Section 16
SEC. 16. The Reverse Bank shall receive on deposit at par from member banks checks and drafts drawn by any depositor in other member banks upon funds to the credit of said depositor in said member banks. Nothing herein contained shall be construed as prohibiting a member bank from charging its actual expense incurred in collecting and remitting funds, or for exchange sold to its patrons. The Board shall, by rule, fix the charges to be collected by the member banks from their patrons whose checks are cleared through the Reserve Bank and the charge which may be imposed for the service of clearing or collection rendered by the Reserve Bank. OPEN MARKET OPERATIONS