[Federal Register Volume 62, Number 70 (Friday, April 11, 1997)]
[Notices]
[Pages 17818-17826]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-9302]


=======================================================================
-----------------------------------------------------------------------

FEDERAL HOUSING FINANCE BOARD

[No. 97-N-3]


Prices for Federal Home Loan Bank Services

AGENCY: Federal Housing Finance Board.

ACTION: Notice of prices for Federal Home Loan Bank Services.

-----------------------------------------------------------------------

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 11, 1997.

FOR FURTHER INFORMATION CONTACT: Gary B. Townsend, Deputy Director, 
Office of Supervision (202) 408-2540; or Edwin J. Avila, Financial 
Analyst, (202) 408-2871; Federal Housing Finance Board, 1777 F Street, 
N.W., Washington, D.C. 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. 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 member or other qualified financial 
institutions.

District 1.--Federal Home Loan Bank of Boston (1997 NOW/DDA Services)

(Services Not Provided)

District 2.--Federal Home Loan Bank of New York (1997 NOW/DDA Services)

(Does Not Provide Item Processing Services for Third Party Accounts)

District 3.--Federal Home Loan Bank of Pittsburgh (1997 NOW/DDA 
Services)

DPS Deposit Tickets--$0.5900 Per Deposit, Printing of Deposit Tickets

----------------------------------------------------------------------------------------------------------------
    Deposit processing service (DPS)              Pass-through pricing varies--tiered by monthly volume         
----------------------------------------------------------------------------------------------------------------
 Deposit Items Processed for volumes of                                                                         
1-25,000...............................  $0.0375 per item (transit)                                             
25,001-58,500..........................  0.0369 per item                                                        
58,501-91,500..........................  0.0364 per item                                                        
91,501-125,000.........................  0.0358 per item                                                        
125,001-158,500........................  0.0353 per item                                                        
158,501-191,500........................  0.0347 per item                                                        
191,501-over...........................  0.0342 per item                                                        
                                                                                                                
  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                                                        
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                                                        

[[Page 17819]]

                                                                                                                
Deposit Items Returned.................  1.8500 per item                                                        
Deposit Items Photocopied..............  3.6500 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)                                                                                          
                                                                                                                
