The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.
Fed raises order limits for nickels, dimes, quarters
September 02, 2022 / By ICBA
The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.
The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.
Details: The Fed said the increases should enable banks to raise limits for customer orders, and it is encouraging banks to share this information with local branches.
Background: The Fed said that while coin deposit volumes remain lower than pre-pandemic levels, their order volume declined through mid-August 2022, allowing it to support higher order limits.
Contact: Questions can be directed to local FedCash Services customer support representatives or Federal Reserve account executives, with more information on the Fed’s Contact page.
Task Force: The U.S. Coin Task Force, on which ICBA serves, continues working to identify solutions to coin circulation supply chain challenges brought on by the pandemic.
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