[Federal Register Volume 63, Number 69 (Friday, April 10, 1998)]
[Notices]
[Pages 17864-17872]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-9467]
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FEDERAL HOUSING FINANCE BOARD
[No. 98-N-3]
Prices for Federal Home Loan Bank Services
AGENCY: Federal Housing Finance Board.
ACTION: Notice of prices for Federal Home Loan Bank Services.
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SUMMARY: The Federal Housing Finance Board (Board) is publishing the
prices charged by the Federal Home Loan Banks (Banks) for processing
and settlement of items (negotiable order of withdrawal or NOW), and
demand deposit accounting (DDA) and other services offered to members
and other eligible institutions.
EFFECTIVE DATE: April 10, 1998.
FOR FURTHER INFORMATION CONTACT:
Gwen R. Grogan, Bank Examiner, Office of Supervision (202) 408-2892; or
Edwin J. Avila, Financial Analyst, (202) 408-2871; Federal Housing
Finance Board, 1777 F Street, NW., Washington, DC 20006.
SUPPLEMENTARY INFORMATION: Section 11(e) of the Federal Home Loan Bank
Act (Bank Act) (12 U.S.C.1431(e)) authorizes the Banks (1) to accept
demand deposits from member institutions, (2) to be drawees of payment
instruments, (3) to engage in collection and settlement of payment
instruments drawn on or issued by members and other eligible
institutions, and (4) to engage in such incidental activities as are
necessary to the exercise of such authority. Section 11(e)(2)(B) of the
Bank Act (12 U.S.C. Sec. 1431(e)(2)(B)) requires the Banks to make
charges for services authorized in that section, which charges are to
be determined and regulated by the Board.
Section 943.6(c) of the Board's regulations (12 CFR 943.6(c))
provides for the annual publication in the Federal Register of all
prices for Bank services. The following fee schedules are for the three
Banks which offer item processing services to their members and other
qualified financial institutions. Most of the remaining Banks provide
other Correspondence Services which may include securities safekeeping,
disbursements, coin and currency, settlement, electronic funds
transfer, etc. However, these Banks do not provide services related to
processing of items drawn against or deposited into third party
accounts held by their members or other qualified financial
institutions.
District 1.--Federal Home Loan Bank of Boston (1998 NOW/DDA
Services) (Services Not Provided)
District 2.--Federal Home Loan Bank of New York (1998 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
District 3.--Federal Home Loan Bank of Pittsburgh (1998 NOW/DDA
Services)
Deposit Processing Service (DPS)
DPS Deposit Tickets.................................... $0.6000 per deposit.
Printing of Deposit Tickets............................ Pass-through.
Deposit Items Processed
Pricing varies--tiered by monthly volume
For volumes of:
1-25,000........................................... $0.0385 per item (transit).
25,001-58,500...................................... 0.0379 per item (transit).
58,501-91,500...................................... 0.0374 per item (transit).
91,501-125,000..................................... 0.0368 per item (transit).
125,001-158,500.................................... 0.0363 per item (transit).
158,501-191,500.................................... 0.0357 per item (transit).
191,501-over....................................... 0.0352 per item (transit).
Deposit Items Encoded (West)
Pricing varies--tiered by monthly volume
For volumes of:
1-25,000........................................... $0.0311 per item.
25,001-58,500...................................... 0.0306 per item.
[[Page 17865]]
58,501-91,500...................................... 0.0301 per item.
91,501-125,000..................................... 0.0296 per item.
125,001-158,500.................................... 0.0291 per item.
158,501-191,500.................................... 0.0286 per item.
191,501-over....................................... 0.0281 per item.
Deposit Items Encoded (East)
Pricing varies--tiered by monthly volume
For volumes of:
1-25,000........................................... $0.0332 per item.
25,001-58,500...................................... 0.0327 per item.
58,501-91,500...................................... 0.0322 per item.
91,501-125,000..................................... 0.0317 per item.
125,001-158,500.................................... 0.0312 per item.
