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The E-Sylum: Volume 18, Number 8, February 22, 2015, Article 11

"SECRETS" OF THE DENVER FEDERAL RESERVE

From Denver comes this fun article about the "secrets" of the Denver Federal Reserve Branch. Here's an excerpt. Be sure to read the complete version online to see the gun portholes. -Editor

What building in downtown Denver, specifically on the 16th Street Mall, has billions in its basement?

It is the Federal Reserve Bank of Kansas City, in Denver.

Denver Federal Reserve We took a tour inside and while we can't show you everything, here are 10 secrets of the Federal Reserve Bank.

Secret No. 1: While the building doesn't look like it, it has five stories. Two stories are underground and that's where the money is kept.

Secret No. 2: While we can't show you the basement vault, we can tell you it's the size of the entire building! It can hold approximately 2,450 cash containers.

Each container holds 300,000 notes, no matter the denomination. If each one was filled with $100 bills, it would add up to more than $73.5 billion!

Denver Fed shredded currency Secret No. 6: The Denver Federal Reserve bank DESTROYS $2 to $3 million in cash every day! But don't try Dumpster diving here. The money is shredded by the machines in the basement.

The shredded bills are bagged as souvenirs or shipped to a recycling facility where it is turned into compost. Visitors to the Money Museum get a bag for free.

Secret No. 9: While the Federal Reserve used to print $500 bills, $1,000 bills, $5,000 bills, $100,000 bills and the $10,000 bill seen here, it does not anymore. The largest bill printed today is the $100 bill.

10,000 bill at Denver Federal Reserve

Man, there are $10,000 bills floating around everywhere this week. The Denver Fed museum seems well worth a visit. Anyone been there lately? -Editor

To read the complete article, see:
CHECK THIS OUT: 10 secrets of the Federal Reserve Bank in Denver (www.thedenverchannel.com/lifestyle/discover-colorado/secrets-of-colorado/check-this-out-10-secrets-of-the-federal-reserve-bank-in-denver)

Heritage Newman Sale VI 2015-02-22


Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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