FedCash
SPOTLIGHT
FedCash® Services
The Federal Reserve Banks offer FedCash Services to help ensure that depository institutions have sufficient supplies of currency and coin to meet public demand. 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), and for new coins minted by the United States Mint (Off-site).
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.
Cash Visibility
Bringing greater transparency and efficiency to cash handling logistics through our work with financial institutions, armored carriers, U.S. merchants and GS1 US. Cash Visibility is a joint industry initiative to develop a framework that will identify, track and share data about cash packages as they move between cash supply chain organizations. Collaboration with industry partners to implement Cash Visibility is essential to building a resilient cash supply chain that can meet public demand.
FedCash E-Manifest Service
The FedCash E-Manifest Service enables financial institutions and armored carriers working directly with the Federal Reserve to electronically process currency deposits and orders at Fed docks using industry supported data standards. With the E-Manifest Service, armored carriers, on behalf of their financial institution customers, can share and receive electronic information in real-time, greatly improving the transparency and efficiency of cash supply chain logistics. There are no fees from the Fed to use this service.
Complete an expression of interest form to learn about the GS1 Standards and implement the E-Manifest Service.
Coin
Each Federal Reserve District maintains coin depositing and ordering operations to accept deposits of excess coin and process coin orders.
You can use FedCash Services to order and deposit coin, and access information regarding new coin releases and exception processing, including procedures for bent or partial coin.
Coin Terminal Services
A coin terminal is a secure facility operated by an armored carrier that holds Federal Reserve Bank inventories of coin and receives deposits from and fulfills orders for coins from depository institutions on behalf of the Federal Reserve Bank. Coin terminal operators are contracted by the Federal Reserve Bank to perform these services and manage the coin terminals using FedCash Services via the FedLine Web® Solution.
Manage your coin terminal by opening and closing the vault daily, entering deposits or shipments, releasing coin orders, entering other transactions and accessing various reports.
Coin Depot Services
A coin depot is an alternative coin distribution arrangement that enables the Federal Reserve Bank to service its customers that are not currently serviced by a coin terminal. Similar to the coin terminal program, a coin depot is an outsourced arrangement with a vendor that provides coin services to Federal Reserve Bank customers in lieu of those customers accessing the Federal Reserve Bank dock. This program complements, and does not replace, the coin terminal program and may be operated by an armored carrier (AC) or non-AC entity.
Manage your coin depot by opening and closing the vault daily, entering deposits or shipments, releasing coin orders, entering other transactions and accessing various reports.
Currency
Each Federal Reserve District maintains currency depositing and ordering operations to accept deposits of excess and unfit currency and process currency orders. To accommodate the growing demand for U.S. currency domestically and abroad and to replace destroyed or unfit currency, the Federal Reserve Board of Governors issues newly printed currency each year, and the Federal Reserve Bank offices distribute those notes to depository institutions. The Federal Reserve Banks fill orders for currency with fit currency first and then with newly printed currency. In order to operate efficiently and reduce societal cost, the Federal Reserve Banks encourage the recirculation of fit currency by depository institutions pursuant to the FedCash Services Currency Recirculation Policy.
Using FedCash Services, you can order and deposit currency, monitor and manage cross-shipping activity, and access information regarding exception processing, including mutilated, contaminated, or counterfeit currency.
Custodial Inventory Services
The Custodial Inventory (CI) program is a feature of the Recirculation Policy that allows participating institutions to hold currency inventory in their vaults on the books of the Federal Reserve Banks. Depository institutions and armored carriers, who operate outsourced CIs on behalf of depository institutions, manage CI sites using FedCash Services via the FedLine Web Solution.
Manage your CI site by opening and closing the CI vault daily, reporting vault holdings and payments to customers daily, entering deposit and withdrawal transactions and accessing various reports.
FedCash Services via the FedLine Web Solution
This tool is designed to be a secure and powerful solution for placing orders for currency, coin and supplies; sending deposit notifications; receiving deposit difference notifications; monitoring and managing cross-shipping activity; managing custodial inventories, and coin terminals and coin depots; and activating self-service control of FedCash Services for your institution.