FedCash^® Services: Article Archives

The new year brings more bright, shiny coins

December 2010

As we usher in the new year, the Federal Reserve Banks are preparing for the continuation of the Presidential $1 Coin Program and the America the Beautiful Quarters^® Program. Discover which coins will be released, their release dates and where to go for more information.
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Mapping the new direction of FedCash Services: Roadmap update

August 2010

Late last year, the Federal Reserve Banks announced an upgrade to the technology platform for delivering FedCash Services to more efficiently provide you access to cash services and standardize services across the country. To keep you informed, we are sharing an updated customer roadmap that charts key milestones to help you navigate through these changes.
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Keeping “fit” in 2010

January 2010

Most consumers don’t think about the condition their money is in when they hand it to a cashier, but we do. Our Currency Quality Program helps ensure the quality of $10 and $20 notes in circulation remains fit for commerce. Learn more about our “fit”ness routine.
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A new direction for FedCash Services

December 2009

The Federal Reserve Banks are embarking on a journey to upgrade the technology platform for delivering FedCash^® Services. Our FedLine Web^® access solution will become the exclusive channel to place orders and submit deposit notifications. Follow the roadmap of key milestones shared in the FedFocus supplement to help you navigate through these changes.
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New year, new Presidential $1 Coin releases

December 2009

As 2009 draws to a close, the Federal Reserve Banks are preparing for the launch of the U.S. Mint’s America the Beautiful Quarters™ Program and the continuation of the Presidential $1 Coin Program in 2010.
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Citizens State Bank clicks with online cash ordering

July 2009

Staff at Citizens State Bank (CSB) welcomed the transition to more seamless cash ordering processes via the FedLine Web^® access solution with open arms. They also took full advantage of training opportunities and embraced the new technology that helps facilitate their cash ordering. The move helped improve CSB’s cash management strategy by broadening access to FedCash^® Services. Read about CSB’s transition to an electronic, easy-to-use connection to FedCash Services.
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Large or small ... institutions of all sizes benefit from online FedCash Services

March 2009

What does a financial institution with 577 branches across six states have in common with an independently owned community bank with 19 branches in New Hampshire? Both organizations have converted to the FedLine Web^® access solution for their FedCash Services and are benefitting from simplified cash ordering and organized user access.
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Ushering in the new year with new coin releases

January 2009

Late last year the Federal Reserve Banks bid farewell to the United States Mint's popular 10-year 50 State Quarters^® Program. As we usher in 2009, we are preparing for 14 new coin releases in honor of our nation's presidents, the District of Columbia and United States Territories, and in recognition of the bicentennial of President Lincoln's birth and the 100th anniversary of the first issuance of the Lincoln cent.
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Mapping FedCash^® Services of the future: The direction is clear

August 2008

In the January and May 2008 FedFocus issues, we discussed how standardization of service levels, operational efficiency and FedLine Web^®-based service delivery will be the strategic focus of FedCash Services in the coming years. In this issue, we highlight the changes that your institution can anticipate as a result of our new strategic focus.
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Cash counts: Arriving at FedCash^® Services of the future

May 2008

In order to provide greater standardization and efficiency, the Federal Reserve Banks are taking a deeper look at how we are able to provide technology to facilitate the future delivery of cash services.
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Cash counts: Taking stock of FedCash^® Services today

January 2008

The Federal Reserve Banks are upgrading technical processes and bringing standardization to FedCash Services that are designed to streamline service delivery, enhance security and provide customers with better risk management and decision making tools. This evolution allows institutions to cash in on the future with a more seamless ordering, fulfillment and deposit processing experience.
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Three levels of FedCash^® Services access help institutions manage risk

September 2007

FedCash Access Manager via FedLine Web^® helps financial institutions manage their cash orders and mitigate risk with improved Subscriber controls. Three levels of access – Administrator, Subscriber and Read-only – fortify this flexible, Web-based application that is designed to be secure. Authorized Administrators can restrict Subscriber order access to specific endpoints to align with everyday operational needs and contingency situations. The traditional Subscriber role will remain the same with the exception of the Administrator’s ability to restrict usage capabilities. Meanwhile, the Read-only mode allows online access to informative reports, but does not allow the Subscriber to initiate cash transactions.
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Managing cross-shipping with cost-saving tools

July 2007

FedCash^® Cross-shipping Reports via the FedLine Web^® access solution are available to help depository institutions (DIs) take stock of their potential exposure to cross-shipping fees, which began to be assessed July 2, 2007. Furthermore, the latest report enhancements – a Download Detail option and other reports now available for 90 days – are providing more options to monitor the potential overuse of Federal Reserve cash processing services known as cross shipping.
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Navigating the Recirculation Policy: Services to minimize cross-shipping fees

March 2007

Beginning July 2007, depository institutions (DIs) that deposit fit $10 or $20 notes at a Reserve Bank and order the same denomination during the same business week will be assessed $5 for each bundle exceeding the de minimus exemption level of 875 bundles per quarter. The fee reduces overuse of Federal Reserve Bank cash processing services (also known as “cross shipping”) by providing an incentive for DIs to recirculate fit currency among their customers. To assist DIs in managing their cross-shipping activity and associated fees, the Federal Reserve provides two services.
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