[Federal Register Volume 59, Number 154 (Thursday, August 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-19498]


[[Page Unknown]]

[Federal Register: August 11, 1994]


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FEDERAL HOUSING FINANCE BOARD

[No. 94-NO3]

 

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 member 
and other eligible institutions.

EFFECTIVE DATE: August 11, 1994.

FOR FURTHER INFORMATION CONTACT: Gary B. Townsend, Deputy Director, 
Examinations and Regulatory Oversight Division, (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 provides for the 
publication in the Federal Register of all prices for Bank services. 
The following is a schedule of prices for such services charged by each 
Bank:

District 1.--Federal Home Loan Bank of Boston (1994 NOW/DDA Services)

(Services not provided)

District 2.--Federal Home Loan Bank of New York (1994 NOW/DDA Services)

(Services not provided)

District 3.--Federal Home Loan Bank of Pittsburgh (1994 NOW/DDA 
Services)

Deposit Processing Service (DPS)

DPS Deposit Tickets  $0.5300 per deposit
Printing of Deposit Tickets  Pass-through 

                   Deposit Items Processed for volumes of:                     Pricing varies--tiered by monthly
                                                                                             volume             
1-25,000.....................................................................  0.0345 per item (transit)        
25,001-58,500................................................................  0.0339 per item (transit)        
58,501-91,500................................................................  0.0334 per item (transit)        
91,501-125,00................................................................  0.0328 per item (transit)        
125,001-158,500..............................................................  0.0323 per item (transit)        
158,501-191,500..............................................................  0.0317 per item (transit)        
191,501-over.................................................................  0.0312 per item (transit)        
                                                                                                                
                 Deposit Items Encoded (West) for volumes of:                  Pricing varies--tiered by monthly
                                                                                             volume             
1-25,000.....................................................................  $0.0292 per item                 
25,001-58,500................................................................  0.0287 per item                  
58,501-91,500................................................................  0.0282 per item                  
91,501-125,000...............................................................  0.0277 per item                  
125,001-158,500..............................................................  0.0272 per item                  
158,501-191,500..............................................................  0.0267 per item                  
191,501-over.................................................................  0.0262 per item                  
                                                                                                                
                 Deposit Items Encoded (East) for volumes of:                  Pricing varies--tiered by monthly
                                                                                             volume             
1-25,000.....................................................................  $0.0313 per item                 
25,001-58,500................................................................  0.0308 per item                  
58,501-91,500................................................................  0.0303 per item                  
91,501-125,000...............................................................  0.0298 per item                  
125,001-158,500..............................................................  0.0293 per item                  
158,501-191,500..............................................................  0.0288 per item                  
191,501-over.................................................................  0.0283 per item                  
Deposit Items Returned.......................................................  1.7500 per item                  
Deposit Items Photocopied....................................................  3.5000 per photocopy             
DPS Photocopies-Subpoena.....................................................  18.0000 per hour of processing   
                                                                                time, plus 0.2000 per photocopy 
Deposit Items Rejected.......................................................  0.2300 per rejected item         
                                                                                (applicable to pre-encoded      
                                                                                deposits only)                  
DPS Transportation (West)....................................................  8.0000 per pickup                
DPS Transportation (East)....................................................  8.2500 per pickup                
Return Check Courier Service.................................................  115.5000 per month               
                                                                                                                
                                          Depository Account Services                                           
                                                                                                                
Mail Deposits................................................................  $5.0000 per deposit              
    ``On-Us'' Returns Deposited:                                                                                
        Qualified Returns....................................................  0.4300 per item                  
        Raw Returns..........................................................  1.5000 per item                  
    Bond Coupon Collection...................................................  5.5000 per envelope              
    Bond Coupon Returns......................................................  12.0000 per coupon               
    Bond Collection:                                                                                            
        Bearer...............................................................  23.0000 per bond                 
        Registered...........................................................  29.0000 per bond                 
    Deposit Transfer Vouchers................................................  5.0000 per item                  
    Request for Fax / Photocopy..............................................  3.0000 per document              
    Foreign Item Collection..................................................  Pass-through                     
                                                                                                                
                                           Electronic Funds Transfers                                           
                                                                                                                
Incoming Wire Transfers......................................................  $6.0000 per transfer             
Outgoing Wire Transfers......................................................  9.0000 per transfer              
Foreign Wire Surcharge.......................................................  30.0000 per transfer*            
Expected Wires Not Received..................................................  Penalty Assessed**               
ACH Transaction Settlement (CR)..............................................  0.2500 per transaction           
ACH Transaction Settlement (DR)..............................................  0.2500 per transaction           
ACH Origination..............................................................  To Be Announced                  
ACH Returns/NOC's--Facsimile.................................................  1.7500 per transaction           
ACH Returns/NOC's--Telephone.................................................  2.7500 per transaction           
ACH/FRB Priced Service Charges...............................................  0.2500 per transaction           
                                                                                                                
*Note: The amount of this surcharge will be added to the amount of the outgoing funds transfer to produce a     
 single total debit to be charged to the customers 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)...............................................  $0.5300 per transaction          
FRB Statement Transaction (DR)...............................................  0.5300 per transaction           
Reserve Requirement Pass-Thru................................................  15.0000 per month (active)       
Correspondent Transaction (DR)...............................................  0.5300 per transaction           
Direct Send Settlement.......................................................  132.0000 per month               
FRB Inclearing Settlement....................................................  132.0000 per month               
                                                                                                                
                                            Demand Deposit Services                                             
                                                                                                                
Clearing Items Processed.....................................................  $0.1300 per item                 
Clearing Items Fine Sorted (for return with Bank statements).................  0.0630 per item                  
Reconcilement Copies--Manual.................................................  0.0790 per copy                  
Reconcilement Copies--MagTape................................................  0.0480 per copy                  
Reconcilement Copies--Voided.................................................  0.0320 per copy                  
Check Photocopies--Mail......................................................  3.5000 per photocopy             
Check Photocopies--Telephone / Fax...........................................  4.2500 per photocopy             
Check Photocopies--Subpoena..................................................  0.5000 per photocopy             
Stop Payment Orders..........................................................  15.7500 per item                 
FRB Return Items.............................................................  0.4300 per item                  
FRB Return Items Over $2,500.................................................  6.0000 per item                  
Collections & Forgeries......................................................  15.0000 per item                 
Imprinting of Standard Checks................................................  0.0950 per item                  
Non-Standard Imprinting......................................................  Pass-through                     
Microfiche Copies............................................................  5.0000 per copy                  
Cut-Off Statements...........................................................  10.0000 per statement            
Paper Advice of Transactions (DTS)...........................................  1.0000 per statement             
                                                                                                                

Proof Of Deposit (POD) Service

    Provides for outsourcing of all over-the-counter MICR document 
processing.
    Pricing is customer-specific, based upon individual service 
requirements; please call your Marketing representative at (800) 
288-3400 for further information. 

                                 Coin & Currency Service: Western Service Area                                  
                                                                                                                
Currency Orders..............................................................  $0.3500 per $1,000*              
Coin Orders..................................................................  2.0000 per box                   
Currency Deposits............................................................  1.1500 per $1,000*               
Coin Deposits................................................................  1.8000 per standard bag          
Coin Deposits (Non-Standard).................................................  2.5000 per non-standard bag      
Coin Deposits (Unsorted).....................................................  8.0000 per mixed bag             
Food Stamp Deposits..........................................................  1.8000 per $1,000*               
Coin Shipment Surcharge......................................................  0.2500 per excess bag**          
C&C Transportation (Zone W1).................................................  14.9500 per stop                 
C&C Transportation (Zone W2).................................................  26.0000 per stop                 
C&C Transportation (Zone W3).................................................  35.0000 per stop                 
C&C Transportation (Zone W4).................................................  Negotiable***                    
                                                                                                                
                                  Coin & Currency Service: Eastern Service Area                                 
                                                                                                                
Currency Orders..............................................................  $0.2500 per $1,000*              
Coin Orders..................................................................  2.6000 per box                   
Currency Deposits............................................................  1.1500 per $1,000*               
Coin Deposits................................................................  1.8000 per standard bag          
Coin Deposits (Non-Standard).................................................  2.5000 per non-standard bag      
Coin Deposits................................................................  (Unsorted) 8.0000 per mixed bag  
Food Stamp Deposits..........................................................  1.8000 per $1,000*               
Coin Shipment Surcharge......................................................  0.2500 per excess bag**          
C&C Transportation (Zone E1).................................................  23.2500 per stop                 
C&C Transportation (Zone E2).................................................  32.5000 per stop                 
C&C Transportation (Zone E3).................................................  50.0000 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.....................................................................  $0.0406 per item                 
25,001-58,500................................................................  0.0381 per item                  
58,501-91,500................................................................  0.0356 per item                  
91,501-125,000...............................................................  0.0331 per item                  
125,001-158,500..............................................................  0.0306 per item                  
158,501-191,500..............................................................  0.0281 per item                  
191,501-350,000..............................................................  0.0256 per item                  
350,001-500,000..............................................................  0.0231 per item                  
500,001-over.................................................................  0.0206 per item                  
                                                                                                                
                                 Full Backroom Service (Item Processing Charges)                                
                                                                                                                
                     Non-Truncated Checks for volumes of:                      Pricing varies--tiered by monthly
                                                                                             volume             
1-25,000.....................................................................  $0.0531 per item                 
25,001-58,500................................................................  0.0516 per item                  
58,501-91,500................................................................  0.0501 per item                  
91,501-125,000...............................................................  0.0486 per item                  
125,001-158,500..............................................................  0.0471 per item                  
158,501-191,500..............................................................  0.0456 per item                  
191,501-350,000..............................................................  0.0441 per item                  
350,001-500,000..............................................................  0.0416 per item                  
500,001-over.................................................................  0.0391 per item                  
                                                                                                                
                       Truncated Checks for volumes of:                        Pricing varies--tiered by monthly
                                                                                             volume             
1-25,000.....................................................................  $0.0427 per item                 
25,001-58,500................................................................  0.0412 per item                  
58,501-91,500................................................................  0.0397 per item                  
91,501-125,000...............................................................  0.0382 per item                  
125,001-158,500..............................................................  0.0367 per item                  
158,501-191,500..............................................................  0.0352 per item                  
191,501-350,000..............................................................  0.0337 per item                  
350,001-500,000..............................................................  0.0312 per item                  
500,001-over.................................................................  0.0287 per item                  
                                                                                                                
                               Modified Backroom Service (Item Processing Charges)                              
                                                                                                                
                     Non-Truncated Checks for volumes of:                      Pricing varies--tiered by monthly
                                                                                             volume             
1-25,000.....................................................................  $0.0428 per item                 
25,001-58,500................................................................  0.0413 per item                  
58,501-91,500................................................................  0.0398 per item                  
91,501-125,000...............................................................  0.0383 per item                  
125,001-158,500..............................................................  0.0368 per item                  
158,501-191,500..............................................................  0.0353 per item                  
191,501-350,000..............................................................  0.0338 per item                  
350,001-500,000..............................................................  0.0313 per item                  
500,001-over.................................................................  0.0288 per item                  
                                                                                                                
