PINCHED FOR PENNIES; THERE'S PLENTY OF THE COPPER COINS OUT THERE, OFFICIALS SAY, BUT THEY MIGHT BE WEDGED IN YOUR SOFA.Byline: Deborah Adamson Staff Writer Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank is having a hard time getting its hands on some cash. Pennies, specifically. The San Francisco-based bank was going to award 1 million pennies - along with a number of other prizes - to its millionth Internet customer today, but can't scrape together scrape together or up Verb to collect with difficulty: he scraped together enough money to travel enough copper. ``We can't get 1 million pennies,'' Kathy Shilkret, Wells spokeswoman, said Wednesday. A multibillion-dollar bank doesn't have 1 million pennies? Apparently, an increased national demand for the coin is leading to a shortfall. It was first felt on the East Coast, but the shortage finally has made its way to the West. The problem? Circulation, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Calvin Naito, spokesman for the Federal Reserve Bank in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . While there are plenty of pennies around - 312 billion have been made by the U.S. Mint - only 114 billion are in use. That works out to 426 pennies for every man, woman and child in America. The rest probably are stored in jars, hidden under sofa cushions or accidentally dropped between the cracks of car seats. Federal authorities are urging the public to cough up their bronze Abes, even as the U.S. Mint increases production to probably top its 1994 record of 19 billion pennies. ``The problem is there are too many people with piggy banks at home with pennies in them,'' Naito said. ``We need more people to carry their piggy banks to the bank.'' The U.S. Mint is working at least six days a week, 24 hours a day to churn out churn n. A vessel or device in which cream or milk is agitated to separate the oily globules from the caseous and serous parts, used to make butter. v. churned, churn·ing, churns v.tr. 1. more pennies. The mints in Philadelphia and Denver, which are the largest in the world, have increased penny production by one-third from last year. Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. spokeswoman Jane Goodman Goodman was a polite term of address, used where Mister (Mr.) would be used today. Compare Goodwife. Goodman refers to:
Surprisingly, there is no penny shortage at the Canoga Park location of the 99 Cents Only Stores. One would assume customers need a penny in change for every dollar they spend. But the store manager has a simple explanation why they don't give out as many pennies as one would think: sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. . GOT CHANGE? HERE'S WHAT TO DO WITH IT What should you do with the mountain of change you've accumulated at home? Well, if you're tired of seeing that clutter, you can always turn over the coins to any bank or thrift thrift: see leadwort. . But they won't count them for you. In most cases, you must first count and separate the denominations before you can deposit the money, according to the banks. If you roll up your coins - the banks provide coin wrappers In data mining and treatment learning, wrappers were used by Ron Kohavi and George John. Their idea was to wrap their treatments learners in a preprocessor that would search to make subsets from the current set of attributes. for free - there is no charge to deposit them. If you count and separate but don't roll them, financial institutions charge a fee for the deposit. That's because they have to have someone else count them. Bank fees range from $1.25 and up, depending on the total value of the coins. You also can take your change to a coin machine. Many supermarkets have them, but they charge around 8 or 9 cents per dollar. The machine counts your coins and spits out a receipt that you can cash in at the supermarket. CAPTION(S): Photo, Box Photo: (Color) no caption (Pennies) Phil McCarten/Staff Photographer Box: GOT CHANGE? HERE'S WHAT TO DO WITH IT (See text) |
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