The Board of Governors of the Federal Reserve System announced its intent to keep the majority of Federal Reserve Financial Services fees essentially flat in 2021. This approach recognizes the challenges created by COVID-19 and the difficulty financial institutions face in projecting 2021 volumes and expenses. We hope that keeping pricing changes minimal will provide relief for our customers during uncertain times.
In addition to fees set by the Federal Reserve, the Federal Reserve Banks also collect securities fees set by the U.S. Department of the Treasury. These fees have not yet been determined for 2021. We will publish final 2021 Federal Reserve Financial Services fees on the Service Fees page later this year.