The Region

2010 By the Numbers

2010 Annual Report

Published August 2, 2011  |  May 2011 issue

In 2010, the Federal Reserve Bank of Minneapolis processed:

  • 11.7 billion ACH (Automated Clearing House) payments worth approximately $21.4 trillion. FedACH is a nationwide system, developed and operated by Minneapolis staff on behalf of the entire Federal Reserve System, which provides the electronic exchange of debits and credits.
  • $10.6 billion of currency deposits from financial institutions, destroyed $897.5 million of worn and torn currency, and shipped $12 billion of currency to financial institutions.
  • Tenders, account maintenance, forms, and other customer transactions for 227,000 active Legacy Treasury Direct accounts for individuals holding Treasury securities totaling $45 billion, and 2.7 million savings bond purchase requests worth $1.2 billion, as one of two Treasury Retail Securities sites in the Federal Reserve System.
  • 188,000 transaction items valued at $464 billion through FR-ETA (Federal Reserve-Electronic Tax Application), a same-day payment mechanism, hosted by the Federal Reserve Bank of Minneapolis, for businesses paying federal taxes via their financial institutions.

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Narayana Kocherlakota