In a June 25 article by the Federal Reserve Bank of Atlanta entitled “Down but Not Out,” Payments Risk Expert Claire Greene outlined the various factors that influence the increase in cashless transactions. While an estimated one-third of consumer transactions are completed via the use of cash, the remaining two-thirds of those transactions are largely determined by the preferences of the merchant
Category Archives: Financial Reports
US Mint Numismatic Program Net Income and Seigniorage Down 47% in FY 2014
During the fiscal year ended September 30, 2014, the United States Mint saw roughly flat revenue from their numismatic segment, although a shift in product mix and losses generated by some categories send net income and seigniorage down 47%. Revenue for the numismatic segment was $504
US Mint Bullion Coin Revenue Drops 44.1% in FY 2014
The United States Mint’s bullion coin program experienced declines in both sales volume and revenue during the fiscal year ended September 30, 2014. Sales volume fell by 13
US Mint Circulating Coin Shipments Reach 13 Billion Coins in FY 2014
During the fiscal year ended September 30, 2014, the volume of United States Mint circulating coin shipments to Federal Reserve Banks rose by 21.9% to more than 13 billion coins
United States Mint 2014 Financial Results
For the fiscal year ended September 30, 2014, the United States Mint recorded revenue of $3.10 billion, yielding seigniorage and net income of $367
Royal Canadian Mint Reports Record Revenue of $3.4 Billion
The Royal Canadian Mint reported revenue of nearly $3.4 billion for 2013, up by 30