The Federal Reserve this week announced upcoming pricing for payment services the Federal Reserve Banks provide to banks and credit unions, such as the clearing of checks, automated clearing house transactions, instant payments, and wholesale payment and settlement services. The changes are effective Jan. 1, 2027.
The Fed expects to recover 101.5% of actual and imputed expenses in 2027, including the return on equity that would have been earned if a private-sector firm provided the services, the central bank said. Overall, price changes for 2027 will result in an estimated 1.4% average price increase for established, mature services.
The Fed also announced the 2027 Federal Open Market Committee meetings schedule, with one change from previous years. The FOMC will hold eight meetings next year, but the Oct. 26-27 meeting will be dedicated to monetary policy discussion with no votes expected.
