Anyone having problems taking cash out of banks?

Discussion in 'Husker Board' started by Suhrreal, Jul 31, 2020.

  1. Suhrreal

    Suhrreal Graduate Assistant
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    Just curious. Also curious if you are having any other issues with banks lately...
     
  2. Huskerfan2112

    Huskerfan2112 Sophomore
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    Not at all. Only issue is with coin
     
  3. tpmcg

    tpmcg Offensive Coordinator
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    its been a lot easier with my mask on.
     
  4. SeaOfRed75

    SeaOfRed75 Sophomore
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    My wife works at a bank. She hasn't said anything about weird stuff with cash availability or anything.
     
  5. Suhrreal

    Suhrreal Graduate Assistant
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    Not necessarily availability but taking large amounts out. Or having to schedule appointments to do so.
     
  6. schuele

    schuele Athletic Director
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    Banks keep cash on hand based on anticipated transactions. Given that most people now go to the bank about as often as they go to the Post Office and only slightly more often than they go to Blockbuster Video, banks are likely keeping less on hand than they did 15-20 years ago.
     
  7. huskerfan66

    huskerfan66 Head Coach
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    Really? I went to my local bank and cashed a few small checks that totalled $240. Teller asked how I wanted it....big bills or small? I jokingly said coins. Without a pause she asked me if I wanted them all in quarters or other. I told her I was just kidding and asked if they've had any issues. None at all in any of their branches in Nebraska
     
  8. ThereIsNoPlace

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    Like she'd divulge to you.
     
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  9. schuele

    schuele Athletic Director
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    Coins are scarce because the mints have been down and people are putting way less cash back out into circulation. Our grocery store recently stopped giving coins in change. I think they'll give you a credit slip if you request it.

    When the mints do fire back up, this would be a good time to finally retire the penny.
     
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  10. Bugeater

    Bugeater Defensive Coordinator
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    Man, Blockbuster Video, haven't heard that name in awhile.
     
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  11. NorthWillRiseAgain

    NorthWillRiseAgain Recruiting Coordinator
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    Reminds me, I’ve seen tons of recent burglaries with no mask. Seriously, this is the one time you could literally walk right up to where you are burglarizing, and you show your face.
     
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  12. BeautifulDayintheNeighborhood

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    Go back to council Tuckee buddy
     
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  13. tpmcg

    tpmcg Offensive Coordinator
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    bizarre times.
     
  14. Catch50

    Catch50 Athletic Director
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    That has not always been the case ... people with masks in a bank.

    One of those dudes was named ... Larry Phillips.

     
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  15. SantaBarbaraSker

    SantaBarbaraSker Nebraska Football Hall of Fame
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    No...but I actually have cash in the bank, so that probably helps.






    .
     
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  16. Huskerchil

    Huskerchil Walk On
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    Wish I had some money in my account to take out or some to put in the bank.
     
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  17. Catch50

    Catch50 Athletic Director
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    If only you had listened to him!

     
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  18. jflores

    jflores Offensive Coordinator
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    What's cash?
     
  19. BigRedBugeaters

    BigRedBugeaters Sophomore
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    Took $15 k out today. Not a problem at all
     
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  20. schuele

    schuele Athletic Director
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    I've been there, and to the bank, the same number of times this year.
     
  21. drubendall

    drubendall Walk On
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    This is silly to me. Do 2 weeks of PSAs. People, convert some coins to paper. And yes, demonituze the penny, the same way we did the half cent. Its time.if it costs more than a penny to make a penny....just sayin
     
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  22. Crazyhole

    Crazyhole Sophomore
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    So do we round up or down on sales tax?
     
  23. Crazyhole

    Crazyhole Sophomore
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    It's because the FED dropped the reserve requirement to zero back in March. Banks no longer have to keep as much cash on hand as they used to. Its pretty reckless, quite honestly, because that's what keeps us from having a run on the banks.
     
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  24. saluno22

    saluno22 Defensive Coordinator
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    Reminds me of the Blockbuster Bowl played for a few years at Joe Robbie Stadium before the Orange Bowl Classic. They actually had some really good matchups:

    December 28, 1990 (74,021): #6 Florida State 24, #7 Penn State 17 (both independent)
    December 28, 1991 (46,123): #8 Alabama 30, #15 Colorado 25
    January 1, 1993 (45,554): #13 Stanford 24, #21 Penn State 3 (PSU last season as independent)

    After that first year, attendance really fell off. The 1990 game had the shine of a newer stadium (opened in 1987) and a "local" team in the Top 10 (Florida State).

    Kind of like Blockbuster, it feels like a time gone by when you could get these great random bowl matchups. Around this time was when the bowl mega-deals occurred with conferences, as well as the end of the power independent programs to cash in on the guaranteed TV and bowl money and establish steady income streams.

    I see it's now called the "Cheez-It Bowl" and moved to Orlando at the turn of the century, which feels like it should be in a desert, not subtropical Miami.

