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May 17, 2013

Federal Reserve Sets New Pricing for Services

Katten Muchin Rosenman LLP
Jeffrey M. Werthan
Katten Muchin Rosenman LLP
Thursday, November 15, 2012
Administrative & Regulatory / Financial Institutions & Banking
All Federal
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On October 31, the Board of Governors of the Federal Reserve System (Federal Reserve) announced new fees for services provided to depository institutions by the Federal Reserve Banks. This action is required each year pursuant to the Monetary Control Act of 1980. The fees are set to recover, over the long run, "all direct and indirect costs and imputed costs, including financing costs, taxes, and certain other expenses, as well as the return on equity (profit) that would have been earned if a private business firm provided the services." The new fees will be posted here over the next several days. Among other things, prices for the following services are generally due to increase: checks, FedACH, FedWire, FedWire Securities and FedLine Access Solutions.

©2013 Katten Muchin Rosenman LLP

About the Author

Jeffrey M. Werthan
Partner

Head of the firm’s Banking Practice, Jeffrey M. Werthan has more than 25 years of experience representing clients in the financial services industry. His clients include financial institutions and their holding companies, as well as individuals and entities that wish to purchase or to make investments in financial institutions. Mr. Werthan’s practice encompasses bank regulatory and enforcement issues, capital markets and mergers and acquisitions, including those related to the purchase of healthy and distressed institutions.

jeff.werthan@kattenlaw.com
202-625-3569
www.kattenlaw.com

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