Under the Monetary Control Act, for what services are the Federal Reserve Banks required to charge fees?
The services which shall be covered by the schedule of fees under subsection (a) are– • currency and coin services; • check clearing and collection services; • wire transfer services; • automated clearinghouse services; • settlement services; • securities safekeeping services; • Federal Reserve float; and • any new services which the Federal Reserve System offers, including but not limited to payment services to effectuate the electronic transfer of funds. From Statutory Authority for Services Pricing Policy, Monetary Control Act of 1980.
