Federal Reserve Bank Has Over 1 Billion Dollar Coins in Inventory
In its latest quarterly report, the Federal Reserve System (or the Federal Bank) reports that it now has over 1 billion dollar coins in inventory. While the number is staggeringly high, it is down slightly from the second quarter of 2020. Currently, the United States’ central bank has 1.011 billion dollar coins in inventory. For those who are outside of the United States or unfamiliar with it, the Federal Reserve System is effectively the central …