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Fed Announces 2013 Fee Schedules

Posted on 10/31/2012

The Federal Reserve's 2013 fee schedules for priced services that go into effect Jan. 2 are expected to be less than 1 percent higher than 2012, and the agency expects to make a 2.7 percent profit, the Fed said yesterday.

The average fee paid to collect checks using the Reserve Banks' Check 21 services is expected to decline 4 percent, and the average fee for electronic return services will decline about 3 percent, the agency said.

Fees on FedACH service will decline marginally, while fees on Fedwire Funds and National Settlement Services will increase about 7 percent. Fedwire Securities Service fees will increase about 9 percent, and FedLine access fees will also see a modest increase.

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