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

Bank marketers as revenue generators

The state of bank marketing budgets and staffing in 2026

Retail and Marketing
September 22, 2026

Digital advertising, search engine marketing and optimization, email and social media remain the highest-rated channels for return.

BIS: Stablecoins fail as ‘sound money’

ABA, BPI seek regulatory consistency in proposed stablecoin reporting forms

Compliance and Risk
September 21, 2026

The FDIC should finalize reporting forms for stablecoin issuers only after it finalizes the regulatory requirements for those firms, and it should collaborate with other federal regulators to ensure all reporting forms are substantially similar, ABA and the...

New report, webinar explore trusted digital identities in financial services

Balancing security with customer experience

Compliance and Risk
September 21, 2026

The banking, technology and government sectors have been collaborating as new technologies lower the barriers to creating convincing false identities.

ABA, associations urge Congress to overturn CFPB credit card late fees rule

House committee advances ABA-backed bills on state lending rate caps, CFPB reform

Newsbytes
September 16, 2026

House Financial Services Committee advanced legislation to prevent states from imposing interest rate caps on loans from out-of-state state-chartered banks and credit unions. Committee members also advanced a CFPB reform bill.

Fed, FDIC withdraw statements on managing risks for crypto

House committee removes proposed tax deferral for digital asset rewards

Newsbytes
September 16, 2026

House lawmakers removed a provision from a tax package that would have permitted entities involved in the staking and mining of digital assets to defer taxes on rewards for those assets.

Podcast: Making the jump from a high performer to a high-performing leader

Podcast: Making the jump from a high performer to a high-performing leader

ABA Banking Journal Podcast
September 16, 2026

"Leadership is a skill you have to develop and maintain over time," says Velera Wilson.

NEWSBYTES

ABA, associations urge FCC to adopt outcome-based robocall scorecard

September 22, 2026

Fed’s Jefferson provides update on discount window modernization

September 22, 2026

Court exempts federal credit unions from Illinois interchange law

September 22, 2026

SPONSORED CONTENT

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
Taming AI Agent Sprawl: A Playbook for Consumer Lending

Taming AI Agent Sprawl: A Playbook for Consumer Lending

September 1, 2026
Grow Public Deposits Without the Operational Burden End Fragment

Grow Public Deposits Without the Operational Burden End Fragment

September 1, 2026

PODCASTS

Podcast: Making the jump from a high performer to a high-performing leader

September 16, 2026

Podcast: Remembering 9/11, a quarter century later

September 10, 2026

Podcast: Banking the brave new world of college athletics

August 4, 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.