This guide is a supplement to the Cash Services hand-operated of steps (PDF) (CSMOP) and also is not all inclusive that the requirements. If a deposit does not comply v these guidelines, it may be rubbish by the servicing commonwealth Reserve Bank and returned come the depositor at your expense, or differences connected with this errors may be charged to the depositor.
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The following web variation was revised march 1, 2019, come reflect transforms in the modification CSMOP. This Deposit Visual reference Guide is also obtainable in a printable format (PDF).
Preparing currency Deposits
What come do
Before depositing currency, money must be all set according come denomination. Because that $1 through $20 denominations, her deposit(s) should contain complete bundles. If depositing $50 or $100 denominations, they should be in complete straps and/or complete bundles.All Denominations: all notes in a deposit need to be plainly more 보다 50 percent that a keep in mind to obtain credit. Notes must be item counted and verified because that authenticity before depositing. Unfit currency, currency that is not perfect for further circulation due to its physical problem (torn, dirty, limp, worn or defaced), need to be had in your continuous deposit(s). Notes must be straightened, and also all corners and edges have to be aligned.
Preparing currency StrapsOverviewWhat to carry out A strap is a package of 100 notes. All straps need to contain 100 note of the exact same denomination and also must have actually only one band approximately them. Encompass only U.S. Currency. Under no circumstances must coin or other valuables be included. Notes within the strap might be packaged there is no regard to direction or facing. All record clips, staples, rubber bands and excess ice on the note (causing notes to unnecessarily stick together) should be removed.
CORRECT— As presented in these examples, note within a strap deserve to be arranged without regard to dealing with or direction.
CORRECT—This strap is properly and neatly assembled and includes the teller’s identification and date the verification.
What no to do Straps the contain below straps (rubber bands or document clips subdividing notes within the strap) are not permitted.
Strap BandsWhat to execute A tape is a piece of record material provided to bind or organize together a strap. Every strap need to be bound by only one band. Bands must be used to the middle of each strap. Bands need to be secured around the strap there is no the tape adhesive or securing ice cream unnecessarily sticking to the notes within. Bands should be white record and color-coded (along the edges) to conform to existing standards of the American Bankers combination ("ABA"). Band material must be in between 1.00 to 1.57 inches wide with one approximate weight of 100 g/sqm, made of document and not man-made materials. Bands should suggest the dollar quantity of currency in the strap, the date of verification and the initials or surname of the people who verified the strap. The size of the band need to be such the the band wraps the strap once with minimal overlap, therefore no loose flaps (such as a tail) are remaining beyond the adhesive. For correct location of bank stamps refer to section “Stamps”.
CORRECT—The strap has actually a single band of proper color-coding and also material, and also includes the teller’s identification and date the verification. In addition, the band has actually no overabundance flap.
What no to carry out Do not use bands with loose flaps. Perform not usage brown file bands, that is, those bands make of recycled share paper, together they carry out not image well. Bands need to be made of white file to ensure details is clearly captured when imaged.
Band StampsWhat to carry out Each band should be stamped through the complying with information: Institution"s name; ABA routing number; and Four-digit endpoint number (branch number) of the depositing office (a tape without one office identification number is reputed to be from the institution’s head office). usage black or dark squid (not red) ~ above the rubber stamp to help ensure an excellent quality images. Use big and easy-to-read font on her stamp. Refresh ink pads frequently.
What to doAll Denominations The financial institution stamp on the band may be put on either side of the strap, without regard to the portrait; however, straps in ~ the bundle have to be arranged such that all financial institution stamps face the very same direction. (See picture in “Preparing Bundles” section)
Preparing BundlesWhat come doAll notes A bundle consists of 1,000 notes of the exact same denomination in ten equal straps that 100 note each. Every strap edges should be vertically aligned into a single organized stack and also oriented in the exact same direction. Straps must be bound together. Securing the straps together to make a bundle may be accomplished through the use of rubber bands or various other tension material. The bundle stress material: have to be secured enough to remain undamaged through transportation and also handling: (1) not also tight regarding overstress the notes resulting in them to bend/crease in ~ the bundle; or (2) not too loose where the note or straps move approximately or the tension product breaks or falls off of the bundle; have to be secured across the brief side in ~ both ends of the bundle (and no on subgroupings the straps within the bundle); and also Must allow for clear watch of the currency strap band. every Denominations Straps in ~ the bundle must be arranged such that all financial institution stamps face the very same direction.
