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Wednesday, April 23, 2014

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Operating Statistics

In 2012, of the 28 processing offices in the Federal Reserve System, Philadelphia was the sixth largest currency counting office by volume. The overall volume of currency processed was comparable to the volume processed in 2011. The reduction in the value of currency processed reflects an overall change in the mix of notes received by Philadelphia. Most notably, in 2012, there were 82,000 fewer $20-note bundles processed compared with 2011. This volume was replaced with 90,000 bundles of $1 notes.

In 2012, on-site and off-site coin activity declined by 2.3 and 4.9 percent, respectively. Demand for all denominations of coin declined, with the exception of quarters. The long-term storage inventory for quarters was reduced by $23.6 million, or 23,600 bags, from year-end 2011 to year-end 2012.

Discount window lending declined in 2012, as significant excess reserve balances continued to be maintained throughout the year by depository institutions in the District. Lending activity for the year was on par with pre-crisis levels.

SERVICES TO DEPOSITORY INSTITUTIONS
  2012
Volume
2012
Dollar Value
2011
Volume
2011
Dollar Value
Cash operations:
Currency processed 1,629.3 million notes $22.7 billion 1,638.2 million notes $25.2 billion
Coin paid and received on-site 273.5 thousand bags $151.9 million 280.0 thousand bags $148.3 million
Coin paid and received off-site 993.9 thousand bags $769.4 million 1,044.8 thousand bags $803.4 million
Loans to depository institutions during the year 49 loans $92.2 million 80 loans $679.4 million

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