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FEDERAL RESERVE BANK OF NEW YORK T Circular No.10748 [ D ecem b er 15, 1994 1 J CHECK SERVICES New Price Schedules, Effective January 1, 1995 T o A ll D e p o s ito r y I n stitu tio n s, a n d O th e r s C o n c e r n e d , in th e S e c o n d F e d e r a l R e s e r v e D is tr ic t: E f f e c t iv e J a n u a ry 1, 1 9 9 5 , n e w p r ic e s c h e d u le s fo r c h e c k s e r v ic e s w i l l b e im p le m e n te d at a ll F ederal R eserv e B a n k s. In fo r m a tio n a b o u t d e p o s it d e a d lin e s , c r e d it a v a ila b ility , a n d p r ic e s fo r th e c h e c k c o lle c t io n , return ite m , p a y o r b a n k a n d s a m e -d a y s e ttle m e n t s e r v ic e s o ffe r e d at e a c h o f th e f iv e o f f ic e s in th e S e c o n d D is tr ic t is p r o v id e d in th e e n c lo s u r e , Check Services: Collection and Return Item Price Schedules for In-Zone Depositors. W e are p le a s e d to a n n o u n c e th a t f e e s fo r a ll fo rw a rd c o lle c t io n c h e c k p r o d u c ts w ill r e m a in at 1 9 9 4 le v e ls . T h e r e w i l l b e s o m e m o d e s t in c r e a s e s in c erta in return ite m p r ic e s an d c a s h le tte r f e e s , a n d s o m e d e c r e a s e s in s e le c t e d p a y o r b a n k s e r v ic e s , s a m e -d a y s e ttle m e n t, a n d la r g e d o lla r return ite m n o tific a tio n p r ic e s. T h e p r ic e s c h e d u le a ls o r e fle c ts th e c o n s o lid a t io n o f th e U t ic a a n d B u f f a lo B r a n c h c h e c k p r o c e s s in g o p e r a tio n s. P le a s e r e fe r to th e e n c lo s u r e fo r fu rth er d e ta ils . I f y o u h a v e a n y q u e s tio n s , o r n e e d a d d itio n a l c o p ie s o f th e e n c lo s u r e , w e e n c o u r a g e y o u to c o n ta c t y o u r a c c o u n t m a n a g e r o r o n e o f th e f o llo w in g C h e c k o f f ic e r s at th e F e d e r a l R e s e r v e o f f ic e n e a r e st y o u : East Rutherford Operations Center Head Office M a tth e w J. P u g lis i, M a tth e w J. P u g lis i, R e g io n a l C h e c k M a n a g e r R e g io n a l C h e c k M a n a g e r (2 0 1 ) 5 3 1 -3 4 1 0 Jericho Office (2 0 1 ) 5 3 1 -3 4 1 0 Utica Office A n t h o n y N . S a g lia n o , A n g u s J. K e n n e d y , R e g io n a l C h e c k M a n a g e r R e g io n a l C h e c k M a n a g e r (5 1 6 ) 9 9 7 -4 5 6 9 Buffalo Branch (3 1 5 ) 7 6 8 -2 2 2 0 Account Managers P e te r L u c e , H e a d O f f ic e ( 2 1 2 ) 7 2 0 - 6 6 0 0 A s s is t a n t V ic e P r e sid e n t B u f f a lo B r a n c h ( 7 1 6 ) 8 4 9 - 5 0 8 5 (7 1 6 ) 8 4 9 -5 0 1 3 In a d d itio n , c o p ie s o f th e n e w p r ic e s c h e d u le s m a y b e o b ta in e d at th is B a n k (3 3 L ib e r ty S tr e e t) in th e I s s u e s D iv is io n a rea o n th e fir st flo o r , o r b y c o n ta c tin g o u r C ir c u la r s D iv is io n (T e l. N o . 