Federal Reserve Banks accept only genuine, current U.S. currency for deposit. Deposits of the following are NOT accepted at the Federal Reserve Banks:
Organizations should forward counterfeit or unlawfully altered currency directly to their local U.S. Secret Service office. If the Federal Reserve Banks detect counterfeit or unlawfully altered currency in an organization’s deposit, it is forwarded to the Secret Service, and the organization is charged for the difference.
Employees preparing currency for deposit with the Federal Reserve Banks should reference the following Deposit Quality Standards periodically to ensure your organization is following the proper procedures.
For details about currency depositing procedures, please refer to the Cash Services Manual of Procedures (PDF). To view examples of correct and incorrect deposit procedures, please refer to the Deposit Visual Reference Guide.
In accordance with the Federal Reserve’s Recirculation Policy, organizations should carefully review their deposit and order practices to avoid cross-shipping or, in cases where cross-shipping is necessary, plan for payment of a Recirculation Fee.
A cross-shipping fee is charged to organizations that deposit fit $10 or $20 notes at a Federal Reserve Bank and then order the same denomination, above a de minimis amount, during the same business week within a Federal Reserve Bank Zone or Sub-zone.
Please refer to the Currency Recirculation Policy for details.
For each endpoint, normal cash service is one deposit and one order of currency per week. The Federal Reserve Bank recognizes that factors such as volume and cost may require less frequent service to some endpoints and more frequent service to others.
We may, at our discretion, reduce cash orders to maintain currency inventories. The Federal Reserve Bank may refuse deposits, defer or reverse credit, and/or return deposits if a Depository organization fails to comply with any of the terms of Operating Circular 2. Returns are at the depository institution's risk and expense.
Please refer to the Uniform Cash Access Policy (UCAP) (PDF) for additional information.
Two optional FedLine® access levels, the Deposit Notification (DN) Only for Depository Institutions (DI) access level; and the DN Only for Armored Carriers (AC) access level, are available to FedCash customers who submit deposits in the following Districts: Atlanta, Minneapolis, Kansas City and San Francisco.
These optional access levels allow organizations to limit a Subscriber’s access to only depositing functionality. For example, a Subscriber with one of these access levels can enter deposit notifications and view deposit reports for specific endpoints to which they have been granted access by a Subscriber at the organization with the Administrator access level. Below is a description for each access level and the process for signing up to use these access levels.
The DN Only for DI access level allows a DI to restrict its Subscribers’ access to depositing functionality only for certain endpoints. Access to each endpoint must be approved by a Subscriber with the Administrator access level for the endpoint. The access level restricts an employee who enters deposit notifications from also entering orders. This access level also provides an organization with additional flexibility in assigning access to staff members based on their responsibilities. For example, if a Subscriber has the responsibility to enter orders and deposits for the DI, the DI can request the existing “User” access level for the Subscriber. If a Subscriber’s responsibility is limited to entering deposit notifications, the DI can request the DN Only for DI access level for the Subscriber.
The DN Only for AC access level allows a Subscriber at an armored carrier, with a DI’s consent 1, to submit deposit notifications on behalf of the DI. With this access level, the armored carrier can enter deposits and view deposit reports for specific DI endpoints, but an armored carrier’s Subscriber cannot enter orders for the DI’s endpoints. In addition, a Subscriber at the DI can view reports of deposits that the armored carrier entered on its behalf.
If a DI would like an armored carrier to submit deposit notifications on its behalf, then the DI should work with its carrier(s) to sign-up for the access level using the following process.
Note: If the AC does not have a CIN or OAL on file, please contact the following representatives for assistance.
For the CIN setup process, contact your local FedCash Services District Contact for assistance. (Note: This process may take 5 – 7 business days.)
For the OAL setup process, contact the Federal Reserve’s San Francisco Accounting Department at (800) 309-6156. (Note: This process may take up to 30 business days.)
If you have questions about the sign up process, the EUAC form or submitting Subscriber requests via the EUAC Center, contact the Customer Contact Center (CCC) at (888) 333-7010.
If you have questions regarding the DN Only access levels, contact your local FedCash Services District Contact.
The armored carrier’s access to each endpoint must be approved by a Subscriber at the DI with the Administrator access level for the endpoint.
