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The Federal Reserve said it will raise order limits for nickels, dimes, and quarters, effective Tuesday. Limits for pennies are unchanged.
Details: The Fed said the increases should enable banks to raise limits for customer orders, and it is encouraging banks to share this information with local branches.
Background: The Fed said that while coin deposit volumes remain lower than pre-pandemic levels, their order volume declined through mid-August 2022, allowing it to support higher order limits.
Contact: Questions can be directed to local FedCash Services customer support representatives or Federal Reserve account executives, with more information on the Fed’s Contact page.
Task Force: The U.S. Coin Task Force, on which ICBA serves, continues working to identify solutions to coin circulation supply chain challenges brought on by the pandemic.
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In recognition of National Preparedness Month in September, the Independent Community Bankers of America (ICBA) and the nation’s community bankers are reminding Americans to create a plan to ease their worries and speed their financial recovery in the wake of a natural disaster.
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The Independent Community Bankers of America (ICBA) today announced the winners of its 2022 National Community Bank Service Awards, which celebrate the outstanding service and creative volunteer efforts of the nation’s community banks. Stories are featured in the September issue of ICBA Independent Banker.
ImageAug 31, 2022
The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.
ImageAug 30, 2022
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