2 1 2 7 2 0 -5 2 1 5 or 5 2 1 6 ). W illia m J. M c D o n o u g h , President. /crm u d Federal Reserve Bank of New York Schedule I Check Services Collection and Return Item Price Schedules for In-Zone Depositors , Effective January 1 1995 IQ1Q2 Fed Contacts for Check Services Bank Services Head Office Bruce Cassella, Bank Services Officer (212) 720-6070 A ccount M anagers Al Bevacqua Ron Cook Rocco Magnotta Chuck Mineer Wezley Richards -6603 -6823 -6825 -8045 -6602 C ustom er Relations Representative Clem Maglione -6600 Buffalo Branch Robert McDonnell, Operations Officer (716) 849-5022 A ccount M anager Reggie Melson -5085 Check East Rutherford Operations Center Matthew Puglisi, Regional Check Manager (201) 531-3410 Head Office Matthew Puglisi, Regional Check Manager (201) 531-3410 Buffalo Branch Peter Luce, Assistant Vice President (716) 849-5013 Jericho Office Anthony Sagliano, Regional Check Manager (516) 997-4569 Utica Office Angus Kennedy, Regional Check Manager (315) 768-2220 ic r ? East Rutherford Operations Center (EROC) In-Zone Depositors (Monday-Friday) Routing Symbol Product Availability Forward Collection Items Per Item Cut-Off Charge W Time City Regular Group Sort 1 3.1$ 8:00 a.m . Im m ediate 4.9$ 8:30 a.m . 0210 Im m ediate 2.0$ 8:30 a.m . 0212,0270, Im m ediate 2.8$ 12:01 a.m . 0212,0270, Im m ediate 4.7$ 3:00 a.m . 4/ 4/ 4/ Im m ediate Im m ediate Im m ediate 2.4$ 2.7$ 4.1$ 0210,0 2 6 0 0280,2 2 6 0 0 2 12,0270 Im m ediate 0 .6 $ /0 .3 $ -/ - / 9:30 a.m . 0.6 $ -/ 9:30 a.m . 0.6 $ -/ 9:30 a.m . Im m ediate 0 .7 $ /0 .3 $ -/ - / 5:00 a.m . 0 .7 $ -/ 5:00 a.m . 0 .7 $ -/ 5:00 a.m . RCPC Regular 2212 Prem ium A 2212 1 Group Sort 1 Group Sort Prem ium 1 Group Sort Prem ium II Fine Sort Return Items Qualified Returns Per Item Cut-Off C harge - / - / Time Im m ediate 0210,0260, 0280,2 2 6 0 0210,0260, 0280,2 2 6 0 P rem ium A Raw Returns Per Item C ut-O ff Charge Tim e $2.18 $2.18 12:01 a.m . 12:01 a.m . 55.0$ 8:00 a.m . 58.0$ 8:30 a.m . 55.0$ 12:01 a.m . 62.0$ 3:00 a.m . 12:01 a.m . 3:00 a.m . a.m . 6:00 ^ 1 City RCPC 2212 Other Feds Early W eekday A 1 Regular W eekend Inter Group 1 All All All Inter Group II Inter Group IV 4/ 4/ Mixed Cash 4/ C om puted C om puted C om puted C om puted Im m ediate 1 Business Day Im m ediate 5.7$ 5.8$ 5.6$ .1$ 6 5.0$ .0$ 6 10:30 p.m . 12:01 a.m . 12:01 a.m . $2.58 (Sun) 10:30 p.m . (M-Th) a.m . (Sat) a.m . (Tues-Sat) a.m . (Tues-Fri) a.m . (Sat) In-Zone (City) In-Zone (RCPC) In-District O ther Feds In-Zone (City) In-Zone (RCPC) In-District O ther Feds Regular W eekday 3.1$ 2.8$ C om puted 3.1$ 5.8$ 3.1$ .8$ 3.1$ 5.8$ 2 C om puted 12:01 81.0$ 75.0$ a.m . 12:01 a.m . (Sun) 60.0$ 60.0$ 62.0$ 91.0$ 65.0$ 65.0$ 67.0$ 96.0$ 10:30 p .m .—/ 1:20 1:20 1:20 1:20 Letter - / ^ - / W eekd ay A 12:01 a.m . 10:30 p.m . 12:01 a.m . $2.18 $2.18 $2.18 $2.58 8:00 p .m .2/ 12:01 a.m . Non-machineable f City A RCPC A 25.0$ 8:30 a.m . 1 Business Day 25.0$ 8:30 a.m . All All In-Zone (City) In-Zone (RCPC) In-District O ther Feds 2 Business Days 2 Business Days 8:30 a.m . 8:30 a.m . p.m . 