Beginning Wednesday, July 1, 2009, the Federal Reserve Banks will implement standard deposit requirements for the treatment of contaminated currency. These changes will provide a more consistent approach to processing contaminated deposits and help protect the safety of staff both at the Federal Reserve Banks and within your financial institution. In addition to deposit requirements used today, your financial institution will now be required to provide advance notification of and proper packaging for contaminated currency deposits.

 

Advance Written Notification
Advance written notification on the FedCash Services Contaminated Currency (PDF) form or your financial institution’s letterhead must be sent via e-mail or fax to the Federal Reserve Bank of deposit prior to shipping contaminated currency to the Federal Reserve.

 

More information available at the link provided below: