1. All activities incident to the provision of priced services will be
conducted in a manner that is fully consistent with the public role and
responsibilities of the Federal Reserve.
2. Federal Reserve services will be offered on a fair and equitable basis
to all depository institutions on similar terms and conditions. The prices
charged will be in accordance with the requirements of the MCA as implemented
by policies of the Board of Governors.
3. Reserve Banks will provide full and accurate information regarding the
provision of Federal Reserve services (including features, quality, prices,
and operating requirements) to enable depository institutions to make
informed decisions. Comparisons of its services with those of other providers
will be fair and objective.
4. When introducing or revising services, Reserve Banks will announce such
changes to the public in a manner that will ensure that communications reach
all interested depository institutions in sufficient time to enable them to
make appropriate adjustments.
