If we are talking about laboratory fume hoods that are used for containment and exhaust of hazardous vapors, my experience has been a range of 60 - 100 FPM on face velocity. There are many factors which determine where you want to be in that range, including the degree of hazard involved, as well as the presence room air currents near the hood face which can disturb the face velocity. Face velocities much higher than 100 FPM can cause turbulence which can actually be detrimental to containment of the vapors.
Some good resources for fume exhaust include the book "Industrial Ventilation," published by the American Conference of Governmental Industrial Hygienists, and the ASHRAE Handbook Chapter 13.