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‘‘(ii) the distribution of such earnings 
to the depository institutions which main-
tain balances at such banks or on whose 
behalf such balances are maintained; and 
‘‘(iii) the responsibilities of depository 
institutions, Federal home loan banks, and 
the National Credit Union Administration 
Central Liquidity Facility with respect to 
the crediting and distribution of earnings 
attributable to balances maintained, in ac-
cordance with subsection (c)(1)(A), in a 
Federal reserve bank by any such entity on 
behalf of depository institutions. 
‘‘(C) 
DEPOSITORY
INSTITUTIONS
DE-
FINED.—For purposes of this paragraph, the 
term ‘depository institution’, in addition to the 
institutions described in paragraph (1)(A), in-
cludes any trust company, corporation orga-
nized under section 25A or having an agree-
ment with the Board under section 25, or any 
branch or agency of a foreign bank (as defined 
in section 1(b) of the International Banking Act 
of 1978).’’. 
(b) AUTHORIZATION FOR PASS THROUGH RESERVES 
FOR MEMBER BANKS.—Section 19(c)(1)(B) of the Fed-
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eral Reserve Act (12 U.S.C. 461(c)(1)(B)) is amended by 
striking ‘‘which is not a member bank’’. 
(c) CONSUMER BANKING COSTS ASSESSMENT.— 
(1) IN
GENERAL.—The Federal Reserve Act 
(12 U.S.C. 221 et seq.) is amended— 
(A) by redesignating sections 30 and 31 as 
sections 31 and 32, respectively; and 
(B) by inserting after section 29 the fol-
lowing new section: 
‘‘SEC. 30. SURVEY OF BANK FEES AND SERVICES. 
‘‘(a) ANNUAL SURVEY REQUIRED.—The Board of 
Governors of the Federal Reserve System shall obtain an-
nually a sample, which is representative by type and size 
of the institution (including small institutions) and geo-
graphic location, of the following retail banking services 
and products provided by insured depository institutions 
and insured credit unions (along with related fees and 
minimum balances): 
‘‘(1) Checking and other transaction accounts. 
‘‘(2) Negotiable order of withdrawal and sav-
ings accounts. 
‘‘(3) Automated teller machine transactions. 
‘‘(4) Other electronic transactions.
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‘‘(b) MINIMUM SURVEY REQUIREMENT.—The annual 
survey described in subsection (a) shall meet the following 
minimum requirements: 
‘‘(1) CHECKING AND OTHER TRANSACTION AC-
COUNTS.—Data on checking and transaction ac-
counts shall include, at a minimum, the following: 
‘‘(A) Monthly and annual fees and min-
imum balances to avoid such fees. 
‘‘(B) Minimum opening balances. 
‘‘(C) Check processing fees. 
‘‘(D) Check printing fees. 
‘‘(E) Balance inquiry fees. 
‘‘(F) Fees imposed for using a teller or 
other institution employee. 
‘‘(G) Stop payment order fees. 
‘‘(H) Nonsufficient fund fees. 
‘‘(I) Overdraft fees. 
‘‘(J) Fees imposed in connection with 
bounced-check protection and overdraft protec-
tion programs. 
‘‘(K) Deposit items returned fees. 
‘‘(L) Availability of no-cost or low-cost ac-
counts for consumers who maintain low bal-
ances.
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‘‘(2) NEGOTIABLE ORDER OF WITHDRAWAL AC-
COUNTS AND SAVINGS ACCOUNTS.—Data on nego-
tiable order of withdrawal accounts and savings ac-
counts shall include, at a minimum, the following: 
‘‘(A) Monthly and annual fees and min-
imum balances to avoid such fees. 
‘‘(B) Minimum opening balances. 
‘‘(C) Rate at which interest is paid to con-
sumers. 
‘‘(D) Check processing fees for negotiable 
order of withdrawal accounts. 
‘‘(E) Fees imposed for using a teller or 
other institution employee. 
‘‘(F) Availability of no-cost or low-cost ac-
counts for consumers who maintain low bal-
ances. 
‘‘(3) AUTOMATED
TELLER
TRANSACTIONS.— 
Data on automated teller machine transactions shall 
include, at a minimum, the following: 
‘‘(A) Monthly and annual fees. 
‘‘(B) Card fees. 
‘‘(C) Fees charged to customers for with-
drawals, deposits, and balance inquiries through 
institution-owned machines.