New Cash Policy
Coming in May

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On May 4, the Federal Reserve will change the structure of its cash services by implementing the Uniform Cash Access Policy, or UCAP. This new policy will probably change the way some financial institutions use the Fed's cash services.

The basic level of service will allow each institution to designate up to 10 endpoints, each of which will have access to one deposit and one order per week, free of charge. Each of the 10 designated endpoints can receive additional free access each week (up to once per day) for any deposit or order that meets or exceeds the aggregate high bundle threshold of 20 bundles. If any of the designated 10 endpoints have more frequent access with less than 20 bundles, a $20 fee will be charged.

If you have more than 10 endpoints, any of which exceed an aggregate volume of 50 bundles per deposit or order (the large volume threshold), these endpoints also will receive free access.

Most financial institutions will not be affected by UCAP. If you have fewer than 10 endpoints, or if your depositing and ordering is consolidated so that 10 or fewer endpoints use the Fed's cash services once a week, your service will not change. However, if you have more than 10 endpoints or if your endpoints use service more than once a week, you may need to decrease the number of deposits or orders you make with the Fed to continue receiving free service.

Each Reserve Bank is adopting this new policy, so there will be more uniformity in cash services across all Federal Reserve Districts. For more information on UCAP, contact Gladys Butler in St. Louis at (314) 444-8330.