We have a customer that made a cash deposit in the night deposit and also exchanged currency for coin in the same day. The cash deposit in the night deposit was over $10,000.00 and the currency exchange was less than $10,000.00. How do you list the currency exchange correctly in part II? Do you list the entire aggregate including the exchange as cash-in? Also, how are other bank's handling currency exchanges so they total in with other aggregate deposits made in the same day - as most of the time the customer goes to the teller window exchanges currency and the transaction never gets recorded anywhere?

"the teller window exchanges currency and the transaction never gets recorded anywhere?"

Many banks have changed there processing to ensure that they are recorded.

it gets recorded as a cash in and cash out in the teller window but no tracking of customer that made the transaction. My other question was for the currency exchange would we list the amount in the total cash in?

Do you list the entire aggregate including the exchange as cash-in?

Yes.

Check your teller system to see if you can attribute the cash in and out to an account number.

Yes, you would add the amount of the cash deposit and the currency that was exchanged for the total cash in. Since the exchange was less than $10,000, you would not report anything in the total cash out.

That doesn't sound like it would accurately aggregate your cash ins and outs. Why wouldn't you show the amount of cash out on the currency exchange transaction?

Because the cash out was less than $10,000.

If you don't list the cash out it can't be aggregated by your system with other cash out transactions conducted by or on behalf of the customer.

I don't follow you Brenda. I was just answering sb1's question regarding how to fill out the CTR. Are you talking about something else?

Ah, sorry for misunderstanding. I thought you were discussing how to document a currency exchange in a teller system in response to Randy's recommendation. No wonder I had you confused! (Welcome to my world--the State of Confusion.)

"State of Confusion" - Been there before...and will probably be there again all too soon!

Now Im a bit confused. Say the currency exchange would have been more than $10,000.00, than we would have listed the cash deposit(cash in) on on the CTR from the night depository as say $20,000.00 and the currency exchange as a cash out for the lets say $10,500? So if im understanding if the exchange is not over the $10,000 it is a cash in and if it is over the $10,000 it is a cash out?

It's both, but only when the total amount aggregated is over $10,000 would you list it on the CTR.

Scenario 1: Cash deposit $20,000 and currency exchange $10,500 - you would list $30,500 in and $10,500 out.

Scenario 2: Cash deposit $20,000 and currency exchange $500 - you would list $20,500 in and $0 out.

You only put an amount on the CTR if it's over $10,000. So if the customer had both in's and out's for the day, but only the out's were more than $10,000, you would leave the total cash in amount blank.

Lets use actual numbers rather than generalities:

Cash deposit $10,500
Currency Exchange $5,000

Box 26 $15,500 Box 27 $0

Cash Withdrawal $10,500
Currency Exchange $5,000

Box 26 $0 Box 27 $15,500

Cash Deposit $10,500
Currency Exchange $15,000

Box 26 $25,500 Box 27 $15,000


Unless the aggregate total of the cash ins or the cash outs is over $10,000 it is not reported.