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Message Subject I Need Your Help GLP!!! For A Massive Financial Story I'm Working On!!!
Poster Handle Saddletramp
Post Content
Was in a local bank a few weeks ago and overheard a convo by 2 employees trying to figure out where to get $3000 for a withdrawal. They were working hard on it, but were obviously having trouble coming up with it.
 Quoting: Anonymous Coward 27220429


I took a cd out a year or so ago. It took them almost a week to get my money in hand.

Then instead of bringing me to a private area, the teller stood and counted it out at the counter.
 Quoting: andawg221


I took $9000 out last January before going sailing off St Martin. They counted that at the counter.
 Quoting: Anonymous Coward 24164945


I've noticed serious tightening here in cash supplies to banks, ATM's, and Business' here in the Texas Panhandle starting primarily this summer...

I've made large cash withdrawals was well, but as we got into the summer I began to notice the bills were always old and used, and they had more trouble getting the money together, though I was never denied a withdrawal. I finally asked an old collegue of mine at the bank what was going on the other day, and he told me that the Fed was now requiring them to keep a running average of daily withdrawal volume, and that times five was the maximum amount of cash they could get in any weekly shipment from the Fed...

Back when I was in banking we kept an average of daily withdrawal volume, but we always added to that average to make sure we had enough cash for contingencies, and the Dallas Fed never had a problem with us doing that because we had the money available in our account at the Fed. Even if you have the money available in your Fed account now, they are still limiting your cash shipments to your actual volume now...

The purpose of this thread is to find out if that is true everywhere, and why???
 
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