4/ Im m ediate $1.00 30.0$ 7.1$ .8$ 7.1$ 9.8$ .0$—7 4/ Im m ediate Im m ediate Im m ediate Im m ediate C om puted 2212 N on-Standard 1 Other Feds Mixed Unencoded 1 Business Day 0210,0260, 0280,2 2 6 0 0212,0270, ^ High Dollar Group Sort Super High Dollar Group Sort Government Checks Postal M oney Orders Savings Bonds Canadian Checks— 1J 2/ 3/ 4/ 5/ 3/ 6 C om puted 8 40.0$— / - 15.0$ 8:00 8:30 a.m . (Tues-Fri) 1:00 a.m . (Tues-Sat) 12:01 a .m ./4 :0 0 p .m .-^ 12:01 a .m ./4 :0 0 p .m .— / 12:01 a .m ./4 :0 0 p .m .— / 16/ A cash letter fee of $4.50 applies to all intradistrict cash letters except mixed, other Fed, fine sort and High Dollar Group Sort cash letters. A cash letter fee of $4.00 applies to mixed and other Fed forward collection cash letters. A cash letter fee of $4.00 applies to mixed and other Fed return letters. Contact an account manager for details. The second fee applies to electronic fine sort cash letters. A fixed charge of $6.00 applies to each fine sort endpoint for cash items and return items except for electronic cash letters, which carry a $3.00 per endpoint charge and electronic recaps, which carry a $5.50 per endpoint charge. 7J Availability on these deposits is subject to our interterritory crediting procedures. 3/ A fixed availability option is also available for mixed return items. Contact an account manager for details. 3/ Subject to regular mixed cash letter availability schedule. 10/ If large dollar cash letter, subject to regular mixed cash letter availability schedule. IJJ A cash letter fee of $15.50 applies to High Dollar Group Sort cash letters. 12/ A cash letter fee of $60.50 applies to Super High Dollar Group Sort cash letters. [3 / For measuring daylight overdrafts, the credit posting time for the 12:01 a.m. deposit deadline is 8:30 a.m. and the credit posting time for the 4:00 p.m. deposit deadline is 5:00 p.m. 14/ Exchange rate is charged to the customer. 15/ The per item fee for Canadian Check Services consists of a 15.0$ per item fee and a $2.75 forward cash letter charge. The return per item fee is $12.00. 16/ Your local check office's deposit deadlines for the consolidated shipment to the Helena Fed apply. See the Guide to Canadian Check Services for further information. Jericho Office In-Zone Depositors (Monday-Friday) Product Routing Symbol Forward Collection Items Per Item Cut-Off Charge Time Availability City Regular Prem ium A Group Sort I Im m ediate 3 .1 t 8:00 a.m . Im m ediate 4.94 8:30 a.m . 0210 Im m ediate 2.04 8:30 a.m . 0214,0219, 0280,2214, 2219 0214,0219, 0280,2214, 2219 5/ 5/ Im m ediate 2.84 12:01 a.m . Im m ediate 4.74 3:00 a.m . Im m ediate Im m ediate 2.44 2.74 12:01 a.m . 0210,0260, 0280,2 2 6 0 0210,0260, 0280,2 2 6 0 RCPC Regular Prem ium A Group Sort I Group Sort P rem ium I Fine Sort - / City (Jericho depositors only) RCPC Country Regular Im m ediate 0210,0260, 0 2 8 0,2 2 6 0 Im m ediate 0214,0219, 0280,2214, 2219 Business Day 0211,0215, 0 2 1 6,2 2 1 1 ,2 21 5 ,2 2 1 6 0.6 4 /0 .3 4 - '- ' 58.04 8:30 a.m . 55.04 12:01 a.m . 62.04 3:00 a.m . 3:00 a.m . 0 .7 4 /0 .3 4 -/- / 5:00 a.m . 0 .7 4 -/ 5:00 a.m . 0 .7 4 -/ 4.04 C om puted 1 Business Day 5.84 5.64 Inter Group II 5/ Im m ediate 5.24 Mixed Cash Letter 5/S/9/12/ 3.14 2.84 3.14 5.64 3.14 2.84 3.14 5.64 C om puted 8:00 a.m . 