[Federal Register Volume 64, Number 64 (Monday, April 5, 1999)]
[Notices]
[Pages 16454-16458]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-8294]


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FEDERAL HOUSING FINANCE BOARD

[No. 99-N-3]


Prices for Federal Home Loan Bank Services

AGENCY: Federal Housing Finance Board.

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

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SUMMARY: The Federal Housing Finance Board (Board) is publishing the 
prices charged by the Federal Home Loan Banks (Banks) for processing 
and settlement of items (negotiable order of withdrawal or NOW), and 
demand deposit accounting (DDA) and other services offered to members 
and other eligible institutions.

EFFECTIVE DATE: April 5, 1999.

FOR FURTHER INFORMATION CONTACT: Gwen R. Grogan, Associate Director, 
Office of Supervision (202) 408-2892; 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. Sec. 1431(e)) authorizes the Banks (1) to 
accept demand deposits from member institutions, (2) to be drawees of 
payment instruments, (3) to engage in collection and settlement of 
payment instruments drawn on or issued by members and other eligible 
institutions, and (4) to engage in such incidental activities as are 
necessary to the exercise of such authority. Section 11(e)(2)(B) of the 
Bank Act (12 U.S.C. 1431(e)(2)(B)) requires the Banks to make charges 
for services authorized in that section, which charges are to be 
determined and regulated by the Board.
    Section 943.6(c) of the Board's regulations (12 CFR 943.6(c)) 
provides for the annual publication in the Federal Register of all 
prices for Bank services. The following fee schedules are for the Banks 
which offer item processing services to their members and other 
qualified financial institutions. Most of the remaining Banks provide 
other Correspondence Services which may include securities safekeeping, 
disbursements, coin and currency, settlement, electronic funds 
transfer, etc. However, these Banks do not provide services related to 
processing of items drawn against or deposited into third party 
accounts held by their members or other qualified financial 
institutions.

District 1.--Federal Home Loan Bank of Boston (1999 NOW/DDA 
Services) (Services not provided)

District 2.--Federal Home Loan Bank of New York (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 3.--Federal Home Loan Bank of Pittsburgh (1999 NOW/DDA 
Services)

Standard Fee Schedule
Effective Date 1/1/99
Deposit Processing Service (DPS)
DPS Deposit Tickets: $0.6000 per deposit
Printing of Deposit Tickets. Pass-through
Deposit Items Processed for volumes of: (pricing varies--tiered by 
monthly volume)
    1-25,000: $0.0395 per item (transit)
    25,001-58,500: $0.0390 per item (transit)
    58,501-91,500: $0.0385 per item (transit)
    91,501-125,000: $0.0380 per item (transit)
    125,001-158,500: $0.0365 per item (transit)
    158,501-191,500: $0.0345 per item (transit)
    191,501-over: $0.0315 per item (transit)
Deposit Items Encoded (West) for volumes of: (pricing varies--tiered 
by monthly volume)
    1-25,000 $0.0390 per item
    25,001-58,500: $0.0386 per item
    58,501-91,500: $0.0382 per item
    91,501-125,000: $0.0378 per item
    125,001-158,500: $0.0365 per item
    158,501-191,500: $0.0360 per item
    191,501-over: $0.0355 per item
Deposit Items Encoded (East) for volumes of: (pricing varies--tiered 
by monthly volume)
    1-25,000: $0.0345 per item
    25,001-58,500: $0.0340 per item
    58,501-91,500: $0.0335 per item
    91,501-125,000: $0.0330 per item
    125,001-158,500: $0.0315 per item
    158,501-191,500: $0.0305 per item
    191,501-over: $0.0299 per item
Deposit Items Returned: $2.5000 per item
Deposit Items Photocopied: $3.9500 per photocopy

[[Page 16455]]

DPS Photocopies-Subpoena: $19.0000 per hour of processing time,
    Plus: $0.2500 per photocopy
Deposit Items Rejected (applicable to pre-encoded deposits $0.2300 
per rejected item
Canadian Item Processing: $5.2500 per item
All Foreign Collection Charges: (Includes Foreign Collection Fees, 
Bought Foreign Collection Fees, Foreign Bank Processing Charges, and 
(Foreign Check Courier Charges)
Foreign Return Check Fee: $28.0000 per item
DPS Transportation (West): $9.2500 per pickup
DPS Transportation (East): $9.2500 per pickup
Return Check Courier Service: $135.0000 per month

