What changed in Fed procedures for currency deposits after Feb 21?

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The Federal Reserve Modified Currency Deposit Procedures with Extended Holding Periods for Asian Currency

Following February 21, the Federal Reserve introduced new protocols for currency deposits, notably extending the holding period for cash originating from China and other Asian regions. This adjustment mandates that such currency will be held for a minimum of seven to ten days before deposit processing. These updated measures reflect a response to the ongoing coronavirus epidemic and include provisions for further modifications should additional countries be identified as high-risk by US health authorities or the State Department.
Extended Holding Period for Asian Currency

A key change implemented on February 21 involves a significantly longer holding period for currency. Specifically, money originating from China or any part of Asia will now undergo a holding period of at least seven to ten days before it can be processed as a deposit. This is a departure from the typical handling procedures, where bills are usually held for a period ranging from five to sixty days under normal circumstances.
Preparedness for Further Risk Identification

The Federal Reserve has indicated its readiness to implement additional, modified procedures if necessary. This preparedness is contingent on US health authorities or the State Department identifying specific countries as posing additional risks. Such a determination would trigger the implementation of further enhanced cash handling measures beyond the current extended holding period for Asian currency.
Assurance Against Cash Shortages

Despite these new precautionary measures, the Federal Reserve has assured the public that there is no likelihood of a shortage of physical cash. The institution maintains a contingency stock of new currency readily available. This reserve can be circulated to the public should any need arise, ensuring the continued availability of cash for transactions.

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What changed in Fed procedures for currency deposits after Feb 21?

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