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FEDERAL RESERVE BAMtC OF MEW YORK [ Circular No. 10226 1 February 1, 1988 Schedules for ACH9 Feeds Transfer 9 and Net Settlement Charges To All Depository Institutions, and Others Concerned, in the Second Federal Reserve District: Enclosed are revisions o f A ppendix B to this B ank’s Operating C ircular N o . 8, A ppendix A to Operating C ircular No. 9, and Appendix A to Operating Circular No. 10. The updated appendices reflect our current fee schedule for wire transfers o f funds and our current tim e and fee schedules for net settlem ent arrangem ents and autom ated clearing house services. The fee schedules, effective January 1, 1988, were announced in our Circular No. 10207, dated N ovem ber 30, 1987. Questions on these m atters may be directed to your A ccount M anager or to Andrew H eikaus, M anager, Funds Transfer D epartm ent (Tel. No. 212-720-5561). E. G erald C orrigan , President. Federal Reserve Bawk of Mew York Appendix B to Operating Circular No. 8 Revised effective January 1, 1988 WIRE TRANSFERS OF FUNDS Schedule of Charges To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: This B ank’s schedule o f charges for wire transfers of funds is as follows: Wire Transfers of Funds and Other Messages A. Originator: Basic charge per m e ssa g e ..................................... Surcharges: O ff-line origination........................................ Telephone advice to r e c e iv e r ..................... B. Receiver: Basic charge per m e ssa g e ..................................... Surcharge: Telephone advice requested by receiver (no surcharge to receiver when originator requests telephone advice to receiver) . . . [Enc. Cir. No. 10226] $0.47 $6.00 $3.50 $0.47 $3.50 (OVER) Fixed Monthly Fees for On-line Connections D e d ic a te d le a s e d l i n e ...................................................... $ 400 D ia l-u p l i n e ........................................................................... $ 60 $ 300 installation Fees for On-line Connections B a s ic in s ta lla tio n ................................................................. V e n d o r c h a r g e s ................................................................... P a s s -th ro u g h a c tu a l c o sts H a rd w a re c o m p a tib ility te s tin g .................................... S o ftw a re c o m p a tib ility t e s t i n g .................................... $ 2 ,5 0 0 $ 4 ,0 0 0 R e tr a in in g .............................................................................. $ 150 Effect of this Appendix on previous Appendix T h is A p p e n d ix su p ersed es A p p e n d ix B , re v ise d effectiv e Jan u a ry 1, 1987, to O p e ratin g C ircu lar N o . 8. E. G erald C orrigan, President. Federal Reserve Bawk of Mew York Appendix A to Operating Circular No. 9 Revised effective January 1, 1988 T IM E A N D F E E S C H E D U L E S FO R NET SETTLEM EN T ARRANGEM ENTS To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: T im e s c h e d u le 1. O rg a n iz a tio n s p a rtic ip a tin g in n e t s e ttle m e n t a rra n g e m e n ts m u s t b e g in to su b m it s e ttle m e n t tra n s a c tio n d e ta il to u s b y 5 p . m . , E a s t e rn T im e , o r a t su c h e a rlie r tim e as in th e ju d g m e n t o f th is B a n k w ill in su re c o m p le tio n o f all tra n s a c tio n s b y 6 p .m ., E a s te rn T im e . Fees 2. T h e fo llo w in g s c h e d u le o f m in im u m fe e s h a s b e e n e s ta b lis h e d fo r th is B a n k ’s n e t s e ttle m e n t s e rv ic e s g o v e rn e d b y O p e ra tin g C irc u la r N o . 9: B a sic s e ttle m e n t c h a rg e p e r e n t r y ............................... $ 1 .0 0 S u rc h a rg e s: S e ttle m e n t o rig in a te d o f f - l i n e .......................... $ 8 .0 0 T e le p h o n e a d v ic e r e q u e s te d ............................... $ 3 .5 0 3. T h e fo llo w in g sc h e d u le o f fe e s h a s b e e n e s ta b lis h e d fo r th e C H IP S S e ttle m e n t A rra n g e m e n t: (a) A fe e o f $ 0 .4 7 fo r e a c h p a y m e n t in to o r o u t o f th e C H IP S S e ttle m e n t A c c o u n t; an d [Enc. Cir. No. 10226] (OVER) (b) A d a ily s e ttle m e n t fe e b a s e d o n th e n u m b e r o f s e ttlin g p a rtic ip a n ts Number of Settling Participants Daily Settlement Fee U p to 24 $175 25 to 29 $200 3 0 to 34 $225 35 to 4 0 $250 (T o b e d e te rm in e d ) M o re th a n 4 0 4 . W e re s e rv e th e rig h t to c h a rg e h ig h e r fe e s fo r an y n e t s e ttle m e n t a rra n g e m e n ts th a t re s u lt in h ig h e r o r u n u s u a l c o sts. Effect of this Appendix on previous Appendix 5. T h is A p p e n d ix su p e rse d e s A p p e n d ix A , re v is e d e ffe c tiv e J a n u a ry 1, 1 9 8 7 , to O p e ra tin g C irc u la r N o . 9. E. G erald C orrigan, President. Federal Reserve B a h k of Mew York Appendix A to Operating Circular No. 10 Revised effective January 1, 1988 TIME AND FEE SCHEDULES Automated Clearing House Services To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: T h is B a n k ’s tim e a n d fe e sc h e d u le s fo r a u to m a te d c le a rin g h o u s e (A C H ) s e rv ic e s a re as fo llo w s: Deposit Deadlines D a y C y c le (M o n d a y th r o u g h F r id a y ) ACH files: ACH files for interregional transmission............................ ACH files for local courier delivery....................... N ig h t C y c le (S u n d a y th ro u g h T h u rsday) 11:30 a.m. 12:00 midnight 5:00 p.m. 4:00 a.m. Settlement Statement Time Schedule The following schedule shows the cut-off hours for receipt by us of settlement statements from local ACH associations: T y p e o f S e ttle m e n t Day Cycle Night Cycle Supplemental Truncation [Enc. Cir. No. 10226] R e c e ip t D e a d lin e ( D a y o f S e ttle m e n t) 11:00 11:00 3:00 5:00 a.m. a.m. p.m. p.m. (OVER) Transaction Fees1 Origination: Interregional presorted deposits2 ......................................................... Interregional addenda re c o rd ................................................................ Nighttime surcharges: Debits.................................................................................................. Next-day credits................................................................................. 4.50 2.00 Receipt: Interregional item s................................................................................. Interregional addenda re co rd ................................................................ 1.20 0.20 1.20 0.20 Fixed Fees File processing.................................................................................$1.00 per file Non-electronic delivery fee..................................................... $4.50 per delivery Effect of this Appendix on previous Appendix This Appendix supersedes Appendix A, revised effective April 1, 1987, to Operating Circular No. 10. 1. The following Automated Clearing House transactions will be billed as regular items: Corpo rate Trade Payments (CTP), Corporate Trade Exchange (CTX), Depository Institution Automated Returns (RET), Depository Institution Automated Notification of Changes (COR), and Prenotifications. 2. Presorted d deposits consist of files of interregional transactions presorted by receiving Federal Reserve Office. E. G erald C orrigan , President.
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