#2259651 - 09/13/21 08:50 PM
Re: "Christmas Money"
Anonymous
|
10K Club
Joined: Jun 2004
Posts: 19,937
Pulling people out of the ditc...
|
WELL OF COURSE old bills spend the same as new bills. But try telling that to "Grandma" who likes to send all of her grandkids new $20's.
And it "is really a big deal" since they FED does NOT have 2 periods where they send nothing but new. Did you read the link rlcarey posted? yep, i read it. my local FRB branch twice a year sends out new currency for a 2-3 week period, they notify us ahead of time, and that is all you get, no fit currency, nothing but new. but, as the notice you are referencing says "As a result, depository institutions received high volumes of new notes in all denominations. The significant increase in new notes paid out into the market contributed to the decision to suspend the holiday currency order." so, you have access to new currency, just set it aside and hold for grandma. and, finally, "For questions related to this change, please contact your local cash services department." i've found our local FRB office to be very accommodating of late in currency issues, perhaps yours may be as well.
_________________________
Providing alternative truths since the invention of time
|
Return to Top
|
Reply
Quote
Quick Reply
Quick Quote
|
|
|
#2259696 - 09/14/21 06:54 PM
Re: "Christmas Money"
HappyGilmore
|
Anonymous
Unregistered
|
WELL OF COURSE old bills spend the same as new bills. But try telling that to "Grandma" who likes to send all of her grandkids new $20's.
And it "is really a big deal" since they FED does NOT have 2 periods where they send nothing but new. Did you read the link rlcarey posted? yep, i read it. my local FRB branch twice a year sends out new currency for a 2-3 week period, they notify us ahead of time, and that is all you get, no fit currency, nothing but new. but, as the notice you are referencing says "As a result, depository institutions received high volumes of new notes in all denominations. The significant increase in new notes paid out into the market contributed to the decision to suspend the holiday currency order." so, you have access to new currency, just set it aside and hold for grandma. and, finally, "For questions related to this change, please contact your local cash services department." i've found our local FRB office to be very accommodating of late in currency issues, perhaps yours may be as well. Happy, I re-read my post and it came across as kind of "snappy". That wasn't my intent, even though the CAPS might prove otherwise, LOL. My apologies.
|
Return to Top
|
Reply
Quote
Quick Reply
Quick Quote
|
|
|
#2260123 - 09/23/21 12:19 PM
Re: "Christmas Money"
Anonymous
|
10K Club
Joined: Jun 2004
Posts: 19,937
Pulling people out of the ditc...
|
less than 10 years ago, when we still had an internal vault, our vault manager would take 20 $1 bills, align them in a small booklet with a Christmas cover, glue one edge together, and they would "sell" these to the grandmas of the bank for $20. Grandma would hand out to grandkids, who could tear off the bills $1 at a time...when we stopped doing this (it was a very time consuming process to make, glue, store, etc), you would have thought the world was ending. for 3-4 years our cash team would hear about the "unhappy grandmas" from our retail team.
_________________________
Providing alternative truths since the invention of time
|
Return to Top
|
Reply
Quote
Quick Reply
Quick Quote
|
|
|
#2260255 - 09/24/21 08:51 PM
Re: "Christmas Money"
HappyGilmore
|
Anonymous
Unregistered
|
less than 10 years ago, when we still had an internal vault, our vault manager would take 20 $1 bills, align them in a small booklet with a Christmas cover, glue one edge together, and they would "sell" these to the grandmas of the bank for $20. Grandma would hand out to grandkids, who could tear off the bills $1 at a time...when we stopped doing this (it was a very time consuming process to make, glue, store, etc), you would have thought the world was ending. for 3-4 years our cash team would hear about the "unhappy grandmas" from our retail team. That's so sweet, LOL. Reminds me of when McDonald's used to give out paper gift certificates; you'd get a pack of 5 for $5.00. As kids we'd savor each one.
|
Return to Top
|
Reply
Quote
Quick Reply
Quick Quote
|
|
|
|
|