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On November 3rd, the Federal Reserve Board announced the approval of fee schedules for payment services the Federal Reserve Banks provide to depository institutions, effective January 1, 2016.
On November 3rd, the Federal Reserve
Board announced the approval of
fee schedules for payment
services the Federal Reserve Banks provide to depository
institutions, effective January 1,
2016. The Federal Reserve Banks estimate the
following increases: Check prices will increase an average of 0.5%,
FedACH prices will increase an average of 6.5%, Fedwire Funds
prices will increase an average of 5.8%, and FedLine prices will
increase an average of 1.5%. Press Release.
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