Mixed Cash Letter Law and Legal Definition

According to 31 CFR 321.1 [Title 31 -- Money and Finance: Treasury; Subtitle B -- Regulations Relating to Money and Finance; Chapter II -- Fiscal Service, Department of the Treasury; Subchapter B -- Bureau of the Public Debt; Part 321 -- Payments by Banks and Other Financial Institutions of United States Savings Bonds and United States Savings Notes (Freedom Shares); Subpart A -- General Information], mixed cash letter refers to “a bundle containing non-segregated redeemed securities, cash items, and other items submitted to a Federal Reserve Bank via the commercial check collection system.”