158,501-191,500.................................... 0.0307 per item.
191,501-over....................................... 0.0302 per item.
Deposit Items Returned................................. 1.9000 per item.
Deposit Items Photocopied.............................. 3.7500 per photocopy.
DPS Photocopies--Subpoena.............................. 18.3500 per hour of processing time.
Plus 0.2500 per photocopy.
Deposit Items Rejected................................. 0.2300 per rejected item.
(Applicable to pre-encoded deposits only)
Canadian Item Processing............................... 5.2500 per item.
Bond Coupon Returns.................................... 30.0000 per coupon.
Foreign Collection Fee................................. 26.0000 per item.
Bought Foreign Collection Fee.......................... 14.0000 per item.
Bond Collection:
Bearer............................................. 30.0000 per bond.
Registered......................................... 40.0000 per bond.
Foreign Return Check Fee............................... 26.0000 per item.
DPS Transportation (West).............................. 8.9000 per pickup.
DPS Transportation (East).............................. 8.9000 per pickup.
Return Check Courier Service........................... 130.0000 per month.
Depository Account Services
``On-Us'' Returns Deposited:
Qualified Returns.................................. $0.5400 per item.
Raw Returns........................................ 2.1200 per item.
Mail Deposits.......................................... 5.6500 per deposit.
Bond Coupon Collection................................. 7.0000 per envelope.
Deposit Transfer Vouchers.............................. 5.5600 per item.
Electronic Funds Transfers
Incoming Wire Transfers................................ $6.1800 per transfer.
Outgoing Wire Transfers (Automated/Link)............... 7.0000 per transfer.
Outgoing Wire Transfers (Manual)....................... 10.3000 per transfer.
Fax of Wire Transfer Advice............................ 3.1000 per transfer.
Internal Book Transfers (Automated/Link)............... No Charge.
Internal Book Transfers (Manual)....................... 1.0300 per transfer.
Foreign Wire Surcharge................................. 31.0000 per transfer.
Mortgage Participation Service Fee..................... 3.1000 per transfer.
Expected Wires Not Received............................ Penalty Assessed.**
Automated Clearing House
ACH Transaction Settlement (CR/DR)..................... $0.2750 per transaction.
ACH Origination Items (CR/DR).......................... 0.2100 per item.
ACH Origination Record Set-Up.......................... 1.5500 per record.
ACH Origination Items Returned......................... 5.0000 per returned item.
ACH Returns/NOCOs-Facsimile............................ 2.2000 per transaction.
ACH Returns/NOCOs-Telephone............................ 3.5500 per transaction.
ACH/FRB Priced Service Charges......................... 0.2900 per transaction.
*Note: This surcharge will be added to the amount of the outgoing funds transfer to produce a single total debit
to be charged to the customer's account on the date of transfer.
**Note: Standard penalty is equivalent to the amount of the wire(s) times the daily IOD rate, divided by 360. If
the wire not received causes the Bank to suffer any penalty, deficiency, or monetary loss, any and all related
costs will also be assessed.
Federal Reserve Settlement
FRB Statement Transaction (CR/DR)...................... $0.5900 per transaction.
Reserve Requirement Pass-Thru.......................... 26.5000 per month (active).
Correspondent Transaction (DR)......................... 0.5900 per transaction.
Direct Send Settlement................................. 148.3000 per month.
FRB Inclearing Settlement.............................. 148.3000 per month.
FRB Coin & Currency Settlements........................ 30.0000 per month.
[[Page 17866]]
Demand Deposit Services
Clearing Items Processed............................... $0.1550 per item.
Clearing Items Fine Sorted (for return with Bank 0.0770 per item.
statements).
Reconcilement Copies--Manual........................... 0.0930 per copy.
Reconcilement Copies--Mag Tape......................... 0.0520 per copy.
Reconcilement Mag Tape Processing...................... Pass-through.
Reconcilement Copies--Voided........................... 0.0420 per copy.
Check Photocopies--Mail................................ 3.9500 per photocopy.
Check Photocopies--Telephone/Fax....................... 4.7500 per photocopy.
Check Photocopies--Subpoena............................ 0.7000 per photocopy.
Stop Payment Orders.................................... 17.2500 per item.
FRB Return Items....................................... 0.5400 per item.
FRB Return Items Over $2,500........................... 6.000 per item.
Non-Standard Check Imprinting.......................... Pass-through.
Microfiche Copies...................................... 5.3000 per copy.
Request for Fax/Photocopy.............................. 3.1000 per document.
Image Statement Services--Proof of Deposit (POD) Service
Pricing for each of these premium services is customer-specific, based upon individual service requirements;
please call your Relationship Officer at (800) 288-3400 for further information.
Check Processing (Inclearing)
Checks Processed
Pricing varies--tiered by monthly volume for volumes of
1-25,000............................................... $0.0453 per item.
25,001-58,500.......................................... 0.0427 per item.
58,501-91,500.......................................... 0.0401 per item.
91,501-125,000......................................... 0.0375 per item.
125,001-158,500........................................ 0.0350 per item.
158,501-191,500........................................ 0.0324 per item.
191,501-350,000........................................ 0.0298 per item.
350,001-500,000........................................ 0.0272 per item.
500,001-over........................................... 0.0247 per item.
Full Backroom Service (Item Processing Charges)
Non-Truncated Checks
Pricing varies--tiered by monthly volume for volumes of
1-25,000............................................... $0.0593 per item.
25,001-58,500.......................................... 0.0578 per item.
58,501-91,500.......................................... 0.0563 per item.
91,501-125,000......................................... 0.0548 per item.
125,001-158,500........................................ 0.0533 per item.
158,501-191,500........................................ 0.0518 per item.
191,501-350,000........................................ 0.0503 per item.
350,001-500,000........................................ 0.0473 per item.
500,001-over........................................... 0.0443 per item.
Truncated Checks
Pricing varies--tiered by monthly volume for volumes of
1-25,000............................................... $0.0493 per item.
25,001-58,500.......................................... 0.0478 per item.
58,501-91,500.......................................... 0.0463 per item.
91,501-125,000......................................... 0.0448 per item.
125,001-158,500........................................ 0.0433 per item.
158,501-191,500........................................ 0.0418 per item.
191,501-350,000........................................ 0.0403 per item.
350,001-500,000........................................ 0.0373 per item.
500,001-over........................................... 0.0343 per item.
Modified Backroom Service (Item Processing Charges)
Non-Truncated Checks
Pricing varies--tiered by monthly volume for volumes of
1-25,000............................................... $0.0493 per item.
25,001-58,500.......................................... 0.0478 per item.
58,501-91,500.......................................... 0.0463 per item.
91,501-125,000......................................... 0.0448 per item.
125,001-158,500........................................ 0.0433 per item.
158,501-191,500........................................ 0.0418 per item.
191,501-350,000........................................ 0.0403 per item.
350,001-500,000........................................ 0.0373 per item.
500,001-over........................................... 0.0343 per item.
Truncated Checks
Pricing varies--tiered by monthly volume for volumes of
1-25,000............................................... $0.0393 per item.
25,001-58,500.......................................... 0.0378 per item.
58,501-91,500.......................................... 0.0363 per item.
[[Page 17867]]
91,501-125,000......................................... 0.0348 per item.
125,001-158,500........................................ 0.0333 per item.
158,501-191,500........................................ 0.0318 per item.
191,501-350,000........................................ 0.0303 per item.
350,001-500,000........................................ 0.0273 per item.
500,001-over........................................... 0.0243 per item.
Check Processing (Associated Services)
Over-The-Counter Items................................. $0.1900 per item.
OTC Item Transportation................................ 10.0000 per month.
Special Cycle Sorting.................................. 0.0220 per item.
Mid-Cycle Statement (Purged)........................... 0.5500 per item (Min $2.75).