Depository Account Services

``On-Us'' Returns Deposited:
    Qualified Returns: $0.7000 per item
    Raw Returns: $2.5000 per item
Mail Deposits: $5.7500 per deposit
Bond Collection:
    Bearer: $30.0000 per bond
    Registered: $40.0000 per item
Bond Coupon Collection: $7.5000 per envelope
Bond Coupon Returns: $30.0000 per coupon
Deposit Transfer Vouchers: $5.7500 per item

Electronic Funds Transfers

Incoming Wire Transfers: $6.2500 per transfer
Outgoing Wire Transfers (LINK): $7.0000 per transfer
Outgoing Wire Transfers (Manual): $10.5500 per transfer
Fax of Wire Transfer Advice: $3.5000 per transfer
Internal Book Transfers (LINK): No Charge
Internal Book Transfers (Manual); $1.1000 per transfer
Foreign Wire Surcharge: $32.5000 per transfer *
Foreign Wire Tracers: Pass-through
Mortgage Participation Service Fee: $3.2000 per transfer
Expected Wires Not Received: Penalty Assessed **

Automated Clearing House

ACH Transaction Settlement (CR/DR): $0.2800 per transaction
ACH Origination Items (CR/DR): $0.2200 per item
ACH Origination Record Set-Up: $1.7500 per record
ACH Origination Items Returned: $6.0000 per returned item
ACH Returns/NOCs-Facsimile: $2.2500 per transaction
ACH Returns/NOCs-Telephone: $3.6500 per transaction
ACH/FRB Priced Service Charges: $0.2900 per transaction

    * Note: This surcharge will be added to the amount of the 
outgoing funds transfer to produce a single total debit to be 
charged to the customer's account on the date of transfer.
    ** Note: Standard penalty is equivalent to the amount of the 
wire(s) times the daily IOD rate, divided by 360. If the wire not 
received causes the Bank to suffer any penalty, deficiency, or 
monetary loss, any and all related costs will also be assessed.

Federal Reserve Settlement

FRB Statement Transaction (CR/DR); $0.5900 per transaction
Reserve Requirement Pass-Thru $30.000 per month (active)
Correspondent Transaction (DR): $0.5900 per transaction
Direct Send Settlement: $150.0000 per month
FRB Inclearing Settlement: $150.0000 per month
FRB Coin & Currency Settlements: $40.0000 per month

Demand Deposit Services

Clearing Items Processed:$0.1600 per item
Clearing Items Fine Sorted (for return with Bank statements): 
$0.0800 per item
Reconcilement Copies-Manual: $0.1100 per copy
Reconcilement Copies-MagTape: $0.0540 per copy
Reconcilement MagTape Processing: Pass-through
Reconcilement Copies-Voided: $0.0450 per copy
Check Photocopies-Mail: $3.9500 per photocopy
Check Photocopies-Telephone/Fax: $4.7500 per photocopy
Check Photocopies-Subpoena: $0.7000 per photocopy
Stop Payment Orders: $17.7500 per item
Stop Payment Cancellations: $9.0000 per cancelled item
FRB Return Items Qualified: $0.2600 per item
FRB Return Items Processed: $0.4400 per item
FRB Return Items Over: $2,500: $6.0000 per item
Collections & Forgeries: $17.5000 per item
Check Imprinting: Pass-through
Request for Fax/Photocopy: $4.7500 per document/page

Check Processing (Inclearing)

Checks Processed for volume of: (pricing varies--tiered by monthly 
volume)
    1-25,000: $0.0460 per item
    25,001-58,500: $0.0435 per item
    58,501-91,500 $0.0409 per item
    91,501-125,000 $0.0383 per item
    125,001-158,500: $0.0355 per item
    158,501-191,500: $0.0329 per item
    191,501-350,000: &0.0298 per item
    350,001-500,000: $0.0272 per item
    500,001-over: $0.0247 per item

