Does anyone have a clear understanding how coins circulate?
The bank ships them out using armored carriers. Where do they go?
Does Brinks etc bring them to their vaults and hold them until the next bank order?
Or do the armored carriers ship them to the Federal Reserve Bank? Who does the wrapping of the coins into new rolls?
it seems there's only 12 of these Federal Reserve banks in the US:
FRB: Federal Reserve Districts and Banks
So Brinks ships your 1 or 2 boxes 500 miles to the closest Fed Reserve branch? It seems more likely they (Brinks) store it at their own locations.
Would be great if someone could answer these questions.
The bank ships them out using armored carriers. Where do they go?
Does Brinks etc bring them to their vaults and hold them until the next bank order?
Or do the armored carriers ship them to the Federal Reserve Bank? Who does the wrapping of the coins into new rolls?
it seems there's only 12 of these Federal Reserve banks in the US:
FRB: Federal Reserve Districts and Banks
So Brinks ships your 1 or 2 boxes 500 miles to the closest Fed Reserve branch? It seems more likely they (Brinks) store it at their own locations.
Would be great if someone could answer these questions.
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