Mid-Cycle Stmt. (Non-Purged)........................... 2.7000 per statement.
Statement Printing..................................... 0.0300 per page.
Check (NOW) Statement Processing:
Statements using Generic Envelopes................. 0.0620 per envelope.
Statements using Custom Envelopes.................. 0.1050 per envelope.
Statements using Large Envelopes................... 0.5900 per envelope.
Envelope Destruction Fee............................... 0.0300 per envelope.
Additional Stuffer Processing.......................... 0.0250 per stuffer.
(One stuffer per statement free--applicable to all additional stuffers)
Selective Stuffer Processing........................... 0.0700 per statement.
Daily Report Postage................................... Pass-through.
Statement Postage...................................... Pass-through.
Standard Return Calls.................................. 1.3500 per item.
Automated Return Calls................................. 0.2700 per item.
Return Calls via Link.................................. 0.7700 per item.
Late Return Calls...................................... 2.6000 per item.
FRB Return Items....................................... 0.5400 per item.
FRB Return Items Over $2,500........................... 6.0000 per item.
Suspect Item Processing................................ 2.6000 per suspect item.
Check Photocopies--Mail................................ 3.9500 per photocopy.
Check Photocopies--Telephone/Fax....................... 4.7500 per photocopy.
Check Photocopies--Subpoena............................ 0.7000 per photocopy.
Signature Verification Copies.......................... 0.8000 per copy.
Check Retrieval........................................ 1.6000 per item.
MICRSort Option (Fixed Fee)............................ 27.8500 per month.
MICRSort Option (per item)............................. 0.0320 per item.
Check Reconcilement Service............................ (See Separate Section)
MCPJ Microfiche Service................................ 0.0022 per item.
(Min. $15.00, Max. $75.00)
Microfiche Copies...................................... 5.3000 per copy.
Microfilm Processing................................... 5.6000 per roll.
Microfilm Duplication.................................. 11.3000 per roll.
Transportation......................................... Pass-through.
Statement Savings Processing
Statements using Generic Envelopes..................... $0.1030 per envelope.
Statements using Custom Envelopes...................... 0.1350 per envelope.
Statements using Large Envelopes....................... 0.600 per envelope.
Check Reconcilement Service
Reconcilement Items Processed.......................... $0.2250 per item.
Stop Payment Orders.................................... 10.0000 per item.
Microfiche Copies...................................... 3.0000 per copy.
Account Reconcilement.................................. 15.0000 per account.
Note: Individual service charges are detailed in a monthly statement provided specifically for this service.
The net of these charges is posted to Check Processing and appears as a single line item on the monthly billing
statement.
Coin and Currency Service: Western Service Area
Currency Orders........................................ $0.3750 per $1,000.*
Coin Orders............................................ 2.5000 per box.
Currency Deposits...................................... 1.3200 per $1,000.*
Coin Deposits.......................................... 1.9000 per standard bag.
Coin Deposits (Non-Standard)........................... 2.9300 per non-standard bag.
Coin Deposits (Unsorted)............................... 8.7500 per mixed bag.
Food Stamp Deposits.................................... 1.8500 per $1,000.*
Coin Shipment Surcharge................................ 0.2600 per excess bag.**
C&C Transportation (Zone W1)........................... 17.1000 per stop.
C&C Transportation (Zone W2)........................... 28.9500 per stop.
C&C Transportation (Zone W3)........................... 38.4700 per stop.
C&C Transportation (Zone W4)........................... Negotiable.***
Coin and Currency Service: Eastern Service Area
Currency Orders........................................ $0.3300 per $1,000.*
Coin Orders............................................ 2.9400 per box.
[[Page 17868]]
Currency Deposits...................................... 1.3200 per $1,000.*
Coin Deposits.......................................... 1.9000 per standard bag.
Coin Deposits (Non-Standard)........................... 2.9300 per non-standard bag.
Coin Deposits (Unsorted)............................... 8.7500 per mixed bag.
