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Diane Publishing Books
U.S. Currency: Coin Inventory Management Needs Better Performance Information
Lorelei St. James (au)
Efficiently managing the circulating coin inventory helps ensure that enough coins are available to meet public demand while avoiding unnecessary production and storage costs. The Federal Reserve fulfills the coin demand of the nationäó»s depository institutions (e.g., commercial banks and credit unions) by managing Reserve Bank inventory and ordering new coins from the U.S. Mint. This report reviewed this approach. It examines (1) how the Federal Reserve manages the circulating coin inventory and the related costs; (2) the extent to which the Federal Reserve follows key practices in managing the circulating coin inventory; (3) actions taken to respond to potential changes in demand for coins and notes; and (4) actions taken with regard to the circulation of the $1 coin. Tables and figures. This is a print on demand report.
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