![]() Securing the straps together to make a bundle may be achieved through the use of rubber bands or other tension material.All strap edges must be vertically aligned into a single organized stack and oriented in the same direction.A bundle consists of 1,000 notes of the same denomination in ten equal straps of 100 notes each.For correct placement of bank stamps refer to section “Stamps”.ĬORRECT-The bank stamp is placed on either side of the strap without regard to facing.The length of the band must be such that the band wraps the strap once with minimal overlap, so no loose flaps (such as a tail) are remaining beyond the adhesive.Bands should indicate the dollar amount of currency in the strap, the date of verification and the initials or names of the persons who verified the strap.Band material must be between 1.00 to 1.57 inches wide with an approximate weight of 100 g/sqm, made of paper and not synthetic materials.Bands must be white paper and color-coded (along the edges) to conform to existing standards of the American Bankers Association ("ABA").Bands should be secured around the strap without the band adhesive or securing tape unnecessarily sticking to the notes within.Bands must be applied to the middle of each strap.Each strap must be bound by only one band.A band is a strip of paper material used to bind or hold together a strap.INCORRECT-This strap contains sub-straps, rubber bands, and paper clips. All paper clips, staples, rubber bands and excess tape on the notes (causing notes to unnecessarily stick together) must be removed.Notes within the strap may be packaged without regard to direction or facing.Under no circumstances should coin or other valuables be included. All straps must contain 100 notes of the same denomination and must have only one band around them.Preparing Currency Straps Overview What to do Notes should be straightened, and all corners and edges should be aligned.Unfit currency, currency that is not suitable for further circulation due to its physical condition (torn, dirty, limp, worn or defaced), should be included in your regular deposit(s).Notes must be piece counted and verified for authenticity before depositing.All notes in a deposit must be clearly more than 50 percent of a note to receive credit. ![]() If depositing $50 or $100 denominations, they must be in full straps and/or full bundles. For $1 through $20 denominations, your deposit(s) must contain full bundles. Preparing Currency Deposits What to doīefore depositing currency, currency must be prepared according to denomination. This Deposit Visual Reference Guide is also available in a printable format (PDF). The following web version was revised March 1, 2019, to reflect changes in the revised CSMOP. If a deposit does not comply with these guidelines, it may be rejected by the servicing Federal Reserve Bank and returned to the depositor at their expense, or differences associated with these errors may be charged to the depositor. This guide is a supplement to the Cash Services Manual of Procedures (PDF) (CSMOP) and is not all inclusive of the requirements.
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