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:
Ready to begin the application process? Please complete the Custodial Inventory Application (PDF).
Effective November 16, 2015, a revised Custodial Inventory Manual of Procedures governs the operations of institutions participating in the Custodial Inventory Program. The revised manual, along with a high level summary of changes, is available below. For additional information regarding the updates, please refer to the November 16, 2015 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 remaining skip weeks for 2015 are as follows:
|Holiday||2015||Skip Week (starting:)|
|Columbus Day||October 12||Monday, October 5, 2015|
|Veterans' Day||November 11||Monday, November 9, 2015|
|Thanksgiving Day||November 26||Monday, November 23, 2015|
|Christmas Day||December 25||Monday, December 21, 2015|
The confirmed weeks for 2016 are as follows:
|Holiday||2016||Skip Week (starting:)|
|New Year's Day||January 1||Monday, December 28, 2015|
|Martin Luther King, Jr. Day||January 18||Monday, January 11, 2016|
|Presidents' Day||February 15||Monday, February 8, 2016|
|Memorial Day||May 30||Monday, May 23, 2016|
|Independence Day||July 4||Monday, June 27, 2016|
|Labor Day||September 5||Monday, August 29, 2016|
|Columbus Day||October 10||Monday, October 3, 2016|
|Veterans' Day||November 11||Monday, November 7, 2016|
|Thanksgiving Day||November 24||Monday, November 21, 2016|
|Christmas Day||December 26||Monday, December 19, 2016|
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 Federal Reserve Bank Services Webmaster.
©2015 Federal Reserve Banks