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Article: PROGRAM FOR DIRECT SHIPMENT OF GOLDEN DOLLARS TO SMALL FINANCIAL INSTITUTIONS.(Brief Article)
- Article from:
- Federal Reserve Bulletin
- Article date:
- April 1, 2000
CopyrightCOPYRIGHT 2000 Board of Governors of the Federal Reserve System. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The U.S. Mint and the Federal Reserve on February 24, 2000, announced a program to provide direct shipments of Golden Dollars to community banks, credit unions, and savings and loans across the country. Strong public demand for the new dollar coin has generated thousands of orders from banks and retailers and has led some banks to create Golden Dollar waiting lists for their individual and commercial customers.
"The U.S. Mint and the Federal Reserve have developed this program to accelerate shipments of Golden Dollars to small financial institutions," said Philip N. Diehl, Director of the Mint. "We want to get as many Golden Dollars to these institutions as ...