Can local banks return large amounts of cents to the Federal Reserve banks?

Discussion in 'Coin Chat' started by ldhair, Oct 9, 2025 at 8:14 AM.

  1. ldhair

    ldhair Clean Supporter

    I thought the services like Brinks took over everything to do with coinage.
     
    ldhair, Oct 9, 2025 at 8:14 AM
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    Eh, not really. They just do what their customers (the banks) want them to do.

    edit - forgot to answer your original question - simple answer, yes.
     
    GDJMSP, Oct 9, 2025 at 8:22 AM
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  4. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    The Contracted Coin Terminals handle this on behalf of the Fed, receiving shipments from the mint and handling the flow of coins to/from the CCT's customers.

    https://www.frbservices.org/financial-services/cash/coin-terminal.html

    also

    https://www.frbservices.org/financial-services/cash/coin.html

    and

    https://www.federalreserve.gov/paymentsystems/coin_about.htm

     
    Burton Strauss III, Oct 9, 2025 at 8:37 AM
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