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FEDERAL RESERVE BAMK OF MEW YORK [ Circular No. 9901 July 29, 1985 Uniform Installation Fee Schedule For Electronic Connections to Federal Reserve Banks To All Depository Institutions, and Others Concerned, in the Second Federal Reserve District: The Board of Governors of the Federal Reserve System has approved a new national installa tion fee schedule for electronic connections to Federal Reserve Banks for priced services, excluding dedicated book-entry securities connections.* The new fee schedule follows: Service Provided Fee Basic installation..................... Vendor charges....................... Hardware compatibility testing Software compatibility testing Retraining............................... $ 300 Pass-through actual costs $2,500 $4,000 $ 150 The fee schedule will become effective January 1, 1986, with the exception of the hardware compatibility testing fee, which will become effective August 15, 1985. The basic installation fee is designed to recover the costs associated with documentation, gen eral training, coordination of the installation, and routine testing. Service-oriented training costs will be allocated to the specific service and recovered through the transaction fees for the service. Specific vendor charges, both shipping and installation fees, will be passed through directly to depository institutions. * The old schedule was as follows: Type of Connection Computer Interface............................................................................... Leased L ine............................................................................................ Dial-U p................................................................................................... Installation Fees Equipment Owned by Institution $4,000 $ 350 $ 100 Equipment Leased from Federal Reserve N.A. $450 $200 (OVER) The hardware compatibility testing fee will be assessed with the connection of a specific hard ware configuration that has not been previously tested in this district. We may charge less than the stated fee for hardware testing if the configuration is essentially similar to one that has afready been approved for use in this district. The fee may be charged for retesting of hardware configurations that have been modified. The software compatibility testing fee will be assessed if the software necessary to interface with the Federal Reserve network is developed by a depository institution or an outside vendor. We may charge less than the stated fee for software testing if the software to be implemented is essen tially the same as software already in use in this district. The retraining fee is designed to recover the cost of retraining depository institution personnel or training additional depository institution personnel. Enclosed is a revised Appendix B to our Operating Circular No. 8, which reflects the new installation fee schedule. Questions on this matter may be directed to Henry F. Wiener, Assistant Vice President, Electronic Payments Function (Tel. No. 212-791-5079). E. G e r a l d C o r r ig a n , President. Federal Reserve Bank of Mew York Appendix B to Operating Circular No. 8 Revised July 29,1985 WIRE TRANSFERS OF FUNDS Schedule of Charges To All Depository Institutions in the Second Federal Reserve District, and Others Concerned: 1. this Bank: The following schedule of charges has been established for Wire Transfers of Funds A. Originator: Basic charge per transfer................................. Surcharges: Off-line origination................................. Telephone advice to receiv er................. B. Receiver: Basic charge per transfer.................................. Surcharge: Telephone advice requested by receiver (no surcharge to receiver when originator requests telephone advice to receiver) .. $0.55 $5.50 $3.00 $0.55 $3.00 (OVER) [Enc.. Cir. No. 9901] Request for Credit Transfer Service (On-line institutions only) Originator Receiver Request for payment (Code 1031).......... $0.55 No charge Transfer of funds in response to request for payment (Code 1032)..................... $0.55 $0.55 Refusal of request for payment (Code 1033).......................................... No charge No charge Dedicated leased l i n e ............................................................... $300 Dial-up lin e................................................................................$ 60 Installation Fees for On-line Connections* Basic installation.................................................... Vendor charges...................................................... Hardware compatibility testing............................. Software compatibility testin g ............................. Retraining............................................................... $ 300 Pass-through actual costs $2,500 $4,000 $ 150 2. This Appendix supersedes Appendix B, revised effective De cember 27, 1984, to Operating Circular No. 8. E . G e r a l d C o r r ig a n , President. * Effective January 1, 1986, with the exception of the hardware compatibility testing fee, which becomes effective August 15, 1985.
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