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FEDERAL RESERVE SYSTEM

[Docket No. R-0967]

Federal Reserve Bank Service Pricing

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice.

SUMMARY: The Board has adopted guidelines for the Reserve Banks’ use of volume-based fee structures for their electronic payment services and products. The Board has also approved the continuation of volume-based fees for certain electronic check products, pending completion of an analysis showing that those fees meet the guidelines. Finally, the Board has approved specific volume-based fees for the origination of automated clearing house (ACH) transactions and a reduction in the fee for the receipt of transactions.

DATES: The volume-based pricing guidelines for electronic payment services and products are effective March 25, 1997. The ACH volume-based fees are effective May 1, 1997.

FOR FURTHER INFORMATION CONTACT: Florence M. Young, Assistant Director (202/452-3955), Jack K. Walton II, Manager, Check Payments (202/452-2660), or Wesley M. Horn, Manager, ACH Payments (202/452-2756), Division of Reserve Bank Operations and Payment Systems; for the hearing impaired only: Telecommunications Device for the Deaf, Dorothea Thompson (202/452-3544).

Summary and notice (32 KB PDF)

1997 Banking and consumer regulatory policy


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Last update: March 21, 1997 2:00 PM