BEP Prints 576 Million Notes Worth $9.8 Billion in July

The Bureau of Engraving and Printing (BEP) is responsible for printing U.S. currency, and their reported July banknotes totals have been released. Note production was substantially lower for the month.

576,000,000 U.S. banknotes were manufactured in July worth $9,766,000,000. That compares to 649.6 million notes worth $15.5 billion in June.

More than $5 billion of the difference came from a reduction of $100s in July. Fewer $5s were also produced while the quantity of $1s, $10s and $20s slightly increased.

Spread across the 31 days in July and counting weekends and holidays, the BEP averaged nearly 18.6 million notes per day with a total daily face value worth $315 million, which would be enough for every man, woman and child in the U.S. to have slighter over $1.

The Bureau of Engraving and Printing indicates that 95% of the notes made each year are used to replace those already in, or taken out of circulation. If this percentage is run across July, then "new or extra" notes for circulation is slashed down to $15.8 million per day.

Printed Notes by Denomination: Volume and Face Value (July 2008)

The BEP reported no star banknotes, which are replacements for misprinted notes or certain serial numbers, like 000 000 000. Star notes are generally more desirable to collectors as they are rarer.