Post on 03-Oct-2020
Proprietary and Confidential. Not for disclosure outside Federal Reserve.
Federal Reserve Bank of Atlanta
New Orleans Branch
“Operating Circular No. 2”
Louisiana Bankers Association
Retail Conference
Thursday, June 23, 2016
Currency Receiving
Shipping Tag
From: Drew Brees National Bank
Branch: Quarterback
ABA: 1234-5678-9-0000
Location: New Orleans, USA 12345
+++++++++++++++++++++++++++++++++++++++++++++++
To: Federal Reserve Bank
$50,000 (bag contents) Bags 1 of 2
Currency Grand Total: $100,000
The currency bag is properly packaged and labeled with a typed or hand written DI identification and deposit information.
This bag is NOT properly packaged!!!
Properly Prepared Bundle Use a #64 rubber band
Improperly Prepared Bundle
Initial Receipt Inspection
Contaminated Deposit Properly prepared with double bags, separated from a
normal deposit, and is marked with the word “contaminated”.
Receiving Topics • Deposit breakdown must be keyed in prior to the deposit arriving at
the Fed • Deposits must be in clear, plastic bags (at least 5 mils thick) • No more than 16 bundles in a bag • Wet currency does not automatically make currency contaminated • Deposits must have: Bank name ABA number Sub total Grand total Bag count on each bag
Receiving Topics • Please do not use brown paper bands • Deposit in standard units using ABA color code bands $1’s $1,000 Blue $2’s $2,000 Green $5’s $5,000 Red $10’s $10,000 Yellow $20’s $20,000 Violet $50’s $50,000 Brown $50’s can be deposited at the strap level
$100’s $100,000 Mustard $100’s can be deposited at the strap level
BPS 3000 Currency Processor
Un-Machineable Currency
Strap NOT Properly Banded
Sub Straps
Proper Band Information The stamp is in black ink, shows the required deposit information
and includes the teller’s verification date and initials.
Denomination $1 - $20 Notes within the strap may be packaged without
regard to direction or facing.
Denomination $50 - $100 Notes must face portrait side up.
Reconciliation Station
Exception Notice Image
Exception Notice Documentation
Processing Topics • Any difference claim on errors in fit currency must include the
band from the strap in question and the clear plastic bag the currency was shipped in
• Deposits should not include paper clips, sub-straps, notes scotch taped together, notes stapled together, etc.
• All notes must be “Clearly” more than half • Bands should contain proper identification information
Currency Paying
Holiday Schedule
Paying Topics • Currency orders must be in by 2:00 pm • Special orders must be confirmed with the armored carrier before
calling the Fed to order • Specials will be honored automatically during a hurricane or any
other natural disaster • Orders can be placed five days ahead of time • Verify currency shipment immediately upon receipt from armored
carrier • Fit vs. New • 2016 New currency ordering period will be: November December
Coin Paying and Receiving
Coin Paying and Receiving The plastic bag is correctly labeled with the DI
identification and deposit information.
Coin Topics • Coin orders in by 2:00 pm • Deposit in standard units using ABA color code labels Pennies 50.00 Red Nickels 200.00 Blue Dimes 1000.00 Green Quarters 1000.00 Orange Halves 1000.00 Buff Ikes 1000.00 Gray Susan B. Anthony 2000.00 Gray • Coin should be sorted and piece counted • Do not deposit wrapped coin • Deposit U.S. coin only
Proprietary and Confidential. Not for disclosure outside Federal Reserve.
Armored Carrier Operations
Armored Carriers
This is NOT a Fed Truck
Weather Awareness
Weather Websites
• www.accuweather.com • www.weatherunderground.com • www.weatherchannel.com • www.noaa.com • www.bearpawsweather.com
Hurricane Preparedness • Special packaging procedures (Fit $20’s in bales - $320,000) (Fit $100’s in bales - $1,600,000) • Hurricane Contingency Team on alert We have secured several hotels in the City of New Orleans We have secured several hotels in the southeast Louisiana
/Mississippi gulf coast region (west / Gonzalez – north / Hattiesburg – east / Gulfport)
• If FedLine services are disrupted we will take orders via Fax or Telephone (Callback procedures will be necessary)
• Three layered approach for providing currency: Onsite inventory (One month of payable inventory) Offsite inventory (Strategic Inventory Location – SIL’s) Buddy bank inventory (Stem Runs from FRB Houston, Memphis,
Atlanta, Jacksonville)
Hurricane Preparedness • Minimize points of contact • Notify the Fed and your Armored Carrier if an alternate site or
revised hours of operation is necessary • Place only critical orders • Retain excess currency (Fit and Unfit) • Exchange currency among your branches • Contact other depository institutions for cash services
Counterfeit Currency
Proprietary and Confidential. Not for disclosure outside Federal Reserve.
Any Final Questions ?
Proprietary and Confidential. Not for disclosure outside Federal Reserve.
Thank You