Fed. Reserve (Miami)- Converting to the New Internal Cash Transactional System

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  • Petespockets55
    Paid Member

    • Dec 2014
    • 6882

    #1

    Fed. Reserve (Miami)- Converting to the New Internal Cash Transactional System

    https://www.frbservices.org/files/co...nouncement.pdf
    A little tidbit happening this weekend.
    Doesn't mean much to us here, but noticed on the announcement, the tags are changing on the shipments for those who might have an interest.
    I know....... Big News? Big Big.
  • jfines69
    Paid Member

    • Jun 2010
    • 28628

    #2
    Now all they have to do is actually have the change over completed my Monday morning or there will be a big OOPS
    Jim
    (A.K.A. Elmer Fudd) Be verwy verwy quiet... I'm hunting coins!!! Good Hunting!!!

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    • makecents
      Paid Member

      • Jun 2017
      • 11037

      #3
      I'm not sure I understand Cliff. Is this bank taking care of it's own cash supply and not depending on other sources?

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      • GrumpyEd
        Member
        • Jan 2013
        • 7229

        #4
        I wonder how long it will take (if they ever do it???) for all the money only being data.
        No more BEP printing, no trucks, no guards, no replacing worn out bills, just numbers on the cloud. Scary thought!

        Comment

        • Petespockets55
          Paid Member

          • Dec 2014
          • 6882

          #5
          Originally posted by makecents
          I'm not sure I understand Cliff. Is this bank taking care of it's own cash supply and not depending on other sources?
          I stumbled upon this looking for information for another post. The only thing that caught my interest (I'm not a currency hound) was the mention of the change in tags on shipments, which made me think of the old canvas bags and are no longer used.

          This is the Miami Branch of the Federal Reserve in Atlanta.
          Don't really think it means anything other than they are changing some of their internal procedures to be more efficient for selling/distributing/ tracking "physical cash" disbursements to customers (Armored truck companies, banks, etc)

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