Here's one...we recently concluded our United Way campaign and had all branches, depts, etc, have their own "fundraiser". We raised around $8700 in cash (split the pot, bake sale, silent auctions, jean day, quarter for cussing, etc). The cash was deposited into a bank owned HR Event DDA account.

What if....

we went over $10,000? Would we file a CTR on ourselves? We can't really "exempt" ourselves, even though we are a financial institution? Just curious for thoughts?!?

Financial Institutions are automotically exempt, at least for domestic operations, aren't they? Why would you have to file?

The definitions in 103.11 say

"the term ``transaction in currency'' shall mean a transaction involving the physical transfer of currency from one person to another ."

In your case the funds were in possession of the same person, the bank, both before and after the deposit.

Pinkie -- You didn't raise all that cash in one day, did you?

No, this was through the course of one week, with 26 different individual branch fund raisers, as well as about 10 individual operational departments within the bank. We had a proof key off between a proof operator vs. the COO. It was pledge $1 for each batch of proof the operator keyed to the COO's one batch. Of course, the Audit Dept challenged the COO for 100% accuracy. That one event alone raised $25O!!