                       Truncated Checks for volumes of:                        Pricing varies--tiered by monthly
                                                                                             volume             
1-25,000.....................................................................  $0.0323 per item                 
25,001-58,500................................................................  0.0308 per item                  
58,501-91,500................................................................  0.0293 per item                  
91,501-125,000...............................................................  0.0278 per item                  
125,001-158,500..............................................................  0.0263 per item                  
158,501-191,500..............................................................  0.0248 per item                  
191,501-350,000..............................................................  0.0233 per item                  
350,001-500,000..............................................................  0.0208 per item                  
500,001-over.................................................................  0.0183 per item                  
                                                                                                                
                                     Check Processing (Associated Services)                                     
                                                                                                                
Over-The-Counter Items.......................................................  $0.1700 per item                 
Mid-Cycle Statement (Purged).................................................  0.5000 per item (Min $2.50)      
Mid-Cycle Stmt. (Non-Purged).................................................  2.5000 per statement             
Special Cycle Sorting........................................................  0.0200 per item                  
Selective Statement Stuffing.................................................  0.0650 per statement             
Additional Statement Inserts.................................................  0.0500 per statement (applicable 
                                                                                to statements containing more   
                                                                                than two inserts)               
Check (NOW) Statement Processing:                                                                               
    Statements using Small Envelopes.........................................  0.0550 per envelope              
    Statements using Custom Envelopes........................................  0.0900 per envelope              
    Statements using Large Envelopes.........................................  0.5200 per envelope              
Daily Report Postage.........................................................  Pass-through                     
Statement Postage............................................................  Pass-through                     
Standard Return Calls........................................................  1.0500 per item                  
Automated Return Calls.......................................................  0.2500 per item                  
FHLBLink Return Calls........................................................  0.8900 per item                  
Late Return Calls............................................................  2.1000 per item                  
FRB Return Items.............................................................  0.4300 per item                  
FRB Return Items Over $2,500.................................................  6.0000 per item                  
Check Photocopies--Mail......................................................  3.5000 per photocopy             
Check Photocopies--Telephone/Fax.............................................  4.2500 per photocopy             
Check Photocopies--Subpoena..................................................  0.5000 per photocopy             
Check Retrieval..............................................................  1.5000 per item                  
MICRSort Option (Fixed Fee)..................................................  25.0000 per month                
MICRSort Option (per item)...................................................  0.0300 per item                  
Check Reconcilement Service..................................................  (See Separate Section)           
Collections & Forgeries......................................................  15.0000 per item                 
MCPJ Microfiche Service......................................................  0.0010 per item (Min. $15.00,    
                                                                                Max. $50.00)                    
Microfiche Copies............................................................  5.0000 per copy                  
Microfilm Processing.........................................................  5.0000 per roll                  
Microfilm Duplication........................................................  10.5000 per item                 
Transportation...............................................................  Pass-through                     
                                                                                                                
                                          Statement Savings Processing                                          
                                                                                                                
Statements using Small Envelopes.............................................  $0.0850 per envelope             
Statements using Custom Envelopes............................................  0.1200 per item                  
Statements using Large Envelopes.............................................  0.5500 per item                  
                                                                                                                
                                           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......................................................  $21.0000 per month, per account  
Audit Confirmation...........................................................  10.0000 per request, per account 
                                                                                                                

Account Overdraft Penalty

    Greater of $75.00 and 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 (1994 NOW/DDA Services)

Demand Deposit Service Fees 

                                                                                                                
                                   Service                                               Fee Per Item           
                                                                                                                
Maintenance Fee (per Daily Investment Account):                                                                 
    Member...................................................................  $10.00/month                     
    Non-Member...............................................................  20.00/month                      
    (Collected funds are automatically invested to earn a competitive rate.)                                    
Checks Paid:                                                                                                    
    Monthly Statement: Items Finesorted into Check Number Order..............  .12                              
    Monthly Statement: Items Truncated.......................................  .08                              
Statements:                                                                                                     
    One Per Account Per Month................................................  No charge                        
    Additional / Interim Statements..........................................  2.50                             
Photocopies:                                                                   2.50                             
    (Demand items / statements / advices)                                                                       
Stop Payment--DIAL...........................................................  15.00                            
Non-DIAL.....................................................................  18.00                            
Range Stop Payments--per item returned.......................................  15.00                            
Without Entry Items..........................................................  4.50                             
Deposit Transfer Checks (DTC)................................................  4.00                             
Wire Transfers:                                                                                                 
    Incoming.................................................................  3.50                             
    Outgoing.................................................................  5.00                             
    Phone Advice (per wire)..................................................  2.50                             
    Interbank Transfer (per debit and credit)................................  2.50                             
    Facsimile Advice (per wire)..............................................  2.50                             
Account Reconciliation:                                                                                         
    Full Reconciliation, Magnetic Tape ($50.00/month plus)...................  $.0325/issue\1\                  
  Full Reconciliation, Paper Issue ($50.00/month plus):                                                         
        Encoded Amounts......................................................  .0475/issue\1\                   
        Unencoded Amounts....................................................  .0700/issue                      
    Partial Reconciliation ($25.00/month plus)...............................  .03                              
    Range Reconciliation ($25.00/month plus).................................  .03                              
DDA Paid Items Tape ($15.00/tape plus).......................................  .03                              
DDA Paid Items Transmission:                                                                                    
    Daily ($100.00/month plus)...............................................  .03                              
    Weekly ($15.00/week plus)................................................  .03                              
Alternative Demand Disbursement Service......................................  Negotiated                       
    Free checks, stop payments, photocopies and supplies Earnings and/or                                        
     pricing based on average dollar amount of issued items and number of                                       
     days outstanding                                                                                           
Deposit Processing Service:                                                                                     
    Deposits.................................................................  .25                              
    Unencoded Checks.........................................................  .08                              
    Encoded Checks...........................................................  .05                              
    Foreign Checks...........................................................  10.00                            
    Bond Coupons (per envelope)..............................................  10.00                            
    Deposited Checks Returned................................................  3.00                             
Automated Clearing House (ACH) Services:                                                                        
    Origination ($30.00 per tape plus).......................................  .07                              
    Receiving ($100.00 settlement per month plus)............................  .10                              
    On-us Items..............................................................  .05                              
    ACH Return Items/Notification of Changes.................................  1.50                             
Settlement Only Services:                                                                                       
    Automated Clearing House (ACH)...........................................  100.00/month                     
    Currency and Coin........................................................  100.00/month                     
    Deposit of Items at Fed..................................................  100.00/month                     
    Checks/NOW...............................................................  100.00/month                     
Multiple Settlement Services Discount:                                                                          
    1 Service................................................................  100.00                           
    2 Services (10%).........................................................  180.00                           
    3 Services (15%).........................................................  255.00                           
    4 Services (20%).........................................................  320.00                           
Other Settlement Services:                                                                                      
    Treasury, Tax and Loan (TT&L)............................................  $3.50/entry                      
    Savings Bonds............................................................  1.00/entry                       
    Non-cash Collections.....................................................  3.50/entry                       
    Currency and Coin........................................................  3.50/entry                       
Audit Confirmations (per request)............................................  15.00                            
Custodial Mortgage Account:                                                                                     
    DIAL Transfers; 1-50 accounts............................................  10.00/account\2\                 
    DIAL Transfers; over 50 accounts.........................................  5.00/account\2\                  
    No DIAL Transfers........................................................  20.00/account\2\                 
    Automated Wire Service...................................................  9.00/wire                        
                                                                                                                
Notes for Demand Deposit Services:                                                                              
Overdraft charge calculated at 5% over current short-term variable rate; minimum charge of $75.                 
Special research requests of 12 or more items will be charged at $30 per man-hour plus $1 per item.             
Microfilm can be provided at a cost of $35 per roll plus one cent per item.                                     
Magnetic tapes not returned to Bank within 90 days will be billed at $12 per tape.                              
\1\Fifty dollars for first reconciled account; $25 for each additional account.                                 
\2\No monthly charge on check disbursement accounts; regular paid check fees apply.                             

Securities Safekeeping Fees 

                                                                        
                                             Fed (Book     Non-Fed (Book
            Billing category                  Entry)          Entry)    
                                                                        
Purchases--Versus Payment...............          $12.00          $40.00
Purchases--Free.........................           15.00           48.00
Sales--Versus Payment...................           12.00           40.00
Sales--Free.............................           15.00           48.00
Maturities..............................           10.00           10.00
Interest Payments.......................            4.00            6.00
Mortgage-backed Securities (Principal &                                 
 Interest)..............................            5.00            6.00
Sales Rekey Fee.........................            5.00  ..............
Account Maintenance (monthly charge per                                 
 issue based on average held)...........            3.00            5.00
Pledge/Release Transactions.............           25.00          25.00 
                                                                        

Check Processing Fees 

                                                                                                                
               Service                             Items per month                       Fee per item           
                                                                                                                
Daily Delivery........................  1-25,000.............................  $.035                            
                                        Over 25,000..........................  .030                             
Bulk Filing...........................  1-50,000.............................  .042                             
                                        50,001-100,000.......................  .036                             
                                        Over 100,000.........................  .027                             
Statement Matching....................  1-50,000.............................  .067                             
                                        50,001-100,000.......................  .061                             
                                        Over 100,000.........................  .052                             
Truncation............................  1-150,000............................  .020                             
                                        Over 150,000.........................  .015                             
Special Statements (IRA, Savings,       .....................................  .05/statement\1\                 
 etc.).                                                                                                         
Truncated Statements..................  .....................................  .05/statement\1\                 
Statement Inserts.....................  .....................................  .02/insert                       
Statement Inserts (Special              .....................................  .05/insert                       
 Instructions).                                                                                                 
No Mail/Special Pull Statements.......  .....................................  .10/statement                    
Special Statement Sort................  .....................................  25.00/hour\2\                    
                                                                                                                
