Fed Board approves 2020 fee schedule

The Federal Reserve Board has announced the approval of fee schedules, effective January 2, 2020, for payment services the Federal Reserve Banks provide to depository institutions (priced services).

Overall, the Reserve Banks estimate that the price changes will result in a 2.4 percent average price increase. Estimated price changes will result in a 3.3 percent average price increase for Check Services customers; a 3.7 percent average price increase for Fedwire Funds Service customers; and a 2.9 percent average price increase for FedLine Solutions customers. Fees will remain unchanged for the Reserve Banks' FedACH Service, National Settlement Service, and Fedwire Securities Service.