![]() ![]() Mint to enhance inventory management and to augment coin inventories with additional safety stock reserves should help mitigate future problems. In the long term, the combined efforts of the Federal Reserve System and the U.S. ![]() To address these needs, the Federal Reserve will continue to monitor demand for coins, work with the Mint to adjust production levels where reasonable, and coordinate the distribution of inventory to the geographic locations exhibiting the greatest needs. We ask that you, as the public's depository institutions, assist in reducing the strain of low coin inventories by making it easy for your customers to deposit coins.ĭemand for coins is not consistent across the country certain regions are experiencing a larger need than other areas. The Federal Reserve System and the United States Mint are taking corrective steps to meet this demand and have made plans to distribute coins where they are most needed until inventories can be returned to acceptable levels. This sudden surge in demand for coins has resulted in low penny inventories at some commercial banks, financial institutions, and Federal Reserve offices. coins - primarily pennies and other low-denomination coins - has been growing at a significant pace over the past several months. You may already be aware that the demand for U.S. To the Chief Executive Officers of All Depository Institutions in the Second Federal Reserve District: ![]()
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