The US government printed more money in March than in any previous month in 2010, according to the agency responsible for manufacturing US currency. The value of the notes printed also peaked.
The Bureau of Engraving and Printing (BEP) on Friday released the latest production figures for March which show it made $1s, $5s, $20s and $100s during the month — the same denominations as in February.
Combined, the BEP produced 605,952,000 banknotes that had a total value of $22,138,240,000. In contrast, February figures came in at 504.476 million notes for just over $14.098 billion while January registered 487 million notes worth just above $14.1 billion.
The biggest value difference between the two prior months came from the more than double the amount of $100s and a sizeable increase in $5s and $1s. [In a side note, later this month the BEP will release the newly designed $100 note during a ceremony in Washington, D.C.] March figures, however, show fewer $20s produced than in February.
Notes by Denomination, Volume and Value
|Denomination||Total Printed||Total Value|
Spread across the 31 days last month, the BEP averaged over 19.5 million notes per day with a total daily value of about $714.1 million.
The agency also produced a variety of $5, $20 and $100 star notes. Star notes are replacements for misprinted notes or certain serial numbers, like 000 000 000. As they are rarer, money collectors generally find them more desirable.
BEP Note Production in March 2010
Facility at Washington, DC
Facility at Fort Worth, TX