Food Stamp Deposits.................................... 1.8500 per $1,000.*
Coin Shipment Surcharge................................ 0.2600 per excess bag.**
C&C Transportation (Zone E1)........................... 25.8500 per stop.
C&C Transportation (Zone E2)........................... 35.9000 per stop.
C&C Transportation (Zone E3)........................... 54.9500 per stop.
C&C Transportation (Zone E4)........................... Negotiable. ***
.*Note: Charges will be applied to each $1,000 ordered or deposited, and to any portion of a shipment not
divisible by that standard unit.
**Note: A surcharge will apply to each container (box/bag) of coin in an order/delivery after the first 20
containers.
***Note: Reserved for remote locations: delivery charges will be negotiated with the courier service on an
individual basis.
Account Maintenance
Demand Deposit Accounts................................ $21.7500 per month, per account.
Cut-Off Statements..................................... 10.3000 per statement.
Telephone Balance Inquiry.............................. 2.1000 per telephone call.
Paper Advice of Transactions (DTS)..................... 25.0000 per account, per month.
Daily Transaction Data via Link........................ No Charge.
Account Overdraft Penalty
Greater of $75.00 per day and the daily interest on the amount of the overdraft. (Rate used for calculation
equal to the highest posted advance rate plus 3.0%). Attention: Customers Receiving Transportation Charges Under
Any Service.
Rates and charges relative to transportation vary depending on the location of the office(s) serviced. Details
regarding the pricing for the transportation to/from specific institutions or individual locations will be
provided upon their subscription to that service.
Surcharges may be applicable and will be applied to the customer as effective and without prior notice.
District 4.--Federal Home Loan Bank of Atlanta (1998 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
District 5.--Federal Home Loan Bank of Cincinnati (1998 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
District 6.--Federal Home Loan Bank of Indianapolis (1998 NOW/DDA
Services)
3. Fee Schedules
a. Checking Account Processing
Effective January 1, 1997
I. Checking Account Service Transaction Charges
Safekeeping Turnaround Complete Full service image * Limited service image *
(daily or
Monthly volume cycled)
Per item Per item Per item Per Per item Per
Per item statement statement
0-5,000...................................................... $.053 $.0635 $.0875 $.06 $.40 $.02 $.40
5-10,000..................................................... .045 .0585 .0855 .06 .40 .02 .40
10-15,000.................................................... .044 .0545 .0835 .06 .40 .02 .40
15-25,000.................................................... .039 .0475 .0825 .06 .40 .02 .40
25-50,000.................................................... .038 .0435 .0805 .06 .40 .02 .40
50-75,000.................................................... .034 .0405 .0765 .06 .40 .02 .40
75-100,000................................................... .031 .0375 .0755 .06 .40 .02 .40
100-and up................................................... .029 .0345 .0745 .06 .40 .02 .40
II. Ancillary Service Fees
Large Dollar Signature Verification.................... $0.50.
Over-the-counters and Microfilm........................ 0.035.
Return Items........................................... 2.40.
Photocopies ** and Facsimiles.......................... 2.50.
Certified Checks....................................... 1.00.
Invalid Accounts....................................... 0.50.
Late Returns........................................... 0.50.
Invalid Returns........................................ 0.50.
No MICR/OTC............................................ 0.50.
Settlement Only........................................ 100.00 per month.
+Journal Entries....................................... 3.00 each.
Encoding Errors........................................ 2.75.
Fine Sort Numeric Sequence............................. 0.02.
Access to Infoline..................................... 50.00 per month.
[[Page 17869]]
High Dollar Return Notification........................ N/C.
Debit Entries.......................................... N/C.
Credit Entries......................................... N/C.
Standard Stmt. Stuffers (up to 2) ***.................. N/C.
Minimum processing fee of $40.00 per month will apply for total NOW services. Also included in the above
fees--at no additional cost are Federal Reserve fees, incoming courier fees, software changes, disaster
recovery, envelope discount and inventory.