    If I had the time, I'd want to look up all of the bowl sponsors who no longer exist.

    EDIT...
    There were 25 "Independent" programs in 1990, notably...
    Boston College: 1991 Big East
    Cincinnati: 1996 C-USA
    Florida State: 1992 ACC
    Louisville: 1996 C-USA
    Miami: 1991 Big East
    Notre Dame: Remains Independent
    Penn State: 1993 Big Ten
    Pittsburgh: 1991 Big East
    Rutgers: 1991 Big East
    Syracuse: 1991 Big East
    Temple: 1991 Big East
    Virginia Tech: 1991 Big East
    West Virginia: 1991 Big East

    The 1991 Big East conference was entirely comprised of eight teams who were independent programs in 1990, and only two went to bowl games (Miami and Syracuse; Pitt, Rutgers, and West Virginia were 6-5). An official Big East football champion was not crowned until 1993.

    (Side note, check out the 1991 Big East football standings. Not really a "conference" when Miami and Virginia Tech only played two and one conference games, respectively.)

    There are now just 7 independent football programs.
    Army
    BYU
    Liberty
    New Mexico State
    Notre Dame
    UConn
    UMass
     
    24 saluno22, Aug 1, 2020
    Last edited: Aug 1, 2020
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  25. Dean Pope

    Dean Pope Offensive Coordinator
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    I saw a recent video of a guy who came in to an Ace Hardware in Lincoln. Grabbed some chain saws and walked out. He wore no mask and no hat. Amazing.
     
  26. B1G RED RULES

    B1G RED RULES Senior
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    I believe if you pull a certain $ amount out - $10,000 or more - the bank has to report that transaction to the government. They are required to report what you are using it for. This was started as part of the Patriot Act.
     
  27. Baxter48

    Baxter48 All-American
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    The banks better have cash, how else to we fund the country scholarships?
     
  28. Husker4real

    Husker4real Sophomore
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    All you guys had to do was say “Why, yes - my bank told me they were running low on cash and hoped no one needed much today” and we could have started a perfect conspiracy theorist sh1t storm.

    I expect more from this board....
     
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  29. HuskersNC

    HuskersNC Junior
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    My debit card didn't work at Target the other day, I definitely had more than $45 in my bank account (oOoOh call me señor moneybags, yes o_O), I blame the Illuminati.
     
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  30. saluno22

    saluno22 Defensive Coordinator
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    Forever stamps.Winking
     
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  31. B1G RED RULES

    B1G RED RULES Senior
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    Another thing to keep in mind for money in banks is that the Dodd Frank bill from the 2008 housing crisis put in a “bail in” provision, where the cash the have on deposit is considered their asset and if they run into financial issues, can use those funds to help bail themselves out.
     
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  32. Crazyhole

    Crazyhole Sophomore
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    I'm glad somebody else knows about this.

    When you deposit money into your bank account, you are essentially a 2nd lien holder against that money. The bank itself comes first. We haven't seen this come into play in any meaningful way at this point, but if there was a run on the banks it could.
     
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  33. Suhrreal

    Suhrreal Graduate Assistant
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    I think this is the more relevant piece of info. Fractional reserve banking allowed the banks to use your deposits to make investments. Why did they drop this important fractional rule to zero? Well, I have noticed quite a few "FOR RENT" and "FOR LEASE" signs in many commercial property areas out here in California. Just drove through a very nice part of Rancho Cucamonga last night and noticed it there along with Pier 1 Imports going out of business. Seems like a lot of these big retailers are donezo. I wonder who holds the most commercial real estate property and is counting on that revenue.
     
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  34. Suhrreal

    Suhrreal Graduate Assistant
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    Real estate with good soil and well water I would say.
     
  35. Crazyhole

    Crazyhole Sophomore
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    They did it to prop up the derivative market. A bank can't say that a 1000 dollar deposit is worth anything more than 1000 dollars, but they can adjust their balance sheet to show that a 1000 dollar investment into something like real estate is worth 2000 dollars. Its the same reason that the FED did another huge TARP like program last september by basically making overnight lending unlimited. We are nearing the collapse of this house of cards and its no surprise that FDIC started talking about raising deposit protection a few months ago.
     
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  36. huskerfan66

    huskerfan66 Head Coach
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    And deposit
     
  37. Crazyhole

    Crazyhole Sophomore
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    They have to report any transactions that seem questionable regardless of amount, but yes they have to report ones over 10,000 every single time.
     
  38. Cornicator

    Cornicator Nebraska Legend
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    I'm curious. What do you need 15k in cash for that you couldn't pay for with a transfer or cashier's check?
     
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  39. GBRforLife1

    GBRforLife1 Redshirt Freshman
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    Sounds like something a cop would say.
     
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  40. Cornicator

    Cornicator Nebraska Legend
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    [​IMG]
     
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