If a personal preparedness strategy is to get cash. Before the assummed bank runs start.

Won't the ABA communicate to the Feds (secretly) if cash begins to fall below a certain level?

Does anyone honestly know of a way to determine bank currency levels or info. that could allow an advanced notice of any potential Fed retrictions on withdrawals???

Any related comments would be appreciated!

-- David Butts (dciinc@aol.com), September 04, 1999

Answers

David, you are sitting on a time bomb that is going to explode, and asking if anyone sees any sparks yet. Get off your butt and get moving before its too late!!! Or do you not feel motivated unless you know for a fact that its too late?

-- King of Spain (madrid@aol.com), September 04, 1999.

Come on, David, you have less than four months left until New Year's Evil. What are you waiting for? Get your money out of the bank, the stock market, etc., and into cash now while you still can. If you want further explanation of why bank runs are almost inevitable sometime in the next few months, go to my website at http://www.y2ksurvive.com and read the introduction page.

-- cody varian (cody@y2ksurvive.com), September 04, 1999.

Long live the King!!

Oh great king-thankyou for the kick in the Butt(s).

Though you are sitting on your throne with vast caches of unspoken treasures and cash, I on the other hand, your highness am in the inenviable positions of being one of your peasant subjects that has attempted to scrap a living from your vast kingdom, with your harsh taxes. which leaves me with a paltry,meager bank account. The business I just started does not help.

I apppreciate your desire to motivate one of your unworthy subjects, but would you be kind enough to just ANSWER THE FRIGGIN QUESTION????

Only if you can--oh chosen one!!

-- David Butts (dciinc@aol.com), September 04, 1999.

David,

First, I do not have a direct answer to your question.

OTOH, the FED publishes monthly monetary statistics at:

http://www.stls.frb.org/fred/data/monetary.html

including currency data. However, it is my impression that the currency data reported there includes currency in curculation. I have not looked for, or found, reports of currency on hand at banks, although I would not be surprised if banks report such info to the FED or the OCC or such.

Meanwhile, one thing that banks will do if they get low on cash it they will order more from the FED, or whatever agency they order from, which is how they get those nice crisp new bills that you see in circulation.

Jerry

-- Jerry B (skeptic76@erols.com), September 04, 1999.

David,

BTW, I forgot to commend your eloquent message to his majesty. ROTFL

Jerry

-- Jerry B (skeptic76@erols.com), September 04, 1999.

David,

On that FRED site that I mentioned in a post above, I found a file containing currency in circulation data. Its numbers exceed the numbers in the currency component to which I had previously referred, leading me to conclude that the data titled currency component of M1 perhaps does not include currency in circulation. The descriptions, that I have found, of the various files are not as detailed as I would like.

Jerry

-- Jerry B (skeptic76@erols.com), September 04, 1999.

Jerry,

Hope you have come back to read this----"thankyou"

-- Dave Butts (dciinc@aol.com), September 04, 1999.

The banks can but are at this time probwably NOT reporting this figure to the Office of the Comptroller of Currency. They WILL probably start in the near future.

Chuck, who is even now fixing the thread

-- Chuck, a night driver (rienzoo@en.com), September 04, 1999.