Question and answer
The Federal Reserve Bank is responsible for minting new coins.
Federal Reserve Banks fulfill the coin demand of the nation's depository institutions- which include commercial banks, savings and loan associations, and credit unions- by ordering new coins from the U.S. [ Mint and managing coins held in inventory at the Reserve Banks and in coin terminals. Reliably estimating the demand for coins and efficiently managing the inventory of circulated coins is
important to ensure that depository institutions have enough coins to meet the public's demand and to avoid unnecessary coin production costs. Since late 2006, rising metal prices have driven the costs of producing pennies and nickels above the face values of the coins. This report addresses (1) the Reserve Banks' process for ordering and distributing coins to the nation's depository institutions and (2) the extent to which this process meets depository institutions' demand for coins. GAO interviewed officials responsible for coin distribution at each of the 12 Reserve Banks and met with representatives of 4 large operators of Federal Reserve coin terminals, 2 banking associations, the U.S. Mint, and the nation's largest coin recycling company. GAO also analyzed Reserve Bank data for fiscal years 1993 through 2007. Federal Reserve and U.S. Mint officials generally agreed with GAO's findings in the report and provided technical comments, which were incorporated as appropriate. ]
Get an answer
Original conversation
User: The Federal Reserve Bank is responsible for minting new coins.





Weegy: Federal Reserve Banks fulfill the coin demand of the nation's depository institutions- which include commercial banks, savings and loan associations, and credit unions- by ordering new coins from the U.S. [ Mint and managing coins held in inventory at the Reserve Banks and in coin terminals. Reliably estimating the demand for coins and efficiently managing the inventory of circulated coins is important to ensure that depository institutions have enough coins to meet the public's demand and to avoid unnecessary coin production costs. Since late 2006, rising metal prices have driven the costs of producing pennies and nickels above the face values of the coins. This report addresses (1) the Reserve Banks' process for ordering and distributing coins to the nation's depository institutions and (2) the extent to which this process meets depository institutions' demand for coins. GAO interviewed officials responsible for coin distribution at each of the 12 Reserve Banks and met with representatives of 4 large operators of Federal Reserve coin terminals, 2 banking associations, the U.S. Mint, and the nation's largest coin recycling company. GAO also analyzed Reserve Bank data for fiscal years 1993 through 2007. Federal Reserve and U.S. Mint officials generally agreed with GAO's findings in the report and provided technical comments, which were incorporated as appropriate. ]
Expert answered|petitemonde|Points 310|

User: The Federal Reserve a. is made up of 12 district banks and 25 branch banks. b. is made up of district banks that operate independently from one another. c. is managed by a 52-member board of directors. d. was established in 1930s.

Weegy: The Federal Reserve: A. is made up of 12 district banks and 25 branch banks.
Expert answered|andrewpallarca|Points 27519|

Question
Asked 11/19/2013 6:22:22 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
In which way does a public disclosure law help consumers?
Weegy: In which way does a public disclosure law help consumers: by requiring companies to give consumers important information about their products. [[ ] (More)
Question
Expert Answered
Asked 11/17/2013 5:16:13 AM
0 Answers/Comments
A change in the number of consumers can cause a. the service demand curve to shift. c. the market demand curve to shift. b. a substitution effect. d. prices to fall.
Weegy: A change in the number of consumers can cause c. the market demand curve to shift. (More)
Question
Expert Answered
Asked 11/17/2013 7:42:49 AM
0 Answers/Comments
Deregulation means the removal of some government controls over a market true or false
Weegy: False, Deregulation is the act or process of removing or reducing state regulations.It is therefore opposite of regulation, which refers to the process of the government regulating certain activities. (More)
Question
Expert Answered
Asked 11/18/2013 1:51:27 AM
0 Answers/Comments
23,944,006 questions answered
Popular Conversations
Between 1790 and 1900, cities in America grew rapidly as people moved ...
Weegy: Between 1790 and 1900, cities in America grew rapidly as people moved to urban centers. grew slowly as they ...
2/13/2016 12:52:24 AM| 1 Answers
A loan has a due date of December 20. If it is made on September 19, ...
Weegy: for 90 days is the loan
2/13/2016 12:59:05 AM| 1 Answers
A loan has a due date of December 20. If it is made on September 19, ...
Weegy: for 90 days is the loan
2/13/2016 12:59:18 AM| 1 Answers
Weegy Stuff
S
Points 429 [Total 826] Ratings 0 Comments 429 Invitations 0 Offline
S
P
P
L
Points 322 [Total 1129] Ratings 0 Comments 322 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 126 [Total 11299] Ratings 0 Comments 126 Invitations 0 Offline
S
L
P
Points 111 [Total 2179] Ratings 0 Comments 111 Invitations 0 Offline
S
Points 111 [Total 121] Ratings 0 Comments 111 Invitations 0 Offline
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 2 [Total 6] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 5] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)