Effective September
16, 1987
9-1577
The Board has adopted the following factors that it
will consider when evaluating proposals to consolidate Reserve Bank
priced services across District lines:
a.
Maintenance
or improvement of cost recovery in a service
b.
Improvement of the efficiency of Federal Reserve Bank operations
c.
Maintenance
or improvement of the level or quality of service
d.
Responsiveness
to changes in the financial-services industry
e.
Effect on private-sector providers of the service
f.
Effect on users of the service
The Board will use the following procedures when implementing
consolidation of Federal Reserve Bank priced services across District
lines:
1.
Public
comment will be solicited when changes in fees and service arrangements
are proposed that would have significant longer-run effects on the
nation’s payments mechanism. Public comment will also be solicited
the first time any Reserve Bank priced service is proposed for consolidation
across District lines.
2.
Advance
notice prior to implementing an inter-District consolidation will
be at least 60 days and may be longer to enable private-sector users
and providers of the service a reasonable amount of time to adjust
to the change.
