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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/department/FEDERAL_RESERVE_SYSTEM/2009-04-06/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Sun, Mar 21 2010 11:00:00 GMT</pubDate>
    <lastBuildDate>Sun, Mar 21 2010 11:00:00 GMT</lastBuildDate>
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  <title><![CDATA[
Federal Reserve Bank Services Private Sector Adjustment Factor]]></title>
  <link>http://thefederalregister.com/d.p/2009-04-06-E9-7473</link>
  <description><![CDATA[ The Board requests comment on proposed modifications to its 
method for calculating the privatesector adjustment factor (PSAF). The 
PSAF is part of the Board's calculation, as required by the Monetary 
Control Act of 1980 (MCA), to establish the fees that Federal Reserve 
Banks (Reserve Banks) charge for certain financial services provided to 
depository institutions (DIs). Consideration of a new PSAF methodology 
was prompted by the reduction in clearing balances held by DIs at 
Reserve Banks following the Board's recent implementation of the 
payment of interest on required reserve balances and excess balances 
held at Reserve Banks, as well as by longterm changes in the structure 
of the market for providing payment services to DIs. The existing PSAF 
calculation model, which is built upon a correspondent bank framework, 
is driven primarily by the level of clearing balances held by DIs at 
Reserve Banks. The expected continued reduction in clearing balances 
will make the current PSAF calculation method<script type="text/javascript">
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  <guid>http://thefederalregister.com/d.p/2009-04-06-E9-7473</guid>
  <pubDate>Mon, Apr 6 2009 11:00:00 GMT</pubDate>
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