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BOARD APPROVES FEE SCHEDULE FOR FEDERAL RESERVE BANK PRICED SERVICES
October 30, 2008
WASHINGTON, Oct. 30 -- The Federal Reserve Bank issued the following news release:

The Federal Reserve Board on Thursday announced the approval of fee schedules for payment services the Federal Reserve Banks provide to depository institutions (priced services), effective January 2, 2009.

The Reserve Banks project that they will recover 93.7 percent of all their priced services costs in 2009. This cost recovery is heavily influenced by the projected under recovery in . . .

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