* Image Monthly Maintenance Fee of $500.00 for 0-32% of accounts; $300.00 for 33-49% of accounts; and $200.00
for 50%+ will be assessed for Image Statements.
** Photocopy request of 50 or more are charged at an hourly rate of $15.00.
*** Each additional (over 2) will be charged at $.02 per statement.
b. Demand Deposits Accounts/ACH
Item Processing Service Fees
Cash Management Service
Demand deposits clearings will have the following service charges:
Paid Check Charge...................................... $0.16 per item.
Stop payments.......................................... 6.00 per stop.
Photocopies............................................ 2.50 per copy.
Fine Sort Numeric Sequence............................. .025 per item.
Collection/Return/Exception............................ 5.00.
Daily Statement........................................ 2.00.
Maintenance............................................ 30.00 per month.
Debit Entries.......................................... N/C.
Credit Entries......................................... N/C.
Special Cutoff......................................... N/C.
Infoline............................................... 50.00 per month.
VRU (Voice Response)................................... 1.00 per inquiry.
ACH Fees:
Tape transmission.................................. 8.50 per tape.
or originations.................................... .045 per item.
NACHA, MPX......................................... Actual Federal Reserve charges.
ACH entries clearing through our R&T number........ .25 per item.
Settlement only.................................... 65.00 per month.
ACH returns/NOC.................................... 2.50 per item.
Collected balances will earn interest at CMS daily posted rate.
Prices adjusted on existing accounts only.
c. Deposit Services
Federal Home Loan Bank of Indianapolis
Pre-encoded Items:
City............................................... $0.04 per item.
RCPC............................................... .05 per item.
Other Districts.................................... .085 per item.
Unencoded.............................................. .165 per item.
Food Stamp............................................. .14 per item.
Photocopies *.......................................... 2.50 per copy.
Adjustments on pre-encoded work........................ 2.75 per error.
EZ Clear............................................... .14 per item.
Coupons................................................ 8.25 per envelope.
Collections............................................ 6.00 per item.
Cash Letter............................................ 2.00 per cash letter.
Deposit Adjustments.................................... .30 per adjustment.
Debit Entries.......................................... N/C.
Credit Entries......................................... N/C.
Microfilming........................................... N/C.
Mortgage Remittance (Basic Service).................... .35.
Settlement only........................................ 100.00 per month.
+Journal Entries....................................... 3.00 each.
Courier **............................................. .......................................................
Indianapolis (city).................................... 8.25 per location, per day, per pickup.
Outside Indianapolis................................... 9.50 per location, per day, per pickup.
Other.................................................. Prices vary per location.
Photocopy requests of 50 or more are charged out at an
hourly rate of $15.00 *.
* Courier
** Marion county....................................... 8.25 per location.
Outside Marion county.................................. Price varies per location.
Prices effective February 1, 1998.
[[Page 17870]]
District 7.--Federal Home Loan Bank of Chicago (1998 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
District 8.--Federal Home Loan Bank of Des Moines (1998 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
District 9.--Federal Home Loan Bank of Dallas (1997 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
District 10.--Federal Home Loan Bank of Topeka (1998 NOW/DDA
Services)
Deposit/Cash Letter Processing
Deposit Processing Fees--Encoded Items
Other
State Local Other local Transit transit
Colorado.................................................... $.015 $.031 $.040 $.059
Kansas...................................................... .015 .041 .040 .067
Nebraska.................................................... .015 .039 .040 .061
Oklahoma.................................................... .015 .038 .040 .057
Definitions
Local Checks: Low-cost city, RCPC and country items within the
local Federal Reserve Bank (FRB) zone.
Transit Checks: Low-cost city, RCPC and country items outside of
the local zone.
Other Checks: Includes city, RCPC and country items inside (local)
or outside (transit) of the district requiring additional resources to
clear through the payment system.
Encoding, Amount Field Only............................ $.029 per item.
Encoding, Amount Field Only (POD)...................... .030 per item.
Encoding, Multiple Fields (POD)........................ .035 per item.
