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U.S. Coins: The Price of a Penny
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Editors: Walter M. Carvalho
Book Description:
Federal Reserve Banks fulfill the coin demand of the nation’s depository institutions, which include commercial banks, savings and loan associations, and credit unions, by ordering new coins from the U.S. Mint and managing coins held in inventory at the Reserve Banks and in coin terminals. Reliably estimating the demand for coins and efficiently managing the inventory of circulated coins is important to ensure that depository institutions have enough coins to meet the public’s demand and to avoid unnecessary coin production costs. This book addresses the Reserve Banks’ process for ordering and distributing coins to the nation’s depository institutions and the extent to which this process meets depository institutions’ demand for coins.

Table of Contents:

Results in Brief;pp. 1-2

Background;pp. 3-5

The Reserve Banks’ Process for Ordering and Distributing Coins Uses New Coins, Coin Inventories, and Coin Transfers to Meet Demand;pp. 7-12

The Reserve Banks’ Process Fulfills Coin Demand, but Optimal Inventory Ranges Are Undefined;pp. 13-24

Agency Comments;pp. 25

Appendix I Objectives, Scope, and Methodology;pp. 27-29

Appendix II Coin Production Trends, by Denomination;pp. 31-34

Appendix III National Payments and Receipts Data, by Denomination;pp. 35-38

Appendix IV Average Days of Payable Coin Inventory, by Reserve Bank District and Coin Denomination;pp. 39-42

Appendix V Number of Coin Transfers and Related Costs, Fiscal Years 2002-2007;pp. 43

Appendix VI Comments from the Board of Governors of the Federal Reserve System;pp. 45


      Financial Institutions and Services
   Binding: Softcover
   Pub. Date: 2009 - 2nd Quarter
   Pages: 54 pp.
   ISBN: 978-1-60692-939-1
   Status: AV
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
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U.S. Coins: The Price of a Penny