Effective October 1, 2016, the Federal Reserve no longer mails Cash Difference Advices. Cash Difference Advices are now available electronically in an organized format with a large digital image, making them clear and easy to read.
Organizations that already have a FedLine Web® access solution connection with the Federal Reserve Banks can utilize this service to receive Cash Difference Advices via the Deposit Difference Reports with appropriate access. The FedMail® Service is ideal for organizations that do not have a FedLine Web connection.
Both options are available to all organizations. Keep in mind, with both options, if your organization has multiple ABAs settling through a master account, the individuals receiving electronic Cash Difference Advices will be able to view Cash Difference Advices for all ABAs settling in the master account.
Details regarding both options are outlined below. For more information, view the Electronic Cash Difference Advices Frequently Asked Questions.
Organizations that use the FedLine Web access solution will be able to view their electronic Cash Difference Advices via the Deposit Difference Reports two business days following their posting to your accounting statement. Subscribers in your organization with the Read Only and/or Cross-shipping access levels are able to access Cash Difference Advices and associated strap images through the Deposit Difference Reports option in the FedCash Deposit drop-down menu in FedLine Home. Below are the steps required to access Cash Difference Advices via the FedLine Web access solution.
Step 1) Identify who should have access to Deposit Difference Reports
Identify individuals within your organization that should have access to Deposit Difference Reports.
To help ensure that the appropriate individuals in your organization have access to Deposit Difference Reports, Subscriber access may need to be added or modified. Since EUAC(s) have the ability to change Subscriber access for the ABAs in which they have the EUAC responsibility, we recommend that you coordinate access changes at the organization level, rather than the ABA level.
If your cash operation is outsourced to an armored carrier, you will need to identify an individual within your organization to access this Deposit Difference Reports functionality, as the Read Only and Cross-shipping access levels cannot be assigned to armored carriers.
Step 2) Determine whether the appropriate individuals have the required access levels
Once you identified who should have access to your organization’s Deposit Difference Reports, you will need to determine whether those individuals already have one of the required access levels. To assist you in identifying FedCash Subscribers and their access levels, your organization’s EUAC(s) can access the Subscriber and Roles Report found in the EUAC Center. Using this report, you will be able to review current FedLine Subscribers with your ABA(s) to determine if additional individuals in your organization will require the Read Only or Cross-shipping access level(s). Additionally, you will need to evaluate whether the current Subscribers should retain those access levels, as they will have access to your organization’s deposit difference information.
If the individuals who should have access to the Deposit Difference Reports have one of the required access levels, no further action is necessary. If you identify that either additional individuals within your organization should have access to the Deposit Difference Reports or the individuals who currently have the access levels should not have access, proceed to Step 3 below.
Step 3) Add/Modify Subscriber roles as required
If you need to add Subscribers to access the Deposit Difference Reports, your organization’s EUAC(s) must submit a Subscriber request via the EUAC Center requesting either the Read Only or Cross-shipping access level. The Subscriber Access Level Descriptions for FedCash Services can help to determine the appropriate access level. If you determine existing Subscribers with the Read Only and/or Cross-shipping access levels should not be able to view your organization’s deposit difference information, your organization’s EUAC(s) must submit a Subscriber request via the EUAC Center requesting the removal of the Read Only and/or Cross-shipping access level(s).
Organizations that choose to use the FedMail Service will receive their electronic Cash Difference Advices via the FedMail Service two business days following their posting to your accounting statement. Below are the steps required to access Cash Difference Advices via the FedMail Service.
Step 1) Identify who should receive Cash Difference Advices via the FedMail Service
Identify individuals within your organization that should be receiving Cash Difference Advices via the FedMail Service.
Step 2) Complete the FedMail Request Form
Once you've identified who should receive your organization's Cash Difference Advices via the FedMail Service, you will need to complete and submit the FedMail® Request Form" (PDF).
|Denomination||Standard Strap (100 Notes)
|Standard Bundle (1,000 Notes/10 Straps)
|Standard ABA Color Code|
Organizations may order currency via FedLine® Web.
1The armored carrier’s access to each endpoint must be approved by a Subscriber at the DI with the Administrator access level for the endpoint.