There are 1,000 $20 bills in each properly prepared bundle. This bundled amount is equal to exactly $20,000 in cash. Each bundle of bills should be further separated into 10 straps of cash consisting of 100 bills each.
All straps should be carefully bound and labeled so the strap information can be seen once the straps are bundled together horizontally into the bundle. The bundle binding used should consist of a rubber band or zip tie holding the straps of cash together at both bundled ends. Only full bundles of $20 bills may be deposited with a Federal Reserve Bank.