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[Music] is your social security number linked to a Federal Reserve account a recent hoax circulating on the internet asserts that the Federal Reserve maintains accounts for individuals that are tied to the individuals social security number and that individuals can access these accounts to pay bills and obtain money these claims are false how long can the Federal Reserve hold your money the Federal Reserve requires that a bank hold most checks before crediting the customers account for no longer than a reasonable period of time which is regarded as two business days for a same Bank check and up to six business days for one drawn on a different bank what do the red numbers on the back of a social security card mean [Music] these are a combination of red black and blue numbers which tells whether your card is authorized or not these are known as sequential control number that are tied to Federal Reserve Bank the number on the back of your SS card has one letter and eight digits first