           Special Services                                                                                     
                                                                                                                
Statement Rendering (In-house                                                                                   
 Processors):                                                                                                   
    Account Number Finesort...........  .....................................  .020                             
    Cyclesort.........................  .....................................  .015                             
    Statement Rendering...............  .....................................  .25/statement                    
Return Items--DIAL....................  1-50.................................  3.00                             
    (total monthly volume)............  51-250...............................  2.75                             
                                        Over 250.............................  2.50                             
        Non-DIAL......................  .....................................  3.40                             
Large-Dollar Return Items.............  .....................................  4.50                             
Delayed Return Items..................  .....................................  4.50                             
Facsimile:                                                                                                      
    Large-Dollar......................  .....................................  1.50                             
    On Request........................  .....................................  2.00                             
    Account Number Rejects............  .....................................  2.50                             
Over-the-Counter Items................  .....................................  .035                             
Photocopies...........................  .....................................  2.00                             
Without Entry Items...................  .....................................  4.50                             
Finesort (Check Number) Special                                                                                 
 Accounts:                                                                                                      
    Six accounts or less ($25.00/month  .....................................  .020                             
     plus).                                                                                                     
    Over 6 accounts ($50.00/month       .....................................  .020                             
     plus).                                                                                                     
    Prime Rejects ($0.25 per item over  .....................................  .25                              
     2% reject rate).                                                                                           
    Exception Statements:                                                                                       
        Level I.......................  .....................................  No charge                        
        Level II......................  .....................................  .50/statement                    
Special Handling:                                                                                               
    (if required by 2 or more account   .....................................  500.00/month                     
     number formats resulting from                                                                              
     mergers, conversions, branch                                                                               
     acquisitions, etc.; charging will                                                                          
     begin 3 months after effective                                                                             
     date if still required).                                                                                   
Custom Coding:                                                                                                  
    (for mergers, branch acquisitions   .....................................  100.00/hour                      
     and sales, etc.).                                                                                          
Microfilm.............................  .....................................  35.00/roll plus .01/item         
Special Research Requests.............  .....................................  3.00/item                        
    Pull Original Truncation Items      .....................................  30.00/hour plus 1.00/item        
     from File.                                                                                                 
    Research Request for 12 or More     .....................................  30.00/hour plus 1.00/item        
     Items.                                                                                                     
                                                                                                                
           Contract Options                                                                                     
                                                                                                                
Term Contract Discounts...............  .....................................  1 year--10%                      
                                        .....................................  2 years--12%                     
                                        .....................................  3 years--15%                     
Short Term Processing (less than 1      .....................................  15% premium added to monthly fees
 year).                                                                                                         
                                                                                                                
Notes for Check Processing Fees:                                                                                
Minimum monthly billing fee is $200. Prices for all options include data transmission.                          
Delivery expense and postage are charged at cost.                                                               
Per item prices for Daily Delivery, Bulk Filing, Statement Matching and Truncation services are stand-alone     
  charges, not incremental fees.                                                                                
\1\Charge of $.15 per statement for all statements in cycle if truncated/special statements are commingled with 
  regular statements.                                                                                           
\2\Applicable if manual sorting of statements into account number order is required prior to matching.          

Disaster Recovery Service Fees

    The Bank offers a back-up operational facility to financial 
institutions with in-house item processing systems in the event of a 
disaster. Within 24 hours following notification of an emergency 
situation, the Bank can accommodate your processing needs. Items 
processed are charged based on standard fees. One annual test 
provided at no charge; additional testing will be charged at $250 
per test. 

                                                                                                                
                                                                                   Monthly maintenance fee      
  Subscription fee (one-time charge)     Service activation (per disaster)                                      
     based on monthly item volume           $2,000 plus daily usage fee*         1 Yr.       2 Yr.       3 Yr.  
                                                                               contract    contract    contract 
                                                                                                                
$5001-50,000.........................  2nd week $500........................        $300        $250        $200
75050,0001-100,000...................  3rd week 750.........................                                    
1,000Over 100,000....................  4th week 1,000.......................                                    
                                       5th week 1,250.......................                                    
                                       6th week 1,500 ......................                                    
                                                                                                                
*Daily Usage Fee applicable beginning with 2nd week of processing; six-week maximum.                            

On-Line and Manual Information Reporting Fees 

                                                                                                                
                                   Service                                                    Fee               
                                                                                                                
DIAL (Direct Information Access Link)                                                                           
    Up to two hours connection time per month per customer for general         No charge                        
     inquiries and transactions.                                                                                
    Additional Per Minute Charge.............................................  $.45                             
    Manual Balance and Information                                                                              
        Reporting Per Call...................................................  10.00                            
                                                                                                                

CRA Geographics

    This service uses maps, overlays, and statistical analysis to 
assist customers in delineating their community, defining its credit 
needs, and marketing their services to meet those needs.

                                                                                                                
                           Number of census tracts                                  Price per census tract*     
                                                                                                                
Basic Report (HMDA data analysis)                                                                               
    1-60.....................................................................  $19.50 (minimum of $900)         
    61-150...................................................................  16.00                            
    151-300..................................................................  11.50                            
    301-600..................................................................  7.25                             
    More than 600............................................................  Negotiable                       
    Rural Reports............................................................  $500 per county                  
    Enhancements (e.g., commercial loan analysis)............................  15 percent of basic report price 
                                                                                                                
*Discounts for Federal Home Loan Bank members: 10% for 2 years; 20% for 3 years.                                

Document Custody Service Fees 

Warehouse Short-Term Custody                                                                                    
    Review and Certification Fee.............................................  $3.50/loan                       
    Release Fee..............................................................  2.00/loan                        
Long-Term Custody                                                                                               
    Transfer Fee (from short-term custody)...................................  $1.00/loan                       
    Release Fee..............................................................  2.00/loan                        
    Monthly Safekeeping Fee..................................................  .25/loan                         
    Non-Warehouse Certification Fees:                                                                           
        FHLMC Certification..................................................  $2.50/loan                       
        FNMA Certification...................................................  3.00/loan                        
        GNMA Certification--Initial..........................................  2.50/loan                        
        GNMA Certification--Final............................................  2.00/loan                        
Bulk Transfer Fee............................................................  Negotiable                       
                                                                                                                

Interest Rate Risk Service

    This asset/liability management service, which helps members 
measure the sensitivity of market value of portfolio equity and net 
interest income to interest rate changes, includes quarterly 
Sensitivity Reports, Peer Group Reports, and Strategies Reports, 
plus telephone access to the Bank's staff of interest rate risk 
experts. 

Fees depend on institution's tangible asset size:                                                               
    Less than $50 million....................................................  $300/quarter                     
    $50 million to $250 million..............................................  400/quarter                      
    Greater than $250 million................................................  500/quarter                      
Interest Sensitive Gap Report based upon subscriber-provided Maturity and      100/quarter                      
 Rate (MR) information. Produced on request for Interest Rate Risk Service                                      
 subscribers..                                                                                                  
                                                                                                                

Comparative Performance Report

    This service gives members a clear picture of how their 
performance compares with that of their industry peers and 
competitors. Fee includes four quarterly reports and telephone 
consultation on tables in reports.

Subscription fee: $350/year

District 5.--Federal Home Loan Bank of Cincinnati (1994 NOW/DDA 
Services)

Demand Deposit Account 

Paid Items...................................................................  $0.14                            
Advice Reconciliation........................................................  0.06                             
Magnetic Tape Reconciliation.................................................  0.06                             
Stop Payments................................................................  10.00                            
Wire Transfers--In...........................................................  2.00                             
Wire Transfers--In with Telephone Confirmation...............................  4.00                             
Wire Transfers--Out..........................................................  5.00                             
Charges......................................................................  0.15                             
Credits......................................................................  0.15                             
Photocopies..................................................................  1.00                             
Fine Sorting.................................................................  0.01                             
Large Dollar Return Notification.............................................  2.00                             
Check and Money Order Truncation.............................................  No Charge                        
ACH Return and Notification of Change........................................  1.00                             
Facsimile Transmission of ACH Detail and Advices.............................  1.00 per page                    
                                                                               ($10.00 monthly minimum) 10.00/  
                                                                                mo./acct.                       
Custodial Account Maintenance                                                                                   
Settlement Agent with Federal Reserve:                                                                          
    ACH......................................................................  $100.00/active month             
    Treasury Tax and Loan....................................................  100.00/active month              
    Bond Activity............................................................  100.00/active month              
    Currency and Coin........................................................  100.00/active month              
    Security Purchases.......................................................  100.00/active month              
    Check Deposit Activity...................................................  300.00/active month              
    Check Deposit Returns Only...............................................  50.00/active month               
    NOW Activity.............................................................  300.00/active month              
    Credit Card Activity.....................................................  100.00/active month              
    Contemporaneous Reserve..................................................  50.00/active month               
                                                                                                                

Inclearings/Now Accounts

Contractural Fees 

                                                                        
                                                                Daily   
                        Items/month                            return-  
                                                                sorted  
                                                                        
Basic Service                                                           
    a. 1- 50,000...........................................       $.0320
    b. 50,001-100,000......................................        .0200
    c. 100,001-200,000.....................................        .0100
    d. 200,001-400,000.....................................        .0085
    e. 400,001 and over*...................................       .0070 
                                                                        
*Subject to regional operations considerations.                         


                                                                        
                                              Without                   
               Truncation                    statement       Statement  
                                             stuffing        stuffing   
                                                                        
a. $.0340...............................          $.0370          $.0530
b. .0240................................           .0270           .0510
c. .0140................................           .0180           .0470
d. .0090................................           .0110           .0400
e. .0070................................           .0090           .0250
                                                                        


                               Special Services                                                                 
                                                                                                                
1. Check Retrieval or Inspection of Original Item............................  $1.50                            
2. Photocopy.................................................................  1.00                             
3. Advertising Insertion.....................................................  .02 per item                     
4. Posted--On Us.............................................................                                   
    a. With FHLB encoding....................................................  .03 per item                     
    b. Without FHLB encoding.................................................  .01 per item                     
5. Statement Stuffing Service for Truncated Statement........................  .01 per statement                
6. Additional Sorting Upon Request...........................................                                   
    a. Fine Sorting..........................................................  .005 per item                    
    b. Cycle Sorting.........................................................  .005 per item                    
7. Large Dollar Return Notification..........................................  2.00 per item                    
8. Return Items Processed by Bank............................................                                   
    a. First 1,000...........................................................  1.75                             
    b. All Others............................................................  0.75                             
    c. Qualification Requirements of EFAA....................................  No Charge                        
9. Return Items Processed by NOW User Qualification Requirements of EFAA.....  .50 per item                     
10. Return Item Clearing Fee.................................................  FRB Pass-Thru                    
11. Special Processing Requests..............................................  Negotiable                       
12. Discount for Check Deposit Users.........................................  5% off Basic Service Fees        
13. Discount for Credit and disbursement Users...............................  5% off Basic Service Fees        
                                                                                                                
                                                  Check Deposits                                                
                                                                                                                
                         Nashville Operations Center                                                            
                                                                                                                
Nashville City/RCPC..........................................................  .02                              
U.S. Treasury Checks/Savings Bonds...........................................  .02                              
Louisville City/RCPC.........................................................  .025                             
Memphis City/RCPC............................................................  .0475                            
Other FRB....................................................................  .0575                            
                                                                                                                
                         Cleveland Operations Center                                                            
                                                                                                                
Cleveland City/RCPC..........................................................  .02                              
U.S. Treasury Checks/Savings Bonds...........................................  .02                              
Columbus City/RCPC...........................................................  .03                              
Other FRB....................................................................  .0575                            
                                                                                                                
