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Custodial Inventory Program

The January issue of FedFocus^SM (PDF) is now available. The article ”Cash Counts: Taking Stock of FedCash Services Today” on page 9 of the printed issue contains an error. In the second paragraph, third sentence under the Custodial Inventory (CI) Program eligibility requirements, the sentence that reads "200,000 bundles per week" has been corrected to read "200,000 notes per week". The existing CI Program requirements have not changed. Please take this opportunity to review the CI Program requirements below or read the accurate online version of the FedFocus (PDF) article.

A custodial inventory is currency transferred to the Federal Reserve Banks' books, but physically held by a financial institution within its secured facility, reducing the investment cost of holding currency long enough to recirculate it to customers. The Federal Reserve Banks' Custodial Inventory Program is available only for $10 and $20 notes. For more information regarding the Custodial Inventory Program or to begin the application process please review the following:

• Custodial Inventory Program Fact Sheet (PDF)
• Custodial Inventory Roadmap (PDF)

Updated Custodial Inventory Manual of Procedures Now Available for Review

Effective May 5, 2008, an updated Custodial Inventory Manual of Procedures (MOP) will govern the operations of all institutions participating in the Custodial Inventory Program. Review the Custodial Inventory MOP High Level of Summary Changes (PDF) to learn more about specific changes included in the updated Custodial Inventory MOP.

Custodial Inventory Manual of Procedures (Effective 05/05/08)

• Custodial Inventory Manual of Procedures (MOP) (Effective 05/05/08) (PDF)
  • Exhibit 1: Custodial Inventory Vault Access Log (Effective 05/05/08) (PDF)
  • Exhibit 2: Daily Custodial Inventory Vault Balance Report (Effective 05/05/08) (PDF)
  • Exhibit 3: Daily Review Log CCTV Cameras, VCRs, or Digital Recording Equipment (Effective 05/05/08) (PDF)
  • Exhibit 4: Weekly Review Log CCTV Quality of Recordings and Fields of View (Effective 05/05/08) (PDF)
  • Exhibit 5: Monthly Unannounced Management Inventory (Effective 05/05/08) (PDF)
  • Exhibit 6: Monthly Unannounced Management Inventory (with Management Designee) (Effective 05/05/08) (PDF)
  • Exhibit 7: Annual Compliance Certification for Custodial Inventory Program (Effective 05/05/08) (PDF)
  • Exhibit 8: Signature Listing (Effective 05/05/08) (PDF)
  • Exhibit 9: Custodial Inventory Program Compliance Form (Effective 05/05/08) (PDF)
  • Exhibit 10: Change Request to the Custodial Inventory Application Form and Agreement (Effective 05/05/08) (PDF)
  • Exhibit 11: Prior On-Site DI Vault Holdings and Payments Template (Effective 05/05/08) (xls)

To determine if you are ready to apply for the Custodial Inventory Program, review the Custodial Inventory eLearning Tool. Ready to begin the application process? Please complete the Custodial Inventory application (DOC).

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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