What is the procedure for exchanging money in excess of one dollar?

The procedure for exchanging money in excess of one dollar involves issuing a treasury check. This method is established to ensure a secure and formal exchange process for larger amounts of money, typically beyond the small transactions that can occur with cash. By using a treasury check, it provides a traceable and reliable form of payment that can be directly deposited or cashed at a financial institution, maintaining proper accounting and financial controls.

Exchanging excess funds for a treasury check is also aligned with monetary policies and regulations, which require accountability for public funds and their disbursement. This procedure minimizes the risks associated with cash handling, such as potential loss or theft.

In contrast, simply exchanging for U.S. currency or depositing funds directly into a bank account may not be permissible for larger amounts as these methods could lack the oversight and control necessary for public financial transactions. Keeping excess money until it accumulates to a larger amount, such as five dollars, does not adhere to proper financial management practices in official settings.