What are the eligibility requirements to participate in the Custodial Inventory program?
• Be financially sound, as determined by its Administrative Reserve Bank (The Reserve Bank that has oversight authority over the DI). • A depository institution must meet a minimum currency volume threshold. A depository institution can demonstrate that it meets the minimum threshold in any of the following three ways: • By cross–shipping at least 200 bundles of $10 and $20 notes per week at the prospective CI site in a Federal Reserve Bank zone or sub–zone5. By providing deposit and payment records for the prospective CI vault demonstrating that it recirculates among its customers at least 200 bundles of $10 and $20 notes weekly in the Federal Reserve Bank zone or sub–zone. 5 The Federal Reserve expects, of course, that once the CI site is approved, the operator will no longer cross–ship these deposits, but will instead begin using the CI to recirculate them. • By demonstrating a combination of cross–shipping activity and recirculation among its customers totaling at least 200 bundles
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