The Region

2002 by the Numbers

2002 Annual Report: Operations Report

Published May 1, 2003  | May 2003 issue

  • 6.1 billion ACH (Automated Clearing House) payments worth approximately $15.9 trillion. ACH is a nationwide system, built and operated by Minneapolis staff, that provides the electronic exchange

  • 1.0 billion checks worth approximately $853 billion. The Minneapolis office is one of the largest check processing centers in the Federal Reserve System.

  • $10.6 billion of excess currency received from financial institutions, destroyed $1.4 billion of unfit currency and shipped $11.5 billion of fit and new currency.

  • 1.3 million savings bond purchase requests and 156,725 savings bonds servicing transactions, and answered 285,978 savings bonds customer service calls, as one of five savings bonds processing centers in the Federal Reserve System.

  • Forms, tenders, account maintenance and other customer transactions for 524,000 active TreasuryDirect accounts for individuals holding Treasury securities totaling $67.5 billion, as one of three TreasuryDirect processing sites nationwide.

  • Transaction items worth more than $250 billion through FR-ETA (Electronic Tax Application), a same-day payment mechanism, hosted by the Minneapolis Fed, for businesses paying federal taxes via their financial institutions.