To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
In a press release, the Federal Reserve Board announced its approval of fee schedules for Federal Reserve Bank priced services, effective January 3, 2005. The fee schedules will be available on the Federal Reserve Banks’ financial services website at www.frbservices.org.
The Board also approved the 2005 private-sector adjustment factor (PSAF) for Reserve Bank priced services of $161 million. In addition, effective January 6, 2004, the Board approved changing the earnings credit rate on depository institutions' clearing balances at the Reserve Banks from 90 percent of the three-month Treasury bill rate to 80 percent of the three-month Treasury bill rate.