Custody Fees

Custody Fees will be charged to you by the Document Custodian when errors are found on your custody documents.

Custody Exception Fees

You will be charged a fee of $3.50 per exception that is identified on your collateral file by the Document Custodian.

Your Custody Fee Invoices are available to you via the Report Tab/Custody Reports at the eMPF website. Share the final invoice with your bookkeeping/accounting staff so they can ensure there are funds in your general eAdvantage DDA at the FHLB Des Moines to cover these incidental fees. 

Custody Exception Correction Fees (ECF) Invoice
The first week of the month, a preliminary invoice for loan exceptions identified during the previous month will be posted at the eMPF website. You may submit a rebuttal for any exceptions you disagree with by contacting the MPF Custody Department. They will review, investigate and adjust the invoice accordingly. 

Custody Exception Correction Fees Final (ECF) Invoice
The final invoice will post just prior to the 18th of each month. The final amount will be deducted from your general eAdvantage DDA on the 18th of the month (if the 18th falls on a non-business day, the fee will be deducted on the business day prior to the 18th). Be sure to have sufficient funds in your general eAdvantage DDA to cover these fees; lack of funds will result in an insufficient funds charge.