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<p>[QUOTE="Numbers, post: 329574, member: 11668"]Not $50's...a bundle of $50's would be $50,000 worth, which is more than most banks would keep on hand at one time.</p><p><br /></p><p>The Fed requires "large" banks to order $1 through $20 notes by the bundle, and $50 and $100 notes by the strap. "Small" banks only have to order $1's by the bundle, and everything else by the strap. ("Large" and "small" in this context have precise definitions which I don't recall....)</p><p><br /></p><p>But that only applies to banks that order their cash straight from the Fed. Some banks don't keep accounts at the Fed; they get their cash through other banks in their area, or through an armored car service that maintains its own cash vault. In those cases, the policy on orders can be pretty much anything (including some annoying ones where a bank isn't allowed to order $2's, half-dollars, or dollar coins...sigh...).[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 329574, member: 11668"]Not $50's...a bundle of $50's would be $50,000 worth, which is more than most banks would keep on hand at one time. The Fed requires "large" banks to order $1 through $20 notes by the bundle, and $50 and $100 notes by the strap. "Small" banks only have to order $1's by the bundle, and everything else by the strap. ("Large" and "small" in this context have precise definitions which I don't recall....) But that only applies to banks that order their cash straight from the Fed. Some banks don't keep accounts at the Fed; they get their cash through other banks in their area, or through an armored car service that maintains its own cash vault. In those cases, the policy on orders can be pretty much anything (including some annoying ones where a bank isn't allowed to order $2's, half-dollars, or dollar coins...sigh...).[/QUOTE]
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