0 .6 4 -/ All 5/ Regular W eekd ay 12:01 a.m . 55.04 9:30 a.m . 1 C om puted $2.18 12:01 a.m . 0 .6 4 -/ Regular Inter Group I In-Zone (City) In-Zone (RCPC) In-District O ther Feds In-Zone (City) In-Zone (RCPC) In-District O ther Feds $ 2 .1 8 -/ 9:30 a.m . Other Feds W eekd ay A Return Items Raw Returns Qualified Returns Per Item Cut-O ff Per Item Cut-Off Charge ^ Time Charge Time 12:00 noon 12:01 a.m . 9:45 p.m . 1:00 a.m . 12:45 a.m . 1:00 a.m . 10:00 p.m . 12:01 a.m . $2.18 $2.58 (M-Th) (Sat) (Tues-Fri) (Sat) $2.18 $2.18 $2.18 $2.58 RCPC A N on-Standard Other Feds Country A Mixed Unencoded High Dollar Group Sort Governm ent Checks Postal M oney Orders Savings Bonds Canadian Checks—/ —/ 1/ 5/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 1_J_/ 12/ 13/ 14/ 15/ 16/ 17/ 1 Business 0210,0260, 0280,2 2 6 0 1 Business 0214,0219, 2214,2 2 1 9 2 Business All All 2 Business 2 Business 0211,0215, 0 2 1 6,2 2 1 1 ,2 21 5 ,2 2 1 6 In-Zone (City) In-Zone (RCPC) C om puted In-District Other Feds 5/ Im m ediate Im m ediate Im m ediate Im m ediate C om puted Day 25.04 8:30 a.m . Day 25.04 8:30 a.m . Days Days Days $1.00 30.04 25.04 8:30 a.m . 8:30 a.m . 8:30 a.m . 7.14 6.84 7.14 9.64 8.04— / - 61.04 12:00 noon 12:01 a.m . 81.04 12:01 a.m . 8:00 p .m .— 7 60.04 60.04 62.04 91.04 65.04 65.04 67.04 96.04 - 15.04 8:00 p.m . 8:30 4:00 4:00 4:00 11/ a.m . (Tues-Fri) a .m ./4 :0 0 p .m .—'1 a .m ./4 :0 0 p .m .—'1 a .m ./4 :0 0 p .m .— / A cash letter fee of $4.50 applies to all intradistrict cash letters except mixed, other Fed, fine sort and High Dollar Group Sort cash letters. A cash letter fee of $4.00 applies to mixed and other Fed forward collectioncashletters. A cash letter fee of $4.00 applies to mixed and other Fed return letters. Open to Jericho zone depositors only. Contact an account manager for details. The second fee applies to electronic fine sort cash letters. A fixed charge of $6.00 applies to each fine sort endpoint for cash items and return items except for electronic cash letters, which carry a $3.00 per endpoint charge and electronic recaps, which carry a $5.50 per endpoint charge. Availability on these deposits is subject to our interterritory crediting procedures. On Friday nights and Saturday mornings, there is one cut-off time of 1:00 a.m. Saturday morning. A fixed availability option is also available for mixed return items. Contact an account manager for details. Subject to regular mixed cash letter availability schedule. If large dollar cash letter, subject to regular mixed cash letter availability schedule. A cash letter fee of $15.50 also applies to High Dollar Group Sort cash letters. For measuring daylight overdrafts, the credit posting time for the 4:00 a.m. deposit deadline is 8:30 a.m. and the credit posting time for the 4:00 p.m. deposit deadline is 5:00 p.m. Exchange rate is charged to the customer. The per item fee for Canadian Check Services consists of a 15.04 per item fee and a $2.75 forward cash letter charge. The return per item fee is $12.00. Your local check office's deposit deadlines for the consolidated shipment to the Helena Fed apply. See the Guide to Canadian Check Services for further information. 