                         Cincinnati Operations Center                                                           
                                                                                                                
Cincinnati City/RCPC.........................................................  .02                              
U.S. Treasury Checks/Savings Bonds...........................................  .02                              
Louisville City/RCPC.........................................................  .02                              
Columbus City/RCPC...........................................................  .025                             
Other FRB....................................................................  .0575                            
                                                                                                                

Volume Discount

    Volume discounts on all items when total deposited items fall 
within below listed categories: 

                                                                                                                
                                  Discount                                            Monthly volume range      
                                                                                                                
10%..........................................................................  100,001-200,000                  
20%..........................................................................  200,001 and over                 
                                                                                                                

Additional Services

1. Encoding by FHLB Operations Center                                                                           
    *Cincinnati & Cleveland..................................................  $.0225 per item                  
    *Nashville...............................................................  .0250 per item                   
2. Photocopy.................................................................  1.00 per item                    
3. Dishonored Item Returned by Bank..........................................  .25 per item                     
4. Large Dollar Return Notification..........................................  2.00                             
5. Non-Cash Collection Minimum Service Fees,                                                                    
    In Addition to Collecting Bank Fees                                                                         
        a. Non-Cash Item.....................................................  5.00 per item                    
        b. Security Coupon Collection........................................  5.00 per envelope                
        c. Coupon Return Item................................................  10.00 per item                   
        d. Foreign Item......................................................  55.00 per item                   
        e. Food Stamp Cash Letter............................................  1.00 per cash letter             
        f. Municipal Bonds...................................................  5.00 per item                    
        g. Government Coupons................................................  No Charge                        
6. Depository Transfer Checks (DTC)..........................................  5.00 per item                    
7. Cash Letter Fee                                                                                              
    a. Less than 100,000 items per month.....................................  1.00 per cash letter             
    b. 100,000 or more items per month.......................................  .25 per cash letter              
8. Funds Availability                                                                                           
    a. See regional availability schedules                                                                      
    b. No deduction for fractional availability or reserve requirements                                         
                                                                                                                

Northern Ohio Institutions

Preparation Charge

$12.00 per currency order
$2.00 per box wrapped coin

Kentucky and Southern Ohio Institutions

Preparation Charge

$10.50 per currency order
2.00 per box wrapped coin

Ohio and Kentucky Institutions

Pick-up of Currency and Coin

$5.00 per strapped currency deposit
$6.00 per mixed or unfilled straps of currency
$2.50 per bag of loose coin (same denomination)
$5.00 per bag of loose coin (mixed denomination)
$5.00 per bag of wrapped coin (same denomination)
$8.00 per bag of wrapped coin (mixed denomination)

    Note: Preparation charge for late notification of order 
requiring special pick-up or registered mail delivery will be 
increased in the amount of 10%.

Memphis Federal Reserve Territory Institutions

Preparation Charge

$4.00 per currency and/or loose coin order

Pick-up of Currency and Coin

$2.00 per occurrence

Nashville Federal Reserve Territory Institutions

Preparation Charge

$4.00 per currency and/or loose coin order
$.0375 per roll--wrapped coin

Pick-up of Currency and Coin

$2.00 per occurrence

Transportation Charge

    Please contact the Bank for the specific fee relative to your 
area.

Lockbox 

OCR Standard Per Item Fee....................................................  .25                              
    Includes:                                                                                                   
        Courier Pick-up at Lockbox                                                                              
        Microfilming of Check and Document                                                                      
        Transmission to Service Bureau                                                                          
        Management Reports                                                                                      
        Check Deposit Fee (Encoding and Clearing)                                                               
        Certain Exception Handling                                                                              
                                                                                                                
                                              Additional Services                                               
                                                                                                                
Lockbox Rental...............................................................  Actual Cost                      
Photocopies..................................................................  1.00                             
Hot File Update (Add or Delete)..............................................  .50 per update                   
Hot File Update (Magnetic Tape)..............................................  10.00 per tape                   
Courier/Postage..............................................................  Actual--Outgoing                 
Dishonored Item Returned by Bank.............................................  .25                              
Large Dollar Return Notification.............................................  2.00 per item                    
Reject or Unmatched Item.....................................................  .15                              
Other Desired Services.......................................................  Cost Basis                       
1994 Correspondent Services Price Schedules .................................                                   
                                                                                                                

Alternative Disbursement Service 

                                                                        
                             Money orders and                           
                             dividend checks         Official checks    
                                                                        
Settlement Options.....  1-Day..................  1-Day                 
                         2-Day..................                        
                         Tuesday Weekly.........                        
Processing Fees........  Based on settlement                            
                          option and check                              
                          volume.                                       
Earnings Incentive*....  Not Applicable.........  Based on settlement   
                                                   option and float     
                                                   balances             
                                                                        
*The earning incentive is a monthly interest payment to the ADS customer
  based on its actual check activity. The earnings incentive interest   
  rate is indexed to the 91-Day Treasury Bill rate.                     

District 6.--Federal Home Loan Bank of Indianapolis (1994 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                    
Photo copies.................................................................  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................................................................  No charge                        
Credit Entries...............................................................  No charge                        
Checks (Administration Fee)..................................................  .02 per item                     
Special Cutoff...............................................................  No charge                        
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 or          Complete       
                                                                         cycled)                                
             Monthly volume                                                                                     
                                           Per Item      Cost      Per Item      Cost      Per Item      Cost   
                                                                                                                
0-5,000.................................       $.048        $240       $.056        $280       $.080        $400
5-10,000................................        .040         200        .051         255        .078         390
10-15,000...............................        .039         195        .047         235        .076         380
15-25,000...............................        .034         340        .040         400        .075         750
25-50,000...............................        .033         825        .036         900        .073       1,825
50-75,000...............................        .029         725        .033         825        .069       1,725
75-100,000..............................        .026         650        .030         750        .068       1,700
100 and up..............................        .024  ..........        .027  ..........        .067  ..........
                                                                                                                

Ancillary Service 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.............................................................  .50                              
Invalid Returns..............................................................  0.50                             
    Late 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..............................................  No charge                        
Debit Entries................................................................  No charge                        
Credit Entries...............................................................  No charge                        
Standard Stmt. Stuffers (up to 2)**..........................................  No charge                        
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.                                                                                        
                                                                                                                
*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 Service:                                                                       
    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 Changes   
    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                           
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............................................................  No charge                        
    Credit Entries...........................................................  No charge                        
    Microfilming.............................................................  No charge                        
    Mortgage Remittance (Basic Service)......................................  0.35                             
    Settlement Only..........................................................  100.00 per month                 
        + Journal Entries....................................................  3.00 each                        
    Third Party Fedline......................................................  .50 each                         
    Courier** Marion County..................................................  8.25 per location, per day, per  
                                                                                pickup                          
    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 (1994 NOW/DDA Services)

(Services Not Provided)

District 8.--Federal Home Loan Bank of Des Moines (1994 NOW/DDA 
Services)

Demand Account Analysis Fee Schedule 

Account Maintenance..........................................................  $12.00                           
Account Reconciliation.......................................................  35.00                            
Daily Statements                                                                                                
    Via SMARTS...............................................................  No Charge                        
    Paper Daily Advice (Per day).............................................  2.50                             
Balance Reporting (Phone--manual)............................................  75.00                            
Drafts Paid                                                                                                     
    Truncated................................................................  0.045                            
    Non-Truncated............................................................  0.055                            
Stop Payments................................................................  7.00                             
Ledger Entries--Credits......................................................  0.35                             
Ledger Entries--Debits.......................................................  0.15                             
Bank Wires In................................................................  3.00                             
Bank Wires Out...............................................................                                   
    Without Phone Advice.....................................................  4.00                             
    With Phone Advice........................................................  6.00                             
ACH Settlement Charges.......................................................  1.00                             
Special Cut-Off Statements...................................................  10.00                            
Account Reconciliation Tape Issues...........................................  0.015                            
Issue Encoding...............................................................  0.0225                           
Pre-Encoded Issues...........................................................  0.015                            
Collections                                                                                                     
    Bonds/Coupons Per Envelope                                                                                  
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Foreign..................................................................  25.00 (Plus Actual)              
Miscellaneous................................................................  Actual                           
                                                                                                                
                                                 ACH Fee Schedule                                               
                                                                                                                
FRB/ACH Pass Thru............................................................  Actual                           
FRB/ACH Settlement...........................................................  $1.00                            
Origination Service                                                                                             
    Set Up New Account (One Time Charge).....................................  50.00                            
    Formatted Tape...........................................................  10.00                            
    Reformat Tape............................................................  10.00                            
    Per Item On Tape*........................................................  .05                              
    Paper Input                                                                                                 
        Monthly Maintenance..................................................  20.00                            
        Data Entry Per Item*.................................................  .25                              
    Day Cycle Deposit Charge                                                                                    
        Local DB/CR..........................................................  .0550                            
        Out-of-State DB/CR...................................................  .0550                            
        Prenotes.............................................................  .0550                            
        Addendas.............................................................  .0550                            
    Night Cycle Deposit Charge Premium                                                                          
        Local DB/CR..........................................................  .07                              
        Out-of-State DB/CR...................................................  .07                              
        Prenotes.............................................................  .07                              
        Addendas.............................................................  .07                              
    Warehousing Per Item.....................................................  .0050                            
    Originator Volume Discount-Monthly                                                                          
        5,000 to 20,000......................................................  -.005                            
        20,000-Over..........................................................  -.01                             
    Return Items.............................................................  1.50                             
    Transportation Charges...................................................  Negotiable                       
    Special Service/Handling.................................................  Negotiable                       
    Telephone Advice                                                                                            
        Per Call.............................................................  2.00                             
        Miscellaneous........................................................  Actual                           
    Minimum Monthly Billing..................................................  50.00                            
*Plus ACH Origination Fee                                                                                       
                                                                                                                

Des Moines Regional Center

Deposit Processing Fee Schedule

Deposited Item Charges 

                                                                                                                
                                                            Below    50,000-100,000                      Over   
                      Description                          50,000                    100,000-300,000    300,000 
                                                                                                                
Local..................................................       .02            .015             .014          .011
RCPC...................................................       .030           .025             .022          .020
RCPC-Premium...........................................       .045           .045             .045          .045
Transit................................................       .0525          .051             .05           .049
                                                                                                                

