Custodial Inventory Program

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

Ready to begin the application process? Please complete the Custodial Inventory Application (PDF).

Custodial Inventory Manual of Procedures

The Custodial Inventory Manual of Procedures governs the operations of institutions participating in the Custodial Inventory Program. If you have questions regarding your institution’s Custodial Inventory Program or the updated Manual of Procedures, please contact your local FedCash Services contact.

Custodial Inventory Manual of Procedures

Custodial Inventory Skip Weeks

On the first business day of each business week, the FedLine Web® Solution provides a Minimum Holdings Requirement (MHR) and Inventory CAP (CAP) for the current business week for each Custodial Inventory Vault. These figures are based on the Institution’s Average Daily Payments from a prior business week. Typically, the MHR and CAP are based on the Institution’s Average Daily Payments from the business week two weeks prior. However, data from business weeks exhibiting high payment activity prior to a holiday (as determined by the Federal Reserve) will not be used to determine the MHR and CAP. In these cases, the most recent available business week that does not include pre-holiday payment spikes will be used.

In general, for holidays that fall on a Monday, the previous business week will be excluded from the MHR calculation; for holidays falling later in the business week, the business week of the holiday itself will be excluded. Business weeks that will be excluded from the MHR calculation due to the impact of holiday payment activity will be available from the Federal Reserve at the beginning of each calendar year.

Custodial Inventory Skip Weeks
Holiday Date Skip Week (starting):
Christmas Day December 25, 2020 Monday, December 21, 2020
New Year's Day January 1, 2021 Monday, December 28, 2020
Martin Luther King, Jr. Day January 18, 2021 Monday, January 11, 2021
Presidents' Day February 15, 2021 Monday, February 18, 2021
Memorial Day May 31, 2021 Monday, May 24, 2021
Independence Day July 4, 2021 Monday, June 28, 2021
Labor Day September 6, 2021 Monday, August 30, 2021
Columbus Day October 11, 2021 Monday, October 4, 2021
Veterans' Day November 11, 2021 Monday, November 8, 2021
Thanksgiving Day November 25, 2021 Monday, November 22, 2021
Christmas Day December 25, 2021 Monday, December 20, 2021

Service Disruption Procedures

If you are experiencing a major service disruption, and believe your financial institution qualifies for a cross-shipping waiver, complete the Cross-Shipping Waiver Request form (PDF).

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

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