U.S. coins : the price of a penny / Walter M. Carvalho, editor.

Format:

Book

Contributor:

Carvalho, Walter M.

Series:

Financial institutions and services.

Financial institutions and services

Language:

English

Subjects (All):

Coinage--United States.

Coinage.

Coins--United States.

Coins.

Money--United States.

Money.

Physical Description:

1 online resource (68 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, c2009.

Language Note:

English

Summary:

Federal Reserve Banks fulfill the coin demand of the nation's depository institutions, which include commercial banks, savings and loan associations, and credit unions, by ordering fresh coins from the US. This book addresses the Reserve Banks' process for ordering and distributing coins to the nation's depository institutions.

Contents:

Intro

U.S. COINS:THE PRICE OF A PENNY

U.S. COINS: THE PRICE OF A PENNY

CONTENTS

PREFACE

WHAT GAO FOUND

WHY GAO DID THIS STUDY

RESULTS IN BRIEF

BACKGROUND

THE RESERVE BANKS'PROCESSFOR ORDERING AND DISTRIBUTING COINSUSES NEW COINS, COIN INVENTORIES,AND COIN TRANSFERS TO MEET DEMAND

COIN DEMAND FORECASTS, INVENTORY HOLDINGS,AND ASSESSMENTS OF LOCAL MARKET DEMAND DRIVERESERVE BANK OFFICES' REQUESTS FOR NEW COINS

CPO COORDINATES THE RESERVE BANKS' COIN ORDERAND IDENTIFIES OPPORTUNITIES FOR REDUCING THEORDER THROUGH TRANSFERS

THE RESERVE BANKS'PROCESS FULFILLSCOIN DEMAND, BUT OPTIMAL INVENTORYRANGES ARE UNDEFINED

THE RESERVE BANKS' ORDERING AND DISTRIBUTIONPROCESS HAS MET DEMAND FOR COINS

OPTIMAL INVENTORY RANGES ARE UNDEFINED, BUT THERESERVE BANKS ARE TAKING STEPS TO MANAGE COININVENTORY MORE EFFICIENTLY

AGENCY COMMENTS

APPENDIX I:OBJECTIVES, SCOPE, AND METHODOLOGY

APPENDIX II:COIN PRODUCTION TRENDS,BY DENOMINATION

APPENDIX III:NATIONAL PAYMENTS AND RECEIPTS DATA,BY DENOMINATION

APPENDIX IV:AVERAGE DAYS OF PAYABLE COININVENTORY, BY RESERVE BANK DISTRICTAND COIN DENOMINATION

APPENDIX V:NUMBER OF COIN TRANSFERS AND RELATEDCOSTS, FISCAL YEARS 2002-2007

APPENDIX VI:COMMENTS FROM THE BOARD OFGOVERNORS OF THE FEDERAL RESERVESYSTEM

REFERENCES

INDEX.

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [47]-49) and index.

ISBN:

1-61324-196-8

OCLC:

709889139