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New technology for Fed's money-counting machines

Now the Federal Reserve's money-counting machines can read bills worth $20 or less even if they're upside-down. They used to destroy bills that weren't stacked correctly.

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This final note today: Next time you see your bank teller obsessively taking all the bills in her drawer and sorting them so they're all face up and turned the right way, tell her she doesn't have to do that anymore.

Here's the deal: For years, the money-counting machines at the Federal Reserve would destroy bills that went into its currency-counting machines facing the wrong way.

Yes, destroy.

Good news is that new technology now lets the Fed count money whether it's upside-down or not.

Me? I'm still gonna make my wallet look nice and tidy.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy. Follow Kai on Twitter @kairyssdal.
BostonPeng's picture
BostonPeng - Oct 23, 2012

I'm with you, Kai. I hate dollar bills that are every which way, not to mention all jumbled together. I rarely pay for things with cash any more (you've got to love debit cards and LevelUp) but when I do have cash I always have to face them all the same way.

umpiowl's picture
umpiowl - Oct 22, 2012

I am the same way, Kai! It started for me years ago when I was a swing manager at a McDonalds and I had to count drawers. I had to keep the money going in the same direction, and I still do it to this day in my own wallet...if I don't, I feel completely disorganized!

deckhand's picture
deckhand - Oct 22, 2012

I keep money in a clip, not a wallet but I still sort my money by "direction," denomination and side (obverse facing forward, all together now...)

My ex accused me of being OCD about it, but every other not-so-tidy thing I do proves that wrong.