DPS Transportation (West)..............  8.7500 per pickup                                                      
DPS Transportation (East)..............  8.7500 per pickup                                                      
Return Check Courier Service...........  128.0000 per month                                                     
----------------------------------------------------------------------------------------------------------------
                                           Depository Account Services                                          
----------------------------------------------------------------------------------------------------------------
Mail Deposits..........................  $5.5000 per deposit                                                    
``On-Us'' Returns Deposited:                                                                                    
    Qualified Returns..................  0.5200 per item                                                        
    Raw Returns........................  2.0600 per item                                                        
Bond Coupon Collection.................  6.5000 per envelope                                                    
Bond Coupon Returns....................  20.0000 per coupon                                                     
Bond Collection:                                                                                                
    Bearer.............................  23.0000 per bond                                                       
    Registered.........................  31.0000 per bond                                                       
Deposit Transfer Vouchers..............  5.4000 per item                                                        
Canadian Item Collection...............  5.2500 per item                                                        
Other Foreign Item Collection..........  Pass-through                                                           
----------------------------------------------------------------------------------------------------------------
                                           Electronic Funds Transfers                                           
----------------------------------------------------------------------------------------------------------------
Incoming Wire Transfers................  $6.0000 per transfer                                                   
Outgoing Wire Transfers (Automated/      7.0000 per transfer                                                    
 Link).                                                                                                         
Outgoing Wire Transfers (Manual).......  10.0000 per transfer                                                   
Fax of Wire Transfer Advice............  To Be Announced                                                        
Internal Book Transfers (Automated/      No Charge                                                              
 Link).                                                                                                         
Internal Book Transfers (Manual).......  1.0000 per transfer                                                    
Foreign Wire Surcharge.................  30.0000 per transfer*                                                  
Expected Wires Not Received............  Penalty Assessed**                                                     
ACH Transaction Settlement (CR)........  0.2650 per transaction                                                 
ACH Transaction Settlement (DR)........  0.2650 per transaction                                                 
ACH Origination Items (CR).............  0.2000 per item                                                        
ACH Origination Items (DR).............  0.2000 per item                                                        
ACH Origination Record Set-Up..........  1.5500 per record                                                      
ACH Origination Items Returned.........  5.0000 per returned item                                               
ACH Returns/NOC's--Facsimile...........  2.1500 per transaction                                                 
ACH Returns/NOC's--Telephone...........  3.4500 per transaction                                                 
ACH/FRB Priced Service Charges.........  0.2800 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).........  $0.5700 per transaction                                                
FRB Statement Transaction (DR).........  0.5700 per transaction                                                 
Reserve Requirement Pass-Thru..........  25.7500 per month (active)                                             
Correspondent Transaction (DR).........  0.5700 per transaction                                                 
Direct Send Settlement.................  144.0000 per month                                                     
FRB Inclearing Settlement..............  144.0000 per month                                                     
FRB Coin and Currency Settlement.......  30.0000 per month                                                      
----------------------------------------------------------------------------------------------------------------
                                             Demand Deposit Services                                            
----------------------------------------------------------------------------------------------------------------
Clearing Items Processed...............  $0.1500 per item                                                       
Clearing Items Fine Sorted.............  0.0750 per item                                                        
   (for return with Bank statements )                                                                           
Reconcilement Copies--Manual...........  0.0900 per copy                                                        
Reconcilement Copies--MagTape..........  0.0500 per copy                                                        
Reconcilement MagTape Processing.......  Pass-through                                                           
Reconcilement Copies--Voided...........  0.0410 per copy                                                        
Check Photocopies--Mail................  3.8500 per photocopy                                                   
Check Photocopies--Telephone/Fax.......  4.6500 per photocopy                                                   
Check Photocopies--Subpoena............  0.6700 per photocopy                                                   
Stop Payment Orders....................  16.7500 per item                                                       
FRB Return Items.......................  0.5200 per item                                                        

[[Page 17820]]

