Century Bank of Gainesville v. United States

Century Bank of Gainesville, Florida, was part of the federal food stamp program. It collected from retail and wholesale food concerns (and from other authorized persons) used food stamp coupons with a face value of over $12,000. Plaintiff then gave credit to the collectors for this amount. The coupons were marked and endorsed by the submitting parties, and the bank cancelled the stamp coupons. On October 20, 1977, plaintiff properly prepared the cancelled stamps for mailing, as required, to the Federal Reserve Bank in Jacksonville. The stamps were *182placed in a federal reserve cloth bag,…