Full Backroom Service (Item Processing Charges)

Non-Truncated Checks for volumes of: (pricing varies--tiered by 
monthly
1-25,000: $0.0598 per item
25,001-58,500: $0.0588 per item
58,501-91,500: $0.0572 per item
91,501-125,000: $0.0557 per item
125,001-158,500: $0.0542 per item
158,501-191,500: $0.0527 per item
191,501-350,000: $0.0512 per item
350,001-500,000: $0.0475 per item
500,001-over: $0.0445 per item
Truncated Checks for volumes of: (pricing varies--tiered by monthly 
volume)
    1-25,000: $0.0498 per item
    25,001-58,500: $0.0488 per item
    58,501-91,500: $0.0472 per item
    91,501-125,000: $0.0457 per item
    125,001-158,500: $0.0442 per item
    158,501-191,500: $0.0427 per item
    191,501-350,000: $0.0412 per item
    350,001-500,000: $0.0375 per item
    500,001-over: $0.0345 per item

Modified Backroom Service (Item Processing Charges)

Non-Truncated Checks for volumes of: (pricing varies--tiered by 
monthly volume)
    1-25,000: $0.0498 per item
    25,001-58,500: $0.0488 per item
    58,501-91,500: $0.0472 per item
    91,501-125,000: $0.0457 per item
    125,001-158,500: $0.0442 per item
    158,501-191,500: $0.0427 per item
    191,501-350,000: $0.0412 per item
    350,001-500,000: $0.0375 per item
    500,001-over: $0.0345 per item
Truncated Checks for volumes of: (pricing varies--tiered by monthly 
volume)
    1-25,000: $0.0398 per item
    25,001-58,500: $0.0388 per item
    58,501-91,500: $0.0372 per item
    91,501-125,000: $0.0357 per item
    125,001-158,500: $0.0342 per item
    158,501-191,500: $0.0327 per item
    191,501-350,000: $0.0312 per item
    350,001-500,000: $0.0275 per item
    500,001-over: $0.0245 per item

Image Services

Proof Of Deposit (POD) Service

    Pricing for each of these premium services is customer-specific, 
based upon individual service requirements; please call your 
Relationship Officer at (800) 288-3400 for further information.

Check Processing (Associated Services)

Unidentified Items Processed: $1.9500 per item
Over-The-Counter Items: $0.1900 per item
OTC Item Transportation: $10.0000 per month
Special Cycle Sorting: $0.0220 per item
Mid-Cycle Statement (Purged): $0.5500 per item (Min $2.75)
Mid-Cycle Stmt. (Non-Purged): $2.7500 per statement
Statement Printing: $0.0300 per page
Statement Processing:
    Statements using Generic Envelopes: $0.0640 per envelope
    Statements using Custom Envelopes: $0.1075 per envelope
    Statements using Large Envelopes: $0.6500 per envelope
Envelope Destruction Fee: $0.0300 per envelope
Additional Stuffer Processing (one stuffer per statement free--
applicable to all additional stuffer): $0.0275 per stuffer
Selective Stuffer Processing: $0.1000 per statement
Daily Report Postage: Pass-through
Statement Postage: Pass-through
Standard Return Calls: $1.4500 per item
Automated Return Calls: $0.2900 per item
Return Calls via Link: $0.7700 per item
Late Return Calls: $5.0000 per item
FRB Return Items Qualified: $0.2600 per item
FRB Return Items Processed: $0.4400 per item

[[Page 16456]]

FRB Return Items Over $2,500: $6.0000 per item
Suspect Item Processing: $5.0000 per suspect item
Check Photocopies--Mail: $3.9500 per photocopy
Check Photocopies--Telephone/Fax: $4.7500 per photocopy
Check Photocopies--Subpoena: $0.7000 per photocopy
Signature Verification Copies: $0.8000 per copy
Check Retrieval: $1.7500 per item
MICRSort Option (Fixed Fee): $27.8500 per month
MICRSort Option (per item): $0.0320 per item
Collections & Forgeries: $17.5000 per item
MCPJ Microfiche Service (Min. $20.00, Max. $100.00): $0.0022 per 
item
Transportation: Pass-through