                                                                                                                
FRB Return Items Over $2,500...........  6.0000 per item                                                        
Collections and Forgeries..............  15.5000 per item                                                       
Imprinting of Standard Checks..........  0.1150 per item                                                        
Non-Standard Imprinting................  Pass-through                                                           
Microfiche Copies......................  5.1500 per copy                                                        
Request for Fax/Photocopy..............  3.0000 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 Marketing representative at (800) 288-3400 for further information.                            
----------------------------------------------------------------------------------------------------------------
                                 Coin and Currency Service: Western Service Area                                
----------------------------------------------------------------------------------------------------------------
Currency Orders........................  $0.3650 per $1,000*                                                    
Coin Orders............................  2.4200 per box                                                         
Currency Deposits......................  1.2800 per $1,000*                                                     
Coin Deposits..........................  1.8500 per standard bag                                                
Coin Deposits (Non-Standard)...........  2.8500 per non-standard bag                                            
Coin Deposits (Unsorted)...............  8.5000 per mixed bag                                                   
Food Stamp Deposits....................  1.8000 per $1,000*                                                     
Coin Shipment Surcharge................  0.2500 per excess bag**                                                
C&C Transportation (Zone W1)...........  16.6000 per stop                                                       
C&C Transportation (Zone W2)...........  28.1000 per stop                                                       
C&C Transportation (Zone W3)...........  37.3500 per stop                                                       
C&C Transportation (Zone W4)...........  Negotiable***                                                          
----------------------------------------------------------------------------------------------------------------
                                 Coin and Currency Service: Eastern Service Area                                
----------------------------------------------------------------------------------------------------------------
Currency Orders........................  $0.3200 per $1,000*                                                    
Coin Orders............................  2.8500 per box                                                         
Currency Deposits......................  1.2800 per $1,000*                                                     
Coin Deposits..........................  1.8500 per standard bag                                                
Coin Deposits (Non-Standard)...........  2.8500 per non-standard bag                                            
Coin Deposits (Unsorted)...............  8.5000 per mixed bag                                                   
Food Stamp Deposits....................  1.8000 per $1,000*                                                     
Coin Shipment Surcharge................  0.2500 per excess bag**                                                
C&C Transportation (Zone E1)...........  25.1000 per stop                                                       
C&C Transportation (Zone E2)...........  34.8500 per stop                                                       
C&C Transportation (Zone E3)...........  53.3500 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.                                                                                               
----------------------------------------------------------------------------------------------------------------
                                          Check Processing (Inclearing)                                         
----------------------------------------------------------------------------------------------------------------
    Checks Processed for volumes of                      Pricing varies--tiered by monthly volume               
1-25,000...............................  $0.0445 per item                                                       
25,001-58,500..........................  0.0419 per item                                                        
58,501-91,500..........................  0.0393 per item                                                        
91,501-125,000.........................  0.0367 per item                                                        
125,001-158,500........................  0.0342 per item                                                        
158,501-191,500........................  0.0316 per item                                                        
191,501-350,000........................  0.0290 per item                                                        
350,001-500,000........................  0.0264 per item                                                        
500,001-over...........................  0.0239 per item                                                        
----------------------------------------------------------------------------------------------------------------
                                 Full Backroom Service (Item Processing Charges)                                
----------------------------------------------------------------------------------------------------------------
  Non-Truncated Checks for volumes of                    Pricing varies--tiered by monthly volume               
1-25,000...............................  $0.0585 per item                                                       
25,001-58,500..........................  0.0570 per item                                                        
58,501-91,500..........................  0.0555 per item                                                        
91,501-125,000.........................  0.0540 per item                                                        
125,001-158,500........................  0.0525 per item                                                        
158,501-191,500........................  0.0510 per item                                                        
191,501-350,000........................  0.0495 per item                                                        
350,001-500,000........................  0.0465 per item                                                        
500,001-over...........................  0.0435 per item                                                        
    Truncated Checks for volumes of                      Pricing varies--tiered by monthly volume               
1-25,000...............................  $0.0485 per item                                                       

[[Page 17821]]