What no to doAll note The bundle have to not contain blended denominations. The bundle tension product must not: it is in so tight regarding cause damage to the notes; be placed approximately the long end of the bundle (i.e., lengthwise); and have any residual material (such together a tail) that might risk compromising the shipping bag or the bundles/straps roughly it.
Currency store that perform not satisfy the proclaimed criteria upon inspection at her servicing FRB might be refused.
Currency Bags/ContainersWhat come do only clear plastic bags or clear plastic/metal containers may be used for deposits. Plastic bags need to be at least 5 mils special or the indistinguishable in strength and also durability. The bags/containers that deposits should be securely sealed through a tamper-evident seal, for this reason that any kind of unauthorized accessibility is conveniently detected, and also the bags should be totally free of holes and also tears. The bags/containers should bear the institution’s identification (logo and/or name).
To assist ensure her deposit is appropriately identified and also remains secured, the complying with practices are also recommended:If using plastic seals, each bag should have actually a bag tag attached come the seal or in ~ a compartment that the bag separate from the currency. The tag must show ABA number (with four-digit endpoint number), institution’s name, and also dollar lot of the materials on every bag. The tags should show the bag number (e.g. “Bag___of____”). If using a large-capacity currency bag for a small deposit, you re welcome be certain to cinch or seal the bag in together a way to protect against tearing the the straps or breaking the bundles in transit. Containers should be secured with tamper-evident seals that have unique seal numbers v the seal numbers detailed to her servicing federal Reserve Bank.
Your servicing commonwealth Reserve bank requires girlfriend to include a deposit document with your deposit. Consult through your servicing commonwealth Reserve bank for particular policies and also procedures.
What no to do A complete bag must not contain an ext than 16 bundles of currency. The bag tag have to not be put inside the bag.
Contaminated CurrencyWhat come do
Contaminated currency is money that has actually been damaged by or exposed to contaminants, poses a health hazard or security risk, and cannot be handle under regular operating procedures.
Institutions should attain as much information as possible from their customer concerning the kind and level of the contamination prior to contacting the servicing commonwealth Reserve financial institution to deposit contaminated currency.
Note: money which has actually been damaged come the extent that its value is questionable is not handled by the commonwealth Reserve Bank. This notes, i m sorry are typically referred to as mutilated currency, have to be sent out to the bureau of Engraving and also Printing, Mutilated money Division, Office of Financial monitoring for validation and redemptionProcedures for depositing contaminated currency: different contaminated money from common deposits. Contaminated currency must be ready by denomination, in straps the 100 notes and also in majority of 10 straps. Rubber bands must be used to for sure multiple full straps and, contradictory to typical deposit procedures, need to be securely placed approximately the middle that the bundle.
1All big size currencies; National financial institution notes, tiny size; federal Reserve financial institution notes, tiny size; and Gold certificates, little size, series 1928 only.
What is thought about contaminated currency?
Currency may become contaminated early out to:lengthy exposure come water or other liquids that outcomes in the visibility of mold. (Note: Wet money that walk not show signs the mold is not considered contaminated and also should it is in dried and deposited under the common process.) Exposure come blood, urine, feces, or any other bodily fluids, consisting of removal from any kind of body cavity, corpse, or animal. Exposure to sewage. Exposure to any type of chemical, liquid, or foreign substance that might pose a health hazard or safety risk. Exposure come tear gas offered in most dye packs. (Note: The dye provided in dye package is not taken into consideration a contaminant. Note stained indigenous the dye alone must be deposit normally.)What to carry out Partial straps the 50 notes or less that a single denomination should be fans in a means that enables for an ext than 50 percent the each note to be plainly visible through all of the packaging material. Staples have to be provided to secure the fan prior to the notes are placed into the bag. Partial straps containing between 51 and also 99 note of a solitary denomination have to be wrapped v a document band. The band should be marked with the piece count and also dollar amount. Contaminated currency must be double- bagged, and the bags have to be huge enough to permit movement of the currency inside the bags because that initial intuitive inspection. The inner bag must be a strong, tamper-evident, clear plastic currency bag purchase by your institution for depositing through the federal Reserve. Perform not usage store-bought resealable style bags because that the within bag. The outer bag must additionally be a strong, tamper-evident, clear plastic currency bag provided by your institution for depositing through the commonwealth Reserve. words “CONTAMINATED” have to be created in irreversible marker and large letters on the outside of the external bag. Any kind of exterior to press on the bags should not inhibit the view of the bagged contents. finish a separate Federal Reserve bank deposit file or digital deposit notification form that contains the denominational breakdown and full of the contaminated currency. The deposit document should accompany the deposit.
