Where are the Fed Banks and what territories do they distribute to?

Does anyone know the answer? I search 4-6 Loomis boxes of halves a week. They come from the Fed which I have no idea where they are and what states they serve.

 

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Thanks man!

 

I have hunted in 3, 9,10,11, and 12.

 

"For the purpose of carrying out these day-to-day operations of the Federal Reserve System, the nation has been divided into twelve Federal Reserve Districts, with Banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. Twenty-five Branches of these Banks serve particular areas within each District."


I wonder what would happen if I went to one of the Fed Banks and asked for half dollars.

 

They'd tell you they don't do that. Their only customers are their member banks.

I'm lucky enough to live in place where my Federal Reserve district is the same number as my U.S. Circuit Court of Appeals district. It's nice to have one less thing to get confused. (3)

 

Are you referring to the branches of the Fed banks or like a Wells Fargo in their territory?

 

The actual Federal Reserve banks and their branch offices. Commercial banks are whom they serve.

 

Got it, thanks.

 

https://www.frbservices.org/operations/currency/coin_depositing.html
also :
Coin
The Federal Reserve's role in coin operations is more limited than its role in currency operations. As the issuing authority for coins, the United States Mint determines annual coin production. The Reserve Banks, however, influence the process by providing the Mint with monthly coin orders and a 12-month rolling coin-order forecast. The Mint transports the coin from its production facilities in Philadelphia and Denver to all of the Reserve Banks and the Reserve Banks' coin terminal locations.

The Reserve Banks distribute new and circulated coin to depository institutions to meet the public's demand. While the Reserve Banks store some coin in their vaults, they also contract with coin terminals, which are operated by armored carriers, to store, receive, and distribute coin on behalf of the Reserve Banks.

 

I don't believe the Federal Reserve really deals with the coinage as much anymore (I think their hands are limited to storage of extra in case of shortages). I think most of the coins go straight from mint storage to coin handlers such as N.F. String, Brinks, and Coinwrap, inc. So, if you are looking for coins straight from the mint, you would be better off trying to contact those companies.

 

No I think he is looking to see where the coins he gets come from and better ways to order and dump. JMO

 

https://www.federalreserve.gov/aboutthefed/federal-reserve-system.htm

 

Same holds true... except I wouldn't bother with coinwrap, inc, since their business focuses around packaging mint products. I believe the clear/plastic wrapped coins generally come from Brinks; the paper-wrapped rolls NF String. Brinks is more involved in transportation, but do their own sorting and wrapping. NF string is more involved in machine design and manufacture and also does high volume sorting. The US government's hand in coinage is very limited once it leaves the mint.

I did a lot of research on the logistics of coinage. As a result, I quit coin-roll hunting.

 

Oh, but Jim, you know you can't point "The Wingnut Fringe" to actual government agency websites, they lie. You know "The Wingnut Fringe" learned all they need to know about the Fed from reading "The Creature from Jekyll Island" by their fellow wingnut, G. Edward Griffin, perhaps the wingiest nuttiest author of all time.

Pat, the Federal Reserve banks contract with String and the others to roll and box coins for them. They still distribute the coins directly to federally chartered commercial banks. State chartered banks work through an intermediary or "terminal".

 

I believe you are misinterpreting my point. The Federal Reserve is essentially becoming a coin broker these days (in regards to coins- not currency). They have outsourced the packaging and distribution. They act as an intermediary between the mint and federally chartered banks, processing orders. They also store excess. However, if all things work as planned, the amount of coin they need to hold in vaults should stay at a minimum (ignore the $1 coin... there's over $1b of those things in Fed vaults). In wholesale this is called drop shipping.
OP isn't going to be able to order directly from the Fed without becoming a financial institution (lol). Thus, the next best option to work his way into the supply chain. Brinks and NF String are the two largest players in this very small playground.

 

The boxes you are searching are coming from Loomis and likely not the Fed. Companies like Loomis and Brinks run there own coinage distribution facilities so while the coins originally came from the FED at some point it's likely the boxes you're getting are not actually coming from the FED. These companies offer coinage delivery services, pickups, etc to banks because it's not a service the FED offers.

 

If the red dots on the map are branches, it's outdated. The detroit branch of the Chicago fed closed.

 

There apparently used to be a branch of the Fed out in Arizona as well, but it closedown a while ago. Bummer!

 

Bman, I like the way you think. I looked that up a while ago and thought it might make a difference in how things are circulated. You obviously travel so you get to dip into more pools of coin than I. Happy hunting!