Banks - Fed Shipments

[Jessica Wilhoite]

Hello All,       I'm throwing this question out there to get a consensus of what other banks are doing.    What is the most common procedure for a branch to follow after receiving a fed shipment?  Procedure meaning is the money counted by hand or with a cash counter?  How many people are involved in counting the money from fed?  After being counted is the money re-strapped and initialled by two individuals?  What other procedures are there?  I'm looking at this from an efficiency point of view.  What is the best practice for fed shipments?   Thanks.   Jessica R. Wilhoite Audit Specialist First Columbia Bank & Trust Co. 11 West Main St. Bloomsburg, PA 17815 Phone:   (570) 387-4610 Email:     [EMAIL PROTECTED] Website: www.firstcolumbiabank.com