5:00 a.m . 12:01 a.m . Non-machineable City A 9:30 a.m . 10:00 p .m .12:01 a.m . lO Utica Office In-Zone Depositors (Monday-Friday) Routing Symbol Product City 0220,2220 Buffalo New York 0210,0260, 0280,2 2 6 0 Availability Forward Collection Items Per Item Cut-Off Charge ^ Time 2.54 3.14 12:01 a.m . $2.12 $2.12 12:01 a.m . 12:01 a.m . Im m ediate 2.74 12:01 a.m . $2.12 12:01 a.m . Im m ediate 4.74 3:15 a.m . RCPC Regular 0 2 13,0223 2 2 13,2223 0 2 13,0223 2 2 13,2223 Prem ium A Group Sort 1 Group Sort Prem ium 1 Fine Sort ^ 0220,2220 C ity Buffalo RCPC Other Feds 4/ 4/ 0 213,0223 2213,2 2 2 3 Return Items Raw Returns Qualified Returns Per Item Cut-O ff Per Item Cut-Off Charge Tim e C harge Time Im m ediate Im m ediate 8:15 a.m . Im m ediate Im m ediate 2 .4 4 /2 .145/ 2 .6 4 /2 .1 4 1' 12:01 a.m . Im m ediate Im m ediate 0 .4 4 /0 .2 4 -^ -/ 0 .6 4 /0 .3 4 -/- / 9:30 a.m . 5:00 a.m . ~7 53.04 8:15 a.m . 54.04 12:01 a.m . 61.04 3:15 a.m . 3:15 a.m . 0 .44 ^/ 0.64^/ 9:30 a.m . 5:00 a.m . 0 .4 4 -/ 0 .6 4 -/ 9:30 a.m . 5:00 a.m . ^ 4/ C om puted C om puted C om puted 1 Business Day 5.64 5.64 5.64 5.54 Inter Group II 4/ Im m ediate 4.94 Inter Group III 4/ 1 Business Day 5.54 City Buffalo RCPC In-District O ther Feds City Buffalo RCPC In-District Other Feds City Buffalo C om puted 2.54 2.74 3.14 5.64 2.54 2.74 3.14 5.64 2.54 4.94 3.14 5.64 Early W eekday Regular W eekend Inter Group 1 All All All Mixed Cash Letter & & & W eekd ay A Regular W eekday W eekday B C om puted C om puted R CPC In-District O ther Feds Non-Machineable 0220,2220 City Buffalo A R CPC A Non-Standard Other Feds Mixed Unencoded 10:00 p .m .(M -Th) 12:01 a.m . $2.47 6:00 p.m .(S at) 10:00 p .m .(M -Th) 6:00 p.m . (Sat) 12:30 a.m .(Tues-Fr) 6:00 p.m .(S at) 12:30 a.m .(Tues-Fri) 6:00 p.m .(S at) ^ High Dollar Group Sort Albany Relay Rochester Relay Governm ent Checks Postal M oney Orders Savings Bonds Canadian C h e c k s ^ ^ — 0 2 13,0223 2 2 13,2223 All All City Buffalo RCPC In-District O ther Feds 4/ 1 Business Day 1 Business Day 2 Business Days 2 Business Days C om puted Im m ediate Im m ediate Im m ediate Im m ediate 2 Business Days 25.04 25.04 10:00 p .m .(M -Th ) 6:00 p.m . (Sat) $2.12 $2.12 $2.12 $2.47 12:01 a.m . 3:15 a.m . 12:01 a.m . 8:00 p .m .— / (M-Th) p.m . (Sat) 6:00 75.04 81.04 75.04 63.04 59.04 63.04 91.04 67.04 64.04 67.04 96.04 67.04 72.04 67.04 96.04 8:00 p.m . (M-Th) 12:01 a.m . 6:00 p.m . (Sat) 1 0 : 0 0 p .r n . i l / (M-Th) 6:00 p.m . (Sat) 12:01 p.m . 3:15 a.m . 8:30 a.m . 8:30 a.m . $1.00 8:30 a.m . 30.04 8:30 a.m . 6.54 p.m . 6.74 7.14 9.64 8.04— / 8:30 a.m . (Tues-Fri) $ 10.00 per d ay per use ' $ 10.00 per d ay per use —/— / — / 12:01 a .m ./4 :0 0 p .m .— ' 12:01 a .m ./4 :0 0 p . m . ^ 12:01 a .m ./4 :0 0 p.m .±5/ 15.04 8:00 1_/ A cash letter fee of$4.50 applies to all intradistrict cash letters except mixed, other Fed, fine sort and High Dollar Group Sort cash letters. 