Coin & Currency Service: Western Service Area

Cash Orders: $2.5000 per order, plus:
    Currency Orders:$0.3400 per $1,000*
    Coin Orders: $2.5500 per box
Currency Deposits: $1.3500 per $1,000*
Coin Deposits: $1.9500 per standard bag
Coin Deposits (Non-Standard): $3.0000 per non-standard bag
Coin Deposits (Unsorted): $9.0000 per mixed bag
Food Stamp Deposits: $2.0000 per $1,000*
Late Order Surcharge: $5.0000 per order
Coin Shipment Surcharge: $0.2700 per excess bag**
C&C Transportation (Zone W1): $17.5000 per stop
C&C Transportation (Zone W2): $29.5000 per stop
C&C Transportation (Zone W3): $40.0000 per stop
C&C Transportation (Zone W4): Negotiable ***

Coin & Currency Service: Eastern Service Area

Cash Orders: $2.5000 per order, plus:
    Currency Orders: $0.3400 per $1,000*
    Coin Orders: $3.0000 per box
Currency Deposits: $1.3500 per $1,000*
Coin Deposits: $1.9500 per standard bag
Coin Deposits (Non-Standard): $3.0000 per non-standard bag
Coin Deposits (Unsorted): $9.0000 per mixed bag
Food Stamp Deposits: $2.0000 per $1,000*
Late Order Surcharge: $5.0000 per order
Coin Shipment Surcharge: $0.2700 per excess bag**
C&C Transportation (Zone E1): $26.5000 per stop
C&C Transportation (Zone E2): $36.7500 per stop
C&C Transportation (Zone E3): $55.0000 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.

Account Maintenance

Demand Deposit Accounts: $22.2500 per month, per account
Cut-Off Statements: $11.5000 per statement
Telephone Inquiry: $2.2500 per telephone call
Paper Advice of Transactions (DTS): $30.0000 per account, per month
Daily Transaction Data via LINK: No Charge

Monthly Minimum Charges

    The Bank reserves the right to impose a monthly minimum charge 
for its services. The standard minimum for 1999 will be $2,000 per 
month, applied against Check Processing, Deposit Processing, and/or 
Proof of Deposit Services. Pass-through items, such as postage and 
transportation, do not apply.

Account Overdraft Penalty

    Greater of $75.00 per day and the daily interest on the amount 
of the overdraft (Rate used for calculation equal to the highest 
posted advance rate plus 3.0%)

Requests for Programming Changes

    Programming support for new services, enhancements to existing 
service levels, or servicer conversions requiring at least one hour 
of programmer time and/or equivalent FHLB expenses will be charged 
at a rate of $100.00 per hour, plus expenses.

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.
Custom Pricing--Extension Agreements
Effective Date 1/1/99
Deposit Processing Service (DPS)
DPS Deposit Tickets: $0.6000 per deposit
Printing of Deposit Tickets: Pass-through
Deposit Items Processed for volumes of pricing varies--tiered by 
monthly volume:
    1-25,000: $0.0385 per item (transit)
    25,001-58,500: $0.0379 per item (transit)
    58,501-91,500: $0.0374 per item (transit)
    91,501-125,000: $0.0368 per item (transit)
    125,001-158,500: $0.0363 per item (transit)
    158,501-191,500: $0.0345 per item (transit)
    191,501-over: $0.0315 per item (transit)
Deposit Items Encoded (West) (Pricing varies--tiered by monthly 
volume) for volumes of:
    1-25,000: $0.0390 per item
    25,001-58,500: $0.0386 per item
    58,501-91,500: $0.0382 per item
    91,501-125,000: $0.0378 per item
    125,001-158,500: $0.0365 per item
    158,501-191,500: $0.0360 per item
    191,501-over: $0.0355 per item
Deposit Items Encoded (East) (Pricing varies--tiered by monthly 
volume) for volumes of:
    1-25,000: $0.0345 per item
    25,001-58,500: $0.0340 per item
    58,501-91,500: $0.0335 per item
    91,501-125,000: $0.0330 per item
    125,001-158,500: $0.0315 per item
    158,501-191,500: $0.0305 per item
    191,501-over: $0.0299 per item
Deposit Items Returned: $1.9000 per item
Deposit Items Photocopied $3.7500 per photocopy
DPS Photocopies--Subpoena: $19.0000 per hour of processing time
Plus $0.2500 per photocopy
Deposit Items Rejected (applicable to pre-encoded deposits only): 
$0.2300 per rejected item
DPS Transportation (West): $8.9000 per pickup
DPS Transportation (East): $8.9000 per pickup
Return Check Courier Service: $130.0000 per month

