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The FedCash® Services Deposit Visual Reference Guide provides detailed instructions and guidelines for preparing currency and coin deposits to the Federal Reserve Banks. It outlines requirements for packaging, labeling, and handling various forms of currency, including straps, bands, bundles, contaminated and mutilated currency, as well as coin deposits. The guide emphasizes compliance with specific standards to avoid deposit rejection and ensure proper processing.

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What are FedCash services?

FedCash Services provide your institution with the ability to order and deposit currency and coin with the Federal Reserve Banks. To obtain FedCash Services, you must have: An account with the Federal Reserve Banks, or a settlement relationship with a correspondent institution.

How many $20 bills are in a bank strap?

0:30 4:02 Directly from the federal. Government these funds are administered. Through or under the directionMoreDirectly from the federal. Government these funds are administered. Through or under the direction of various state agencies or departments.