FedCash® Services Offerings

The Federal Reserve Banks offer FedCash Services to help ensure that depository institutions have sufficient supplies of currency and coin to meet public demand. To drive improved efficiency, security and risk management of currency and coin processing, the Reserve Banks are advancing technology and delivering greater standardization of services across the Federal Reserve System. Today’s FedCash Services are easy-to-use and provide consistent, timely and robust services and information.

Currency

Each Federal Reserve District maintains currency depositing and ordering operations to accept deposits of excess and unfit currency and process currency orders. The Federal Reserve Banks act as a distribution center for the issuance of new currency designed and printed by the Bureau of Engraving and Printing (Off-site Link). To accommodate the growth of U.S. currency in circulation and replace destroyed unfit currency, the Federal Reserve issues newly printed currency each year. In order to operate efficiently and reduce societal cost, the Federal Reserve Banks fill orders for currency with fit currency first and then with newly printed currency and require the recirculation of fit currency by financial institutions.

Coin

Each Federal Reserve District maintains coin depositing and ordering operations to accept deposits of excess coin and process coin orders. The Federal Reserve Banks act as a distribution center for commemorative coin developed by the United States Mint (Off-site Link). To best meet public demand for commemorative coin, the Federal Reserve Banks have established a special ordering process to make distribution easy and efficient.

Food Coupons

The Federal Reserve Bank of Memphis receives deposits of, processes and destroys existing food coupons based on the issuance for one-time use. The United States Department of Agriculture (Off-site Link) originally issued food coupons to provide assistance to low-income people and families to help them buy food necessary for good health. These benefits are now issued in the form of debit cards which do not require Federal Reserve Bank processing.

Accessing FedCash Services

Two automated options are available for submitting cash orders and deposit notifications, FedLine Web® and FedPhone®:

FedCash Services via the FedLine Web Access Solution

A secure and powerful solution for placing orders for currency, coin and supplies; sending deposit notifications; monitoring and managing cross-shipping activity; and activating self-service control of FedCash Services for your institution.

FedCash Services via the FedPhone Access Solution

A secure touch-tone telephone ordering service dedicated to providing a solution to lower-volume and single-endpoint customers and acting as a back-up ordering method for the FedLine Web access solution.

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