Federal Reserve Resumes Penny Deposits at Coin Distribution Centers

Chicago, January 08, 2026:
Federal Reserve Financial Services (FRFS) on Thursday announced new measures to strengthen the circulation of pennies for commercial use, saying it will resume accepting penny deposits from banks and credit unions beginning January 14 at select commercial coin distribution locations.

The move follows temporary suspensions at certain facilities due to local inventory constraints. With penny production now concluded, the Federal Reserve said it will closely monitor the flow of penny deposits from financial institutions to determine whether expanded ordering options can be introduced in the coming months.

While FRFS continues to support penny deposits nationwide, officials clarified that its role in the coin supply chain remains limited to distribution services for banks and credit unions on behalf of the U.S. Mint, which is the nation’s sole issuing authority for coinage. The Federal Reserve does not provide coins directly to businesses or consumers.

The policy update is expected to stabilize small-denomination coin availability for commercial activity, particularly for retailers and financial institutions still reliant on physical currency transactions.

FRFS provides payment services and supports the stability, integrity and efficiency of the nation’s monetary, financial and payment systems, offering a comprehensive suite of payment and information services to financial institutions.