being
mailed to you under separate cover.
In this District, we are pleased to announce that there will be no price increases.
We would like to highlight the changes that will take effect in this District with the
implementation of the new price schedules:
o At the Head Office, the per-item fee for the package sort processing payor bank
service will be reduced from 2.5$ to 2.3$.
© At the Buffalo Branch and the RCPCs, the per-item fee for the package sort
processing payor bank service will be reduced from 1.4$ to 1.2$.
Also, we recently introduced a 10:00 a.m. Other Fed (Saturday) deadline at the
Buffalo Branch.

(Over)

If you have any questions, we encourage you to contact your Account Manager or
one of the following Check officers at your local Federal Reserve office:
Account Managers:
Head Office (212) 720-6600
Buffalo Branch (716) 849-5108 or 5085
New York Head Office:
Steven J. Garofalo, Assistant Vice President (212) 720-5997
Buffalo Branch:
David P. Schwarzmueller, Operations Officer (716) 849-5018
Cranford Office:
Fred A. Denesevieh, Regional Manager (201) 272-9000
Jericho Office:
Anthony N. Sagliano, Regional Manager (516) 997-4028
Utica Office:
Harry A. Curth, Jr., Regional Manager* (315) 736-8321
Angus J. Kennedy, Regional Manager (315) 736-8321

E.

G e r a l d C o r r ig a n ,

President.

E ffectiv e Jan uary 1987, Mr. Curth w ill retire.

SCHEDULE II

FEDERAL RESERVE SYSTEM

SUMMARY OF CHECK SERV ICES, D EPO SIT DEADLINES AND PR IC E SCHEDULES

Effective January 1,1987

P rep ared bys

F ed eral R eserve B ank of New Y ork

FEDERAL RESERVE SYSTEM
CHECK COLLECTION SERVICE AND FEE SCHEDULE
CONSOLIDATED SHIPMENT AND DIRECT SEND INTERTERRITORY DEPOSITS
EFFECTIVE JANUARY 1,1987
C ITY

Unsorted
OFFICE
BOSTON:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2
NWNE (Boston):
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2
Lewiston:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2
Windsor Locks:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2
NEW YOESC:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2
Buffalo:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2
Jericho:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2

Group Sort3

EC PC
Fine
Sort

Unsorted

Group Sort3

Fine Sort

Unsorted

Group
Sort3

Fine Sort

Regular Premium Regular Premium Regular Regular Premium Regular Premium Regular Premium Regular Premium Regular Regular Premium HDCS4

2.25
1.7
0700

2.25
3.0
0830

3.25
0.7
0830

2.25
2.3
0001

2.25
3.5
0245

2.25
2.9
0300

2.00
3.5
0700

2.00
5.0
0830

2.00
2.3
0815

2.00
2.5
0830

2.25
1.9
0030

2.25
2.3
0200

2.25
1.5
0030

2.25
2.3
0001

2.25
3.5
0245

2.25
2.9
0300

22.25
5.5
0830

2.25
16.0
0830

3.25
0.9
0400

7.25
6.0
0830

2.25
16.0
0830

5.25
14.0
0830

2.00
20.05
0830

2.00
3.0
0300

4.50
1.1
0400

10.00
10.0
0830

2.00
20.05
0830

2.00
2.0
0001

2.00
3.0
0300

4.50
1.1
0400

11.00
10.0
0830

2.00
20.05
0830

2.00
4.8
0245

2.00
2.0
0001

2.00
3.0
0300

4.50
1.1
0400

18.00
14.0
0830

2.00
20.05
0830

2.75
3.6
0230

2.75
2.4
0300/
050Q6

3.50
1.1
0330/
05306

9.75
12.0
0830

2.75
19.0
0830

2.00
4.8
0230

2.00
2.0
0001

Cranford:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2

2.00
2.6
0001

2.00
4.8
0230

Utica:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2

2.00
2.5
0001
2.75
2.4
0030

3.50
0.7
0830

2.00
25.05
0830

4.50
1.1
0400

2.00
2.6
0001

2.75
2.0
0830

2.25
16.0
0830

2.00
0.6
0400

2.00
3.8
1200
2.00
4.8
0315

2.75
1.7
0700

2.25
1.7
0300

NonMachineable

2.25
16.0
0830

3.25
0.9
0300

5.00
1.0
0930
4.50
1.1
0930

11.25
6.0
0830

3.25
0.9
0500

2.25
2.3
0001

2.00
2.5
0001

P H IL A D E L P H IA :
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2

COUNTRY

1

2
FEDERAL RESERVE SYSTEM
CHECK COLLECTION SERVICE AND FEE SCHEDULE
CONSOLIDATED SHIPMENT AND DIRECT SEND INTERTERRITORY DEPOSITS
EFFECTIVE JANUARY 1,1987
C ITY

Unsorted
OFFICE

Group Sort3

COUNTKY

EC PC
Fine
Sort

Unsorted

Group Sort3

Fine Sort

Unsorted

Group
Sort3

Fine Sort

NonMachameabl®

Regular Premium Regular Premium Regular Regular Premium Regular Premium Regular Premium Regular Premium Regular Regular Premium

C LEVELAND :
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2

3.50
1.7
0930?