Other Fees

Encoding.....................................................................  $.0225                           
Return Items                                                                                                    
    Return Items.............................................................  .75/item                         
    Special Handling                                                                                            
        Subtotal by Office...................................................  1.50/office total                
        Individual Entries...................................................  .50/entry                        
        Telephone Notification less than $2,500..............................  .60/item                         
    Large Dollar Notification (Reg. J.)......................................  3.00/item                        
Collection/Settlement Services                                                                                  
    Bonds/Coupons Per Envelope                                                                                  
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25/item                         
    Foreign..................................................................  25.00 (Plus Actual)              
    Miscellaneous............................................................  Actual                           
    Federal Reserve Settlement Entries.......................................  1.00/entry                       
    Food Coupons.............................................................  .02                              
Non-Processable Items........................................................  .15 item                         
Cash Services                                                                                                   
    Currency/Coin Orders.....................................................  2.00/order                       
        Special Orders.......................................................  Standard order fee plus actual   
                                                                                charges                         
        Foreign Currency Orders..............................................  2.50/order                       
        Coin--per roll.......................................................  .0385/roll                       
    Currency/Coin Deposits                                                                                      
        Standard Packaging...................................................  .50                              
        Non-Standard Packaging...............................................  10.00                            
        Foreign Currency Deposits............................................  5.00/deposit                     
        Currency Per Strap...................................................  .25                              
    Delivery Charge (includes return delivery to FRB Chicago)                  42.61/stop                       
Balance/Availability Reporting...............................................  30.00/month                      
Endpoint Analysis............................................................  20.00/day                        
Photocopies..................................................................  2.75/copy                        
Research.....................................................................  20.00/hour                       
                                                                                                                

Kansas City Regional Center

Deposit Processing Fee Schedule

Deposited Item Charges 

                                                                                                                
                                                          Below    25,000-50,000                                
                      Description                         25,000                  50,000-250,000   Over 250,000 
                                                                                                                
Local.................................................     0.0170       0.0160          0.0150     0.0075-0.0140
Regional..............................................     0.0280       0.0250          0.0220      0.0150-0.021
Country...............................................     0.0280       0.0250          0.0220      0.0150-0.021
Transit...............................................     0.0540       0.0530          0.0510      0.0435-0.050
                                                                                                                

Other Services 

Encoding                                                                                                        
    Below 25,000.............................................................  $0.0300                          
    25,000-50,000............................................................  0.0250                           
    50,000-250,000...........................................................  0.0225                           
    Over 250,000.............................................................  0.0200                           
Return Items                                                                                                    
    0-999....................................................................  0.75                             
    1,000 & Over.............................................................  0.65                             
    Special Handling                                                                                            
        Subtotal by Office...................................................  1.50/office total                
        Selected Account Chargeback..........................................  .025/item                        
        Individual Entries...................................................  .50/entry                        
        Telephone Notification less than $2,500..............................  .60/item                         
    Large Dollar Notification (Reg. J.)......................................  3.00/item                        
Collection/Settlement Services                                                                                  
    Bonds/Coupons Per Envelope                                                                                  
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25/item                         
    Foreign..................................................................  25.00 (Plus Actual)              
    Miscellaneous............................................................  Actual                           
    Federal Reserve Settlement Entries.......................................  1.00/entry                       
    Food Coupons.............................................................  .02                              
Non-Processable Items........................................................  0.15                             
Cash Services                                                                                                   
    Currency/Coin Orders.....................................................  3.00/order                       
        Special Orders.......................................................  3.00/order, actual charges       
        Foreign Currency Orders..............................................  5.50/order                       
    Currency/Coin Deposits                                                                                      
        Standard Packaging...................................................  .50/deposit                      
        Non-Standard Packaging...............................................  10.00/deposit                    
        Foreign Currency Deposits............................................  5.00/deposit                     
Balance/Availability Reporting...............................................  30.00/month                      
Endpoint Analysis............................................................  30.00/each, over two per year    
Photocopies/Microfilm Copies.................................................  2.75/copy                        
    Audit....................................................................  2.75/copy or 20.00/hour + .50    
                                                                                copy, whichever is less         
Research.....................................................................  20.00/hour                       
                                                                                                                

 Minneapolis Regional Center

Deposit Processing Fee Schedule

Deposited Item Charges 

                                                                                                                
                                                            Below                                        Over   
                      Description                          25,000    25,000-100,000  100,000-250,000    250,000 
                                                                                                                
Local..................................................        .02           .016             .014          .013
RCPC...................................................        .032          .025             .018          .016
RCPC-Premium...........................................        .045          .04              .035          .03 
Country................................................        .04           .038             .036          .035
Transit................................................        .063          .058             .054          .052
                                                                                                                

Other Services 

Encoding                                                                                                        
    1 to 250,000 items.......................................................  $.0250                           
    Over 250,000 items.......................................................  .0225                            
Return Items                                                                                                    
    Return Items.............................................................  .75/item                         
    Special Handling                                                                                            
        Subtotal by Office...................................................  1.50/office total                
        Individual Entries...................................................  .50/entry                        
        Telephone Notification less than $2,500..............................  .60/item                         
    Large Dollar Notification (Reg. J.)......................................  3.00/item                        
Collection/Settlement Services                                                                                  
    Bonds/Coupons Per Envelope                                                                                  
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25/item                         
    Foreign..................................................................  25.00 (Plus Actual)              
    Miscellaneous............................................................  Actual                           
    Federal Reserve Settlement Entries.......................................  1.00/entry                       
    Food Coupons.............................................................  .04                              
Non-Processable Items........................................................  .15/item                         
Cash Services                                                                                                   
    Currency/Coin Orders.....................................................  2.00/order                       
        Special Orders.......................................................  Standard order fee plus actual   
                                                                                charges                         
        Foreign Currency Orders..............................................  2.50/order                       
Currency/Coin Deposits.......................................................  2.00/order                       
    Standard Packaging.......................................................  .50                              
    Non-Standard Packaging...................................................  10.00                            
    Foreign Currency Deposits................................................  5.00/deposit                     
Balance/Availability Reporting...............................................  30.00/month                      
Endpoint Analysis............................................................  20.00/day                        
Photocopies..................................................................  2.75/copy                        
Research.....................................................................  20.00/hour                       
                                                                                                                

St. Louis Regional Center

Deposit Processing Fee Schedule

Deposit Item Charges 

                                                                                                                
                                              Below                                                       Over  
                Description                   25,000   25,000-50,000  50,000-100,000  100,000-200,000   200,000 
                                                                                                                
Local.....................................       .024         .022            .020            .018          .017
RCPC......................................       .028         .025            .023            .021          .018
Country...................................       .028         .025            .023            .021          .020
Transit...................................       .058         .055            .053            .051          .050
               Package Sort                                                                                     
Local.....................................       .021         .018            .017            .015          .011
RCPC......................................       .025         .022            .020            .018          .017
Country...................................       .025         .022            .020            .019          .018
Transit...................................       .055         .052            .050            .048         .047 
                                                                                                                
Note: Package Sort prices are available to customers who present deposits separated by item type.               

Other Services 

Encoding.....................................................................  $.025                            
Return Items                                                                                                    
    Return Items.............................................................  .75/item                         
    Special Handling                                                                                            
        Subtotal by Office...................................................  1.50/office total                
        Individual Entries...................................................  .50/entry                        
        Telephone Notification less than $2,500..............................  .60/item                         
    Large Dollar Notification (Reg. J.)......................................  3.00/item                        
Collection/Settlement Services                                                                                  
    Bonds/Coupons Per Envelope                                                                                  
    Local/Government.........................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25/item                         
    Foreign..................................................................  25.00 (Plus Actual)              
    Miscellaneous............................................................  Actual                           
    Federal Reserve Settlement Entries.......................................  1.00/entry                       
    Food Coupons.............................................................  .02                              
Non-Processable Items........................................................  .15/item                         
Cash Services                                                                                                   
    Currency/Coin Orders.....................................................  4.00/order                       
        Special Orders.......................................................  Standard order fee plus actual   
                                                                                charges                         
    Currency/Coin Deposits                                                                                      
        Standard Packaging...................................................  .50                              
        Non-Standard Packaging...............................................  2.00                             
Balance/Availability Reporting...............................................  30.00/month                      
Endpoint Analysis............................................................  20.00/day                        
Photocopies..................................................................  2.75/copy                        
Research.....................................................................  20.00/hour                       
                                                                                                                

Des Moines Regional Center

Inclearing Processing Fee Schedule 

                                                                        
                                                                 Cycle/ 
        Monthly capture volume          Basic fee     Daily     monthly 
                                        (capture)  sort\1\\2\   sort\2\ 
                                                                        
1-25,000..............................       .020        .017       .020
25,001-50,000.........................       .016        .013       .016
50,001-75,000.........................       .014        .011       .014
75,001-175,000........................       .012        .009       .012
175,001-400,000.......................       .010        .007       .010
400,001-750,000.......................       .009        .006       .009
750,001-Over..........................       .007        .004       .007
Reject Reentry .04/item                                                 
Posting File .0005/item                                                 
                                                                        

Return Items 

                                                                                                                
                                                                                    Forward collection only\4\  
                 Volume levels                         Basic         Telephone                                  
                                                    service\3\      request\3\     Unqualified     Qualified\5\ 
                                                                                                                
1-500...........................................           $2.65           $3.50            $.60            $.25
501-750.........................................            2.10              NA             .60             .25
751-1,000.......................................            1.85              NA             .60             .25
1,001-3,000.....................................            1.15              NA             .60             .25
3,001-Over......................................             .75              NA             .55             .25
Regulation J Notification 3.00/item                                                                             
                                                                                                                
\1\Surcharge for same-day return: 15%.                                                                          
\2\Fees for daily and cycle/monthly return are in addition to the basic fee.                                    
\3\Full service processing. Excludes Large Dollar notification required under Regulations CC and J.             
\4\Return items received for forward collection.                                                                
\5\Items must be fully qualified using heat sensitive strips.                                                   

Other Services 

Support Services                                                                                                
    Certified Checks.........................................................  .50/item                         
    Facsimile Transmission...................................................  1.50/transmission                
    Microfiche Monthly Reports...............................................  25.00/month                      
    Microfilm of Checks Captured.............................................  .01/item                         
    Original Item Return.....................................................  2.75/item                        
    Research.................................................................  20.00/hour                       
    Stop Payments............................................................  5.00/stop                        
    Telephone Check Inquiry..................................................  1.00/inquiry                     
    Signature Verification...................................................  .35/item                         
Counter Items                                                                                                   
    With MICR Encoding.......................................................  .04/item                         
    Without MICR Encoding....................................................  .10/item                         
Photocopies/Microfilm Copies.................................................  2.75/item                        
    Audit....................................................................  2.75/item or 20.00/hour + .50/   
                                                                                copy, whichever is less         
Settlement                                                                                                      
    Daily Reporting..........................................................  25.00/month                      
    Settlement Only (Inclearings or returns).................................  100.00/month                     
    Third Party Settlement...................................................  350.00/month                     
Special Sorting Options                                                                                         
    Account Separators.......................................................  .003/item ($175.00 minimum)      
    Truncated Items Returned Unsorted........................................  .002/item                        
    Truncated Items Returned Sorted..........................................  .012/item ($250.00 minimum)      
    Sequence Number Order....................................................  .005/item                        
    Other Miscellaneous Fine Sorting.........................................  .005/item                        
                                                                                                                
