Where is the actual pile of cash???

[Prosper]

“The pool of 3,000 companies held about $2.7 trillion in cash as of their latest financial filings, off about $100 million from the year-earlier period”

Does somebody have the answer to where the actual pile of paper currency is kept??? Seriously, I have thought about this for years and have no clue. I’ve seen the allusions to drug money on pallets in storage sheds but where does BP , Apple, Microsoft etc pile their actual cash. Do they have large vaults ?????

[shraby]

1. Those amounts of cash would be impossible to print in our century. It's all digital.

[Prosper]

2. The trouble is that the actual amount of paper currency in

circulation Nov 8, 2019 · As of November 6, 2019 there was

$1.74 trillion

worth of Federal Reserve notes in circulation. That means there is about 1 trillion dollars more cash being held than actually exists.



“The Fed - How much U.S. currency is in circulation? - Federal Reserve Bank
Nov 8, 2019 · As of November 6, 2019 there was $1.74 trillion worth of Federal Reserve notes in circulation. Related Information. Data for Currency and Coin ...”

[captain queeg]

3. I would have thought much less than that

[Codeine]

4. A good portion of cash

doesn’t exist in physical form. When transactions at every level are digital the need for paper currency decreases all the time.

[discntnt_irny_srcsm]

5. The reserve requirement

https://www.thebalance.com/reserve-requirement-3305883

On January 17, 2019, the Fed updated its reserve requirement table. It required that all banks with more than $124.2 million on deposit maintain a reserve of 10 percent of deposits. Banks with more than $16.3 million up to $124.2 million must reserve 3 percent of all deposits. Banks with deposits of $16.3 million or less don’t have a reserve requirement.

[Prosper]

6. The better part of macro accounting is probability statistics .