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How Does Money End Up Where It Does?

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Coincollector110's Avatar
United States
818 Posts
 Posted 10/04/2015  6:51 pm Show Profile   Bookmark this topic Add Coincollector110 to your friends list Get a Link to this Message Number of Subscribers
To clarify: I've noticed brand new, uncirculated bills from federal reserve banks far away end up near me. Example: I see a good amount of NYC and Philadelphia bills (I live in NJ) but the other abundant ones that are a real mystery to me are Atlanta, and San Francisco. How do these bills from far away banks end up in NJ? Do they originate at that actual FRB or are there exchanges between banks that result in bills from far away locations ending up somewhere?
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Coinfrog's Avatar
United States
94367 Posts
 Posted 10/04/2015  7:06 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Interesting question. I have never heard of any such exchange programs and doubt they exist, but would enjoy input on this subject.
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davec13's Avatar
United States
757 Posts
 Posted 10/04/2015  7:14 pm  Show Profile   Bookmark this reply Add davec13 to your friends list Get a Link to this Reply
Do you live close to the airport. LaGuardia and JFK are both major stops for many airlines. With thousands of people everyday from all corners of the world buying stuff at the airport, that money has to go somewhere.
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WheatBack's Avatar
United States
2850 Posts
 Posted 10/04/2015  7:44 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply
From what I understand, notes bearing a certain district are not released at their designated district anymore. It's a bit more random now.
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 Posted 10/04/2015  8:03 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
I think its based on order. So those 12 FRB stamps are because that FRB had an order for a certain number so they got that area on it. Then bils just get sent in in whatever fashion they are needed as printed.

I saw something like this on one of the Discovery Channel type shows, but haven't been able to find it online or TV since. could have been How Its Made, How Do They Do That, 10 Thing You Didn't Know, or even Modern Marvels...

I want to find it again not only because of this, but it had details like coin seigniorage about bills mentioned in it.

All I can say for sure is whatever organized crime the FRB is involved in, it only stores money, it doesn't print bills

Dave there is another thought to that. Not that the money has to go somewhere, but has to come from somewhere. A foreign traveler getting US currency it could have had to been order from any of the FRBs to supply it. When I tried to get a bag of large dollars recently the bank refused because it has to order from one FRB branch near its home office and not from a closer FRB. Which is weird. So banks doing funny things and just spreading the money out to its branches could mean it doesn't even come from the closest FRB.

Here is another question form a non-flyer. Is there a limit of cash you can carry on a plane? Do people that fly even carry cash or just take it out of the bank when they get to their destination?

Another anecdote, I have seem various bills over time with all 12 letter on them. Would drive me crazy to make a set of any series from all FRBs, but I have seen them of mixed denominations and series from all the FRBs for what that is worth.

And we know bills move and others stay in the same area because Where's George data.
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ghostrider's Avatar
United States
1116 Posts
 Posted 10/04/2015  10:46 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
Davec are you saying that notes fly around the country on their own and unaccompanied?
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Parklane64's Avatar
United States
2668 Posts
 Posted 10/05/2015  02:05 am  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
Drunk sailors.
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davec13's Avatar
United States
757 Posts
 Posted 10/05/2015  07:06 am  Show Profile   Bookmark this reply Add davec13 to your friends list Get a Link to this Reply
Looking at all the regulations I think notes can fly without an adult present. As long as they don't have a shaving kit or bottle of lotion with them. :)

I think the rule is 10,000 cash for international flights, as for domestic flights I think you can basically take as much as you want.
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DavidUK's Avatar
United Kingdom
2624 Posts
 Posted 10/05/2015  07:37 am  Show Profile   Bookmark this reply Add DavidUK to your friends list Get a Link to this Reply
I second the $10,000 rule for international flights. I am not sure it is a hard and fast limit but anything more must be declared and if there is no viable explanation and proof of where the money came from and why it is being carried it can be seized and investigated.

After working for 6 months in the states I had to buy an expensive watch in order not to be carrying too much cash.

Customs pulled me going to Vegas once and counted my money (deliberately below the threshold) they were concerned that if I won I would be carrying too much back... thankfully I left all my money there so no problem ^^ I came back with 25cents in my pocket. Vegas wasn't built on winners :P



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Coincollector110's Avatar
United States
818 Posts
 Posted 10/05/2015  08:58 am  Show Profile   Bookmark this reply Add Coincollector110 to your friends list Get a Link to this Reply
Well I do live an hour from JFK airport, so maybe travelers bring these bills and they somehow get by me. I wish everyone participated in Where's George, then we'd know for sure how they got here.
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United States
370 Posts
 Posted 10/05/2015  6:33 pm  Show Profile   Bookmark this reply Add half n a half to your friends list Get a Link to this Reply
Bills don't have to be released for the FRB they were printed for. However, the total amount printed for a particular FRB is how much that FRB receives. To make things a little more clear...
Let's say for fiscal year 2015, 800 million ones with serials starting with "L" are printed, designating them for the San Francisco FRB. Over the course of the year, the SF FRB will receive 800 million ones from the BEP, but the actual bills can be from any FRB.
So the total amount of bills received by any FRB from the BEP for any particular fiscal year is equal to the amount printed "for" that district, but the actual bills they receive from the BEP can be printed "for" any other district. So in the end it all evens out, though as you can see, any bill for any district can really be released anywhere in the country.
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 Posted 10/05/2015  6:54 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
so basically to shorten what I said and what you said:
1. a number of bills are ordered from each FRB
2. bills are sent to an FRB when requested based on whatever container of bills is easiest to ship to them at that time

?
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mritchie77's Avatar
United States
100 Posts
 Posted 10/05/2015  7:41 pm  Show Profile   Bookmark this reply Add mritchie77 to your friends list Get a Link to this Reply
I work at 5/3 Bank in a suburb of Chicago. Most new FRB packs of currency are NOT from the FRB Chicago G7.
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CalzoneManiac's Avatar
United States
2233 Posts
 Posted 10/05/2015  11:26 pm  Show Profile   Bookmark this reply Add CalzoneManiac to your friends list Get a Link to this Reply
I get mostly L bills in my change. My home district, Dallas (K), is 4th in terms of entries (with 108 entries, behind Chicago (G) and Atlanta (F)).
Valued Member
United States
370 Posts
 Posted 10/06/2015  02:27 am  Show Profile   Bookmark this reply Add half n a half to your friends list Get a Link to this Reply

Quote:
so basically to shorten what I said and what you said:
1. a number of bills are ordered from each FRB
2. bills are sent to an FRB when requested based on whatever container of bills is easiest to ship to them at that time

Basically yes. And the number of bills ordered by a FRB matches the amount printed for that FRB.
Edited by half n a half
10/06/2015 02:28 am
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 10/06/2015  04:04 am  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
Historically money ended up in the hands of those who produce more than they consume, that isn't the way it is anymore of course, but that used to be how money ended up where it does.

Now they just print it willy nilly and distribute to connected cronies.

Money does grow on trees for certain people.
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