Coin & Currency Service: Western Service Area

Cash Orders: $2.5000 per order, plus:
    Currency Orders: $0.3300 per $1,000 *
    Coin Orders: $2.5000 per box
Currency Deposits: $1.3200 per $1,000*
Coin Deposits: $1.9000 per standard bag
Coin Deposits (Non-Standard): $2.9500 per non-standard bag
Coin Deposits (Unsorted): $8.7500 per mixed bag
Food Stamp Deposits: $1.8500 per $1,000 *
Late Order Surcharge: $5.0000 per order
Coin Shipment Surcharge: 0.2700 per excess bag **
C&C Transportation (Zone W1): $17.1000 per stop
C&C Transportation (Zone W2): $28.9500 per stop
C&C Transportation (Zone W3): $38.5000 per stop
C&C Transportation (Zone W4): Negotiable ***

Coin & Currency Service: Eastern Service Area

Cash Orders: $2.5000 per order, plus:
    Currency Orders: $0.3300 per $1,000*
    Coin Orders: $2.9500 per box
Currency Deposits: $1.3200 per $1,000*
Coin Deposits $1.9000 per standard bag
Coin Deposits (Non-Standard): $2.9500 per non-standard bag
Coin Deposits (Unsorted): $8.750 per mixed bag
Food Stamp Deposits: $1.8500 per $1,000 *
Late Order Surcharge: $5.0000 per order
Coin Shipment Surcharge: $0.2700 per excess bag**
C&C Transportation (Zone E1): $25.8500 per stop
C&C Transportation (Zone E2): $35.9000 per stop
C&C Transportation (Zone E3): $55.0000 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.

[[Page 16457]]

    ** 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: $0.0448 per item
    25,001-58,500: $0.0426 per item
    58,501-91,500: $0.0402 per item
    91,501-125,000: $0.0378 per item
    125,001-158,500: $0.0349 per item
    158,501-191,500: $0.0324 per item
    191,501-350,000: $0.0298 per item
    350,001-500,000: $0.0272 per item
    500,001-over: $0.0247 per item

Full Backroom Service (Item Processing Charges)

Non-Truncated Checks for volumes of (pricing varies--tiered by 
monthly volume):
    1-25,000: $0.0589 per item
    25,001-58,500: $0.0574 per item
    58,501-91,500: $0.0559 per item
    91,501-125,000: $0.0544 per item
    125,001-158,500: $0.0529 per item
    158,501-191,500: $0.0514 per item
    191,501-350,000: $0.0499 per item
    350,001-500,000: $0.0469 per item
    500,001-over: $0.0439 per item
Trucated Checks for volumes of (pricing varies--tiered by monthly 
volume):
    1-25,000: $0.0489 per item
    25,001-58,500: $0.0474 per item
    58,501-91,500: $0.0459 per item
    91,501-125,000: $0.0444 per item
    125,001-158,500: $0.0429 per item
    158,501-191,500: $0.0414 per item
    191,501-350,000: $0.0399 per item
    350,001-500,000: $0.0369 per item
    500,001-over: $0.0339 per item

Modified Backroom Service (Item Processing Charges)

