ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home ABA Banking Journal Podcast

Podcast: The incredible shrinking penny (circulation)

January 8, 2026
Reading Time: 1 min read
Podcast: The incredible shrinking penny (circulation)

The "Nixon Penny," a novelty penny meme from the 1970s that satirized inflation under the Richard Nixon administration.

The discontinuation of penny production in 2025 caused operational challenges for banks when the regional Federal Reserve banks said they would stop accepting pennies for deposit at coin terminals — accelerating the circulation shortage that’s posing challenges for retailers. Today, the Fed reversed that decision, resuming deposits effective Jan. 14. On the latest episode of the podcast, ABA payments expert Steve Kenneally walks through the Fed’s decision, the operational challenges the penny phaseout poses to retailers and banks, ABA’s regulatory and legislative advocacy for improvements to the handling of coinage reform and ABA resources for banks, frontline staff and consumers.

  • Click here to download the episode if you can’t see the player above.
  • View ABA resources on the penny phaseout.

In this episode

Steve Kenneally
SVP, Payments Policy
ABA

Tags: ABA Banking Journal PodcastCoin shortagePayments systemPenny phaseout
ShareTweetPin

Related Posts

Podcast: How community banks can keep farmers farming in turbulent times

Podcast: How community banks can keep farmers farming in turbulent times

ABA Banking Journal Podcast
October 14, 2026

Agriculture has never been for the faint of heart — but in an environment where global trade policy is changing rapidly, how can ag bankers help position their producers to weather the changes?

District court vacates Labor Department position on rollover advice

Illinois to appeal interchange ruling

Legal
October 14, 2026

The Illinois Attorney General’s Office plans to appeal a court injunction preventing the state from enforcing the Illinois Fee Prohibition Act against certain financial institutions, according to a court filing.

Insights on strategy, risk and regulation in bank-fintech partnerships

Chair’s View: The innovation imperative

Community Banking
October 14, 2026

I tell my team at First Independence all the time: We have to think and act like a technology company.

Navigating the looming CEO exodus in the financial sector

Bringing AI into banks safely: A framework for boards

Technology
October 13, 2026

Getting the governance model right is what transforms AI from a risk-management concern into an institutional capability.

Podcast: The birth of American money and how it triggered a revolution

Podcast: The birth of American money and how it triggered a revolution

ABA Banking Journal Podcast
October 8, 2026

How the American colonies developed their own monetary systems, and why the British ultimately rejected them.

Report: More states creating restrictions on crypto ATMs

Crypto exchange agrees to shut down ‘crypto ATMs’ as part of settlement

Compliance and Risk
October 8, 2026

The cryptocurrency exchange Coinme has agreed to close down its virtual currency kiosk operations in multiple states as part of a settlement with 34 state financial regulatory authorities over alleged Bank Secrecy Act and anti-money laundering violations, according...

NEWSBYTES

Robertson, Boyer receive Distinguished Service Awards for AML/CFT and fraud management

October 14, 2026

OCC releases report on alleged ‘debanking’ by large banks

October 14, 2026

Illinois to appeal interchange ruling

October 14, 2026

SPONSORED CONTENT

The Shift from Demographic Marketing

The Shift from Demographic Marketing

October 1, 2026
Meeting Ag Lending Goals Without Going It Alone

Meeting Ag Lending Goals Without Going It Alone

October 1, 2026
Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026

PODCASTS

Podcast: How community banks can keep farmers farming in turbulent times

October 14, 2026

Podcast: The birth of American money and how it triggered a revolution

October 8, 2026

Podcast: Creating seamless customer experiences

September 30, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.