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.