Rejects on Encoded Items............................... .25 per item.
Returns/Redeposits (Oklahoma City/Omaha)............... .80 per item.
Returns/Redeposits (Denver/Topeka)..................... 1.00 per item.
Collections (plus subsequent handling fees)............ 10.00 per item.
Coin and Currency (additional fee may be charged for 2.50 per phone call.
coin and strap services).
Courier and Armored Car................................ At cost.
Research/Mass Photocopy Request $12 per hour +......... .15 per item.
ACH Settlement......................................... 0.50 per request.
Item Retrieval (photocopy)............................. 2.25 per request.
Facsimile.............................................. 1.75 per item.
Postage................................................ At cost.
Starlink (electronic balance inquiry system: cash No charge.
management information, availability, balance and rate
reporting).
Wire Transfers and Reserves
Incoming Wire Transfers................................ $3.65 per item.
Outgoing Wire Transfers................................ 5.65 per item.
Pass-through Reserves.................................. 25 per month.
Account
Items per month Data capture Archival Cycle sort
Proof of Deposit Processing
1-50,000..................................... $.011 $.012 $.009 $.010
*Truncated: .023 Cycled: .040
50,001-100,000............................... .008 .012 .006 .010
*Truncated: .020 Cycled: .034
100,001-150,000.............................. .006 .010 .004 .008
*Truncated: .016 Cycled: .026
150,001-250,000.............................. .005 .010 .003 .008
*Truncated: .015 Cycled: .024
250,001-500,000.............................. .004 .010 .002 .008
*Truncated: .014 Cycled: .022
500,001-above................................ .004 .009 .002 .008
Truncated: .013 Cycled: .021
*Truncated includes the data capture and archival categories.
Cycled includes the data capture, archival, cycle and account sort categories.
Overnight Deposits
Purchase or Redemption................................. $100,000 increments.
Interest Rate:
Approximately fed funds effective rate:
Cut-off................................................ 3:30 p.m. CST.
[[Page 17871]]
Account
Items per month Data capture Archival Cycle sort
Item Processing--Inclearing Fees
1-50,000..................................... $.009 $.012 $.009 $.010
*Truncated: .021 Cycled: .04
50,001-100,000............................... .006 .012 .006 .010
*Truncated: .018 Cycled: .034
100,001-150,000.............................. .004 .010 .004 .008
*Truncated: .014 Cycled: .026
150,001-250,000.............................. .003 .010 .003 .008
*Truncated: .013 Cycled: .024
250,001-500,000.............................. .002 .010 .002 .008
*Truncated: .012 Cycled: .022
500,001-above................................ .002 .009 .002 .008
*Truncated: .011 Cycled: .021
*Truncated includes the data capture and archival categories.
Cycled includes the data capture, archival, cycle and account sort categories.
State City RCPC Country Transit
Return Item Fee
Colorado.................................................... $.19 $.29 $.35 $.73
Kansas...................................................... .25 .50 .50 .75
Nebraska.................................................... .25 .31 .37 .73
Oklahoma.................................................... .16 .20 .22 .73
Item Pull.............................................. $.86.
Item Qualification (Oklahoma City/Omaha)............... .25.
Item Qualification (Denver/Topeka)..................... .35.
Settlement with Processing............................. No charge.
Settlement Only........................................ 100 per month.
Large Item Return Notification (Oklahoma City/Omaha) 3.00 per item.
2,500 and above.
Large Item Return Notification (Denver/Topeka) $2,500 5.65 per item.
and above.
Facsimile.............................................. 1.75 per item.
Postage................................................ At cost.
Item Retrieval (photocopy)............................. 2.25 per item.
Mass Photocopy Requests $12 per hour+.................. .15 per item.
Over-the-Counter Items Microfilmed and Filed (Oklahoma .03 per item.
City/Omaha).
Over-the-Counter Items Microfilmed and Filed (Denver/ .10 per item.
Topeka).
Statement Processing
Truncated Statement.................................... .08.