2/ A cash letter fee of$4.00 applies to mixed and other Fed forward collection cash letters. 3/ A cash letter fee of$4.00 applies to mixed and other Fed return letters. 4 / Contact an account manager for details regarding this and/or electronic deposit options. 5 / The first charge is for RCPC items and the second charge is for City Buffalo items. 6/ The second fee applies to electronic fine sort cash letters. 7 / A fixed charge of $6.00 applies to each fine sort endpoint for cash items and return items except for electronic cash letters, which carry a $3.00 per endpoint charge and electronic recaps, which carry a $5.50 per endpoint charge. 8 / Availability on these deposits is subject to our interterritory crediting procedures. 9/ A fixed availability option is also available for mixed return items. Contact an account manager for details. 10/ Subject to regular mixed cash letter availability schedule. 11J If large dollar cash letter, subject to regular mixed cash letter availability schedule. 12/ A cash letter fee of $15.50 applies to High Dollar Group Sort cash letters. 1j3/ The $10 charge is a minimum charge. Actual charge is $.001 per item with a $10 charge for zero to 10,000 items. 14/ Contact the Utica Office for deadlines from Albany and Rochester. T5/ For measuring daylight overdrafts, the credit posting time for the 12:01 a.m. deposit deadline is 8:30 a.m. and the credit posting time for the 4:00 p.m. deposit deadline is 5:00 p.m. 16/ Exchange rate is charged to the customer. 17/ The per item fee for Canadian Check Services consists of a 15.04 per item fee and a $2.75 forward cash letter charge. The return per item fee is $12.00. 18/ The Canadian checks are sent directly to the Helena Fed. The deposit deadline for consolidated (inter-territory) shipments at the Utica Office to Helena apply. Buffalo Branch In-Zone Depositors (Monday-Friday) Forward Collection Items Per Item Cut-Off Charge Time Product Availability Governm ent Checks Postal M oney Orders Savings Bonds Canadian Checks2^ Im m ediate Im m ediate Im m ediate Two Business Days 15.0<t 12:01 a .m ./4 :0 0 p .m .1/ 12:01 a .m ./4 :0 0 p .m .1/ 12:01 a .m ./4 :0 0 p .m .1/ 1J For measuring daylight overdrafts, the credit posting time for the 12:01 a.m. deposit deadline is 8:30 a.m. and the credit posting time for the 4:00 p.m. deposit deadline is 5:00 p.m. 2 / Exchange rate is charged to the customer. 3 / The per item fee for Canadian Check Services consists of a 15.04 per item fee and a $2.75 forward cash letter charge. The return per item fee is $12.00. 4/ The Canadian checks are sent directly to the Helena Fed. The deposit deadline for consolidated (inter-territory) shipments at the Buffalo Airport to Helena apply. Head Office In-Zone Depositors (Monday-Friday) Routing Symbol Product Fine Sort Availability Forward Collection Items Per Item Cut-Off Charge Time Return Items Raw Returns Qualified Returns Per Item Per Item C ut-O ff Cut-Off Charge Tim e Charge Time Im m ediate 0 .6 < t/0 .3 t-/ 0.6C ^ City (New York City depositors only) Governm ent Checks Postal M oney Orders Savings Bonds Canadian Checks5/ 6/ 0210,0260, 0280,2 2 6 0 Im m ediate Im m ediate Im m ediate C om puted 9:30 a.m . 