3.50
2.5
1030

3.00
0.8
1030

3.50
2.2
0001

3.50
4.5
0130

Cincinnati:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

3.50
1.7
08307

3.50
2.5
0930

3.00
0.8
0930

3.50
2.2
0001

3.50
4.5
0245

Pittsburgh:
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2

3.50
1.7
08307

3.50
2.5
0930

3.00
0.8
0930

3.50
2.2
0001

3.00
0.8
0900

3.00
1.0
0200/
0300®

7.00
10.0
0830

3.50
16.0
1030

3.00
1.0
0315

11.50
10.0
0830

3.50
16.0
0930

3.50
4.5
0330

3.00
1.0
0400

9.00
10.0
0830

3.50
16.0
0930

3.50
2.2
0001

3.50
4.5
0230

3.00
1.0
0230

9.00
10.0
0800

3.50
16.0
0745

3.00
0.9
0900

2.25
2.2
0001

2.25
4.4
0245

2.25
1.8
0100

2.25
2.7
0245

3.00
1.2
0330/
0400®

22.50
11.0
0815

2.25
10.0
1600

2.50
1.1
0830

2.75
2.3
0001

2.75
4.4
0315

2.75
1.9
0100

2.75
2.7
0315

2.50
1.1
0315/
Q5Q09

1S.75
8.0
0830

2.75
10.0
0830

2.00
0.9

15.00
10.0
0800

2.25
10.0
0900

9.00
10.0
0900

2.50
10.0
1600

2.25
1.7
0900

Baltimore:
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2

2.75
1.8
0700

Charlotte:
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2

2.75
1.7
0900

2.00
0.9
0900

2.25
2.1
0001

2.25
4.8
0245

2.25
1.8
0100

2.25
2.8
0245

Columbia:
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2

2.50
1.8
0900

2.25
1.0
0900

2.50
2.1
0001

2.50
4.4
0245

2.50
1.8
0100

2.50
2.8
0245

2.25
1.0
0330

Charleston:
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2

3.00
1.9
0900

3.00
1.1
0900

3.00
2.2
0001

3.00
4.4
0230

3.00
1.8
0100

3.00
2.8
0230

3.00
1.1
0300

3.50
1.7
07457

2.75
2.4
0830

o o
© co
©00 ©

Columbus:
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2
RICHMOND:
Cash Letter Fee/?)1
Item Fee (cents/item)
Deposit Deadline2

3.00
10.0
0900

FEDERAL RESERVE SYSTEM
CHECK COLLECTION SERVICE AND FEE SCHEDULE
CONSOLIDATED SHIPMENT AND DIRECT SEND INTERTERRITORY DEPOSITS
EFFECTIVE JANUARY 1,18)87
C ITY

Unsorted

OFFICE

Group Sort3

COUNTRY

RCPC
Fine
Sort

Unsorted

Group Sort3

Fine Sort

Unsorted

Group
Sort3

Fine Sort

NonMachineable
Regular Premium Regular Premium Regular Regular Premium Regular Premium Regular Premium Regular Premium Regular Regular Premium HBGS4

ATLANTA:
Cash Letter Fee(fi)1
Item Fee (centa/item)
Deposit Deadline2

2.00
1.3
0900

2.00
0.9
0930

2.00
1.9
0001

3.50
3.1
0130

2.00
1.8
2200

2.00
1.2
0300

5.00
10.0
0800*

2.00
13.0
0900

Birmingham:
Cash Letter F eel!)1
Item Fee (centa/item)
Deposit Deadline2

2.00
1.3
0900

2.00
0.8
0900

2.00
1.9
0001

4.00
3.5
0130

2.00
1.5
000110

2.00
1.0
0200

5.00
10.0
0900

2.00
13.0
0900

Jacksonville:
Cash Letter F eel!)1
Item Fee (centa/item)
Deposit Deadline2

2.00
1.2
0900

2.00
0.7
1000

2.00
1.9
0001

4.50
3.7
0230

2.00
1.5
0001

2.00
1.1
0400

27.00
10.0
0800

2.00
13.0
0900

Nashville:
Cash Letter Fee(^)1
Item Fee (centa/item)
Deposit Deadline2

2.00
i.5
0900

2.00
0.9
1000

2.00
2.1
0001

3.50
3.6
0130

2.00
1.2
0200

27.00
10.0
0900

2.00
13.0
0900

N ew Orleans:
Cash Letter Feel^)1
Item Fee (centa/item)
Deposit Deadline2

1.75
1.2
0900

2.00
0.8
0900

1.75
2.0
0001

4.25
3.6
0215

1.75
1.5
2100

2.00
1.2
0300

Miami:
Cash Letter Fee(§)1
Item Fee (centa/item)
Deposit Deadline2

2.00
1.2
0600

2.00
0.7
0830

2.00
1.9
0001

3.00
3.0
0300

2.00
1.0
000111

2.00
1.2
0330

3.50
2.1
1000

3.00
2.6
0830

3

1.75
11.0
0900

25.00
8.0
0830*

2.00
13.0
0830

4

FEDERAL RESERVE SYSTEM
CHECK COLLECTION SERVICE AND FEE SCHEDULE
CONSOLIDATED SHIPMENT AND DIRECT SEND INTERTERRITORY DEPOSITS
EFFECTIVE JANUARY 1,1987
C ITY

Unsorted
OFFICE

Group Sort3

ECPC
Fine
Sort

Unsorted

Group Sort3

COUNTKY

Fine Sort

Unsorted

Group
Sort3

Fine Sort

NonMachineable

Regular Premium Regular Premium Regular Regular Premium Regular Premium Regular Premium Regular Premium Regular Regular Premium

CHICAGO:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.00
2.3
0630

Detroit:
Cash Letter Fee(iJ)1
Item Fee (cents/item)
Deposit Deadline2

3.75
0.9
0730/
093012

2.00
3.4
0001

2.00
4.1
0100

2.00
3.4
0200

2.50
1.7
0900

2.75
0-.7
0900

2.50
2.2
0001

3.00
4.0
0215

2.50
2.0
0100

Des Moines:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.00
1.6
0800

2.50
0.9
0830

2.00
2.4
0001

2.00
4.5
0230

2.50
1.0
0315

Indianapolis:
Cash Letter Fee($)L
Item Fee (cents/item)
Deposit Deadline2

2.00
1.5
0900

2.50
0.8
1000

2.00
1.8
0001

2.00
3.7
0315

2.50
1.0
0400

7.00
10.0
0900

2.00
10.0
0900

Milwaukee:
Cash Letter Fee($)1
Item Fee. (cents/item)
Deposit Deadline2

2.00
2.0
0915

2.50
0.8
0945

2.00
2.1
0100

2.00
3.6
0215

2.50
1.3
0400

7.00
10.0
0830*

2.00
10.0
0800

ST. LOUIS:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.50
2.6
0800

3.00
3.2
0900

2.00
0.9
1045/
110013

2.50
2.6
0130

3.00
3.2
0300

2.00
1.0
0400

10.00
5.0
0800*

2.50
12.0
0800

Little Eock:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.25
2.2
0900

2.25
3.2
1030

1.75
0.7
1100

2.25
2.6
0001

2.25
3.7
0130

Louisville:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.00
2.4
0815

2.50
3.3
0900

1.50
0.7
0900

2.00
2.5
0001

2.50
4.8
0230

1.50
0.7
0300

7.50
7.0
0815

2.00
12.0
0900

Memphis:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.75
2.2
0800

3.75
3.2
0930

1.75
1.2
0930

2.75
2.7
0001

3.75
3.6
0130

1.75
1.2
0430

36.75
13.0
0930

2.75
12.0
0800

2.00
2.6
0730

2.00
1.7
0930

2.00
2.3
0830

2.25
1.9
0001

3.75
1.4
0300

3.00
2.6
0415

2.75
1.1
0315

3.20
1.3
0430

7.00
9.0
0830

2.00
10.00
0700

7.00
10.0
0900

2.50
7.7
0900
2.00
10.0
0800

2.50
2.9
2000

2.00
1.1
2200

1.75
0.8
0200

2.25
15.0
0900

FEDERAL RESERVE SYSTEM
CHECK COLLECTION SERVICE AND FEE SCHEDULE
CONSOLIDATED SHIPMENT AND DIRECT SEND INTERTERRITORY DEPOSITS
EFFECTIVE JANUARY 1,1987
C ITY

Unsorted

OFFICE
M IN N E APO LIS:
Cash Letter Fee($)1
Item Fee (cents/item)

Group Sort3

COUNTRY

EC PC
Fine
Sort

Unsorted

Group Sort3

Fine Sort

Unsorted

Group
Sort3

Fine Sort

MomMac him®Regular Premium Regular Premium Regular Regular Premium Regular Premium Regular Premium Regular Premium Regular Regular Premium HOGS4
aM®

2.00
1.8

2.00
2.5

2.00
0.6

Deposit Deadline2

0800

0915

Helena:
Cash Letter Fee(^)1
Item Fee (cents/item)
Deposit Deadline2

2.00
2.0
1000

K AN SAS C ITY:
Cash Letter Fee($)1
Item Fee (cents/item)

1.75
1.8

1.75
3.8

Deposit Deadline2

0830

0930

Denver:
Cash Letter Fee($)i
Item Fee (cents/item)
Deposit Deadline2

1.75
1.8
0900

2.00
0.5
1000

1.75
2.1
0001

1.75
4.2
0130

Oklahoma City:
Cash Letter Fee($)l
Item Fee (cents/item)
Deposit Deadline2

1.75
1.7
0900

2.50
0.6
1000

1.75
2.1
0400

Omaha:
Cash Letter Fee($)i
Item Fee (cents/item)
Deposit Deadline2

1.75
1.9
0900

1.50
1.1
1000

1.75
2.3
0030

7.00
7.0

2.00
10.0

0800

0800

30.00
12.0
0830

2.00
12.0
1000

6.75
7.5

1.75
12.0

0830*

0830

2.00
0.5
1500

6.75
10.0
0815*

1.75
12.0
0815

2.50
0.9
0100

17.75
8.0
0900*

1.75
8.0
0900

1.50
1.4
1600

6.75
10.0
0900

1.75
10.0
0900

3.00
0.9
0.6/1.4
043015

2.00
3.414

2.00
4.0

3.00
1.4

3.00
1.9

0915

2.00
2.00
4.1
2.7
2.1/3.0 3.6/4.4
000113 023015

123016

150017

1530/
170018

030019

1.50
1.0
1030

2.00
2.8
0001

2.25
1.4
0300

2.00
3.0
1200

3.00
1.4
1400

1.75
3.021
2.3/S.3
000121

2.50
1.221
1.0/1.8
01002i

1.75
1.6

2.20
0.8

093020

0930

2.00
4.0
0030

1.75
1.8
0100

2.00
0.5
0300

1.75
2.7
1300

1.75
3.4
0500

2.50
0.8
0515

1.75
2.3
0001

1.75
2.8
0130

1.50
1.1
0230

1.75
2.9
1500

5

1.75
2.1
2030

1.75
2.9
2130

6

FEDERAL RESERVE SYSTEM
CHECK COLLECTION SERVICE AND FEE SCHEDULE
CONSOLIDATED SHIPMENT AND DIRECT SEND INTERTERRITORY DEPOSITS
EFFECTIVE JANUARY 1,1987

