Much attention has been focused on increased demand for cash ahead of the New Year's weekend, but the real action for the banking system is expected to begin after the revelry.

The Federal Reserve's procedure for making more money accessible to cash-hungry consumers has proceeded in an orderly fashion over several months. But the reflow back into the Fed system is expected to be rapid, as banks seek to ship excess cash back as soon as possible so it can be converted into an earning asset.

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