9:30 a.m . 0.6c 9:30 a.m . 12:01 a .m ./4 :0 0 p .m .4/ 12:01 a .m ./4 :0 0 p .m .-/ 12:01 a .m ./4 :0 0 p .m .-/ 15.0c 1/ 1J A fixed charge of $6.00 applies to each fine sort endpoint except for electronic cash letters, which carry a $3 per endpoint charge and electronic fine sort recaps, which carry a $5.50 per endpoint charge. 2 / Contact an account manager for details. 3 / The second fee applies to electronic fine sort cash letters. 4/ For measuring daylight overdrafts, the credit posting time for the 12:01 a.m. deposit deadline is 8:30 a.m. and the credit posting time for the 4:00 p.m. deposit deadline is 5:00 p.m. 5 / Exchange rate is charged to the customer. 6 / The per item fee for Canadian Check Services consists of a 15.0C per item fee and a $2.75 forward cash letter charge. The return per item fee is $12.00. 7 / Your local check office's deposit deadlines for the consolidated shipment to the Helena Fed apply. See the Guide to Canadian Check Services for further information. Payor Bank Services (PBS) Price Schedule Service_______________________________________ Price A ccount Totals Daily minimum fee Fee per account1727 (tape or transmission) Magnetic tape daily surcharge $ 30.00 $ .30 $ 10.00 ODtional Services Fine sort inclusion surcharge per item37 Head Office Utica EROC and Jericho Reject reentry per item-7 Reject information per item-7 $ $ $ $ $ .010 .004 .006 .03 1.00 A ccount Level Sort Low speed pocket charge per day (all offices) High speed pocket charge per day Utica Jericho and EROC $ 9.00 $ 25.00 $ 50.00 Inform ation Onlv M ICR Line C apture37 $12.00 $ .001 $10.00 $ .002 Daily minimum Per item mag tape1727 Mag tape daily surcharge Per item electronic transmission1727 Return item requests - electronic Return item requests - telephone Return item requests - Fax Retrieval requests - electronic Retrieval requests - telephone Optional Services Account Post Sort37 Sorting by Account Sorting by Cycle Fine sort inclusion surcharge per item37 Head Office Utica EROC and Jericho Reject reentry per item-7 Reject information per item37 Microfilming per item37 Basic Presentm ent $ 8.00 $ .001 $10.00 $ .001 E -M IC R $ 8.00 $ .001 $10.00 $ .001 $ .75 $ 2.00 $ 1.25 $ 1.00 $ 1.50 Truncation27 $ N/A $ .012 $ 10.00 $ .012 $ .75 $ 2.00 $ 1.25 $ 1.00 $ 1.50 $ .008 $ .012 $ $ $ $ $ $ .010 .004 .006 .03 1.00 .002 $ $ $ $ $ $ .010 .004 .006 .03 1.00 .002 1/ High speed d ata capture only. 2/ C ustom er will be charged either the daily m in im u m or the per item fee, whichever is greater. 3/ Price is $.0 02 less per item if custom er accepts ECL from another bank. $ $ $ $ $ $ .010 .004 .006 .03 1.00 .002 $ .010 $ .004 $ .006 4/ Plus $9 .00 per d ay low -speed pocket charge. 5/ Fax notification and m anual addition of item s $10,0 0 0 and over not captured through reject reentry. 6/ All offices also offer a contingency M IC R service. 