                                                                                                                
25,001-58,500..........................  0.0470 per item                                                        
58,501-91,500..........................  0.0455 per item                                                        
91,501-125,000.........................  0.0440 per item                                                        
125,001-158,500........................  0.0425 per item                                                        
158,501-191,500........................  0.0410 per item                                                        
191,501-350,000........................  0.0395 per item                                                        
350,001-500,000........................  0.0365 per item                                                        
500,001-over...........................  0.0335 per item                                                        
----------------------------------------------------------------------------------------------------------------
                               Modified Backroom Service (Item Processing Charges)                              
----------------------------------------------------------------------------------------------------------------
  Non-Truncated Checks for volumes of                    Pricing varies--tiered by monthly volume               
1-25,000...............................  $0.0485 per item                                                       
25,001-58,500..........................  0.0470 per item                                                        
58,501-91,500..........................  0.0455 per item                                                        
91,501-125,000.........................  0.0440 per item                                                        
125,001-158,500........................  0.0425 per item                                                        
158,501-191,500........................  0.0410 per item                                                        
191,501-350,000........................  0.0395 per item                                                        
350,001-500,000........................  0.0365 per item                                                        
500,001-over...........................  0.0335 per item                                                        
    Truncated Checks for volumes of                      Pricing varies--tiered by monthly volume               
1-25,000...............................  $0.0385 per item                                                       
25,001-58,500..........................  0.0370 per item                                                        
58,501-91,500..........................  0.0355 per item                                                        
91,501-125,000.........................  0.0340 per item                                                        
125,001-158,500........................  0.0325 per item                                                        
158,501-191,500........................  0.0310 per item                                                        
191,501-350,000........................  0.0295 per item                                                        
350,001-500,000........................  0.0265 per item                                                        
500,001-over...........................  0.0235 per item                                                        
----------------------------------------------------------------------------------------------------------------
                                      Check Processing (Associated Services)                                    
----------------------------------------------------------------------------------------------------------------
Over-The-Counter Items.................  $0.1850 per item                                                       
OTC Item Transportation................  10.0000 per month                                                      
Special Cycle Sorting..................  0.0220 per item                                                        
    Mid-Cycle Statement (Purged).......  0.5400 per item (Min $2.70)                                            
Mid-Cycle Stmt. (Non-Purged)...........  2.6800 per statement                                                   
Check (NOW) Statement Processing:                                                                               
    Statements using Generic Envelopes.  0.0610 per envelope                                                    
    Statements using Custom Envelopes..  0.1000 per envelope                                                    
    Statements using Large Envelopes...  0.5750 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...........  0.0680 per statement                                                   
Daily Report Postage...................  Pass-through                                                           
Statement Postage......................  Pass-through                                                           
Standard Return Calls..................  1.3000 per item                                                        
Automated Return Calls.................  0.2626 per item                                                        
Return Calls via Link..................  0.7500 per item                                                        
Late Return Calls......................  2.5000 per item                                                        
FRB Return Items.......................  0.5200 per item                                                        
FRB Return Items Over $2,500...........  6.0000 per item                                                        
Check Photocopies--Mail................  3.8500 per photocopy                                                   
Check Photocopies--Telephone/Fax.......  4.6500 per photocopy                                                   
Check Photocopies--Subpoena............  0.6700 per photocopy                                                   
Signature Verification Copies..........  0.7750 per copy                                                        
Check Retrieval........................  1.5500 per item                                                        
MICRSort Option (Fixed Fee)............  27.0000 per month                                                      
MICRSort Option (per item).............  0.0310 per item                                                        
Check Reconcilement Service............  (See Separate Section)                                                 
Collections and Forgeries..............  15.5000 per item                                                       
MCPJ Microfiche Service................  0.0021 per item                                                        
       (Min. $15.00, Max. $75.00)                                                                               
Microfiche Copies......................  5.1500 per copy                                                        
Microfilm Processing...................  5.4000 per roll                                                        
Microfilm Duplication..................  11.0000 per roll                                                       
Transportation.........................  Pass-through                                                           
----------------------------------------------------------------------------------------------------------------

[[Page 17822]]

                                                                                                                
                                          Statement Savings Processing                                          
----------------------------------------------------------------------------------------------------------------
Statements using Generic Envelopes.....  $0.1020 per envelope                                                   
Statements using Custom Envelopes......  0.1300 per envelope                                                    
Statements using Large Envelopes.......  0.5850 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.                                                                                                      
----------------------------------------------------------------------------------------------------------------
                                               Account Maintenance                                              
----------------------------------------------------------------------------------------------------------------
Demand Deposit Accounts................  $21.7500 per month, per account                                        
Cut-Off Statements.....................  10.0000 per statement                                                  
Telephone Balance Inquiry..............  2.0000 per telephone call                                              
Paper Advice of Transactions (DTS).....  1.0000 per account/statement                                           
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 (1997 NOW/DDA Services)

(Does not provide item processing services for third party accounts)

District 5.--Federal Home Loan Bank of Cincinnati (1997 NOW/DDA 
Services)

(Does not provide item processing services for third party accounts)

District 6.--Federal Home Loan Bank of Indianapolis (1997 NOW/DDA 
Services)

Cash Management Services

----------------------------------------------------------------------------------------------------------------
                                                                                                                
