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Reminder: Review your Statement of Service Charges each month

During your annual planning, be sure to schedule time to review your Statement of Service Charges each month to ensure accuracy. Notify the Federal Reserve Banks as soon as possible if you believe there is an error.

As a reminder, the Statement of Service Charges details service charges for your financial institution based on services performed by the Federal Reserve Banks. The monthly Statement of Service Charges for services rendered is produced on the third business day of the month and is available to customers on the fourth business day of the month.

ACTION ITEM: Visit Operating Circular 1 for more information about service charges.

The Account Management Guide (PDF) offers additional guidance and examples. For questions about your monthly Statement of Service Charges, contact Accounting Customer Support at (800) 309-6156.