2006 by the Numbers
In 2006, the Federal Reserve Bank of Minneapolis processed:
- 9.4 billion ACH (Automated Clearing House) payments worth
approximately $16.6 trillion. FedACH is a nationwide system, developed
and operated by Minneapolis staff on behalf of the entire Federal
Reserve System, that provides the electronic exchange of debits and
credits.
- 769 million checks worth $851 billion. The Minneapolis office is one
of the larger check processing centers in the Federal Reserve System.
- $10.9 billion of excess currency received from financial institutions,
destroyed $945 million of worn and torn currency, and shipped $12.3
billion of currency to financial institutions.
- Forms, tenders, account maintenance and other customer transactions
for 400,000 active Legacy TreasuryDirect accounts for individuals
holding Treasury securities totaling $72 billion and 4.25 million
savings bond purchase requests worth $4.1 billion, as one of two
Treasury Retail Securities sites in the Federal Reserve System.
- Transaction items worth more than $456 billion through FR-ETA (Federal Reserve-Electronic Tax Application), a same-day payment mechanism, hosted by the Minneapolis Fed, for businesses paying federal taxes via their financial institutions.
