Data Dictionary
Item Number J922
INCOME, EXPENSES, AND DIVIDENDS: F.R. CURRENCY COSTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| FRBSJ922 | 1989-12-31 | 9999-12-31 | Yes | FR 34 |
Data Description:
Section 16 of the Federal Reserve Act requires that all expenses in executing the laws relating to the procurement of Federal Reserve notes, including expenses incidental to their issue and retirement, be paid by the Reserve Banks and included in the Board's assessment against the Banks. The costs, monthly for printing and quarterly for shipping and Treasury's issuance and retirement expenses, are paid by the Board and levied against the Reserve Banks on the basis of each Bank's share of the number of notes comprising the System's net liability for Federal Reserve notes on December 31st of the previous year. Also included in the assessments are costs for purchases of aluminum pallets and shipping pouches and seals whenever such supplies are required.
Separate accounts should be maintained for (l) cost of printing, (2) cost of shipping (including the periodic assessment for pouches and seals), (3) retirement costs, and (4) research and development costs for F.R. currency.