Imaged Statement....................................... .12.
Cycled Statement....................................... .24.
EOM Statement Premium.................................. .04.
Per Insert (first insert is free)...................... .01
Postage at cost.
Latex envelopes and statement stock provided by user.
Statement Printing
Imaged Check Printing (duplex):
(24 checks per side)............................... $.07 per page.
Statement Data Printing................................ .07 per page.
Maintenance Fee........................................ 250 per month.
Customized Services
CD-ROM Archival........................................ $45 per CD.
Multiple Account Formats............................... 250 per month.
Report Print Back...................................... 250 per month.
Custom Programming/Conversions......................... 120 per hour.
Demand Deposit Account*
Full Service Demand Disbursement (Includes automatic branch control reconciliation, reporting of full account
activity)
Cycled................................................. $.15 per item.
Imaged................................................. .13 per item.
Truncated.............................................. .12 per item.
Basic Demand Disbursement (Standard summary statement, must be able to process magnetic tapes)
Cycled................................................. $.11 per item.
Imaged................................................. .09 per item.
Truncated.............................................. .08 per item.
Maintenance Fee (unreconciled or master accounts only). 25 per month.
Debit.................................................. .15 per item.
Credit................................................. .15 per item.
Large Item Return Notification ($2,500 and above)...... 5.65 per item.
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Mass Photocopy Request $12 per hour+................... .15 per item.
Additional Statements.................................. 2.00.
Item Retrieval (photocopy)............................. 2.25.
Facsimile.............................................. 1.75.
Postage................................................ At cost.
*All accounts earn interest on collected balances at 40 basis points below the overnight deposit rate.
Lockbox Processing
Items Per Month: Fees Per Item
1-50,000............................................... $0.130.
50,001-80,000.......................................... 0.125.
80,001-120,000......................................... 0.120.
120,001-160,000........................................ 0.115.
160,000-above.......................................... 0.110.
Processing Fee......................................... 100 per month.
Exception Item Review/Processing....................... .07 per item.
Photocopy Retrieval.................................... 2.25 per item.
Facsimile.............................................. 1.75 per item.
Postage................................................ At cost.
Safekeeping
Transaction Fees (receipt and delivery):
Federal Reserve Book-entry Securities.............. $2.50.
FRB Reclaims and DKs............................... 2.50.
PTC Depository GNMAs............................... 8.50.
DTC Securities..................................... 4.50.
Physical Securities................................ 40.00.
Euro/Cedel Securities.............................. 75.00.
Payment Disbursal (per cusip), Federal Reserve Payment:
Fewer than 100 Securities.......................... 4.00.
100-200 Securities................................. 3.50.
More than 200 Securities........................... 3.00.
PTC, DTC, and Physical Payments:
Fewer than 100 Securities.......................... 6.50.
100-200 Securities................................. 6.00.
More than 200 Securities........................... 5.50.
Segregation and Pledge Activity Fees, Joint 10.00.
Custody, Pledges to Third Party, Repo Pledges,
Segregation and Pledge Releases.
Monthly Account Maintenance Fees* (per cusip), Federal
Reserve Book-entry Securities:
Fewer than 100 securities.......................... 5.00.
100-200 Securities................................. 4.75.
More than 200 Securities........................... 4.50.
Other:
Fewer than 100 securities.......................... 6.00.
100-200 Securities................................. 5.75.
More than 200 Securities........................... 5.50.
In-house........................................... 0.25.
*The monthly maintenance fee includes Starlink services, claim processing, audit verification and all daily and
monthly reports at no additional costs.
District 11.--Federal Home Loan Bank of San Francisco (1998 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
District 12.--Federal Home Loan Bank of Seattle (1998 NOW/DDA
Services) (Does Not Provide Item Processing Services for Third
Party Accounts)
By the Federal Housing Finance Board.
William W. Ginsberg,
Managing Director.
[FR Doc. 98-9467 Filed 4-9-98; 8:45 am]
BILLING CODE 6725-01-M