                                                Special Services                                                
                                                                                                                
Backup Service                                                                                                  
    Set-Up Charge............................................................  500.00-1,500.00 one time         
    Monthly Maintenance......................................................  Negotiable plus actual monthly   
                                                                                usage                           
File Maintenance                                                                                                
    Mergers/Acquisitions.....................................................  500.00/each                      
    Multiple R/T Numbers.....................................................  50.00/number/month               
    Parameter File Maintenance...............................................  25.00/change                     
    Multiple Sorter Pockets..................................................  300.00/pocket/month              
    Data Servicer Conversion.................................................  500.00/conversion                
Minimum Monthly Charge (Excluding Actual Charges)............................  250.00                           
                                                                                                                

Kansas City Regional Center

Inclearing Processing Fee Schedule 

                                                                        
                                                                 Cycle/ 
        Monthly capture volume          Basic fee     Daily     monthly 
                                        (capture)  sort\1\\2\   sort\2\ 
                                                                        
1-50,000..............................       .016   .013 .016           
50,001-100,000........................       .014   .011 .014           
100,001-175,000.......................       .012   .009 .012           
175,001-400,000.......................       .010   .007 .010           
400,001-750,000.......................       .009   .006 .009           
750,001-Over..........................       .007   .004 .007           
Reject Reentry .04/item                                                 
Posting File .0005/item                                                 
                                                                        

Return Items 

                                                                                                                
                                                                                    Forward collection only\4\  
                  Volume levels                        Basic         Telephone                                  
                                                    service\3\      request\3\      Unqualified    Qualified\5\ 
                                                                                                                
1-750...........................................      $1.60-2.65           $3.50            $.75            $.27
751-2,500.......................................       0.95-1.85              NA             .70             .27
2,501-Over......................................       0.65-1.55              NA             .65             .23
Regulation J Notification 3.00/item                                                                             
                                                                                                                
\1\Surcharge for same-day daily return: 15%                                                                     
\2\Fees for daily and cycle/monthly return are in addition to the basic fee.                                    
\3\Full service processing. Excludes Large Dollar notification required under Regulations CC and J.             
\4\Return items received for forward collection.                                                                
\5\Items must be fully qualified using heat sensitive strips.                                                   

Other Services 

Support Services                                                                                                
    Certified Checks.........................................................  .50/item                         
    Facsimile Transmission...................................................  1.50/transmission                
    Microfiche Monthly Reports...............................................  25.00/month                      
    Microfilm of Checks Captured.............................................  .01/item                         
    Original Item Return.....................................................  2.75/item                        
    Research.................................................................  20.00/hour                       
    Stop Payments............................................................  5.00/stop                        
    Telephone Check Inquiry..................................................  1.00/inquiry                     
    Signature Verification...................................................  .35/item                         
Counter Items                                                                                                   
    With MICR Encoding.......................................................  .04/item                         
    Without MICR Encoding....................................................  .10/item                         
Photocopies/Microfilm Copies.................................................  2.75/item                        
    Audit....................................................................  2.75/item or 20.00/hour + .50/   
                                                                                copy, whichever is less         
Settlement                                                                                                      
    Daily Reporting..........................................................  25.00/month                      
    Settlement Only (Inclearings or Returns).................................  100.00/month                     
    Third Party Settlement...................................................  350.00/month                     
Special Sorting Options                                                                                         
    Account Separators.......................................................  .003/item ($175.00 minimum)      
    Truncated Items Returned Unsorted........................................  .002/item                        
    Truncated Items Returned Sorted..........................................  .012/item ($250.00 minimum)      
    Sequence Number Order....................................................  .005/item                        
    Other Miscellaneous Fine Sorting.........................................  .005/item                        
                                                                                                                
                                                Special Services                                                
Backup Service                                                                                                  
    Set-Up Charge............................................................  500.00-1,500.00 one time         
    Monthly Maintenance......................................................  Negotiable plus actual monthly   
                                                                                usage                           
File Maintenance                                                                                                
    Mergers/Acquisitions.....................................................  500.00/each                      
    Multiple R/T Numbers.....................................................  50.00/number/month               
    Parameter File Maintenance...............................................  25.00/change                     
    Multiple Sorter Pockets..................................................  300.00/pocket/month              
    Data Servicer Conversion.................................................  500.00/conversion                
Minimum Monthly Charge (Excluding Actual Charges)............................  250.00                           
                                                                                                                

Minneapolis Regional Center

Inclearing Processing Fee Schedule 

                                                                        
                                        Basic fee               Cycle/  
        Monthly capture volume          (capture)    Daily      monthly 
                                                    sort\2\   sort\1\\2\
                                                                        
1-25,000..............................       .020       .017        .020
25,001-50,000.........................       .016       .013        .016
50,001-75,000.........................       .014       .011        .014
75,001-175,000........................       .012       .009        .012
175,001-400,000.......................       .010       .007        .010
400,001-750,000.......................       .009       .006        .009
750,001-Over..........................       .007       .004        .007
Reject Reentry .04/item                                                 
Posting File .0005/item                                                 
                                                                        

Return Items 

                                                                                                                
                                                       Telephone forward collection only\4\                     
         Volume levels                 Basic                                                         Premium    
                                    service\3\      Request\3\     Unqualified     Qualified\5\                 
                                                                                                                
1-2,000.........................      $1.65-2.65           $3.50            $.70            $.28            $.34
2,001-4,000.....................       1.15-1.90              NA             .70             .28             .34
4,001-Over......................        .75-1.65              NA             .65             .28             .34
Regulation J Notification 3.00/                                                                                 
 item                                                                                                           
                                                                                                                
1Surcharge for same-day return: 15%                                                                             
2Fees for daily and cycle/monthly return are in addition to the basic fee.                                      
3Full service processing. Excludes large dolllar notification required under Regulation CC an J.                
4Return items received for forward collection.                                                                  
5Items must be fully qualified using heat sensitive strips.                                                     

Other Services 

Support Services                                                                                                
    Certified Checks.........................................................  .50/item                         
    Facsimile Transmission...................................................  1.50/transmission                
    Microfiche Monthly Reports...............................................  25.00/month                      
    Microfilm of Checks Captured.............................................  .01/item                         
    Original Item Return.....................................................  2.75/item                        
    Research.................................................................  20.00/hour                       
    Stop Payments............................................................  5.00/stop                        
    Telephone Check Inquiry..................................................  1.00/inquiry                     
    Signature Verification...................................................  .35/item                         
Counter Items                                                                                                   
    With MICR Encoding.......................................................  .04/item                         
    Without MICR Encoding....................................................  .10/item                         
Photocopies/Microfilm Copies.................................................  2.75/item                        
    Audit....................................................................  2.75/item or 20.00/hour + .50/   
                                                                                copy, whichever is less         
Settlement                                                                                                      
    Daily Reporting..........................................................  25.00/month                      
    Settlement Only (Inclearings or Returns).................................  100.00/month                     
    Third Party Settlement...................................................  350.00/month                     
Special Sorting Options                                                                                         
    Account Separators.......................................................  .003/item ($175.00 minimum)      
    Truncated Items Returned Unsorted........................................  .002/item                        
    Truncated Items Returned Sorted..........................................  .012/item ($250.00 minimum)      
    Sequence Number Order....................................................  .005/item                        
    Other Miscellaneous Fine Sorting.........................................  .005/item                        
                                                                                                                

Special Services

    Backup Service...........................................................                                   
    Set-Up Charge............................................................  500.00-1,500.00 one time         
    Monthly Maintenance......................................................  Negotiable plus actual monthly   
                                                                                usage                           
File Maintenance                                                                                                
    Mergers/Acquisitions.....................................................  500.00/each                      
    Multiple R/T Numbers.....................................................  50.00/number/month               
    Parameter File Maintenance...............................................  25.00/change                     
    Multiple Sorter Pockets..................................................  300.00/pocket/month              
    Data Servicer Conversion.................................................  500.00/conversion                
Minimum Monthly Charge (Excluding Actual Charges)............................  250.00                           
                                                                                                                

St. Louis Regional Center

Inclearing Processing Fee Schedule

                                                                        
                                                                 Cycle/ 
        Monthly capture volume          Basic fee     Daily     monthly 
                                        (capture)  sort\1\\2\   sort\2\ 
                                                                        
1-25,000..............................       .020        .017       .020
25,001-50,000.........................       .016        .013       .016
50,001-75,000.........................       .014        .011       .014
75,001-175,000........................       .012        .009       .012
175,001-400,000.......................       .010        .007       .010
400,001-750,000.......................       .009        .006       .009
750,001-Over..........................       .007        .004       .007
Reject Reentry .04/item                                                 
Posting File .0005/item                                                 
                                                                        

Return Items

                                                                                                                
                                                                                    Forward collection only\4\  
                  Volume levels                        Basic         Telephone                                  
                                                    service\3\      request\3\      Unqualified    Qualified\5\ 
                                                                                                                
1-500...........................................           $2.25           $3.50            $.60            $.20
501-1,000.......................................            2.00              NA             .60             .20
1,001-2,500.....................................            1.75              NA             .60             .20
2,501-Over......................................            1.25              NA             .50             .20
Regulation J Notification 3.00/item                                                                             
                                                                                                                
\1\Surcharge for same-day daily return: 15%                                                                     
\2\Fees for daily and cycle/monthly return are in addition to the basic fee.                                    
\3\Full service processing. Excludes Large Dollar notification required under Regulations CC and J.             
\4\Return items received for forward collection.                                                                
\5\Items must be fully qualified using heat sensitive strips.                                                   

Other Services

Support Services                                                                                                
    Certified Checks.........................................................  .50/item                         
    Facsimile Transmission...................................................  1.50/transmission                
    Microfiche Monthly Reports...............................................  25.00/month                      
    Microfilm of Checks Captured.............................................  .01/item                         
    Original Item Return.....................................................  2.75/item                        
    Research.................................................................  20.00/hour                       
    Stop Payments............................................................  5.00/stop                        
    Telephone Check Inquiry..................................................  1.00/inquiry                     
    Signature Verification...................................................  .35/item                         
Counter Items                                                                                                   
    With MICR Encoding.......................................................  .04/item                         
    Without MICR Encoding....................................................  .10/item                         
Photocopies/Microfilm Copies.................................................  2.75/item                        
    Audit....................................................................  2.75/item or 20.00 hour+.50/copy,
                                                                                whichever is less               
Settlement                                                                                                      
    Daily Reporting..........................................................  25.00/month                      
    Settlement Only (Inclearings or Returns).................................  100.00/month                     
    Third Party Settlement...................................................  350.00/month                     
Special Sorting Options                                                                                         
    Account Separators.......................................................  .003/item ($175.00 minimum)      
    Truncated Items Returned Unsorted........................................  .002/item                        
    Truncated Items Returned Sorted..........................................  .012/item ($250.00 minimum)      
    Sequence Number Order....................................................  .005/item                        
    Other Miscellaneous Fine Sorting.........................................  .005/item                        
                                                                                                                
