The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: 10K a day who wrote (85812)	9/1/2007 12:11:25 PM
From: stan_hughes	Read Replies (2) of 110194

I wouldn't be reading too much into those anecdotes. I don't find it particularly unusual for a bank branch to not have a lot of paper currency on hand -- it's an electronic world now, and holding high cash levels at the branch level just invites robberies. I've had similar problems on the withdrawal side, i.e. trying to withdraw as little as $5,000 from a main downtown branch to buy a computer 2 years ago (the computer guys wanted to add back their 3% credit card fee to my bill if I didn't pay cash). After a bit of discussion I discovered the real reason the bank didn't want to give me the notes was because the staff had already counted their stash for the day and didn't want to give me any because they'd have to recount and rebalance everything. If one branch is going to run short, they can just get more from another branch, which is why they'd rather you called ahead for this kind of stuff.

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