A custodial inventory 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 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:
To determine if you are ready to apply for the Custodial Inventory Program, review the Custodial Inventory services via the FedLine Web® access solution eLearning Tool.
Ready to begin the application process? Please complete the Custodial Inventory Application (PDF).
Important Notice: Effective June 3, 2013, a revised Custodial Inventory Manual of Procedures will govern the operations of institutions participating in the Custodial Inventory Program. The revised manual, along with a high level summary of changes, is available below. Between now and June 3, 2013, participants should continue using the Custodial Inventory Manual of Procedures dated May 5, 2010. For additional information regarding the updates, please refer to the April 2 customer announcement (PDF).
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, FLWeb provides a Minimum Holdings Requirement (MHR) and Inventory CAP (CAP) for the current business week for each CI 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 instead.
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.
The confirmed skip weeks for 2013 are as follows:
|Holiday||2013||Skip Week (starting:)|
|New Year's Day||January 1||Monday, December 31, 2012|
|Martin Luther King, Jr. Day||January 21||Monday, January 14, 2013|
|Presidents' Day||February 18||Monday, February 11, 2013|
|Memorial Day||May 27||Monday, May 20, 2013|
|Independence Day||July 4||Monday, July 1, 2013|
|Labor Day||September 2||Monday, August 26, 2013|
|Columbus Day||October 14||Monday, October 7, 2013|
|Veterans' Day||November 11||Monday, November 4, 2013|
|Thanksgiving Day||November 28||Monday, November 25, 2013|
|Christmas Day||December 25||Monday, December 23, 2013|
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.
Address comments and questions to the Financial Services Webmaster.
©2013 Federal Reserve Banks