Unsorted
OFFICE

Group Sort3

COUNTRY

EC PC

CITY
Fine
Sort

Unsorted

Group Sort3

Fine Sort

Unsorted

Group
Sort3

Fine Sort

Regular Premium Regular Premium Regular Regular Premium Regular Premium Regular Premium Regular Premium Regular Regular Premium HOGS'8

D ALLAS:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.00
1.8
0900

2.50
0.9
0930

2.00
2.3
0001

2.00
3.5
0115

2.50
1.1
0400

Houston:
Cash Letter FeeOj})1
Item Fee (cents/item)
Deposit Deadline2

2.00
1.8
0900

2.50
0.9
0930

2.00
2.3
0001

2.00
3.5
0115

San Antonio:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.00
1.8
0930

2.50
0.9
1030

2.00
2.3
0001

El Paso:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2

2.00
1.8
0915

2.50
0.9
1015

SAN FEANCISCO:
Cash Letter F eel!)1
Item Fee (cents/item)
Deposit Deadline2

2.00
2.2
0730

2.00
2.0
0800

Los Angeles:
Cash Letter Fee(f)1
Item Fee (cents/item)
Deposit Deadline2

2.00
2.2
0800

2.00
2.2
0830

Portland:
Cash Letter Fee($)1
Item Fee (cents/item)
Deposit Deadline2

2.00
1.9
0900

Salt Lake City:
Cash Letter Fee($)x
Item Fee (cents/item)
Deposit Deadline2

2.00
1.9
0930

Seattle:
Cash Letter F ee^ )1
Item Fee (cents/item)
Deposit Deadline2

2.00
1.9
0900

2.00
3.8
1015

2.00
2.9
1330

2.00
2.3
200022

2.50
1.1
213022

NunMachineable

10.00
7.5
0830

2.00
15.0
0900

2.50
1.1
0400

10.00
7.5
0900

2.00
15.0
0900

2.00
3.5
0115

2.50
1.1
0400

10.00
7.5
0900

2.00
15.0
0930

2.00
3.2
0001

2.00
4.5
0030

2.50
1.3
0230

14.50
15.0
0915

2.00
15.0
0915

3.00
0.6
1000

2.00
2.5
0001

2.00
4.3
0200

3.00
O.S
1000

2.00
2.5
0001

2.00
4.3
0200

2.00
2.16

3.00
0.8
0500

2.50
0.6
0930

2.00
2.3
0001

2.00
4.0
0200

2.00
1.96

2.50
0.8
0400

8.00
8.0
0900°

2.00
11.5
0900

2.50
0.6
1100

2.00
2.3
0001

2.00
4.0
0200

2.00
1.96

2.50
0.8
0500

21.00
8.0
0930

2.00
11.5
0900

2.50
0.6
1000

2.00
2.3
0001

2.00
4.0
0200

2.00
1.96

2.50
0.8
0400/
050023

2.00
2.ie

3.00
0.8
0500

2.00
3.0

0001

3.00
1.3
0500

2.00
11.5
0730
2.00
11.5
0800

2.00
11.5
0900

FOOTNOTES;
1 This is a fixed charge that applies to each cash letter deposit.
2 Deposit deadline times are shown using military time, e.g., 2:30 a.m. = 0230 and 2:30 p.m. = 1430.
3 Contact the receiving Federal Reserve Office for details on Group Sort deposits.
4 The High Dollar Group Sort (HDGS) product is offered Tuesday through Friday. An asterisk beside the deadline indicates that service is
also available on Monday.
5 Special charges for nonstandard nonmachineable items: $1.5Q/item in New York and $l.QQ/item in Buffalo, Jericho, Cranford and Utica.
6 The deposit deadline varies by group of end points. Contact the receiving Federal Reserve Office for specific deposit deadlines and routing
numbers.
7 The Cleveland Office offers a service (Sort Fourth) which accepts all Fourth District city and HDGS items in a single cash letter.
Deadlines are at 0130 and 0300. Fees are $4.75 per cash letter; 1.90 for Cleveland city items; 2.50 for other Fourth District city items; 250
for HDGS items. At the 0130 deadline Cleveland premium RCPC items may also be included in the cash letter for 4.50 per item.
8 Data cards required at later deposit deadline.
3 The 0315 deposit deadline applies to Maryland/West Virginia endpoints only - routing numbers 0521, 0522, 2521, and 2522.
10 Birmingham offers five different RCPC group sorts: three have a deposit deadline at 0001; one group has a deposit deadline at 1900 and
one at 2100. The item fee for four of these groups is 1.50; for the fifth group the fee is 1.70 per item.
n RCPC regular group sort shown at the 0001 deposit deadline is one group sort containing both City and RCPC endpoints.
13 The 0730 deposit deadline applies to all Chicago Clearinghouse endpoints. The 0930 deposit deadline applies to selected large Chicago
Clearinghouse endpoints.
13 The 1045 deposit deadline applies to St. Louis Clearinghouse endpoints only.
14 Unsorted country cash letters may be deposited for calculated availability. Item fee is 4.40 for immediate availability items and 3.40 on
one-day deferred items. For calculated availability deposits cash letter fee is $3.00 and the deposit deadline is 0230. Offered Tuesday
through Friday.
is Depositors have a choice of paying a single fee for each RCPC item (2.70 at regular deadline, 4.10 at premium deadline and 0.90 for fine
sort) or paying a two-tier price shown in the next line. Use of two-tier pricing does not require additional sorting by the depositor.
is The 1230 deposit deadline applies Monday through Thursday. The deposit deadline is 0001 on Saturday.
I? The 1500 deposit deadline applies Monday through Thursday. The deposit deadline is 0830 on Saturday.
i® The 1530 deposit deadline applies to South Dakota endpoints only. On Saturday an 0830 deadline applies to all country endpoints.
is Selected endpoints only. Offered Tuesday through Friday.
20 Kansas City offers a second city group at 1.30 per item at the same 0930 deposit deadline.
21 Depositors have a choice of paying a single fee for each country item (3.00 for regular unsorted deposits and 1.20 for fine sort deposits) or
paying a two-tier price shown on the next line. Use of two-tier pricing does not require additional sorting by the depositor.
22 The deposit deadline is 1700 on Sunday.
23 The 0400 deposit deadline applies to Alaska endpoints only.

