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FEDERAL RESERVE BANK OF NEW YORK [ Circular No. 10337 "1 March 12, 1990 REVISED FEE SCHEDULE FOR ACH SERVICES To All Depository Institutions, and Others Concerned, in the Second Federal Reserve District: Enclosed is a copy of Appendix A to Operating Circular No. 10, revised effective January 1, 1990, on Automated Clearing House Services, reflecting reductions in the nighttime surcharge on debit transactions and the surcharge on next-day credit transactions. In addition, the revised appen dix reflects increases in fixed fees for ACH file processing, in the charge for nonautomated delivery services, and a new fee for processing input tapes. Changes in our ACH fees were announced in our Circular No. 10319, dated November 28, 1989, regarding the adoption by the Board of Governors of the Federal Reserve System of 1990 fee schedules for services provided by Federal Reserve Banks. (Fees for services described in our Operating Circulars Nos. 8, 9, 14 and 21A remain unchanged; the new price schedules for check services were sent to you with Circular No. 10317, dated November 13, 1989.) Questions regarding the changes in ACH fees may be directed to Andrew Heikaus, Manager, Funds Transfer Department (Tel. No. 212-720-5561). E. G erald C orrigan , President. Federal Reserve Bank of New York Appendix A to Operating Circular No. 10 Revised effective January 1, 1990 TIME AND FEE SCHEDULES Automated Clearing House Services To A ll Depository Institutions in the Second Federal Reserve D istrict, and Others Concerned: This Bank’s time and fee schedules for automated clearing house (ACH) services are as follows: Deposit Deadlines ACH files: ACH files for interregional transmission........................... ACH files for local courier delivery..................... Day Cycle (Monday through ______ Friday)______ Night Cycle (Sunday through Thursday) 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: Type of Settlement Day Cycle Night Cycle Supplemental Truncation [Enc. Cir. No. 10337] Receipt Deadline (Day o f Settlement) 11:00 11:00 3:00 5:00 a.m. a.m. p.m. p.m. (OVER) Transaction Fees1 Origination: Interregional presorted deposits12 ................................................................ Interregional addenda reco rd ...................................................................... Nighttime surcharges: D e b its ............................................................................................................. Next-day cred its.......................................................................................... Receipt: Interregional ite m s.......................................................................................... Interregional addenda reco rd ...................................................................... 1.20 0.20 2.00 1.00 1.20 0.20 Fixed Fees File processing ................................................................................... $1.25 per file Non-electronic delivery f e e .................................................... $5.25 per delivery Input Tapes ....................................................................................... $ 4 .50 per tape E ffect of this Appendix on previous Appendix This Appendix supersedes Appendix A, revised effective January 1 ,1 9 8 9 , to Operating Circular No. 10. 1. The following Automated Clearing House transactions will be billed as regular items: Cor porate Trade Payments (CTP), Corporate Trade Exchange (C T X ), Depository Institution Automated Returns (R ET), Depository Institution Automated Notification of Changes (COR), and Prenotifi cations. 2. Presorted deposits consist of files of interregional transactions presorted by receiving Federal Reserve Office. E. G e r a l d C o r r ig a n , President.
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