ARRANGEMENT FOR THE INFEED AND OUTFEED OF VALUABLE DOCUMENTS

An arrangement for infeeding and outfeeding documents, such as banknotes, cheques, etc., having a command system for externally controlling the functions thereof, and a storage system for storing the documents fed into the arrangement between mutually coacting belts. The storage system has allocated, well-defined and registered document storage positions for incoming documents. A detector system functions to identify incoming documents prior to storage of the documents in the well-defined and unoccupied positions. The arrangement also includes a memory system for storing information relating to respective locations of stored documents, and a path selector mechanism which, when in a first position, enables the documents to be fed to the storage system and which, when in a second position, enables, in accordance with information obtained from the memory system, the documents earlier stored in the document storage system to be dispensed from the arrangement in response to a command entered through the command system. This enables the arrangement to receive a mixture of different documents on each infeed occasion and to dispense on each outfeed occasion a desired quantity and desired type of documents pre-selected through the command system.