What not to carry out Do no include any kind of extraneous items within or in between the inner and outer bags. Extraneous items include document clips, deposit documents, bag tags, or dye pack mechanisms. The visibility of extraneous items will an outcome in your deposit being returned. Double-bagging need to not inhibit the watch of the bagged contents.
Review the Contaminated Currency and also Coin plan for complete details and a video on handling contaminated currency and coin.
The commonwealth Reserve DOES NOT accept deposits the mutilated currency.What to perform scorched currency that is clearly less 보다 one-half a finish note and also cannot be tackled without compromising its integrity is considered mutilated currency. Mutilated money must be sent straight to the BEP’s Mutilated Currency department with a letter stating the estimated value that the currency and also an explanation of exactly how the currency became mutilated.What no to do
Unfit contaminated, however not mutilated, currency should not be sent out to the BEP’s Mutilated money Division. The commonwealth Reserve procedures this currency; however, money that is both contaminated and mutilated should be sent out to the BEP’s Mutilated currency Division.money that is plainly more than one-half, however less 보다 a complete note, greatly soiled, limp, worn or torn, is not taken into consideration mutilated, and should be contained in a common deposit.
You may call the BEP"s toll-free number, (866) 575-2361, or visit the BEP website (Off-site) to obtain more information top top shipping instructions because that mutilated currency, and also to view photographic instances of mutilated currency.
Coin DepositsWhat to carry out Package loosened coin through denomination in plastic or canvas bags. If making use of canvas bags through a tamper- obvious plastic/string tie and lead seals, affix the exactly color-coded tags, showing the denomination, dissension amount, college identification and also ABA through four-digit endpoint number to the seal. Carry out not location the tag within the bag. If making use of plastic bags, every bag need to be tamper-evident and also have a label on the opposite side of the handle showing denomination, disagreement amount, school identification and ABA through four-digit endpoint number.
What no to do as soon as preparing a coin deposit, make sure to item count and also verify the coin and not mix coin of different denominations in the very same bag. Bags uncovered to have actually mixed denominations might be garbage by the servicing commonwealth Reserve Bank and returned to the school at their expense, or differences linked with this errors might be charged to the institution. Susan B. Anthony, indigenous American and also Presidential dollar coins might be bagged together, but they must be bagged independently from Eisenhower dollars. Store of boxed or covering coin room not accepted.
Your servicing commonwealth Reserve financial institution may require you to encompass a deposit file with your deposit. Consult with your servicing commonwealth Reserve financial institution for details policies and also procedures.
Plastic Coin BagsWhat to execute Coin deposits may be do in either standard canvas bags through tamper-evident seals or tamper- noticeable clear plastic bags. Clean plastic bags must satisfy the following requirements: should possess a tamper-evident seal; Reinforced handle able to resist hang test through +100 lb. Load or the indistinguishable in strength and also durability; product must be 6.5-mil gauge or the identical in strength and durability; Size need to approximate that of a conventional canvas bag; materials must be plainly visible v the packaging material; and Each bag must have a label on the opposite side of the manage showing the denomination, disagreement amount, institution’s name and also ABA routing number (with four-digit endpoint number).
Canvas Coin BagsWhat to perform Canvas bags must fulfill the following requirements: every canvas bag must have actually a color-coded tag, in accordance v the ABA standards based on denomination; The tag should contain the denomination, disagreement amount, institution’s name and ABA routing number with four-digit endpoint number; and A tamper-evident seal with the institution’s identification must be used. If depositing in pallets, bags need to be nicely stacked.
Bent or Partial Coin
The commonwealth Reserve DOES NOT accept deposits of bending or partial coin.bend or partial coin is not redeemable at face value; that is redeemable only at that bullion (metal) worth as created by the director of the U.S. Mint.
The commonwealth Reserve does not accept store of Contaminated Coin. Contaminated Coin should be decontaminated per the guidelines developed by the facility for disease Control and Prevention (CDC) because that decontamination of surfaces in the “Cleaning & Sanitizing” section. If you want to deposit the Coin after ~ decontamination, call the servicing federal Reserve financial institution for more instructions.
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For complete instructions top top Contaminated Coin, visit the Contaminated Coin and Currency page.
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