FEDERAL RESERVE TOUR

FEDERAL RESERVE TOUR 

Last week Leaf Verde had it's last tour of the winter to The Federal Reserve Bank of San Francisco Phoenix Distribution Center. We had to have our full names and vehicle make and module turned in weeks before the tour day. Unfortunately,  there was no camera allowed inside the building, so there is nothing to show. I will do my best to explain it, so it feels like you were there too. We entered the building where it looked like an airport security with x-ray machines to check your pocket belongings and medial detector to check your body. We had to enter one door, wait for it to lock, then press a button to open the next door to enter the facility. We headed to the conference room where there was a escort who talk, answered question and shown a video of the reserve. The only question that was not answered was how much money is been held on a daily bases. The video highlighted an overview of The Federal Reserve System and cash operations. The most unique part of the Phoenix distribution center is that it's cash only no coins. The coins are contracted out to a third party company. All the other distribution centers have both cash and coins. After the video everyone received a bag of money (shredded and useless). We then went to the viewing area where the money is counted, checked for counterfeits, warn bills then restored for later use. Counterfeits are pulled, checked, logged and processed. Warn bills are destroyed automatically. The rest of the money is stored in bricks and wrapped in plastic bags to be used again at a later date. Over all it was a good day for a local day trip and the best part of it was that it was free and educational.

Free money