2010 By the Numbers

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.