7/ Includes M IC R capture, reject reentry, reject inform ation, m icrofilm ing for our internal research purposes, storage and destruction. 8/ With a $20 m in im u m for account sorting (includes first 2,500 item s) and a $30 m in im u m for cycle sorting (includes first 2 ,5 0 0 item s). 9/ Users of the contingency service incur a daily charge of $2.50. The fee per item for m icrofilm of incom ing deposits is $.002. app licab le p ackage sort processing fee. For outgoing item s (our presentm ents to payor banks) the fee is $.0 02 plus the t o m ? Same Day Settlement (SDS) Price Schedule (Billable to the Paying Bank) Basic Service Primary Alternate Daily Minimum Fee Variable fee per Presenting Bank $ 7.00 $8.00 $ 1.00 $ 1.00 $ 14.00 $ 15.00 $ 1.00 $ 1.00 Enhanced Service Primary Alternate SDS - PBS Processing Per Item New York EROC and Jericho Utica $ .010 $ .006 $ .004 Combined Presentment Point and SDS-PBS Increase to daily minimum $ 9.00 27 Large Dollar Return Item Notification Price Schedule -1 Service Price Cut-off Hour $ 1.75 $ 6.00 $ 7.25 12:00 noon 57 9:00 a.m. 57 9:00 a.m. 57 Normal Paper Item Presentments Wire Telephone Physical Item Check Truncation and Extended-MICR Item Presentments FedLine Telephone Fax 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ $ .75 1J $ 2.00 7J $ 1.25 1J 3:00 p.m. 57 3:00 p.m. 57 3:00 p.m .57 Fees are in addition to those charged for the service(s) provided under our Payor Bank Services (PBS) Price Schedule. The daily minimum fees listed under our Payor Bank Services (PBS) Price Schedule increase by $9.00 for customers receiving combined Presentment Point and Account Totals and/or MICR Line Capture payor bank services. Contact an account manager for details. This service is offered under the provisions of our Operating Circular 4. To assure timely notification, we must receive your wire by 12 noon Eastern time of our second banking day after you have received the check in your cash letter. The telephone can be used to notify the bank of first deposit or your local Fed office of large dollar return items. Flowever, if you choose the Fed’s service, we must receive your call by 9:00 a.m. local time, on our second banking day after you have received a check in your cash letter, in order to ensure timeliness. This option requires that your courier or messenger deliver the return check(s) to us by 9:00 a.m. local time of our second banking day after you received the check in your cash letter. Note: The 9:00 a.m. deadline for notification services does not supersede the U.C.C or Regulation CC deadlines for returns. In addition to item notification price of $7.25, above. An instruction to return an item of $ 2,500 or more under our Check Truncation and E-MICR service agreement will also serve as a request for us to give notice of non-payment to the depository bank under Section 229.33 of Regulation CC. For a notice of non-payment to be delivered to the depository bank by 4:00 p.m. local time for the depository bank, we must receive the instruction no later than 3:00 p.m. on our first banking day following presentment.
@FedFRASER