7

F ed eral Reserve B ank of N ew Y ork

SC H ED U LE I

CHECK SERV ICES
Collection an d P ric e Schedules
for In-Zone D epositors

Effective January 1, 1987

HEAD OFFICE
CHECK COLLECTION SERVICE AND PRICE SCHEDULE
MEW Y O R K

SM-ZONE DEPOSITORS

P rod uct

R outing S ym bol

Per Item C h a rg e 1

A v a ila b ility

C u t-O ff T im e

City
Unsorted Regular

0210,0260,

3.5$

Immediate

7:00 a.m.

5.0$

Immediate

8:30 a.m.

0210

2.50

Immediate

8:30 a.m.

0210,0280,

1.0$3

Immediate

9:30 a.m.

3.80

1 Business Day

0280,2260
Unsorted Premium

0210,0260,
0280,2260

Group
Floe Sort2

0260,2260
C ountry

0211,0215,

12:00 noon

0216,2211,
2215,2216
Other Feds
6.80

Computed4

Group A

Unsorted

All
2/

6.20

1 Business Day

1 0:30 p.m.

Group B

2/

6.00

1 Business Day

11:30 p.m.

In-Zone

3.50

Computed4

9:00 p.m.

9:00 p.m.

Mixed! Cash Letter2
Early

In-District

3.80

Computed4

9:00 p.m.

Other Feds

6.80

Computed4

9:00 p.m.

In-Zone

3.50
3.80

Computed4

12:01 a.m.

In-District

Computed4

12:01 a.m.

Other Feds

6.80

Computed4

12:01 a.m.

City

0210,0260,

25.00

1 Business Day

8:30 a.m.

Country

0211,0215,

25.00

2 Business Days

8:30 a.m.

Regular

Non-machsneable
0280,2260
0216,2211,
2215,2216
Other Feds

All

30.00

Computed4

8:30 a.m.

Non-Standard

All

$1.50

2 Business Days

8:30 a.m.

8.00
8.30

Computed4
Computed4

7:00 p.m.

11.30

Computed4

7:00 p.m.

19.505

Immediate

1:00 a.m.

Unencoded Mixed
Cash Letter

In-Zone
In-District
Other Feds

7:00 p.m.

Super High Dollar
Group Sort

2/

’ A cash letter fee of 50.0<f applies to all intradistrict cash letters except fine sort and Super High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $5.00 applies to fine sort packages.
"Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
5A cash letter fee of $30.00 applies to Super High Dollar Group Sort cash letters.

-1-

BUFFALO BRANCH
ClHECtC C O LLEC TIO N SERVICE AND PRICE SCHEDULE
SH-ZOME DEPOSITORS

Product

Routing Symbol

Per Item Charge1

A vailability

2 .3 0

Im m e d ia te

8 :1 5 a .m .

C ut-O ff Time

C it y

U n s o r te d R e g u la r

0 2 2 0 ,2 2 2 0

RCPC
U n s o r te d R e g u la r

0 2 2 3 ,2 2 2 3

2 .5 0

Im m e d ia te

12:01 a .m .

U n s o r te d P r e m iu m

0 2 2 3 ,2 2 2 3

4 .8 0

Im m e d ia te

3 :1 5 a .m .

C it y

0 2 2 0 ,2 2 2 0

1 .1 0 3

Im m e d ia te

9 :3 0 a .m .

RCPC

0 2 2 3 ,2 2 2 3

1 .1 0 3

Im m e d ia te

4 :0 0 a .m .

A ll

5 .6 0

C o m p u te d 4

F in e S o r t2

O th e r F eds

1 0 :0 0 a .m .
T u e s d a y -T h u rs d a y
4 :0 0 p .m . S a tu r d a y

M ix e d C a s h L e t t e r 2
R e g u la r

P re m iu m

In - Z o n e (R C P C )

2 .5 0

C o m p u te d 4

12:01 a .m .

In - Z o n e ( C it y )

2 .3 0

C o m p u te d 4

12:01 a .m .

I n - D is t r ic t

2 .9 0

C o m p u te d 4

12:01 a .m .

O th e r F eds

5 .6 0

C o m p u te d 4

12:01 a .m .

I n - Z o n e (R C P C )

4 .8 0

C o m p u te d 4

2 :0 0 a .m .

In - Z o n e ( C it y )

2 .3 0

C o m p u te d 4

2 :0 0 a .m .