----------------------------------------------------------------------------------------------------------------
                                               Transaction Charges                                              
----------------------------------------------------------------------------------------------------------------
Paid Check charge..........................................  $0.16 per item                                     
Paper Advice...............................................  .065 per item                                      
Tape Advice................................................  .040 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                                                
Checks (Administration Fee)................................  .02 per item                                       
Special Cutoff.............................................  N/C                                                
Infoline...................................................  50.00 per month                                    
VRU (Voice Response).......................................  1.00 per inquiry                                   
Collected Balances Will Earn Interest at the CMS Daily Posted Rate.                                             
                                                                                                                
------------------------------------------------------------                                                    
                    NOW Account Services                                                                        
                                                                                                                
                    Transaction Charges                                                                         
----------------------------------------------------------------------------------------------------------------


                                                                                                                                                        
                                                                         Safekeeping       Turnaround  (Daily        Complete              Image *      
                                                                    ---------------------      or cycled)     ------------------------------------------
                          Monthly  volume                                                ---------------------                                    Per   
                                                                      Per item    Cost     Per item    Cost     Per item    Cost     Per item  statement
5,000..............................................................      $.053     $265.     $.0635    $317.5     $.0875    $437.5       $.06       $.40

[[Page 17823]]

                                                                                                                                                        
5,001-10,000.......................................................       .045      225.      .0585    .295.5      .0855     427.5        .06        .40
10,001-15,000......................................................       .044      220.      .0545     272.5      .0835     417.5        .06        .40
15,001-25,000......................................................       .039      390.      .0475     475.0      .0825     825.0        .06        .40
25,001-50,000......................................................       .038      950.      .0435   1,087.5      .0805   2,012.5        .06        .40
50,001-75,000......................................................       .034      850.      .0405   1,012.5      .0765   1,912.5        .06        .40
75,001-100,000.....................................................       .031      775.      .0375     937.5      .0755   1,887.5        .06        .40
100,001-and up.....................................................       .029  ........      .0345  ........      .0745  ........        .06        .40
--------------------------------------------------------------------------------------------------------------------------------------------------------
 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.                                                                                                                                            


----------------------------------------------------------------------------------------------------------------
                                                                                                                
----------------------------------------------------------------------------------------------------------------
                                             Ancillary Services Fees                                            
----------------------------------------------------------------------------------------------------------------
Large Dollar Signature Verification....................  $0.50                                                  
Over-the-counters and Microfilm........................  0.035                                                  
Return Items...........................................  2.15                                                   
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                                        
High Dollar Return Notification........................  N/C                                                    
Debit Entries..........................................  N/C                                                    
Credit Entries.........................................  N/C                                                    
Standard Stmt. Stuffers (up to 2) ***..................  N/C                                                    
                                                                                                                
** 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.                                             
----------------------------------------------------------------------------------------------------------------


                                                                                                                
                                                                                 Fee                            
                                             Wire Transfer Services                                             
----------------------------------------------------------------------------------------------------------------
In (Per transfer) Domestic........................  $4.00                                                       
Out (Per transfer) Domestic.......................  7.50                                                        
International Wires...............................  25.00                                                       
----------------------------------------------------------------------------------------------------------------
                                            Depository Transfer Checks                                          
----------------------------------------------------------------------------------------------------------------
Per Check.........................................  2.00                                                        
----------------------------------------------------------------------------------------------------------------
                                    Treasury Tax and Loan Settlement Services                                   
----------------------------------------------------------------------------------------------------------------
Per Transaction...................................  2.00                                                        
----------------------------------------------------------------------------------------------------------------
                                             Charge Card Transaction                                            
----------------------------------------------------------------------------------------------------------------
Per Transaction...................................  1.50                                                        
----------------------------------------------------------------------------------------------------------------
                                      Automated Clearing House (ACH) Service                                    
----------------------------------------------------------------------------------------------------------------
Tape Transmission.................................  8.50                                                        
    or Origination................................    .045 per item                                             
MACHA, INDEX......................................  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                                               
----------------------------------------------------------------------------------------------------------------
                                                Coin and Currency                                               
----------------------------------------------------------------------------------------------------------------
Deliveries--Indiana and Michigan Prices based on delivery location, excess bag fee (courier) and order          
 preparation.                                                                                                   
Cost will vary per institution:                                                                                 
    Returns.......................................  12.50                                                       

