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).
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.
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.
|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|
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).