When might the Federal Reserve Board request public comment on a priced service?
The Committee on Federal Reserve Bank Affairs (Committee) has considered guidelines that could be used by Board staff and the Committee as input to their assessment of whether a proposal related to Federal Reserve priced services should be subject to public comment before adoption. These guidelines help ensure greater consistency in interpreting the Board’s pricing principle requiring public comment “when changes in fees and service arrangements are proposed that would have significant longer-run effects on the nation’s payments systems.” Public comment on matters related to Reserve Bank priced service should be requested in the following circumstances: • The Board proposes changes to its pricing principles. • A Federal Reserve Bank plans to enter a new priced service line or significantly expand or modify an existing service line. • All Federal Reserve Banks plan to withdraw from a current service line. • The Federal Reserve Banks plan to recover less than the short-run average variab
When might the Federal Reserve Board request public comment on a priced service?