I n - D is t r ic t

2 .9 0

C o m p u te d 4

2 :0 0 a .m .

O th e r F eds

5 .6 0

C o m p u te d 4

2 :0 0 a .m .

N o n - m a c h in e a b le
C it y

0 2 2 0 ,2 2 2 0

2 0 .0 0

1 B u s in e s s D a y

8 :3 0 a .m .

RCPC

0 2 2 3 ,2 2 2 3

2 0 .0 0

1 B u s in e s s D a y

8 :3 0 a .m .

O th e r F eds

A ll

2 5 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

N o n - S ta n d a r d

A ll

$ 1 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

U n e n c o d e d M ix e d
C a s h L e tt e r

In - Z o n e

6 .5 0

C o m p u te d 4

12:01 a .m .

I n - D is t r ic t

6 .9 0

C o m p u te d 4

12:01 a .m .

O th e r - F e d s

9 .6 0

C o m p u te d 4

12:01 a .m .

H ig h D o lla r
G ro u p S o rt

2/

1 4 .0 0 s

Im m e d ia te

8 :3 0 a .m .

1A cash letter fee of 50.00 applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
■
’Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
5A cash letter fee of $3.75 applies to High Dollar Group Sort cash letters.

•2-

JERSGH30 OFFICE
CHECK COLLECTION SERVICE AND PRICE SCHEDULE
81M-ZOIWE DEPOSITORS
Product

Routing Symbol

Availability

Cut-Off Time

2.6P

Immediate

12:01 a.m.

4.8P

Immediate

2:30 a.m.

Per Item Charge1

RCPC
Unsorted Regular

0214,0219,
0280,2214,
2219

Unsorted Premium

0214,0219,
0280,2214,
2219

Group

2/

2.OP

Immediate

12:01 a.m.

Premium Group

2/

3.OP

Immediate

3:00 a.m.

0214,0219,

1.1P3

Immediate

4:00 a.m.

5.2P

Computed4

12:01 a.m.

Fine Sort2

0280,2214,
2219
Other Feds4 8,5
Unsorted Regular

All

Group A

2/

5.1 P

1 Business Day

10:00 p.m.

Group B

2/

4.5P

Immediate

12:01 a.m.

Mixed Cash Letter2
Early5

Regular5

In-Zone

2.6P

Computed4

9:00 p.m.

In-District

2.9P

Computed4

9:00 p.m.

Other Feds

5.2P

Computed4

9:00 p.m.

Computed4

In-Zone

2.6P

In-District
Other Feds

2.9P

Computed4

12:01 a.m.
12:01 a.m.

5.2P

Computed4

12:01 a.m.

0214,0219,

20.OP

1 Business Day

8:30 a.m.

$1.00

2 B usiness Days

8:30 a.m.

Non-machineable
Standard

0280,2214,
2219
Non-Standard
Uneneoded Mixed
Cash Letter

All
In-Zone

6.6P
6.9P

Computed4

9:00 p.m.

In-District
Other Feds

Computed4

9.2P

Computed4

9:00 p.m.
9:00 p.m.

2/

10.0P6

Immediate

8:30 a.m.

High Dollar
Group Sort

1A cash letter fee of 50.0$ applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
"Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
sOn Friday nights and Saturday mornings, there is one consolidated cut-off time of 1:00 a.m.
6A cash letter fee of $8.50 also applies to High Dollar Group Sort cash letters.

-3-

CRANFORD OFFICE
CHECK COLLECTION SERVICE AND PRICE SCHEDULE
1N-ZOME DEPOSITORS

Product

Routing Symbol

Availability

Cut-Off Time

2 .6$

Im m e d ia te

12:01 a .m .

4 .8 $

Im m e d ia te

2 :3 0 a .m .

Per Item Charge'

RCPC
U n s o r te d R e g u la r

0 2 1 2 ,0 2 7 0 ,

2212
U n s o r te d P r e m iu m

0 2 1 2 ,0 2 7 0 ,

2212
G ro u p

V

2 .0$

Im m e d ia te

12:01 a .m .

P r e m iu m G r o u p

y

3 .0 $

Im m e d ia te

3 :0 0 a .m .

1 .1 $ 3

Im m e d ia te

4 :0 0 a .m .

F in e S o r t 2

0 2 1 2 ,0 2 7 0 ,

2212
O th e r F eds
U n s o r te d R e g u la r

A ll

5 .2 $

C o m p u te d 4

12:01 a .m .

U n s o r te d P r e m iu m

A ll

5 .7 $

C o m p u te d 4

10:00 p .m .

U n s o r te d W e e k e n d

A ll

5 .0 $

C o m p u te d 4

7 :0 0 p .m . S a tu r d a y

G ro u p A

V

5 .2 $

C o m p u te d 4

1 0 :3 0 p .m .

G ro u p B

2/

4 .4 $

C o m p u te d 4

12:01 a .m .

G ro u p D

V

5 .5 $

C o m p u te d 4

12:01 a .m .

M in e d C a s h L e tt e r 2

E a rly

R e g u la r

In - Z o n e

2 .6$

C o m p u te d 4

10:00 p .m .

I n - D is t r ic t

2 .9 $

C o m p u te d 4

10:00 p .m .

O th e r F eds

5 .2 $

C o m p u te d 4

10:00 p .m .

In - Z o n e

2 .6$

C o m p u te d 4

12:01 a .m .

I n - D is t r ic t

2 .9 $

C o m p u te d 4

12:01 a .m .

