Federal Reserve Banks accept only genuine, U.S. currency for deposit. Deposits of the following are NOT accepted at the Federal Reserve Banks:
Institutions should forward counterfeit or unlawfully altered currency directly to their local U.S. Secret Service office. If the Federal Reserve Banks detect counterfeit or unlawfully altered currency in an institution’s deposit, it is forwarded to the Secret Service, and the institution is charged for the difference.
Employees preparing currency for deposit with the Federal Reserve Banks should reference the following Deposit Quality Standards periodically to ensure your institution is following the proper procedures.
Currency Deposit Quality Standards:
For details about currency depositing procedures, please refer to the Cash Services Manual of Procedures. To view examples of correct and incorrect deposit procedures, please refer to the Deposit Visual Reference Guide.
In accordance with the Federal Reserve’s Recirculation Policy, which has been in effect since March 2006, institutions should carefully review their deposit and order practices to avoid cross-shipping or, in cases where cross-shipping is necessary, plan for payment of a Recirculation Fee.
As of July 2007, a cross-shipping fee is charged to institutions that deposit fit $10 or $20 notes at a Reserve Bank and then order the same denomination, above a de minimis amount, during the same business week within a Federal Reserve Bank Zone or Sub-zone.
Please refer to the Currency Recirculation Policy for details.
For each endpoint, normal cash service is one deposit and one order of currency per week. The Federal Reserve Bank recognizes that factors such as volume and cost may require less frequent service to some endpoints and more frequent service to others.
We may, at our discretion, reduce cash orders to maintain currency inventories. The Federal Reserve Bank may refuse deposits, defer or reverse credit, and/or return deposits if a Depository Institution fails to comply with any of the terms of Operating Circular 2. Returns are at the Depository Institution's risk and expense.
Please refer to the Uniform Cash Access Policy (UCAP) (PDF) for additional information.
Standard units for depositing and ordering are as follows:
(1,000 Notes/10 Straps)
|Standard ABA Color Code|
Vendor Info (XLS)
* Optional vendors for all customers except New York customers who must use a vendor from this list.
Institutions may order currency via FedLine® Web.
Address comments and questions to the Financial Services Webmaster.
©2013 Federal Reserve Banks