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Custodial Inventory Program
A custodial inventory (CI) is currency transferred to the Federal Reserve Banks' books, but physically held by a financial institution within its secured facility, thereby reducing the investment cost of holding currency long enough to recirculate it to customers. The Federal Reserve Banks' Custodial Inventory Program is only available for $10 and $20 notes. For more information regarding the Custodial Inventory Program, or to begin the application process, please review the following:
- Custodial Inventory Program Fact Sheet (PDF)
- Implementation Guide for the FedCash® Services Custodial Inventory Program (PDF)
Ready to begin the application process? Please complete the Custodial Inventory Application (PDF).
Custodial Inventory Manual of Procedures
Effective November 16, 2015, a revised Custodial Inventory Manual of Procedures governs the operations of institutions participating in the Custodial Inventory Program. The revised manual, along with a high level summary of changes, is available below.
If you have questions regarding your institution’s Custodial Inventory Program or the updated Manual of Procedures, please contact your local FedCash Services contact.
Custodial Inventory Manual of Procedures
- Custodial Inventory Manual of Procedures (PDF) (Effective 11/16/15)
- Summary of Changes (PDF) (Effective 11/16/15)
- Exhibit 1: Custodial Inventory Vault Access Log (PDF) (Effective 11/16/15)
- Exhibit 1A: Custodial Inventory Vault Access Log for CIs with Sealed Inventory (PDF) (Effective 11/16/15)
- Exhibit 2: Daily Custodial Inventory Vault Balance Report (PDF)
- Exhibit 3: Daily Review Log CCTV Cameras, VCRs, or Digital Recording Equipment (PDF)
- Exhibit 4: Weekly Review Log CCTV Quality of Recordings and Fields of View (PDF)
- Exhibit 5: Monthly Unannounced Management Inventory (PDF)
- Exhibit 6: Monthly Unannounced Management Inventory (with Management Designee) (PDF)
- Exhibit 7: Annual Compliance Certification for Custodial Inventory Program (PDF)
- Exhibit 8: Signature Listing (PDF)
- Exhibit 9: Custodial Inventory Program Compliance Form (PDF)
- Exhibit 10: Change Request to the Custodial Inventory Application Form and Agreement (PDF)
- Exhibit 11: Prior On-Site DI Vault Holdings and Payments Template (XLS)
- Exhibit 12: FedLine Web User List (PDF)
- Exhibit 13: FedLine Web Payments Corrections (PDF)
- Exhibit 14: FedLine Web Holdings Corrections (PDF)
- Exhibit 15: Custodial Inventory Site Video Recording System Attestation (PDF)
Custodial Inventory Skip Weeks
On the first business day of each business week, FedLine Web® provides a Minimum Holdings Requirement (MHR) and Inventory CAP (CAP) for the current business week for each Custodial Inventory Vault. These figures are based on the Institution’s Average Daily Payments from a prior business week. Typically, the MHR and CAP are based on the Institution’s Average Daily Payments from the business week two weeks prior. However, data from business weeks exhibiting high payment activity prior to a holiday (as determined by the Federal Reserve) will not be used to determine the MHR and CAP. In these cases, the most recent available business week that does not include pre-holiday payment spikes will be used.
In general, for holidays that fall on a Monday, the previous business week will be excluded from the MHR calculation; for holidays falling later in the business week, the business week of the holiday itself will be excluded. Business weeks that will be excluded from the MHR calculation due to the impact of holiday payment activity will be available from the Federal Reserve at the beginning of each calendar year.
The confirmed weeks for 2018 are as follows:
| Holiday | 2018 | Skip Week (starting): |
|---|---|---|
| New Year's Day | January 1 | Monday, December 31, 2018 |
| Martin Luther King, Jr. Day | January 21 | Monday, January 14, 2019 |
| Presidents' Day | February 18 | Monday, February 11, 2019 |
| Memorial Day | May 27 | Monday, May 20, 2019 |
| Independence Day | July 4 | Monday, July 1, 2019 |
| Labor Day | September 2 | Monday, August 26, 2019 |
| Columbus Day | October 14 | Monday, October 7, 2019 |
| Veterans' Day | November 11 | Monday, November 4, 2019 |
| Thanksgiving Day | November 28 | Monday, November 25, 2019 |
| Christmas Day | December 25 | Monday, December 23, 2019 |
Service Disruption Procedures
If you are experiencing a major service disruption, and believe your financial institution qualifies for a cross-shipping waiver, complete the Cross-Shipping Waiver Request form (PDF).
For more information about FedCash Services processing and operations, visit the service offerings page or consult your local FedCash Services contact.