O th e r F eds

5 .2 $

C o m p u te d 4

12:01 a .m .

0 2 1 2 ,0 2 7 0 ,

2 0 .0$

1 B u s in e s s D a y

8 :3 0 a .m .

$ 1 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

N o r t- m a c h ir te a b le
S ta n d a r d

2212
N o n - S ta n d a r d

A ll

U n e n c o d e d S ^ixe d
C a s h L e tt e r

In - Z o n e

6 .6$

C o m p u te d 4

7 :0 0 p .m .

I n - D is t r ic t

6 .9 $

C o m p u te d 4

7 :0 0 p .m .

O th e r F eds

9 .2 $

C o m p u te d 4

7 :0 0 p .m .

Im m e d ia te

8 :3 0 a .m .

H ig h D oS lar
G ro u p S o rt

2/

1 0 .0 $ 5

'A cash letter fee of 50.0<t applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
“Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
5A cash letter fee of $9.50 applies to High Dollar Group Sort cash letters.

-4-

UTICA OFFICE
ef=§ECt€ COLLECTION SERVICE AND PRICE SCHEDULE
IN-ZONE DEPOSITORS

Product

C it y

Routing Symbol

0 2 1 0 ,0 2 6 0 ,

Per Item Charge’

Availability

Cut-Off Time

2 .9 0

Im m e d ia te

12:01 a .m .

12:01 a .m .

0 2 8 0 ,2 2 6 0
RCPC
U n s o r te d R e g u la r

0 2 1 3 ,2 2 1 3

2 .5 $

Im m e d ia te

U n s o r te d P r e m iu m

0 2 1 3 ,2 2 1 3

4 .8 $

Im m e d ia te

2 :4 5 a .m .

G ro u p

2/

2 .0$

Im m e d ia te

12:01 a .m .

P r e m iu m G r o u p

V

3 .0 $

Im m e d ia te

3 :0 0 a .m .

1 .1 $ 3

Im m e d ia te

4 :0 0 a .m .

F in e S o r t 2

0 2 1 3 ,2 2 1 3

O th e r F e d s 4
U n s o r te d R e g u la r

A ll

G ro u p A

7

G ro u p B 6

7

5 .2 $

C o m p u te d 5

5 .1 $

1 B u s in e s s D a y

4 .5 $

Im m e d ia te

12:01 a .m .
9 :0 0 p .m .

12:01 a .m .

M ix e d C a s h L e tt e r 2

E a rly

R e g u la r

P r e m iu m

In - Z o n e

2 .5 $

C o m p u te d 5

8:00 p .m .

I n - D is t r ic t

2 .9 $

C o m p u te d 5

8:00 p .m .

O th e r F eds

5 .2 $

C o m p u te d 5

'

8 :0 0 p .m .

In - Z o n e

2 .5 $

C o m p u te d 5

12:01 a .m .

I n - D is t r ic t

2 .9 $

C o m p u te d 5

12:01 a .m .

O th e r F eds

5 .2 $

C o m p u te d 5

12:01 a .m .

In - Z o n e

4 .8 $

C o m p u te d 5

1 :3 0 a .m .

I n - D is t r ic t

2 .9 $

C o m p u te d 5

1 :3 0 a .m .

O th e r F eds

5 .2 $

C o m p u te d 5

1 :3 0 a .m .

M o n - m a c h ir s e a b ie
S ta n d a r d

0 2 1 3 ,2 2 1 3

2 0 .0$

1 B u s in e s s D a y

8 :3 0 a .m .

N o n - S ta n d a r d

A ll

$ 1 .0 0

2 B u s in e s s D a y s

8 :3 0 a .m .

U n e n c o d e d l M ix e d
C a s h L e tt e r

In - Z o n e

6 .5 $

C o m p u te d 5

8:00 p .m .

I n - D is t r ic t

6 .9 $

C o m p u te d 5

8:00 p .m .

O th e r F eds

9 .2 $

C o m p u te d 5

8:00 p .m .

Im m e d ia te

8 :3 0 a .m .

H ig h D o lla r
G ro u p S o rt

7

1 4 .0 $ 7

’A cash letter fee of 50.00: applies to intradistrict cash letters except fine sort and High Dollar Group Sort cash letters.
2Contact an Account Manager for details.
3A fixed charge of $4.50 applies to fine sort packages.
4On Friday nights and Saturday mornings, there is one consolidated cut-off time of 1:00 a.m.
5Availability on these deposits is subject to our interterritory crediting procedures. Contact an Account Manager for details.
6Credit availability will be one business day for items deposited by 1:00 a.m. Saturday except for those drawn on country endpoints.
7A cash letter fee of $16.50 applies to High Dollar Group Sort cash letters.

