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"This is just a small portion of what there is nationwide," said Dave Beck, senior vice president of the Federal Reserve Bank of Richmond, Va., and regional executive for the Baltimore branch. "At certain times, that vault will be full and we have to look for other Fed facilities … that have more space."
Beck declined to say how many coins were being held by the Baltimore branch, but a June report to Congress by the Fed's Board of Governors said more than $1.2 billion in dollar coins is being held at 28 reserve system facilities across the nation. Officials said the number is expected to reach $2 billion by 2016.