Custodial Inventory Program

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).

Custodial Inventory Manual of Procedures

Important Notice: The following Custodial Inventory Manual of Procedures (MOP) governs the operations of institutions participating in the Custodial Inventory Program via the FedLine Web access solution.

Custodial Inventory Manual of Procedures via the FedLine Web access solution

Custodial Inventory Skip Weeks

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 2011 are as follows:

Holiday 2011 Skip Week (starting:)
New Year's Day January 1 Monday, December 27, 2010
Martin Luther King, Jr. Day January 17 Monday, January 10, 2011
Presidents' Day February 21 Monday, February 14, 2011
Memorial Day May 30 Monday, May 23, 2011
Independence Day July 4 Monday, June 27, 2011
Labor Day September 5 Monday, August 29, 2011
Columbus Day October 10 Monday, October 3, 2011
Veterans' Day November 11 Monday, November 7, 2011
Thanksgiving Day November 24 Monday, November 21, 2011
Christmas Day December 26 Monday, December 19, 2011

The confirmed skip weeks for 2012 are as follows:

Holiday 2012 Skip Week (starting:)
New Year's Day January 2 Monday, December 26, 2011
Martin Luther King, Jr. Day January 16 Monday, January 9, 2012
Presidents' Day February 20 Monday, February 13, 2012
Memorial Day May 28 Monday, May 21, 2012
Independence Day July 4 Monday, July 2, 2012
Labor Day September 3 Monday, August 27, 2012
Columbus Day October 8 Monday, October 1, 2012
Veterans' Day November 12 Monday, November 5, 2012
Thanksgiving Day November 22 Monday, November 19, 2012
Christmas Day December 25 Monday, December 24, 2012

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.

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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