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NOTICE
- Pursuant to the Right to Financial Privacy Act, Title 12,
United States Code, Section 3415, financial institutions may be reimbursed
for
necessary costs actually incurred. The Federal Reserve Board has
established the
following guidelines:
- Search and Processing Costs - May be billed at the rate of $2.50
per
quarter hour, or fraction thereof, for time spent by employees locating and
retrieving documents, reproducing documents, or packaging and preparing
documents
for shipment. Computer time and necessary supplies may also be billed if
itemized separately.
- Reproduction Costs - May be billed at a rate of 15 cents per page.
- Transportation Costs - May bill for direct costs incurred to transport
employees to locate and retrieve material required. May also bill for
direct
costs incurred in transporting material to location required by legal
process.
- An itemized bill or invoice must be furnished to the United States
Attorney
in order to receive reimbursement. However, reimbursement may be made only
in
connection with the following types of financial records: checking, savings,
share, loan or credit account records pertaining to accounts of
individuals
or partnerships of five or fewer partners. Reimbursement cannot
be
made for records relating to accounts of;
- Corporations
- Large Partnerships (6 or more partners)
- Associations
- Trusts
- Government Agencies
- Other Legal Entities
You may refer to 12 C.F.R. 219, for more detailed guidelines.
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