[[Page 17824]]

                                                                                                                
    Non-Transit Customer..........................  10.00                                                       
    Orders (Member uses own courier)..............  15.00                                                       
    Special Order *...............................  15.00                                                       
* Any order placed after normal order has been received and processed by Federal Home Loan Bank.                
----------------------------------------------------------------------------------------------------------------
                                          Proof and Transit Processing                                          
----------------------------------------------------------------------------------------------------------------
Pre-encoded Items:                                                                                              
    City..........................................  0.04 per item                                               
    RCPC..........................................  0.05 per item                                               
    Other Districts...............................  0.085 per item                                              
Unencoded.........................................  0.165 per item                                              
Food Stamp........................................  0.14 per item                                               
Photocopies *.....................................  2.50 per copy                                               
Adjustments on pre-encoded work...................  2.75 per error                                              
E Z Clear.........................................  0.14 per item                                               
Coupons...........................................  8.25 per envelope                                           
Collections.......................................  6.00 per item                                               
Cash Letter.......................................  2.00 per cash letter                                        
Deposit Adjustments...............................  0.30 per adjustment                                         
Debit Entries.....................................  N/C                                                         
Credit Entries....................................  N/C                                                         
Microfilming......................................  N/C                                                         
Mortgage Remittance (Basic Service)...............  0.35                                                        
Settlement Only...................................  100.00 per month                                            
    +Journal Entries..............................  3.00 each                                                   
Third Party Fedline...............................  0.50 each                                                   
Courier **                                          8.25 per location, per day, per pickup                      
    Marion County.................................                                                              
    Other.........................................  Prices vary per location                                    
* Multiple Photocopies (more than 50 per request) 15.00 hour.                                                   
** Includes branch work transfer and correspondence to and from Federal Home Loan Bank.                         
All Fees Subject to Change.                                                                                     
----------------------------------------------------------------------------------------------------------------


District 7.--Federal Home Loan Bank of Chicago (1997 NOW/DDA Services)

(Does not provide item processing services for third party accounts)

District 8.--Federal Home Loan Bank of Des Moines (1997 NOW/DDA 
Services)

(Services not provided)

District 9.--Federal Home Loan Bank of Dallas (1997 NOW/DDA Services)

(Services not provided)

District 10.--Federal Home Loan Bank of Topeka (1997 NOW/DDA Services)

Deposit/Cash Letter Processing
Deposit Processing Fees--Encoded Items

----------------------------------------------------------------------------------------------------------------
                            State                                Local        Local       Transit      Transit  
----------------------------------------------------------------------------------------------------------------
Colorado....................................................        $.015        $.031        $.040        $.059
Kansas......................................................         .015         .041         .040         .067
Nebraska....................................................         .015         .039         .040         .061
Oklahoma....................................................         .015         .038         .040         .057
----------------------------------------------------------------------------------------------------------------


Encoding, Amount Field Only.......................  $.023 per item                                              
Encoding, Multiple Fields.........................  .030 per item                                               
Rejects on Encoded Items..........................  .15 per item                                                
Returns/Redeposits................................  .80 per item                                                
Collections.......................................  10.00 per item                                              
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                                               
----------------------------------------------------------------------------------------------------------------
                                             Demand Deposit Account *                                           
----------------------------------------------------------------------------------------------------------------
                                        Full Service Demand Disbursement                                        
                                                                                                                
Cycled............................................  .15 per item                                                
Imaged............................................  .13 per item                                                
Truncated.........................................  .12 per item                                                
                                                                                                                

[[Page 17825]]