Non-Truncated Checks for volumes of (Pricing varies--tiered by 
monthly volume):
    1-25,000: $0.0489 per item
    25,001-58,500: $0.0474 per item
    58,501-91,500: $0.0459 per item
    91,501-125,000: 0.0444 per item
    125,001-158,500: $0.0429 per item
    158,501-191,500: $0.0414 per item
    191,501-350,000: $0.0399 per item
    350,001-500,000: $0.0369 per item
    500,001-over: $0.0339 per item
Truncated Checks for volumes of (Pricing varies--tiered by monthly 
volume):
    1-25,000: $0.0389 per item
    25,001-58,500: $0.0374 per item
    58,501-91,500: $0.0359 per item
    91,501-125,000: 0.0344 per item
    125,001-158,500: $0.0329 per item
    158,501-191,500: $0.0314 per item
    191,501-350,000: $0.0299 per item
    350,001-500,000: $0.0269 per item
    500,001-over: $0.0239 per item

Check Processing (Associated Services)

Unidentified Items Processed: $1:9500 per item
Over-The-Counter Items: $0.1900 per item
OTC Item Transportation: $10.0000 per month
Special Cycle Sorting: $0.0220 per item
Mid-Cycle Statement (Purged): $0.5500 per item (Min $2.75)
Mid-Cycle Stmt. (Non-Purged): $2.7500 per statement
Check (NOW) Statement Processing:
    Statements using Generic Envelopes: $0.0620 per envelope
    Statements using Custom Envelopes: $0.1050 per envelope
    Statements using Large Envelopes: $0.5900 per envelope
Envelope Destruction Fee: $0.0300 per envelope
Additional Stuffer Processing (one stuffer per statement free--
applicable to all additional stuffers): $0.0250 per stuffer
Selective Stuffer Processing: $0.0700 per statement
Daily Report Postage: Pass-through
Statement Postage: Pass-through
Standard Return Calls: $1.3500 per item
Automated Return Calls: $0.2700 per item
Return Calls via Link: $0.2700 per item
Late Return Calls: $5.0000 per item
Suspect Item Processing: $5.0000 per item
FRB Return Items Qualified: $0.2200 per item
FRB Return Items Processed: $0.4300 per item
FRB Return Items Over $2,500: $6.0000 per item
Check Photocopies--Mail: $3.9500-per photocopy
Check Photocopies--Telephone/Fax: $4.7500 per photocopy
Check Photocopies--Subpoena: $0.7000 per photocopy
Signature Verification Copies: $0.8000 per copy
Check Retrieval: $1.6000 per item
MICRSort Option (Fixed Fee): $27.8500 per month
MICRSort Option (per item): $0.0320 per item
MCPJ Microfiche Service (Min. $20.00, Max. $100.00): $0.0022 per 
item
Collections and Forgeries: $17.5000 per item
Transportation: Pass-through

Attention: Customers Receiving Transportation Charges Under Any Service

    Rates and charges relative to transportation vary depending on 
the locationof the office(s) serviced. Details regarding the pricing 
for the transportation to/from specific instructions 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.

Monthly Minimum Charges

    The Bank reserves the right to impose a monthly minimum charge 
for its services. The standard minimum for 1999 will be $2,000 per 
month, applied against Check Processing, Deposit Processing, and/or 
Proof of Deposit Services. Pass-through items, such as postage and 
transportation, do not apply.

Requests for Programming Changes

    Programming support for new services, enhancements to existing 
service levels, or servicer conversions requiring at least one hour 
of programmer time and/or equivalent FHLB expenses will be charged 
at a rate of $100.00 per hour, plus expenses.

District 4.--Federal Home Loan Bank of Atlanta (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 5.--Federal Home Loan Bank of Cincinnati (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 6.--Federal Home Loan Bank of Indianapolis (1999 NOW/DDA 
Services)

FEE SCHEDULES

a. Checking Account Processing

Effective January 1, 1997

I. Checking Account Service Transaction Charges

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                             Turnaround                  Full service image*     Limited service image*
                                                               Safekeeping   (daily or     Complete  ---------------------------------------------------
                        Monthly volume                          (per item)    cycled)     (per item)                   Per                       Per
                                                                             (per item)                 Per item    statement     Per item    statement
--------------------------------------------------------------------------------------------------------------------------------------------------------
0-5,000......................................................        $.053       $.0635        $0875         $.06         $.40         $.02         $.40
5-10,000.....................................................         .045        .0585        .0855          .06          .40          .02          .40
10-15,000....................................................         .044        .0545        .0835          .06          .40          .02          .40
15-25,000....................................................         .039        .0475        .0825          .06          .40          .02          .40
25-50,000....................................................         .038        .0435        .0805          .06          .40          .02          .40
50-75,000....................................................         .034        .0405        .0765          .06          .40          .02          .40
75-100,000...................................................         .031        .0375        .0755          .06          .40          .02          .40
100-and up...................................................         .029        .0345        .0745          .06          .40          .02          .40
--------------------------------------------------------------------------------------------------------------------------------------------------------