-5-

PAYOR BAMiC SERVICES PRICE SCHEDULE
HEAD OFFICE

Service Type
Account Total Service
1) Magnetic Tape
Minimum Daily Fee
Additional Charges

2)

3)

Electronic Transmission
Minimum Daily Fee
Additional Charges

Facsimile, Telephone
or Ftardcopy
Minimum Daily Fee
Additional Charges

MiCR Line Capture Service
1) Magnetic Tape
Minimum Daily Fee
Additional Charges

2)

Electronic Transmission
Minimum Daily Fee
Additional Charges

Account Level Sorting Service
Minimum Daily Fee
Additional Charges

Package Sort Processing Service
Minimum Daily Fee
Large D ollar Reject Stem N otification
Minimum Daily Fee

1/
2/
3/
4/

Service Level
Basic'

Enhanced1
2

$40 up to 50 totals
$.10 per total above 50

$49.50 up to 50 totals
$.10 per total above 50;
plus a $.04 surcharge per
low speed item handled4

$50 up to 50 totals
$.25 per total above 50

$59.50 up to 50 totals
$.25 per total above 50;
plus a $.04 surcharge per
low speed item handled4

$28
$1 per total above 28
totals

$37.50
$1 per total above 28 totals;
plus a $.04 surcharge per
low speed item handled4

$25
$.001 per item above
25,000

$34.50
$.001 per item above 25,000;
plus a $.04 surcharge per
low speed item handled4

$50
$.005 per item above 5,000
plus telephone line
charges

$59.50
$.005 per total above 5,000
plus telephone line charges;
plus a $.04 surcharge per
low speed item handled4

$150
$150 for an additional
high speed outsort pocket3
$.001 per item above
25,000

$159.50
$150 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$.023 per item

$.023 per item

$1 per item for telephone
or facsimile advice of reject
items $50,000 and over

High Speed data capture only.
Both high and low speed data capture. Items processed on low speed equipment are sorted into two cash letters, one
containing specified accounts and the other containing all other items. No additional charge is made for this separation.
Subject to a maximum of two additional outsort pockets.
Per item surcharge applies to those low-speed items within a specified account number range and all out-of-range items for
which the low-speed operator keys the account number.

-6-

PAYOR BANK SERVICES PRICE SCHEDULE
BUFFALO BRANCH AND RCPCs

S e r v ic e T y p e

S e r v ic e L e v e l

Basic1

Enhanced2

Magnetic Tape
Minimum Daily Fee
Additional Charges

$40 up to 50 totals
$.10 per total above 50

$49 up to 50 totals
$.10 per total above 50;
plus a $.03 surcharge per
low speed item handled4

Electronic Transmission
Minimum Daily Fee
Additional Charges

$50 up to 50 totals
$.25 per total above 50

$59 up to 50 totals
$.25 per total above 50;
plus a $.03 surcharge per
low speed item handled4

$28
$1 per total above 28
totals

$37
$1.00 per total above 28
totals; plus a $.03 surcharge
per low speed item handled4

$25
$.001 per item above
25,000

$34
$.001 per item above 25,000;
plus a $.03 surcharge per
low speed item handled4

$50
$.005 per item above
5,000 plus telephone
line charges

$59
$.005 per item above 5,000;
plus telephone line charges;
plus a $.03 surcharge per low
speed item handled4

$25
$25 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$34
$25 for an additional high
speed outsort pocket;3
$.001 per item above 25,000

$75
$75 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$84
$75 for an additional high
speed outsort pocket;3
$.001 per item above 25,000

$50
$50 for an additional high
speed outsort pocket;3
$.001 per item above
25,000

$59
$50 for an additional high
speed outsort pocket;3
$.001 per item above 25,000

$.012 per item

$.012 per item

A c c o u n t T o t a l S e rv ic e

1)

2)

3)

Facsimile, Telephone
or Hardcopy
Minimum Daily Fee
Additional Charges

M SCR L in e C a p tu r e S e r v ic e

1)

2)

Magnetic Tape
Minimum Daily Fee
Additional Charges

Electronic Transmission
Minimum Daily Fee
Additional Charges

A c c o u n t L e v e l S o r t in g S e r v ic e
B u f f a lo a n d U tic a

Minimum Daily Fee
Additional Charges

C r a n fo r d

Minimum Daily Fee
Additional Charges

J e r ic h o

Minimum Daily Fee
Additional Charges

P a c k a g e S o r t P r o c e s s in g S e r v ic e

Minimum Daily Fee
L a r g e D o lla r R e je c t Ite m N o t if ic a t io n

Minimum Daily Fee

1/
21
3/
4/

$1 per item for telephone
or facsimile advice of reject
items $50,000 and over

High Speed data capture only.
Both high and low speed data capture. Items processed on low speed equipment are sorted into two cash letters, one
containing specified accounts and the other containing all other items. No additional charge is made for this separation.
Subject to a maximum of two additional outsort pockets.
Per item surcharge applies to those low-speed items within a specified account number range and all out-of-range items for
which the low-speed operator keys the account number.

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FED C O N TA C TS FOR CHECK SERVICES
Bank Services Office
Head Office
Howard Crumb, Senior Bank Services Officer

(212) 720-6812

Bruce Cassella, Bank Services Officer

-6070

Michele Godfrey, Bank Services Officer

-6146

Account managers
Al Bevacqua

-6603

Ron Cook

-6823

Melissa Geiger

-6602

Kathy Hollings

-6601

Rocco Magnotta

-6825

Chuck Mineer

-8045

Customer Relations Representative
Gail Donovan

-1913

Wesley Richards

-6600

Buffalo Branch
(716) 849-5022

Bob McDonnell, Operations Officer
Account managers
Sally Hardenburg

-5108

Joe Kirby

-5085

Check Processing
Head Office
(212) 720-5997

Steve Garofalo, Assistant Vice President
Buffalo Branch

(716) 849-5018

David Schwarzmueller, Operations Officer
Cranford Office

(201) 272-9000

Fred Denesevich, Regional Manager
Jericho Office

(516) 997-4028

Tony Sagliano, Regional Manager
Utica Office

(315) 736-8321

Harry Curth, Regional Manager
Angus Kennedy, Regional Manager*
‘ Effective January 1987

-8-