Currency Recirculation Policy

On March 17, 2006, the Federal Reserve Board of Governors released a Federal Register Notice regarding the Currency Recirculation Policy. The notice covers revisions intended to reduce overuse of Federal Reserve Bank services, motivate recirculation best practices and reduce the societal cost of providing fit currency. For more information, you may review the following:

Custodial Inventory Program

provides your institution with an option to help offset the opportunity costs associated with holding additional currency in your vaults to facilitate its recirculation. By participating in the Custodial Inventory Program you will be allowed to transfer currency to the Federal Reserve Bank's books, but continue to physically hold the currency within your secured facility.

FedCash Cross-Shipping Reports

provide valuable and timely information regarding your institution's cross-shipping information activity online, allowing your institution better monitor and manage your cross-shipping activity.

Quick Reference Guide

Covered Denominations: $10, $20

De Minimis Exemption: 875 bundles per quarter

Recirculation Fees: $5 per bundle

Subzones: Albuquerque, Anchorage, Central Florida, Charleston, Columbus, Grand Rapids, Honolulu, Indianapolis, Las Vegas, Raleigh-Durham-Chapel Hill, San Diego, and McAllen-Edinburg-Mission (South Texas)

For more detail on these topics, review the OC 2 Referenced Information

For more information about FedCash® Services processing and operations, visit the service offerings pages or consult your local FedCash Services contact.

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