                                                Special Services                                                
                                                                                                                
Backup Service                                                                                                  
    Set-Up Charge............................................................  500.00-1,500.00 one time         
    Monthly Maintenance......................................................  Negotiable plus actual monthly   
                                                                                usage                           
File Maintenance                                                                                                
    Mergers/Acquisitions.....................................................  500.00/each                      
    Multiple R/T Numbers.....................................................  50.00/number/month               
    Parameter File Maintenance...............................................  25.00/change                     
    Multiple Sorter Pockets..................................................  300.00/pocket/month              
    Data Servicer Conversion.................................................  500.00/conversion                
Minimum Monthly Charge (Excluding Actual Charges)............................  250.00                           
                                                                                                                

Des Moines Regional Center

Proof-of-Deposit (POD) Fee Schedule

Processing Fees

                                                                                                                
                                                                             Account     Exception              
    Monthly processing volume*        Encoding   POD capture  Inclearings    sequence    pull/cycle    Rejects  
                                                                capture        sort         sort                
                                                                                                                
1-250,000.........................         .018         .012         .008       .00600       .00200          .04
250,001-500,000...................         .016         .011         .007       .00525       .00175          .04
500,001-1,500,000.................         .014         .010         .006       .00450       .00150          .04
1,500,001-3,000,000...............         .012         .009         .005       .00375       .00125          .04
3,000,000-Over....................         .010         .008         .004       .00300       .00100          .04
                                                                                                                
*Monthly processing volume represents the sum of POD Capture and Inclearings Capture.                           

Other Fees

Return processing and other existing ancillary inclearing services...........  Available upon request           
                                                                                                                

Clearing Fees 

Deposited items..............................................................  Local $.01                       
                                                                               RCPC .018                        
                                                                               RCPC-Prem. .043                  
                                                                               Transit .049                     
                                                                                                                
                                                Relationship Fees                                               
                                                                                                                
Account Maintenance..........................................................  $12.00                           
    Daily Statements                                                                                            
        Via SMARTS...........................................................  No Charge                        
        Paper Daily Advice (per day).........................................  2.50                             
    Balance Reporting-Manual.................................................  75.00                            
        Credit Transactions..................................................  0.35                             
        Debit Transactions...................................................  0.15                             
        SMARTS Electronic Connection, Basic..................................  No Charge                        
    Wire Transfer                                                                                               
        Incoming.............................................................  3.00                             
        Outgoing.............................................................  4.00                             
          With Phone Advice..................................................  6.00                             
        Internal Transfer....................................................  No Charge                        
Collections                                                                                                     
    Bonds/Coupons Per Envelope                                                                                  
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25                              
    Foreign Collections......................................................  25.00 (Plus Actual)              
    Food Coupons--Loose......................................................  0.03                             
    Food Coupons--Full Straps................................................  0.15                             
                                                                                                                

Terms of Account

    Payment of Processing Fees and Clearing Fees are made by a 
direct charge to the account or by payment of our invoice. Payment 
of Relationship Fees are made only by balance compensation.
    Payment of Processing Fees and Clearing Fees are also available 
by balance compensation at slightly different rates. Contact the 
Federal Home Loan Bank for prices.
    The earnings credit rate is based on the average discount rate 
of the 91-Day Treasury Bill auction of the current month. Interest 
that approximates the Fed Funds rate will be paid to the account for 
excess balances. Deficient balances will be charged at the average 
Fed Funds rate of the current month.
    Prices are subject to change without notice.

Kansas City Regional Center

Proof-of-Deposit (POD) Fee Schedule

Processing Fees 

                                                                                                                
                                                                             Account     Exception              
    Monthly processing volume*        Encoding   POD capture  Inclearings    sequence    pull/cycle    Rejects  
                                                                capture        sort         sort                
                                                                                                                
1-250,000.........................         .022         .012         .008       .00600       .00200          .04
250,001-500,000...................         .020         .011         .007       .00525       .00175          .04
500,001-1,500,000.................         .018         .010         .006       .00450       .00150          .04
1,500,001-3,000,000...............         .016         .009         .005       .00375       .00125          .04
3,000,000-Over....................         .014         .008         .004       .00300       .00100         .04 
                                                                                                                
*Monthly processing volume represents the sum of POD Capture and Inclearings Capture.                           

Other Fees 

Return processing and other existing ancillary inclearing services...........  Available upon request.          
                                                                                                                

Clearing Fees 

                                                                                                                
                                                                                                                
                                                                                                                
Deposited items..............................................................  Local $.010                      
                                                                               Country .021                     
                                                                               Transit .045                     
                                                                                                                
                                                Relationship Fees                                               
                                                                                                                
Account Maintenance..........................................................  $12.00                           
    Daily Statements                                                                                            
        Via SMARTS...........................................................  No Charge                        
        Paper Daily Advice (per day).........................................  2.50                             
    Balance Reporting--Manual................................................  75.00                            
    Credit Transactions......................................................  0.35                             
    Debit Transactions.......................................................  0.15                             
    SMARTS Electronic Connection, Basic......................................  No Charge                        
Wire Transfer                                                                                                   
    Incoming.................................................................  3.00                             
    Outgoing.................................................................  4.00                             
        With Phone Advice....................................................  6.00                             
    Internal Transfer........................................................  No Charge                        
Collections                                                                                                     
    Bonds/Coupons Per Envelope...............................................                                   
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25                              
    Foreign Collections......................................................  25.00 (Plus Actual)              
    Food Coupons--Loose......................................................  0.0225                           
    Food Coupons--Full Straps................................................  0.15                             
                                                                                                                

Terms of Account

    Payment of Processing Fees and Clearing Fees are made by a 
direct charge to the account or by payment of our invoice. Payment 
of Relationship Fees are made only by balance compensation.
    Payment of Processing Fees and Clearing Fees are also available 
by balance compensation at slightly different rates. Contact the 
Federal Home Loan Bank for prices.
    The earnings credit rate is based on the average discount rate 
of the 91-Day Treasury Bill auction of the current month. Interest 
that approximates the Fed Funds rate will be paid to the account for 
excess balances. Deficient balances will be charged at the average 
Fed Funds rate of the current month.
    Prices are subject to change without notice.

Minneapolis Regional Center

Proof-of-Deposit (POD) Fee Schedule

Processing Fees 

                                                                                                                
                                                                             Account     Exception              
    Monthly processing volume*        Encoding   POD capture  Inclearings    sequence    pull/cycle    Rejects  
                                                                capture        sort         sort                
                                                                                                                
1-250,000.........................         .022         .012         .008       .00600       .00200          .04
250,001-500,000...................         .020         .011         .007       .00525       .00175          .04
500,001-1,500,000.................         .018         .010         .006       .00450       .00150          .04
1,500,001-3,000,000...............         .016         .009         .005       .00375       .00125          .04
3,000,000-Over....................         .014         .008         .004       .00300       .00100         .04 
                                                                                                                
*Monthly processing volume represents the sum of POD Capture and Inclearings Capture.                           

Other Fees 

Return processing and other existing ancillary inclearing services...........  Available upon request.          
                                                                                                                

Clearing Fees

                                                                                                                
                                                                                                                
                                                                                                                
Deposited items..............................................................  City $.01                        
                                                                               RCPC $.02                        
                                                                               Country $.0285                   
                                                                               Transit $.055                    
                                                                                                                
                                                Relationship Fees                                               
                                                                                                                
Account Maintenance..........................................................  $12.00                           
    Daily Statements                                                                                            
        Via SMARTS...........................................................  No Charge                        
        Paper Daily Advice (per day).........................................  2.50                             
        Balance Reporting--Manual............................................  75.00                            
        Credit Transactions..................................................  0.35                             
        Debit Transactions...................................................  0.15                             
        SMARTS Electronic Connection, Basic..................................  No Charge                        
    Wire Transfer                                                                                               
        Incoming.............................................................  3.00                             
        Outgoing.............................................................  4.00                             
        With Phone Advice....................................................  6.00                             
    Internal Transfer........................................................  No Charge                        
Collections                                                                                                     
    Bonds/Coupons Per Envelope                                                                                  
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25                              
    Foreign Collections......................................................  25.00 (Plus Actual)              
    Food Coupons--Loose......................................................  0.04                             
                                                                                                                

Terms of Account

    Payment of Processing Fees and Clearing Fees are made by a 
direct charge to the account or by payment of our invoice. Payment 
of Relationship Fees are made only by balance compensation.
    Payment of Processing Fees and Clearing Fees are also available 
by balance compensation at slightly different rates. Contact the 
Federal Home Loan Bank for prices.
    The earnings credit rate is based on the average discount rate 
of the 91-Day Treasury Bill auction of the current month. Interest 
that approximates the Fed Funds rate will be paid to the account for 
excess balances. Deficient balances will be charged at the average 
Fed Funds rate of the current month.
    Prices are subject to change without notice.

St. Louis Regional Center

Proof-of-Deposit (POD) Fee Schedule

Processing Fees 

                                                                                                                
                                                                             Account      Excepton              
    Monthly processing volume*        Encoding   POD capture  Inclearings    sequence    pull/cycle    Rejects  
                                                                capture        sort         sort                
                                                                                                                
1-250,000.........................         .020         .012         .008       .00600       .00200          .04
250,001-500,000...................         .018         .011         .007       .00525       .00175          .04
500,001-1,500,000.................         .016         .010         .006       .00450       .00150          .04
1,500,001-3,000,000...............         .014         .009         .005       .00375       .00125          .04
3,000,000-Over....................         .012         .008         .004       .00300       .00100          .04
                                                                                                                
*Monthly processing volume represents the sum of POD Capture and Inclearings Capture.                           