                                                                                                                
                                            Basic Demand Disbursement                                           
                                                                                                                
Cycled............................................  .11 per item                                                
Imaged............................................  .09 per item                                                
Truncated.........................................  .08 per item                                                
Maintenance Fee...................................  25 per month                                                
Debit.............................................  .15 per item                                                
Credit............................................  .15 per item                                                
Large Item Return Notification....................  3 per item                                                  
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                                                     
                                           Proof of Deposit Processing                                          
----------------------------------------------------------------------------------------------------------------


----------------------------------------------------------------------------------------------------------------
                                                                  Data                                 Account  
                       Items per month                          capture      Archival      Cycle         sort   
----------------------------------------------------------------------------------------------------------------
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                                   
----------------------------------------------------------------------------------------------------------------
                                                 Item Processing                                                
                                                                                                                
                                                 Inclearing Fees                                                
----------------------------------------------------------------------------------------------------------------
1-50,000....................................................         .009         .012         .009         .010
                                    * Truncated.--$.021        Cycled.--$.038                                   
50,001-100,000..............................................         .006         .012         .006         .010
                                    * Truncated.--$.018        Cycled.--$.032                                   
100,001-150,000.............................................         .004         .010         .004         .008
                                    * Truncated.--$.014        Cycled.--$.024                                   
150,001-250,000.............................................         .003         .010         .003         .008
                                    * Truncated.--$.013        Cycled.--$.022                                   
250,001-500,000.............................................         .002         .010         .002         .008
                                    * Truncated.--$.012        Cycled.--$.020                                   
500,001-above...............................................         .002         .009         .002         .008
                                    * Truncated.--$.011        Cycled.--$.019                                   
                                                                                                                
* Truncated includes the data capture and archival categories. Cycled includes the data capture, archival, cycle
 and account sort categories.                                                                                   
----------------------------------------------------------------------------------------------------------------
                                                Return Item Fees                                                
----------------------------------------------------------------------------------------------------------------


                                                                                                                
----------------------------------------------------------------------------------------------------------------
                            State                                 City         RCPC       Country      Transit  
----------------------------------------------------------------------------------------------------------------
Colorado....................................................         $.19         $.29         $.35         $.73
Kansas......................................................          .15          .15          .30          .73
Nebraska....................................................          .25          .31          .37          .73
Oklahoma....................................................          .16          .20          .22          .73
----------------------------------------------------------------------------------------------------------------


Item Pull..................................................  $.86                                               

[[Page 17826]]

                                                                                                                
Item Qualification.........................................  .25                                                
Settlement with Processing.................................  No charge                                          
Settlement Only............................................  100 per month                                      
Large Item Return Notification.............................  3 per item                                         
Facsimile..................................................  1.75 per item                                      
                          Archival                                                                              
Item Retrieval (photocopy).................................  2.25 per item                                      
Mass Photocopy Requests $12 per hour +.....................  .15 per item                                       
Over-the-Counter Items.....................................  .03 per item                                       
                    Statement Processing                                                                        
Truncated Statement........................................  .08                                                
Imaged Statement...........................................  .12                                                
Cycled Statement...........................................  .24                                                
EOM Statement Premium......................................  .04                                                
Per Insert (first insert is free)..........................  .01                                                
                     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                                                                         
Multiple Account...........................................  250 per month                                      
Report Print Back..........................................  250 per month                                      
Custom Programming/Conversions.............................  120 per hour                                       
----------------------------------------------------------------------------------------------------------------

District 11.--Federal Home Loan Bank of San Francisco (1997 NOW/DDA 
Services)

(Does not provide item processing for third party accounts)

District 12.--Federal Home Loan Bank of Seattle (1997 NOW/DDA Services)

(Does not provide item processing for third party accounts)
    By the Federal Housing Finance Board.

    Dated: April 3, 1997.
Bruce A. Morrison,
Chairman.
[FR Doc. 97-9302 Filed 4-10-97; 8:45 am]
BILLING CODE 6725-01-P