Local bank not able to order NEW cash from the Fed.

[Varmint Hunter]

Last week my better half & I stopped at our bank to ask for some NEW $100 bills for our kids Christmas presents.
The teller immediately told us that they are no longer allowed to order NEW cash bills from the Fed but that she would find us the best looking ones she had.
I responded, "is that because the new CBDCs are coming soon"? She responded, "what's that"?
Anyhow, we must be close to the time when CBDCs will replace cash or operate along with cash.

 

[Voodoo]

Last week my better half & I stopped at our bank to ask for some NEW $100 bills for our kids Christmas presents.
The teller immediately told us that they are no longer allowed to order NEW cash bills from the Fed but that she would find us the best looking ones she had.
I responded, "is that because the new CBDCs are coming soon"? She responded, "what's that"?
Anyhow, we must be close to the time when CBDCs will replace cash or operate along with cash.

I suspect that is why we were seeing change shortages the last few years as well. They have probably stopped making any new change.

 

[searcher]

She responded, "what's that"?

Most peeps really don't follow that kind of stuff. It's cash & plastic.

 

[Casey Jones]

I've given up trying to educate the pub lick.

They are gonna have to learn the hard way.

I'm actually in good shape here in Montana. We carry GUNS. We drive TRUCKS. I should have moved here thirty years before I did.

I've sold a few k-rands to pay bills (associated with a sudden, forced move and other things). The local PM dealer has a deal with his bank - that bank will cash, to any legitimate holder, checks on his account. I've done it twice. Next best thing to actually getting cash...any place else, they get all (redacted) if you ask for that kind of cash, but not his local bank.

 

[cheka]

currency in circulation -- last updated 2021

Federal Reserve Board - Currency in Circulation: Volume

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Goldhedge]

Most peeps really don't follow that kind of stuff. It's cash & plastic.

These folks will be in the bread line....

 

[pmbug]

Seems like this might not be a new issue:

Where in US do I get new, pristine bills" Bank doesn't have - Myanmar Forum - Tripadvisor

Answer 1 of 10: I am going to be visiting Myanmar soon, considering summer even though not known as a perfect time, alas, when I have a break from work. My understanding is that you can now basically bring mainly just an Atm/Credit card and go your banking...

www.tripadvisor.com

Did the bank teller mean that they couldn't order new bills by Christmas or end of year or did she state that they couldn't order period? I'm guessing the teller meant something like the former.

 

[Varmint Hunter]

Seems like this might not be a new issue:

Interesting article stating that getting new bills has been a problem for a few years. But I do remember asking and getting brand new bills from our local bank in past years.

 

[<SLV>]

Most peeps really don't follow that kind of stuff. It's cash & plastic.

No kidding. Had to deposit some USPS money orders, and the tellers were perplexed. They had to go online and look it up to make sure they were legit.

While they were doing this the guy with the teller next to me was bragging that he sold 30 Peace dollars all graded MS-62 for a total of $375. Said he had asked for $300, but the guy said, "I can do better than that." After he left I mentioned to the teller that the guy got took. Her response, "What's a Peace dollar?" And she looked in her 60s.

Nevermind. "A fool and his money..."

 

[pmbug]

...
While they were doing this the guy with the teller next to me was bragging that he sold 30 Peace dollars ...

Cash sale? Oh yes Bank employees. I sold them for a fraction of what they are worth. This conversation is recorded, right? Groovy. Might come in handy if the IRS audits me...

 

[<SLV>]

Cash sale? Oh yes Bank employees. I sold them for a fraction of what they are worth. This conversation is recorded, right? Groovy. Might come in handy if the IRS audits me...

Well he was explaining why he was depositing $375. Also, didn't seem very bright.

 

[Varmint Hunter]

Well he was explaining why he was depositing $375. Also, didn't seem very bright.

Just dont understand why people feel like they have to explain where their cash comes from.

 

[nickndfl]

$375 was probably a lot of $ to that fool whereas I was harassed so much by a lender for a few $3500 deposits into my checking account that I swore I would never buy a piece of property with a mortgage again.