Q. 25. Does the Federal Reserve bank also collect notes, drafts, and bills of exchange?

A. Yes. Drafts, notes, coupons, acceptances, etc., are collected without charge other than any exchange charge which may be made by the collecting bank. For items returned unpaid, an additional charge of fifteen cents is made, the purpose of this charge being to prevent the clogging of our facilities with dunning drafts.

No charge is made for collecting coupons other than expenses of registration and insurance or express, plus any charge made by the collecting bank.