[[Page 16458]]

II. Ancillary Service Fees

Large Dollar Signature Verification: $0.50
Over-the-counters and Microfilm: $0.035
Return Items: $2.40
Photocopies** and Facsimiles: $2.50
Certified Checks: $1.00
Invalid Accounts: $0.50
Late Returns: $0.50
Invalid Returns: $0.50
No MICR/OTC: $0.50
Settlement Only: $100.00 per month
  +Journal Entries: $3.00 each
Encoding Errors: $2.75
Fine Sort Numeric Sequence: $0.02
Access to Infoline: $50.00 per month
High Dollar Return Notification: N/C
Debit Entries: N/C
Debit Entries: N/C
Standard Stmt. Stuffers (up to 2)***: N/C

    Minimum processing fee of $40.00 per month will apply for total 
NOW services. Also included in the above fees--at no additional cost 
are Federal Reserve fees, incoming courier fees, software changes, 
disaster recovery, envelope discount and inventory.
    /*Image Monthly Maintenance Fee of $500.00 for 0-32% of 
accounts; $300.00 for 33-49% of accounts; and $200.00 for 50%+ will 
be assessed for Image Statements.
    /**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.

b. Demand Deposits Accounts / ACH

Item Processing Service Fees

Cash Management Service

    Demand deposit clearings will have the following service 
charges:

Stop payments: $6.00 per stop
Photocopies: $2.50 per copy
Collection/Return/Exception: $5.00
Daily Statement: $2.00
Maintenance: $30.00 per month
Debit Entries: N/C
Credit Entries: N/C

ACH Fees

Tape transmission: $8.50 per tape
    or originations: $.045 per item
NACHA, MPX: Actual Federal Reserve charges
ACH entries clearing through our R&T number: $.25 per item
Settlement only: $65.00 per month
ACH returns/NOC: $2.50 per item

    Collected balances will earn interest at CMS daily posted rate.
    Prices effective April 1, 1993.

c. Deposit Services

Federal Home Loan Bank of Indianapolis

Pre-encoded Items:
    City: $0.04 per item
    RCPC: $.05 per item
    Other Districts: $.085 per item
Unencoded: $.165 per item
Food Stamp: $.14 per item
Photocopies: $2.50 per copy
Adjustments on pre-encoded work: $2.75 per error
EZ Clear: $.14 per item
Coupons: $8.25 per envelope
Collections: $6.00 per item
Cash Letter: $2.00 per cash letter
Deposit Adjustments: $.30 per adjustment
Debit Entries: N/C
Credit Entries: N/C
Microfilming: N/C
Mortgage Remittance (Basic Service): $.35
Settlement only: $100.00 per month
  +Journal Entries: $3.00 each
Courier* Indianapolis (city): $8.25 per location, per day, per 
pickup

*Outside Indianapolis: Prices vary per location.
    N/C--No Charge.
    Prices effective February 1, 1998.

District 7.--Federal Home Loan Bank of Chicago (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 8.--Federal Home Loan Bank of Des Moines (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 9.--Federal Home Loan Bank of Dallas (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 10.--Federal Home Loan Bank of Topeka (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 11.--Federal Home Loan Bank of San Francisco (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

District 12.--Federal Home Loan Bank of Seattle (1999 NOW/DDA 
Services) (Does not provide item processing services for third 
party accounts)

    By the Federal Housing Finance Board.

    Dated: March 29, 1999.
William W. Ginsberg,
Managing Director.
[FR Doc. 99-8294 Filed 4-2-99; 8:45 am]
BILLING CODE 6725-01-M