US Government Prints 471 Million Banknotes in August 2010

by CoinNews.net on September 29, 2010 · 0 comments

BEP Production Figures 23.49 million more bills were produced in August as compared to July, the latest round of U.S. currency production figures from the U.S. government reveal. The increase breaks a streak of two monthly declines.

The Bureau of Engraving and Printing (BEP), the agency responsible for printing American money, released their August numbers on Friday, September 17. The production data shows that $5s were not printed for the first time since January while a greater number of $1s and $100s were issued. Fewer $20s were needed. $10s and $50s remained at zero, continuing a silence that began in July 2009.

The BEP produced 471,360,000 banknotes in August 2010 which translated to $22,393,600,000 across the various denominations. July figures indicated 447.8 million notes worth more than $21.3 billion were manufactured.

August turned out to be the second slowest month for the BEP this year — right after July, although the monetary value of the bills printed is the second highest of the year, as the following table illustrates.

2010 Monthly Banknote Totals

# Notes
(in millions)
Total Value
(in billions)
January 487.000 $14.100
February 504.476 $14.098
March 605.952 $22.138
April 519.136 $21.735
May 551.680 $24.266
June 547.840 $22.275
July 447.872 $21.325
August 471.360 $22.394

 

As compared to July’s bills, August saw 25.6 million more $1s printed, fewer $20s by 14.9+ million and more $100s to the tune of 13.4+ million.

August 2010 BEP Money Production

Facility at Washington, DC

BEP Note Production in August 2010 at Washington, DC

Facility at Fort Worth, TX

BEP Note Production in August 2010 at Fort Worth, TX

The BEP also produced a number of $20 and $100 star notes, as depicted by the "*" reference in the above images. 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.

Bills by Denomination, Volume and Value

August 2010

Denomination Total Printed Total Value
$1.00 115,200,000 115,200,000
$5.00 0 0
$10.00 0 0
$20.00 166,720,000 3,334,400,000
$50.00 0 0
$100.00 189,440,000 18,944,000,000
August Totals 471,360,000 22,393,600,000

 

Spread across the 31 days last month, the BEP averaged over 15.2 million notes per day with a total daily value of about $722.37 million.

For reference, the prior month of production figures are included below:

July 2010

Denomination Total Printed Total Value
$1.00 89,600,000 89,600,000
$5.00 640,000 3,200,000
$10.00 0 0
$20.00 181,632,000 3,632,640,000
$50.00 0 0
$100.00 176,000,000 17,600,000,000
July Totals 447,872,000 21,325,440,000

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