Other Fees 

Return processing and other existing ancillary inclearing services...........  Available upon request.          
                                                                                                                

Clearing Fees 

Deposited items..............................................................  Local $.01                       
                                                                               RCPC $.018                       
                                                                               Country $.017                    
                                                                               Transit $.05                     
                                                                                                                
                                                Relationship Fees                                               
                                                                                                                
Account Maintenance..........................................................  $12.00                           
    Daily Statements                                                                                            
        Via SMARTS...........................................................  No Charge                        
        Paper Daily Advice (per day).........................................  2.50                             
    Balance Reporting--Manual................................................  75.00                            
    Credit Transactions......................................................  0.35                             
    Debit Transactions.......................................................  0.15                             
    SMARTS Electronic Connection, Basic......................................  No Charge                        
Wire Transfer                                                                                                   
    Incoming.................................................................  3.00                             
    Outgoing.................................................................  4.00                             
        With Phone Advice....................................................  6.00                             
    Internal Transfer........................................................  No Charge                        
Collections                                                                                                     
    Bonds/Coupons Per Envelope                                                                                  
        Local/Government.....................................................  5.00                             
        Out-of-Town..........................................................  7.00                             
    Domestic/Checks..........................................................  15.00 (Plus Actual)              
    Canadian Items...........................................................  .25                              
    Foreign Collections......................................................  25.00 (Plus Actual)              
    Food Coupons--Loose......................................................  0.02                             
                                                                                                                

Terms of Account

    Payment of Processing Fees and Clearing Fees are made by a 
direct charge to the account or by payment of our invoice. Payment 
of Relationship Fees are made only by balance compensation.
    Payment of Processing Fees and Clearing Fees are also available 
by balance compensation of slightly different rates. Contact the 
Federal Home Loan Bank for prices.
    The earnings credit rate is based on the average discount rate 
of the 91-Day Treasury Bill auction of the current month. Interest 
that approximates the Fed Funds rate will be paid to the account for 
excess balances. Deficient balances will be charged at the average 
Fed Funds rate of the current month.
    Prices are subject to change without notice.

Des Moines, Minneapolis, Kansas City and St. Louis Regional Centers

Lockbox Fee Schedule

Basic Service

    Open envelope; screen per instructions; verify payee, signature 
and amount. Record data on check, remittance, envelope, or 
correspondence as requested. Balance checks to remittances and post 
credits to account specified. 

    Mortgage.................................................................  $.12-.25                         
    Consumer.................................................................  .09-.15                          
    Retail-Commercial........................................................  .07-.15                          
    Wholesale-Commercial.....................................................  .15-.55                          
    Credit Card..............................................................  .07-.15                          
    Data Capture and Transmit................................................  .015-.030                        
    Includes use of derogatory file as required..............................                                   
    Rejects pulled, balanced and returned per instructions...................                                   
Item Preparation Charge; Data Entry As required. Includes preparation of new   .05/item                         
 or substitute machine-readable documents.                                                                      
Microfilm Remittances or Checks..............................................  .01/item                         
Credit/Posting Advice........................................................  .25/advice                       
Photocopies                                                                                                     
    Recurring................................................................  .05/copy                         
    On Request...............................................................  .25/copy                         
Facsimile Transmissions                                                                                         
    Recurring................................................................  .85/page                         
    On Request...............................................................  1.50/page                        
Microfilm Copies.............................................................  2.75/copy                        
Payment Discounts Calculated.................................................  .25/discount                     
Telephone Inquiry or Notification............................................  1.00/call                        
Foreign Item Processing                                                                                         
    U.S. Dollars.............................................................  .75/check                        
    Foreign Currency.........................................................  3.50/check                       
Process Cash Payment.........................................................  5.00/each                        
Daily Reporting..............................................................  50.00/month                      
Courier/Postage..............................................................  Actual                           
Storage: Envelopes and remittance material retained unsorted for 14 days and   Negotiated                       
 destroyed Safekeeping beyond 14 days.                                                                          
Minimum Monthly Billing......................................................  175.00                           
    (Excludes Actual Charges)................................................                                   
New Account Set-Up...........................................................  50.00-500.00                     
Special Services.............................................................  Negotiated                       
                                                                                                                
                       Statement Rendering Fee Schedule                                                         
                                                                                                                
Statements Per Month, Non-Truncated                                                                             
    First 5,000..............................................................  $.18                             
    Next 5,000...............................................................  .165                             
    Over 10,000..............................................................  .15                              
Statements Per Month, Truncated..............................................  .05                              
Statement Inserts............................................................  .01                              
Other Mailings...............................................................  .05                              
Surcharge for One Cycle Per Month............................................  10%                              
Fine Sort Counter Items for Statement Insertion..............................  .005                             
Sort Counter Items Without MICR..............................................  .02                              
Courier, Postage and Envelopes...............................................  Actual                           
Pre-Sort Only................................................................  .02/item                         
                                                                                                                
Note: Members that have changed Data Processors or have more than one MICR account number corresponding to one  
 statement account number are subject to additional fees.                                                       
                                                                                                                

Pricing to Forward Cycle Items to Data Processor for Statement Handling 


Insertion of Trigger/Separator Tickets                                                                          
    Sorting..................................................................  $.003/item                       
    Trigger Ticket Expense...................................................  .012/account                     
Insertion of Rejects.........................................................  .040/reject                      
Photocopies of Missing Items.................................................  2.75/copy                        
Courier, Postage and Boxes...................................................  Actual                           
Monthly Fee for Special Handling.............................................  25.00/cycle                      
                                                                               ($75.00 minimum)                 
                                                                                                                

District. 10.--Federal Home Loan Bank of Topeka (1994 NOW/DDA Services)

Cash Letter Processing

Encoded Processing Fees 

                                                                                                                
                           State                                 Local        RCPC        Country      Transit  
                                                                                                                
Colorado....................................................        $.015        $.023        $.029        $.067
Nebraska....................................................         .025         .038         .038         .067
Oklahoma....................................................         .025         .038         .038         .067
Kansas......................................................         .020         .039         .039        .067 
                                                                                                                

Other Cash Letter 

Encoding Fee.................................................................  .023 per item                    
Rejects on Encoded Items.....................................................  .15 per item                     
Returns/Redeposits...........................................................  .80 per item                     
Collections..................................................................  6.50 per item                    
Coin and Currency............................................................  2.50 per call                    
Courier/Armored Car Cost.....................................................  As charged                       
Research/Mass Photocopy......................................................  .15 per item/$12/hour            
ACH Settlement...............................................................  .50 per trans.                   
Item Retrieval...............................................................  2.25 per item                    
Facsimile....................................................................  1.75 per page                    
Postage......................................................................  At cost                          
Electronic Inquiry...........................................................  No charge                        
                                                                                                                
                                         Demand Disbursement Processing                                         
                                                                                                                
Full Service DDA                                                                                                
    Cycled...................................................................  .15 per item                     
    Truncated................................................................  .12 per item                     
Basic DDA                                                                                                       
    Cycled...................................................................  .11 per item                     
    Truncated................................................................  .08 per item                     
Additional DDA Fees                                                                                             
    Large Item Return Notification...........................................  3.00 per item                    
    Mass Photocopy Requests..................................................  .15 per item/$12/hour            
    Additional Statement.....................................................  2.00 per statement               
    Item Retrieval...........................................................  2.25 per item                    
    Facsimile................................................................  1.75 per page                    
    Postage..................................................................  At cost                          
Monthly Maintenance Fee                                                                                         
    User.....................................................................  $25                              
    Non-user.................................................................  $50                              
(User is any customer that also utilizes the Bank for item or cash letter processing or clears at least 100     
 checks per month.                                                                                              
                                                                                                                

Inclearing Processing (fees are per item) 

1-10,000......................................         .018         .035
10,001-25,000.................................         .016         .034
25,001-50,000.................................         .014         .031
50,001-100,000................................         .012         .026
100,001-250,000...............................         .009         .020
250,001-500,000...............................         .009         .015
500,001-750,000...............................         .008         .013
750,001-1,000,000.............................         .008         .011
1,000,001-above...............................         .007         .010
(Transit items charged to cash letter fees)                             
                                                                        


                                                                        
     Proof of deposit processing items per month              Fee       
                                                                        
1-10,000..............................................  $.020           
10,001-25,000.........................................  .018            
25,001-50,000.........................................  .015            
50,001-100,000........................................  .013            
100,001-250,000.......................................  .011            
250,001-500,000.......................................  .010            
500,001-750,000.......................................  .009            
750,001-1,000,000.....................................  .008            
1,000,001-above.......................................  .007            
Item account number sort fee..........................  .010            
                                                                        


                                                                        
                Return item per month                         Fee       
                                                                        
1-2,500...............................................  $1.41           
2,501-4,000...........................................  1.11            
4,001-6,000...........................................  .76             
6,001-8,000...........................................  .46             
8,001-12,000..........................................  .41             
12,001-above..........................................  .36             
Other inclearing fees (per month unless otherwise)                      
    Minimum Processing Fee............................  $500            
    Settlement w/FHLB Processing......................  No fee          
    Settlement Only...................................  100             
    Item Retrieval (per item).........................  2.25            
    Mass Photocopy ($12 per hour and per item of).....  .15             
    Over-the-Counter Items (Per item).................  .03             
    Large Item Return Notification (Per item).........  3.00            
    Facismie (Per item)...............................  1.75            
    Postage...........................................  At cost         
                                                                        
                    Statement and Lockbox Processing                    
                                                                        
Statement processing                                                    
    Truncated Statement...............................  .08             
    Cycled Statement..................................  .20             
    Per Insert........................................  .01             
    Postage...........................................  At cost         
    Envelopes/Statements..............................  By user         
    Electronic Statement Printing.....................  .03             
    ($150 minimum monthly fee)........................  Per image       
Lockbox Processing (per item)                                           
    1-50,000 monthly items............................  .110            
    50,001-80,000 monthly items.......................  .105            
    80,001-120,000 monthly items......................  .100            
    120,001-160,000 monthly items.....................  .095            
    160,001-above monthly items.......................  .090            
    Exception Item Review/Processing..................  .070            
    Photocopy Retrieval...............................  2.25            
    Postage...........................................  At cost         
    Monthly Processing Fee............................  $100            
                                                                        
          Safekeeping and Wire Transfer and Reserve Processing          
                                                                        
Safekeeping processing                                                  
    Transaction Fees                                                    
        Federal Reserve Book-entry Securities.........  5.00            
        Reclaims and DKs..............................  2.50            
        PTC Depository GNMAs and DTCs.................  35.00           
        Physical Securities...........................  40.00           
        Euro/Cedel Securities.........................  75.00           
    Interest Payment Fees                                               
        Federal Reserve Principal & Interest..........  5.00            
        PTC, DTC and Physical P&I.....................  8.50            
    Segregation and Pledge Activity Fees                                
        Joint Custody, Pledges to Third Party, Pledges  10.00           
         to the Bank as Collateral for Advances, Other                  
         Pledges, Segregation and Pledge Releases.                      
    Account Maintenance Fees                                            
        Federal Reserve Book-entry Securities.........  5.50            
        Other.........................................  6.50            
        In-house......................................  .25             
        Registration, Postage, other miscellaneous....  At cost         
Wire transfer processing fee                                            
    Incoming..........................................  3.65            
    Outgoing..........................................  5.65            
    Pass-through Reserves (per month).................  25.00           
                                                                        

District 11.--Federal Home Loan Bank of San Francisco (1994 NOW/DDA 
Services)

(Services not provided)

District 12.--Federal Home Loan Bank of Seattle (1994 NOW/DDA Services)

(Services not provided)

By the Federal Housing Finance Board
Rita I. Fair,
Acting Managing Director.
[FR Doc. 94-19498 Filed 8-10-94; 8:45 am]